Black Insurance (BLCK)

Black is a digital insurance company on blockchain. Black platform connects insurance brokers directly with capital enabling them to launch their own virtual insurance companies.

Whitepaper

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What is Black Insurance

Black Foundation will sell the tokens on the market to cover costs of operation: Development, HR, admin, legal & marketing.

A surplus of tokens will be kept in the company reserve for occasions when costs rise and use of the platform is lower.

Black will ask Brokers to present their business plan. Black’s specialists will analyze the plan and consult with specialists in the local market if necessary.

Black Foundation will be issuing two types of tokens: Black Platform Token (BLCK; utility token) and Black Syndicate Tokens (BSTs; security tokens).

BLCK can be purchased and owned by any User account on the Public Blockchain network, while BSTs can only be purchased and owned by verified “Accredited Investors”.

BLCK will be used to pay for Platform Services, they do not earn a profit, and the total amount of BLCK will only shrink as they are burned by Black Foundation.

BSTs are investments created by Syndicates that will earn a profit, and the amount and types of BSTs will grow and shrink based on the different types of Syndicates that exist at any given time.