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Vernam

ICO Ended
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The world's first 0% commission insurance on the blockchain. Our goal is to revolutionize the insurance industry! We are probably the first company in the world ready to implement a high-end technological solution which will dramatically lower the cost of insurance services while making the business way more efficient and friendly for all parties-from End Clients to major Insurance Companies!

Vernam utilizes blockchain technology to provide:
1. Competitive online marketplace for conventional insurance products by the biggest insurance companies
2. Generous compensation - up to 30% of the policy premium in Vernam tokens (VRN) is returned to clients
3. “CryptoSafe” - a smart contract, guaranteeing that when a defined set of events occur, the client will be compensated with a certain amount of Vernam Tokens (VRN). The newest and most innovative blockchain based insurance product that Vernam will introduce.
9.8
TOTAL SCORE
9.6
ICO PROFILE

(weight: 45%)

10
SOCIAL ACTIVITY

(weight: 35%)

10
TEAM PROOF

(weight: 20%)

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General
Website: Visit
White paper: Read
Bounty: Bounty
Pre-sale Time: 15 May 2018 - 04 June 2018
ICO Time: 20 Aug 2018 - 20 Sept 2018
Whitelist/KYC: Whitelist + KYC
Country: Bulgaria
Token info
Ticker: VRN
Platform: Ethereum
Token Type: ERC20
Available for sale: 500,000,000 VRN (50%)
Total supply: 1,000,000,000 VRN
Financial
Raised $ 1,000,000
Pre-sale Price : 1 VRN = 0.051 USD
ICO Price: 0.0850 USD
Accepting: ETH, BTC, Fiat
Soft cap: 40,000,000 VRN
Hard cap: 500,000,000 VRN
2017
Founders joined efforts to change the insurance industry and started building the Vernam concept.
January, 2018
Concept was validated by experienced InsurTech executives, who later joined the team.
February, 2018
Angel investment received, start of platform development.
March, 2018
Start of the preparation for a token sale.
Q3, 2018
Listed on an exchange.
Q4, 2018
Vernam platform MVP launch and testing.

Q1, 2019
Vernam broker starting operation in several markets.
Q2, 2019
First CryptoSafe smart contracts signed. Vernam mobile app launch.

Q3, 2018
Development of additional smart contract insurance products.
2020
Operating on 8+ key European markets.
Last screenshot taken on 26 Mar 2020
Vernam ICO
Screenshots taken on 16 Mar 2018
PhD Student, MBA Roman Angelov
CEO, Co-founder
Takes part in this project only
Ivan Georgiev
Co-founder
Takes part in this project only
PhD Student, Dipl. Eng Dimitar Mitrev
Co-founder
Takes part in this project only
HBS MBA, Borislav Stefanov
Business Developer
Takes part in this project only
Vesselin Zahariev
Financial Expert
Takes part in this project only
PhD, Prof. Zhelyo Hristozov
Insurance Director
Takes part in this project only
René Rosenberg
German Operations
No participating data
George Matev
General Legal Counsel
Takes part in this project only
Nadya Kaloyanova
CMO
Takes part in this project only
Venimir Petkov
Blockchain & Crypto Expert and Developer
Takes part in this project only
Sevgin Mustafov
Blockchain & Crypto Expert and Developer
Takes part in this project only
George Spasov
Blockchain & Crypto Expert and Developer
Participates in several projects
Branimir Minkov
CTO
Takes part in this project only
PhD, Prof. Angel Doraliyski
Strategic Planning
Takes part in this project only
Milen Radkov
Blockchain developer
Takes part in this project only

Advisors (9)

Boris Cuchran
Insurance Expert
Takes part in this project only
Alexander Shirletov
Financial Expert
No participating data
Ivan Manchev
Marketing Advisor
Takes part in this project only
Nick Todorov
Blockchain & Crypto Expert
Participates in a number of projects
Nathan Christian
Advisor
Participates in a number of projects
Jason Hung
Advisor
Participates in a number of projects
Simon Cocking
Advisor
Participates in a number of projects
Theodor Tamvakidis
Advisor
Takes part in this project only
Borislav Iliev
Advisor
Participates in several projects
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