Black is a digital insurance company in blockchain. Black associates insurance entrepreneurs with capital. It influences blockchain innovation to bring majority rule government, straightforwardness and cost adequacy into a built up field that endeavors to meet the requests of the digital age. Black will settle the insurance business essentially. Black is an insurance platform like Lloyds of London on blockchain without the cost, deferrals and organization that we witness today.
Insurance business will be created by nearby MGAs/Brokers/Agents whose obligation is outlining insurance items for a market, evaluating and offering the item and sorting out cases taking care of. Designating business to neighborhood specialists makes the Black business demonstrate versatile while conveying business choices nearer to end clients.
Black Insurance will utilize two kinds of tokens:
Black Platform Token (BLCK). BLCK powers the foundation, giving access to the platform and for leading voting on system updates to the platform (utility token). All platform users will utilize BLCK for overseeing insurance on the Black platform, and interest for BLCK will increment as more insurance business is directed on the platform.
Black Syndicate Tokens (BST) (issued when the platform is prepared). BST is an investment in insurance capital, and a particular BST is made for each syndicate (security token), The productivity of the insurance portfolio for a particular syndicate will go through to its holders BST.
The Black Platform makes a blockchain ecosystem for each one of the individuals who will bring straightforwardness, majority rules system and effectiveness to the insurance business. It interfaces back up plans with imaginative thoughts for the capital they look for. All approaches are composed on blockchain, incredibly lessening exchange expenses and giving everybody a similar playing field to work together.
The Black Insurance Solution
Insurance organizations can set up virtual insurance organizations, get subsidizing and begin circulating creative insurance items. They can do this speedier than they do now. Time to advertise is diminished from 2 years to 2 months.
Clients advantage from new items that suit their necessities. Over that since exchange costs are lower, clients can appreciate a more reasonable cost. New and creative items get the market quicker. Clients have more options to look over.
Speculators can syndicate crowdfund syndicates without the need a lot of capital. Considerably littler financial specialists can put their investments in pots and appreciate an arrival from a steady and solid insurance portfolio.
HOW IT WORKS
Entrepreneurs list their insurance items.
Investors can build up and use investment syndicates by putting resources into tokens and distributing capital among different items.
Arrangement is composed in blockchain as brilliant contract.
Users approach unchangeable information (premiums sold, claims, benefits) on the platform.
Profits are disseminated naturally between token holders.
ICO structure
Pre-Sale Starts____________7/31/2018
Pre-Sale Period___________30
Pre-Sale Cap_____________$15,000,000.00
Pre-Sale Terms___________First week 25% bonus and after first week 20% bonus
Token Sale Starts_________8/31/2018
Token Sale Period_________30 days
Soft Cap_________________$2,000,000.00
Hard Cap________________$45,000,000.00
Token Symbol____________BLCK
Total Number of Tokens____471,082,090
Exchange Rate____________1BLCK = 0.2 USD
Minimum Purchase________$100.00
Accepted Cryptos__________BTC, LTC, ETH
Adjustability______________Undistributed tokens will be destroyed by token contract.
Listing___________________BLCK tokens will be listed on crypto exchanges
Token Holder Benefits______BLCK can be used to pay for services on Black platform. Black will guarantee that until 1st of January 2021 service fees paid with BLCK will be at least 20% cheaper than service fees paid in any other currency.
Token Trade Limitation_____Only Team and Advisors have vesting and sales lock-in periods
Token distribution
Bonuses
Pre-Sales
First week bonus______________25%
After first week bonus__________20%
Team
The team consists of veterans of the insurance industry and blockchain experts. It is a great blend of knowledge in the insurance industry, expertise in blockchain technology and crypto space. The founder has over 18 years of experience in insurance software and sees the urgent need for solutions that will democratize the field through technology.
For more Information please visit links below:
Website : https://www.black.insure/
Whitepaper : http://www.black.insure/whitepaper/
Twitter : https://twitter.com/BlackInsure
Facebook : https://www.facebook.com/blackinsure
Telegram : https://t.me/blackinsurebot
Bitcointalk : https://bitcointalk.org/index.php?topic=3372186.new#new
AUTHOR:Gambangcity
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