BLACK INSURANCE- Agent responsible for designing insurance products for the market

- May 24, 2018

Black is here to make a difference.

Black will use blockchain to transfer risk directly from the client

(the insured) to the financial supporter (Black Syndicate Token holder):

Minimize all inefficiencies

Store all data securely in blockchain

Transparent business operations using smart contracts

Faster innovation by platform members

Black will fundamentally improve the insurance industry. Black is an insurance platform like Lloyds of London in blockchain at no cost, delay and bureaucracy we are witnessing today.

The insurance business will be generated by a local MGA / Broker / Agent responsible for designing insurance products for the market, setting prices and selling products and managing claims handling. Delegating a business to a local agent creates a measurable Black business model while bringing business decisions closer to the end customer.

Black Insurance will use two types of tokens:

Black Platform Token (BLCK). BLCK empowers infrastructure, provides access to the platform and to vote on system updates to platforms (utility tokens). All platform users will use BLCK to manage insurance on the Black platform, and demand for BLCK will increase as more and more insurance businesses are done on the platform.

Black Syndicate Tokens (BST) (issued when the platform is ready). BST is an investment in insurance capital, and a special BST is created for each syndicate (security token), Profitability insurance portfolio for a particular syndicate will be forwarded to the holders of the BST.

The total prize allocation is 1% of all tokens issued

Total Bounty Budget will be allocated along with all bounty as follows:

Facebook - 15%

Twitter - 20%

Bitcointalk signature - 20%

Telegram - 10%

Reddit - 15%

Articles and blog posts - 20%

General requirements:

1 | The prize campaign starts at the creation of a string in Bitcointalk.

2 | 1% is allocated for prize, prize amount will depend on token sale result.

3 | The Bounty Manager can make a few changes in the Bounty Campaign if deemed necessary.

4 | Using multiple accounts, cheating, using others to do work and spamming or any kind of unethical behavior when participating in one campaign is not allowed and will disqualify you from all the gifts.

ICO Structure

Pre-Sales Start ____________ 7/31/2018

Period

Pre-Sales ___________ 30 Pre-Sale Hats _____________ $ 15,000,000.00 Pre-Sale Terms ___________

The first fee is 25% bonus and after the first week 20% bonus

Sales Token Start _________ 8/31/2018

Sales Period Token_________30 days

Soft Cap _________________ $ 2.000.000,00

Hard Cap________________ $

45,000,000.00 Token Symbol____________BLCK

Total Token Amount ____ 471,082,090

Exchange Value ____________1BLCK = 0.2 USD

Minimum Purchase ________ $ 100.00

Accepted Cryptos__________BTC, LTC, ETH

Adjustability______________ A dedicated token will be destroyed by a token contract.

The list___________________BLCK token will be registered on crypto exchange

Token Holder Benefits______BLCK can be used to pay for services on the Black platform. Black will guarantee that up to January 1, 2021 the service fee paid with BLCK will be at least 20% cheaper than the fees paid in other currencies.

Trade Restrictions Token_____Only Team and Advisors have a vesting and sales lock-in period

Token Distribution