BLACK INSURANCE

scherbatsky (7)in #blackinsurance • 6 years ago

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