Marketplace For Insurance Brokers and Investors on Blockchain
Our virtual insurance connects brokers directly with investor.

We make a difference
Black will use the blockchain to transfer risk directly from clients(insured) toi financial backers(Black Syndicate Token Holders) :

• Efficient
• Data saved with safety in blockchain
• Transparant
• Innovative

Black is a platform insurance free of charge, free delay and bureaucracy.

There are two types of tokens used:

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)

BLCK Token details
Token Name : Black Platform Token
Token Symbol : BLCK
Maxsimum supply assuming that all tokens are sold with maximum discount : 575,000,000
Soft Cap : US $2,000,000
Hard Cap : US $45,000,000

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.

HOW IT WORKS :

• Entrepreneurs list their insurance products.
• Investors can form and capitalise investment syndicates by investing in tokens and allocating capital between different products.
• Policies are written on blockchain as smart contracts.
• Users have access to immutable data (premiums sold, claims, profit) on the platform.
• Profits are automatically distributed amongst the token holders.

USE OF FUNDS & TOKEN DISTRIBUTION

TOKEN DISTRIBUTION

55% tokens distributed at sale
12% tokens kept in reserve
26% team
6% advisors
1% bounty

ICO structure

Pre-Sale Starts
1 October 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
1 November 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

Tokens 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 smart contract

Listing
BLCK tokens will be listed on crypto exchanges

Token Holder Benefits
BLCK token serves as the only payment method to pay insurance premiums and services fees on Black platform.

Token Trade Limitation
Only Team and Advisors have vesting and sales lock-in periods

OPPORTUNITY

Black can bring the costs down to 5-10% with blockchain technology.

Insurance industry

Admin costs on average up to

Potential global savings up to

ROADMAP

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