Kasko2go ICO Seeks to Create a Reliable, Low-Cost Insurance Company

The project aims to build a faster, cheaper, and neater auto insurance ecosystem.

News Desk,
2 hrs ago


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Have you ever dreamt of getting the chance to deal with a fair, cheap, and reliable insurance company that also favors a personal approach? Have you ever thought that it's unfair to pay an insurance fee for your car every year although you are an exemplary driver?

These dreams may come true with Kasko2go (Liechtenstein), which aims to revolutionize the car insurance industry and create a personalized insurance company that offers an individual approach and evaluates each driver based on his/her driving style, road quality, weather conditions, mileage, and other metrics.

The assessment of potential risks for each driver will help Kasko2go calculate the rates with fine-tunable parameters. According to the project team’s forecasts, it will reduce the insurance cost for safer drivers by 30% initially, with the long-term reduction reaching 50%.

This will become possible due to the innovative Kasko2go platform powered by Israel military-grade AI technology, multi-year telematics dataset, and Google data analysis tools.

Moreover, this comprehensive collision insurance solution is based on blockchain technology, thus offering every customer the high transparency and security that only blockchain can ensure and facilitating claim process completion at an unprecedented speed and low cost.

“Our goal is to complete the claim process including the payment through our application within 1h from the moment when photos of the accident are transferred,” comments Genadi Man, co-founder and CEO of the project.

“During this same hour the damage description and its evaluation with a confirmed cost sheet and a set repair deadline are sent to a repair shop. We are aiming high, but our goals lead to the transparent and calculated cost savings for millions of car drivers. In order to achieve our goals we need: profitability with the aggressive targeted policy. We are planning to acquire 0.5 mln clients through our ecosystem and reach the turnover 250M EUR by 2022.”

What is important to know is that Kasko2go relies on smartphone-based, fully tested, and operative technology. It has its roots in building cartographic databases on the territory of Russia. Besides, the unique data analysis algorithms based on huge statistical data collected over many years from onboard diagnostics (OBD) and controller area networks (CAN) have helped to create a unique scoring model. The experience of more than 3 million drivers contributed to the creation of that statistic database.

Kasko2go ICO details

The pre-ICO stage of Kasko2go’s crowdsale starts on May 15, 2018 and will be live until May 30, 2018.  The main ICO stage kicks off on June 7 and ends on July 7, 2018. The K2G total supply is capped at 600 million tokens, with only 335 million available for sale. The initial token price is set at 0.10 EUR, but the pre-sale investors will be entitled to a 15% bonus.

If you’re interested in the Kasko2go ICO, you can visit the official website or follow it on Twitter and Telegram.