Quote from: vernam on May 20, 2018, 10:35:31 AM

Quote from: Kavorka on May 17, 2018, 07:23:31 AM

If there is no commision, how you plan to earn money?

Technologically, Vernam is decentralized online platform, based on blockchain technology which creates the right conditions for clients and insurance providers to do business in an easy, safe and cost-efficient way. Besides the platform itself, a proprietary off-chain market place will use the Vernam token (VRN) an Ethereum-based ERC 20 standard crypto token to take full advantage of the platforms functionality.
In other words, when a contract between a client and an insurance provider is signed on Vernam, it will be denominated in VRN. Since there is no broker mediation, the standard brokers commission (1525%) will be awarded to the client in the form of VRN. The Client can choose to exchange the VRN for fiat money or to keep it and later purchase a new insurance with a significant discount.
The system will offer special type of smart contracts, guaranteeing that when a defined set of events occurs, the client will automatically be compensated with a certain amount of VRNs. This will make Vernam the game changer who dared to digitalize the insurance market! Vernam will also be the safest and the cheapest tool to purchase insurance.

Thank you for explaining, this was going through my head recently also.Good to see that it is well thought system with great incentives that can be sustainable.