Go2Solution: Groundbreaking approach to car insurance
Tailors car insurance to individual customer needs with unprecedented, blockchain-ensured transparency
Entrepreneur, founder of Telesens KSCL AG—one of the leading telco billing companies worldwide with 1600 employees in 13 countries, responsible for revenue of about EUR 300m. Founded ManOilGroup AG. As the Chairman of the Board Mr Man headed the company which specializes in technologies for large-area treatment of oil spills and oil sludge.
Senior Risk Manager
Mr Wulich successfully implemented a large-scale global project to introduce a valuation engine for Risk Assessment of Life Policies. He has more than ten years of experience as Senior Risk Manager with a Leading Global Reinsurance Company. Under his leadership, a unique monitoring functionality for usage and cost of financial market data was initiated, designed and implemented. Mr Wulich also successfully managed the implementation of the cash flow discounting methodology for risk management and economic valuation purposes.
Co-Founder, Board Member
Expert in business and finance. Worked for KPMG Fides in Zurich. Served as a team member of the Commerce section of the Swiss Embassy in Moscow. In 2009, founded the company Vera Capital Advisors AG in Switzerland, focusing on financial and business solutions for Swiss companies.
Investor Relations Advisor
Denis Dovgopoliy is a managing partner of GrowthUP Group, as well as co-founder and president of the GrowthUP Accelerator, which focuses on acceleration and investment in Eastern European startups looking to enter the global market. He has designed a 45-hour authorial course, partially licensed by various regional accelerators for tech entrepreneurs. Prior to GrowthUP Group, Denis held C-level positions and completed several exits with Ukrainian companies.
- Crowdsale (50%)
- Company (27%)
- Team (10%)
- Advisors and ambassadors (8%)
- Referral tokens (5%)
Cost of the token1 token for 0.1 Euro
Price without discounts
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Do we already have an application?
Our application is in use by 25,000 people. You can download the latest version of the app in the AppStore or GooglePlay. And our development team is constantly working on updates.
Why do we use blockchain technologies?
Blockchain provides us with the technology that makes insurance faster, cheaper, safer and fairer. First, we prevent fraud by filing each claim in a blockchain, which makes double-claiming close to impossible.
Next, paying out with K2G tokens allows reduction of transaction costs compared to traditional payment methods; and therefore we offer lower prices. Also, transactions are faster.
Finally, placing the agreement in smart-contracts ensures trustworthy conditions and purchase protection.
Ultimately, we have created a competition-encouraging marketplace for insurance services, giving a fair-price incentive to participants.
Will insurance become more expensive as the token value grows?
No, the token quantity stays the same while the ecosystem grows. More market participants means competition, means lower prices. Simultaneously, each new participant indicates demand growth.
Why have we created a competitive environment?
We benefit from competition for several reasons. We benefit from infrastructure growth as new agents come in. This promotes the infrastructure and invites new participants into the system with a fixed token quantity. Simultaneously, our technologies are, at present, unique, offering the most profitable solutions for customers. Transparent competition gives us the incentive to expand with new developments.
What is the K2G token and how does it work?
The Kasko2go token (K2G) will be the fuel of the Kasko2go ecosystem used by customers and Kasko2go third-party business partners worldwide. For each drive conducted via the Kasko2go platform, the K2G token will be used. The use of blockchain will allow Kasko2go to uniquely identify insurance assets and transfer the information to other types of businesses via a digital record.
What is the price of a K2G token?
€0.10 for the pre-sale moment. After pre-sale the K2G price will depend on market conditions.
Which currencies will be accepted on the launch of the token?
BTC, ETH, EUR, and USD.
What benefits do K2G token holders have?
One of our most important benefits is immediate access to the fast processing system, which means insurance claims are paid promptly, unlike traditional payment systems.
What are the Restricted Countries?
Afghanistan, Algeria, Angola, Bangladesh, Bolivia, Burundi, Cambodia, Cameroon, Central African Republic, Chad, Congo, Cote d’Ivoire, Cuba, Egypt, Equatorial Guinea, Eritrea, Ethiopia, Gambia, Guatemala, Guinea, Guyana, Haiti, Iran, Iraq, Kenya, Laos, Lebanon, Liberia, Libya, Maldives, Mauritania, Nicaragua, Niger, North Korea, Palestine, Rwanda, Sierra Leone, Somalia, Sudan, Syria, Tajikistan, Tanzania,Turkmenistan, Uganda, United States, Venezuela, Yemen, Zimbabwe.
