The attention PolicyPal have received is impressive, not that many icos with so much interest! And i saw myself in telegram how they for a long period have rejected bigger investors trying to get in via pre sale as they have been clear that they will allocate a portion for normal ico where we all get a chance. They closed whitelist quite fast, but if not the individual cap would be too small, so im quite happy with the process.
Can I understand that this project was carried out under the supervision and management of the Singapore government agencies? I think this indicates that this is a great project, which is why it will attract so many people to participate.
Yes, their company registered in Singapoure. And as manager said:
PolicyPal is an Monetary of Singapore (MAS) Licensed Insurance Broker and Exempted Financial Advisor that enables individuals to buy, manage and optimise their insurance policies.
To date, PolicyPal has accumulated a user base of over 32,000 in Singapore alone since launch of product 12 months ago. We are also Singapore's first and only graduate from the MAS fintech regulatory sandbox.
Also, they have a working company. You can look their activity, jobs, partnerships in facebook since 2016
https://www.facebook.com/hipolicypal/