I see there are many project join into insurance themes, what are the difference between your project and other project? What are your special features that others project didn't have?
You are right. There are many projects in insurance sector.
Black will be a licensed insurance company that provides insurance capacity to Agents, Brokers and MGAs enabling them to launch their own virtual insurance companies.
Insurance business will be generated by local MGAs / Brokers / Agents whose responsibility is designing insurance products for a market, pricing and selling the product and organizing claims handling.
Delegating business to local agents makes the Black business model scalable while bringing business decisions closer to end customers.
Black Insurance will use two types of tokens:
Black Platform Token (BLCK). All platform users will use BLCK for managing insurance on the Black platform, and demand for BLCK will increase as more insurance business is conducted on the platform.
Black Syndicate Tokens (BST) which is a security token. BST will be issued when the platform is ready.