PolicyPal Network

PolicyPal Network

Created using Figma
Created using Figma
PolicyPal Network is a platform built with a twofold vision of addressing key issues that overlap the fields of both insurance and cryptocurrencies.
  • Market
    Price
    Open 24H
    Range 24H
    Volume 24H
    Change 24H
  • Yobit
    one month ago
    $ 0.2000
    $ 0.2000
    L: $ 0.2000
    H: $ 0.2000
Sale
Apr, 2018
Apr, 2018
100% completed
$4 879 989
24% hard cap completed
Hard cap 20 200 000 USD
past
Token Details
Ticker
PAL
Accepted Currencies
ETH
Company Details
Registered Country
Singapore
Additional Details
KYC
Yes
Categories
Platform, Cryptocurrency, Health

About PolicyPal Network

PolicyPal Network is a platform built with a twofold vision of addressing key issues that overlap the fields of both insurance and cryptoassets in the world today.

  • Giving a peace of mind to the cryptocurrency community with CryptoProtect.
  • Providing the unbanked the access to protection with mutual aid insurance.
  • Brings transparency, accessibility and cost savings to all stakeholders.
  • Mitigate elements of conflict in traditional, centralized insurance models.

Features

  • CryptoProtect – Cyber security service in partnership with Insurers to protect cryptocurrency assets.
  • Inclusive Insurance for Emerging Markets
  • Smart Insurance Contracts - weather condition triggers, fraud detection, pricing algorithm adjustments, claims submission and payout.
  • Instant settlement and issuance of policies.
  • Secured blockchain design for privacy to protect sensitive policyholder details.

PolicyPal Network Roadmap

  • Q1 2018

  • Launch of Website and WhitePaper
    Announcement of Partnerships in emerging countries
    Proof of concept for CryptoProtect insurance with global insurer
    Alpha Release: PolicyPal Network on Ethereum Testnet
    Token Generation Event ("Token Generation Event").
  • Q2 2018

  • Alpha Release: PolicyPal Network on Ethereum Testnet with Partner in new country
    Beta Release: PolicyPal Network on Ethereum Mainnet with Partner in new country
    Alpha Release: Testing of CryptoProtect insurance with Partner
    Launch: Cryptocurrency insurance with Global Insurer
    Alpha Release: Testing of bonus in PYPL tokens with selected community members
    Launch: Bonus in PYPL tokens for members who purchase policies.
  • Q3 2018

  • Alpha Release: PolicyPal Network Blockchain
    Beta Release: PolicyPal Network Blockchain with Proof of Stake
    Launch: PolicyPal Network Blockchain with exchange of erc20 tokens onto PolicyPal Network Mainnet
    Launch: P2P Mutual Aid Insurance – Personal and Life Insurance on PolicyPal Network Blockchain.
  • Q4 2018

  • Further expansion of PolicyPal Network into other Asian countries
    Proof of concept for new insurance products with global insurer on Blockchain
    Launch: P2P Mutual Aid Insurance – Agriculture and Property Insurance on PolicyPal Network Blockchain
    New product ideas and ongoing iteration.

Activity

Activity:
1 386
VERY HIGH
Posts:
1 941
VERY HIGH
Views:
21 666
VERY HIGH
Activity:
1 386
VERY HIGH
Merit:
1 016
VERY HIGH
Posts:
1 941
VERY HIGH
Views:
21 666
VERY HIGH
Users:
448
HIGH
Posts:
819
VERY HIGH
Followers:
6 364
HIGH
Likes:
6 153
HIGH
Members:
15 443
VERY HIGH
Alexa
Rank:
1 716 175
VERY LOW
Delta:
767 673
Year commits:
5
Watchers:
4
Stars:
9
Forks:
1
Open issues:
0

Team

Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

Chief Strategy Officer
unverified
David Hoong
Head of Broking
unverified
Tech and Blockchain Lead
unverified
Software Engineer
unverified

Advisors

Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

6 ICOs

$19 270 066

Advisor
unverified

5 ICOs

$29 270 066

Advisor
unverified

4 ICOs

$4 870 066

Advisor
unverified

Last News

$ 0.0002
Coin Stats
Daily, %:
Weekly, %:
Monthly, %:
-95.51%
Market Info
Market Cap:
Volume 24h:
$ 21.090 M
Circ. Supply:
0 PAL
Ticker:
PAL
3.60
stable
5.0 14
ICO Profile Vision Activity Potential Product Team

PolicyPal Network Reviews

crushcrypto.com
reviews

Opportunities:
Having founded PolicyPal, the team has great connections in the Asian insurance industry and has proven their capability and innovation in the space. With a highly relevant track record under their belt, it is much easier to grow PolicyPal Network into a success.
Security is a huge concern for both individual and institutions in the cryptocurrency space. CryptoProtect is an insurance product targeting this problem and should have quick adoption because its target users are those already familiar with cryptocurrency.
The penetration rate for insurance is still very low for Southeast Asia compared to other regions. With PolicyPal Network’s offerings, the unbanked will have a much easier time signing up for insurance products and the potential is substantial.
The team has been very active in promoting the awareness of their project. They have recently completed a speaking tour in Asia.

