The InsureX (IXT) token is the underlying token used in the InsureX market by the community, customers and partners to buy data and premium services. Starting on the 11th of July, the InsureX ICO will allow investors to purchase IXT tokens for Ether (ETH). A total of 100 million tokens will be available for purchase with a bonus schedule of of 36% that is given to the first buyers which diminishes down to 0% as more purchases are made. This ICO does not have an official escrow.
|Tier||Ether Amount||Number of Tokens||Bonus||IXT Per ETH|
|1||0 - 2,222||2,500,000||36%||1 ETH - 1,757 IXT|
|2||2,223 - 4,444||5,000,000||20%||1 ETH - 1,406 IXT|
|3||4,445 - 22,222||25,000,000||15%||1 ETH - 1,323 IXT|
|4||22,223 - 44,444||50,000,000||9%||1 ETH - 1,236 IXT|
|5||44,445 - 88,888||100,000,000||0%||1 ETH - 1,125 IXT|
The InsureX Initial Coin Offering also offers a bounty campaign.
Thursday 13th of July 2017 – InsureX Update: Due to the number of security attacks on our system over last two days, we have taken the difficult decision to halt our crowd sale with immediate effect. (...) The levels of funding we have received are enough to successfully execute our roadmap.