Hello everyone, in this new post I would like to introduce the Black Insurance project, and for more details, let's just go to the following discussion:
Black is Going to Disrupt the Insurance Industry
Black Insurance, a digital insurance company on blockchain, is opening historically centralized insurance market for crowdfunding.
Crowdfunded capital gives all investors first-of-a-kind investment opportunities to invest in stable insurance portfolios with long-term financial profits that so far have been shared among insurance companies and re-insurers. The Blockchain integration and tokenized process allows us distribute securities completely new way.
Watch this video...!
Black Insurance will use two types of tokens
Black Platform Token (BLCK). BLCK powers the infrastructure, providing access to the platform and for conducting voting on system updates to the platform (utility token). All platform users will use BLCK for managing insurance on the Black platform, and demand for BLCK will increase as more insurance business is conducted on the platform.
Black Syndicate Tokens (BST) (issued when the platform is ready). BST is an investment in insurance capital, and a specific BST is created for each syndicate (security token), The profitability of the insurance portfolio for a specific syndicate will pass-through to the holders of it’s BST.
| ICO structure | |
|---|---|
| Pre-Sale Starts | 1. October 2018 |
| Pre-Sale Period | 30 |
| Pre-Sale Cap | $2,000,000.00 |
| Pre-Sale Terms | First week 25% bonus and after first week 20% bonus |
| Token Sale Starts | 1. November 2018 |
| Token Sale Period | 30 days |
| Hard Cap | $5,000,000.00 |
| Token Symbol | BLCK |
| Total Number of Tokens | 80,000,000 |
| Tokens Sold in This Sale | 25,000,000 |
| Exchange Rate | 1BLCK = 0.2 USD |
| Minimum Purchase | $100.00 |
| Accepted Cryptos | BTC, LTC, ETH |
| Adjustability | All undistributed tokens of 80M will be destroyed by smart contract |
| Listing | BLCK token will be listed on crypto exchanges no later than January 10, 2019 |
| Token Holder Benefits | BLCK token serves as the only payment method to pay insurance premiums and services fees on Black platform |
| Token Trade Limitation | Only Team and Advisors have vesting and sales lock-in periods |
Token Distribution
ROADMAP
To find out more. You can connect more with Black Insurance at the link below:
WEBSITE
WHITEPAPER
FACEBOOK
TWITTER
TELEGRAM
Bitcointalk username: Aray80