BLACK INSURANCE - Marketplace For Insurance Brokers and Investors on Blockchain
Hello everybody, today i will talk about a new cryptocurrency platform that has innovative solutions for insurance brokers and investor based on blockchain. The platform named Black Insurance and lead by Risto Rossar as CEO. Black is going to fix insurance by introducing a democratic, blockchain-based marketplace for creating virtual insurance companies that can design and sell their own, innovative insurance products. These products will be backed by security tokens issued in the future ICO-s, allowing crypto investors to tap into insurance profits.
Black will use the blockchain to transfer risk directly from clients (insureds) to financial backers (Black Syndicate Token holders):
- Minimizing all inefficiencies
- Storing all data securely in blockchains
- Transparent business operations using smart contracts
- Faster innovation by platform members
Black Has 2 Type Tokens!
1. BLACK PLATFORM TOKEN (BLCK)
This insurance uses BLCK for its management. more and more insurance business is being carried out on the platform because of the many requests for BLCK. BLCK service fees paid to Black Foundation, will be split between the following: BLCK Token details Burn the tokens Keep the tokens in reserve on the Black balance sheet Sell the tokens back to market (to fund ongoing operational costs).
2. BLACK SYNDICATE TOKENS (BST)
Issued when the platform is ready. BST is an investment in insurance capital.
BST is specifically made for each syndicate (security token), the insurance portfolio profitability for certain syndicates will be forwarded to the BST holder.
The Black Insurance Solution
Insurance associations can set up virtual insurance associations, get sponsoring and start circling imaginative insurance things. They can do this speedier than they do now. Time to promote is lessened from 2 years to 2 months.
Customers advantage from new things that suit their necessities. Over that since trade costs are lower, customers can value a more sensible cost. New and imaginative things get the market speedier. Customers have more choices to investigate.
Theorists can syndicate crowdfund syndicates without the need a great deal of capital. Extensively humbler money related experts can put their interests in pots and value a landing from a consistent and strong insurance portfolio.
HOW IT WORKS
- Business visionaries list their insurance things.
- Financial specialists can develop and utilize speculation syndicates by placing assets into tokens and disseminating capital among various things.
- Course of action is created in blockchain as splendid contract.
- Clients approach unchangeable data (premiums sold, claims, benefits) on the stage.
- Benefits are spread normally between token holders
ICO structure & Token Distributions
- Pre-Sale Starts : 10/31/2018
- 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 : 11/1/2018
- Token Sale Period : 30 days
- Soft Cap : $2,000,000.00
- Hard Cap : $45,000,000.00
- Token Symbol : BLCK
- Total Number of Tokens : 575.000.000
- Token Sold in this sale : 316.250.000
- 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
Please follow below links for more information:
Website | Lightpaper | Whitepaper | Twitter | Facebook | Telegram | Bitcointalk | Linkedin
Posted by:
Bitcoin Talk username : maniak kemsut
Profile Link : https://bitcointalk.org/index.php?action=profile;u=2132482
Wallet : 0xD1182fe4B8ae5E4D7801f6B851374E3F3A2d6A04
Thank you & love to see you back!