What will happen to unsold tokens?
They won`t be issued.
Where is our team based?
We have a big international team. The asset management and strategic planning departments are based in Liechtenstein. The Business Operations Department is in Switzerland; fraud detection system development is in Israel; R&D and software development, and sales and business operations are in Russia.
Why do you make an ICO instead of traditional investing?
CAC (Customer Acquisition Cost) is the main customer acquisition cost indicator in the insurance sector. On the global average, CAC varies from EUR 500 to EUR 1000 per customer.
The goal of Kasko2go is to acquire one million customers in three years. The total minimum CAC budget would be EUR 500 million on the traditional insurance model. No venture capital fund finances a customer acquisition budget in the amount of a minimum EUR 500 million. The only solution to help achieve the goal set by the Kasko2go management of acquiring a certain number of customers in the given time limit (1 million over three years) is a token-using blockchain. Tokens serve here as a tool for rewarding new and retaining existing customers.
This is our tool to effectively reduce CAC.
According to our financial plan, our CAC budget is as follows:
1. 100 million tokens for the customer reward programme and
2. EUR 5.7 for traditional marketing costs within CAC
This budget will help to reach the first 400,000 users. This corresponds to EUR 200 million of costs for CAC in the traditional insurance business model.
We have developed a mathematical model to put a limited number of tokens into blockchain circulation. The token circulation under the reward programme increases their market demand.
Thus, tokens become an attractive asset even for those using our application in demo mode. In the years following, the customer reward programme will be gradually reduced by increasing token demand while expanding the number of users up to 1 million.
What about KYC and AML policy?
In the sales environment, a two-tier verification and identification process allows to identify the acquirer and accomplish the contribution.
On our landing page an investor fills out the KYC application form to go through KYC due diligence. We ask investors to provide the information regarding Country, Personal Contact, Address, Identification and answer questions about the source of funds. The stages of the due diligence are as follows:
1. Collecting Information: investor is to provide information to perform KYC.
2. Reviewing and Submitting Information: investor is to review entered information and submit it.
3. Next Steps: the user is routed depending on the declared contribution: the investor of the equivalent of EUR 9,999.99 and less proceeds to the document verification. This stage involves IP geo check, name/address match, sanction Screening, BTC/ETH address reputation check. Investor of the equivalent of EUR 10,000 and above is routed to an additional validation procedure.
4. Document verification: documents are uploaded according to selected document type including document issuing country.
Beyond KYC, it is of paramount importance for kasko2go (Liechtenstein) AG to conduct an ICO in compliance with applicable AML regulations and expectations. Management involved in the ICO process have received AML training, which is particularly important for the pre-sale phase.
After the data and documents have been provided, the KYC-Manager takes one of the following KYC decisions:
2. Manual Review
Sanctions Screening of Individuals:
Through our plugin tool we have secured access to an extensive database of politically exposed persons (PEPs), threat finance organizations and actors, including terror financiers, state sanctions evaders, arms proliferators, and narco traffickers. These organizations and actors are effectively blacklisted under the scope of OFAC, but are not currently included in any commercially available lists. This database expands OFAC designations by upwards of 55%, with tiered risk thresholds.
Sanctions Screening by Countries:
Due to regulatory and political factors, and to comply with international sanctions, kasko2go (Liechtenstein) AG’s ICO does not accept acquirers domiciled in any of the following countries: Afghanistan, Algeria, Angola, Bangladesh, Belarus, Bolivia, Burundi, Cambodia, Cameroon, Central African Republic, Chad, China, Congo, Cote d’Ivoire, Cuba, Egypt, Equatorial Guinea, Eritrea, Ethiopia, Gambia, Guatemala, Guinea, Guyana, Haiti, Indonesia, Iran, Iraq, Kenya, Kyrgyzstan, Laos, Lebanon, Liberia, Libya, Maldives, Mauritania, Myanmar, Nepal, Nicaragua, Niger, North Korea, Pakistan, Palestine, Philippines, Rwanda, Sierra Leone, Somalia, Sudan, Syria, Tajikistan, Tanzania, Thailand, Turkmenistan, Uganda, United States, Uzbekistan, Venezuela, Yemen, Zimbabwe.