InsureX (IXT) is the first blockchain-based insurance marketplace. It aims to transform the insurance sector that is being dictated by the slow and expensive legacy systems. ITX runs on the Ethereum blockchain and operates as a SaaS (Software as a Service ) platform. It wants to provide the users with easier access to a wide variety of products, lower commissions, and a more streamlined experience.

The platform allows the safe transferring of confidential documents and private information, such as financial or medical records through their wholly electronic and secure exchange. It can also be used for transaction fee payment or payment for data, yea rly subscriptions and API licenses.

IXT is a standard ERC20 token that is fully compatible with any Ethereum wallet. The company issues the IXT reward pool (IRP) which is a cryptocurrency pool that increases the stability and the market value of InsureX. Every holder of the IXT token is eligible for a share of IRP based on the number of tokens they own. The platform's activity powers the cryptocurrency pool, and every executed transaction has an associated fee, a portion, of which will be exchanged for on e of the ERC20 tokens and redistributed toward the reward pool.

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