Pal Network is known as a dual-layered protocol for financial assets, has listed its native currency PAL to one of the most trusted cryptocurrency exchanges of today, KuCoin.
PAL is now available for deposits with supported trading pairs such as PAL/BTC and PAL/ETH. Buying and withdrawal will commence at 20:00 UTC+8 while selling starts at 20:30 UTC+8.
All trading activities are to be done using KuCoin’s official mobile app or direct to their website at www.kucoin.com.
About Pal Network (PAL)
PolicyPal Network is a platform developed with a twofold vision of directing key concerns that overlap the areas of both insurance and crypto assets in the world today.
Powering the decentralized insurance network across diverse countries:
- Smart Insurance Contracts – weather condition triggers, fraud detection, pricing algorithm changes, claims submission and payout.
- Instant settlement and issuance of policies.
- Secured blockchain plan for privacy to protect sensitive policyholder details.
Mission And Vision
PolicyPal was originated with the goal of simplifying the control of insurance systems through digitization and overall intent of disrupting the insurance domain. As they updated their platform while constantly researching on channels for further innovation within the space, they deliberately zeroed in on blockchain technology and the huge possibilities it gives in uniting with insurance.
The conventional insurance landscape has not held pace with the changing needs of customers created by the boom of new technologies over multiple industries. A host of external and internal boundaries that turn around inefficient record-keeping legacy systems and opaque policy reconciliation methods to name a some are still hindering the insurance industry’s progress in developing further.
In response, the team considered the PolicyPal Network. PolicyPal Network is a platform created with a two-fold vision of addressing key issues that overlap the fields of both insurance and cryptocurrencies in the world today.
For more information about Pal Network, please visit https://www.pal.network
Images courtesy of KuCoin