 | Black Insurance (BLCK)ICO  To be announced 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. IMPORTANT: By investing in this business you agree to ourDisclaimer. All information including our rating, is provided merely for informational purposes. CryptoTotem does not provide investment advice. |
Overview
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OpenWhat 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. Blacks 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.
DetailsPre-sales: Jul 31, 2018 - Aug 30, 2018Public sales: Aug 31, 2018 - TBA Token supply: 315625000 Soft cap: 2,000,000 USD Hard cap: 45,000,000 USD LegalBlockchain Platform: EthereumRegistration country: Estonia Office address: Lõõtsa 8, Tallinn, Estonia BountyBounty: 1%Social media: 60% Bitcoin talk signature campaign: 20% Other: 20 | Token infoTicker: BLCKType: Utility-token Token standard: ERC-20 Token price in USD: 1 Token = 0.200000 USD Accepted currencies: BTC, ETH, LTC Bonus program: Pre-Sales: First week bonus: 25% bonus After first week bonus: 20% bonus Main Sales: Day 1: 15% bonus Week 1: 11% bonus Week 2: 7.5% bonus Week 3: 3% bonus Week 4: 0% bonus Token distribution: 67% - Sale 26% - Team 6% - Advisors 1% - Bounty Funds allocation: If $2 mln+ raised: 35% - IT & development 20% - Marketing & Sales 15% - Admin & Operations 10% - Legal 20% - Reserve & Unexpected Costs If $10 mln+ raised: 18% - IT & development 20% - Marketing & Sales 10% - Admin & Operations 7% - Legal 15% - Reserve & Unexpected Costs 30% - Licensing insuer |
Black Insurance Roadmap
Platform tech demo using Fabric+Composer.
Whitepaper, Released to Public.
MVP, Demo ready for Investors.
Black DAO launchedn on Ethereum.
Alpha, Platform accepting first Users.
ICO
BLCK token listed on exchange(s)
First Syndicate management agreement signed
Beta, Platform ready for pilot projects
First insurance policy sold
Black gets its own insurance license in EU
$300 million insurance premiums sold
Black's model of insurance becomes mainstream
Project team
Social media
