I find that the reward structure is balanced. There's a use case, which is pretty rare. I'm waiting to hear more about the team. I started mining it from the beginning. They started the bounty campaign and I think if they can create a community, it could be a success.
Just found out that they have a partnership with INGOT Coin
https://medium.com/blackinsurance/black-ingot-coin-established-partnership-74cda60a906
Looks like this partnership with make it easier to exchange fiat and Black coins?