What is it?

Vernam is a decentralized platform, based on blockchain technology, connecting various stakeholders in the insurance industry – customers, brokers, and insurance companies, which will use blockchain technology to make the insurance process less costly, fully transparent and much more convenient.

Official Explainer Video

Vernam Details

Blockchain Ethereum (ERC20)
Proof Type Not mineable
Team Location Sofia, Bulgaria
First Announced March 9, 2018

Main ICO Details

ICO Start Date May 14 | 12:00 pm UTC
ICO End Date Jun 18 | 12:00 pm UTC
Soft Cap 40,000,000 VRN
Hard Cap 500,000,000 VRN
Contribution Size Min: 0.1 ETH; 0.01 BTC; 1k USD
Total Supply 1,000,000,000 VRN
Investor Supply 500,000,000 VRN
ICO Conversion 1 VRN = 0.085 USD 1 VRN = 0.072 USD (> ETH 15)
Bonus Structure 15% (> ETH 15)
Supply Distribution 50% Token Sale* 20% Cryptosafe insurance fund 15% Foundersand team 7% Advisors and ambassadors 5% Liquidity pool 3% Bounty and airdrop .......... *Unsold tokens will be burned.

Pre ICO Details

Registration Required
KYC Required
Pre-ICO Start Date May 8 | 9:00 am UTC
Pre-ICO End Date May 14 | 12:00 pm UTC
Pre-ICO Conversion 1 VRN = 0.051 USD Three hot hours 1 VRN = 0.068 USD Day 1 1 VRN = 0.077 USD Day 2-7
Pre-ICO Bonus 40% Three hot hours 20% Day 1 10% Day 2-7

Vernam Founding Team

Registered Company Name Vernam Group Ltd [Reg. No. 205007770]

Registered Country Bulgaria

Roman Angelov

CEO, Co-founder

Ivan Georgiev

COO, Co-founder

Dimitar Mitrev

CBDO, Co-founder

Ivan Todorov

Cybersecurity Expert

Vesselin Zahariev

Financial Expert

Zhelyo Hristozov

Insurance Expert

Borislav Stefanov

Business Developer

Boris Cuchran

Insurance Expert

George Matev

General Legal Counsel

Dr. Alexander Shirletov

Financial Expert

René Rosenberg

German Operations

Ivan Manchev

Marketing Expert