Concerns:
As with any project developing their own blockchain, the development timeline is uncertain with delays being common. The release of the PolicyPal blockchain on the Ethereum mainnet is scheduled for in Q3 2018 but it could be delayed.
Although PolicyPal is a running company, PolicyPal Network itself does not yet have an alpha or prototype.

Conclusion:
Overall, we like both the short- and long-term potential of this ICO. Our thoughts of the tokens for short term and long term are as follows:
For ​short-term holding:
Good. The idea, team, progress, token metrics, and market awareness are all above average. With only 6,000 ether being sold in the crowdsale, we believe there will be unmet demand for the tokens.
For long-term holding:
Good. The team has a successful track record in the Asian insurance industry and is looking to replicate their success with PolicyPal Network. They already have the connections and network to expand beyond Singapore and we believe they have a good shot to be successful.
The Asian insurance industry is rapidly growing and the upside potential is substantial.

Read More
thetechinsider.org
News, reviews

Summary

Overall, PolicyPal is a good ICO, but it needs further explanation. It has a good vision, but there are a few gaps that are left out in its white paper. We’ll have to see how it performs to see if their team follows their promises.

Positives
Insurance Policy: PolicyPal’s insurance policies are protected by Ethereum’s blockchain technology. This makes it easier for your cryptoassets to stay protected from third parties and hackers.
Parent Company: Its parent company already has a physical location in Singapore and has a consumer base of 32,000 people.
User Incentive: You can gain PYPL tokens to protect your assets. Users are incentivized on this platform by validating others transactions and making sure they’re legitimate.

Negatives
Legal Issues: How will PolicyPal abide by local laws within each country? We would like to see further explanations on their legal issues.
No MVP: We were expecting an MVP with this product. Since it doesn’t have one, users are left confused as to how this project actually works.
Vague Claims: PolicyPal’s whitepaper can be confusing for people to read and their claims aren’t clear.

Read More
icoscoring.com
ICO review website

There is no even alpha version of the blockchain product. Roadmap is extremely ambitious, within 1 year almost everything have to be done.

Blockchain for this project is crucial technology. There is almost no other way to organize p2p insurance underwriting, especially for c2b model. Blockchain provide substantial cost benefits for this model and in fact could make insurance affordable for unbanked people and organizations in Asia. As a result, in best case project could become a market leader in this field. Also, insurance industry is conservative, as a result, we not expect expansion of huge top-tier companies on this segment of the market. This mean, that market competition in this segment would be small. At the same time, blockchain does not help first product line at all. In fact, it would be usual insurance product with crypto assets as a basis asset. Moreover, PolicyPal Network would be insurance broker on that market, as a result, there is no need for tokens at that segment.

First of all, project has adequate goals for fundraising. It could be compared even to VC valuation. Moreover, project raised an undisclosed seed funding from 500 Startups and a cohort of undisclosed angel investors 17,809 ETH worth at the closed pre-sale stage. In fact, only 6000 ETH is available for public sale. The financial model was not presented in this project, however, it is clear, that project would be partially insurance broker and p2p platform. Both of these models assumes earning commission from the operations at the platform. However, we would say, that first product is b2c and b2b, second product is c2b.

Founders have great, but mostly corporate experience.

Read More
icocrunch.io
кумшуц

Being an insurance broker in Singapore, PolicyPal has partnerships with such global insurance companies as AIG, Allianz, Income, Etiqa, and many more and currently has 32,000 users in Singapore. The project was one out of three startups selected by PayPal for their nine-month incubation program Singapore. One more their achievement is top 10 out of 400 startups selected by Startupbootcamp Fintech Singapore. The disadvantages are quite common for many ICO projects – unclear roadmap and the product which is not ready yet. Anyway PolicyPal Network has positive perspective.
PolicyPal Network is a solution aiming to bring insurance into two new spheres – cryptocurrency assets and emerging Asian markets for those who couldn’t afford insurance ever before.

Read More
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