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Black Insurance

Insurance

Overview

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.

Features

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.

Crowdsale

Pre-sale
Pre-sale start date 31 Jul 2018
Pre-sale end date 30 Aug 2018
Token Sale
ICO start date 31 Aug 2018
ICO end date 30 Sep 2018
ICO token supply 315,625,000
Soft cap 2,000,000 USD (fiat)
Hard cap size 45,000,000 USD (fiat)
Legal
ICO Platform 3
Registration Country Estonia
Token details
Ticker BLCK
Type Utility-token
Additional Token Emission No
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

Ratings

Type of scores
Score
Status
Hype score Low Active

Team members

Name
Position
Score
Social
Founder
NA
CTO and Blockchain Solution Architect
NA
Chief Operating Officer
NA
Founder
NA

Advisors

Name
Position
Score
Social
Advisor
1
Advisor
NA
Advisor
NA
Advisor
NA
Advisor
NA

Funding Rounds

Rating Review and Analytics

Investment rating Info NA
Hype score Info Low
Risk score Info NA
Black Insurance ICO Contacts
More on ICO
Ends in 4 days

$45,000,000

Start ICO 31 Aug 2018
End ICO 30 Sep 2018
Token BLCK
Price 1 BLCK = 0.2 USD
Product Type Marketplace
MVP Only design
Registration Country Estonia
Whitepaper View
Black Insurance (BLCK) widget
Rating Get this widget
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