Vernam - The Future Of Insurance

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!

STO/ICO Status

Start Date
End Date
Soft Cap
40,000,000 VRN
Hard Cap
500,000,000 VRN
Initial Price
1 VRN = 0.085 USD
Token Supply
STO/ICO Website Owner of Vernam?
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AcceptingETH, BTC
Circulating Supply50%
Restricted AreasN/A
HomepageWebsite URL
White PaperView/Download


  • Pre-ICO Power your - 40 %
  • PRE- ICO day 1 - 20 %
  • PRE- ICO day 2-7 - 10 %


Our goal is nothing less, but to revolutionize the insurance industry!

We are 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!

For this purpose we developed Vernam!

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.

An unexpected reality?

Insurance is one of the largest global industries ($ 4.73 trillion in 2016), but its business model has not changed significantly over the last several centuries, while its technologies have long become outdated. That is why our plan is to make the next evolutionary step and digitalize the industry.

The status quo today

Big insurance companies depend on brokers to bring their products to end customers. In exchange, brokers receive generous compensation up to 30% of the policy premium – for performing relatively low value-added services.  Imagine if End Clients don’t need to cover the broker’s commission and instead they receive his reward straight into their pocket? Vernam is about to make this possible.

Our Solution

The use of a shared ledger will prevent any possibility for data manipulation, increasing transparency and minimizing transaction costs. Besides the engine, a proprietary off-chain marketplace will use the Vernam token (VRN), an Ethereum-based ERC20 standard crypto token to take full advantage of the platform functionality.

Here’s how

Clients, purchasing conventional insurance through the Vernam platform will receive a reward in VRN tokens, equal to a typical broker’s commission (up to 30% of the premium price). Tokens can be sold on an exchange or used for the purchase of conventional and crypto insurance products.

And there is even more!

“CryptoSafe”, a crypto product, only available through the  Vernam platform. Each platform user will be able to purchase the “CryptoSafe”, which is a type of a smart contract, guaranteeing that when a defined set of events occurs, the client will be compensated with a certain amount of VRN. An intelligent way to create even safer environment.

Would you like to participate in the future of insurance NOW?

In total 1 billion Vernam tokens will be created and 50% will be sold at the token sale event. The proceeds will be used to develop the blockchain platform and to implement the platform on key markets, depending on size of the funds raised.

We unite the best of both worlds. Vernam platform users will be able to make conventional insurance through our own network of brokers, including Vernam company itself, and/or to purchase “CryptoSafe”, the newest and most innovative blockchain based insurance product that Vernam will introduce.


Roman Angelov
Roman Angelov
CEO, Co-founder
Ivan  Georgiev
Ivan Georgiev
COO, Co-founder
Dimitar Mitrev
Dimitar Mitrev
CBDO, Co-founder
Borislav Stefanov
Borislav Stefanov
Business Developer
Vesselin  Zahariev
Vesselin Zahariev
Financial Expert