📢 [ANN]Black Insurance digital insurance company on the blockchain

[chunt]

Hi Tpe2018, thanks for your interest!

We rely on Ethereum blockchain and private Hyperledger fabric

All Tokens created by Black Foundation will have deployments to Public Blockchain and to Private Hyperledger Fabric. Tokens deployed to Public Blockchain as Smart Contracts include functionality required for both the ERC20 and ERC223 specifications. Tokens deployed to Private Hyperledger Fabric will also include all ERC20 and ERC223 functionality, to establish a common definition between implementations on different Blockchains.

Do you know that Black Insurance is using a dual token model? Black Platform will issue BLCK and BST tokens.

[Tpe2018]

Hi Tpe2018, thanks for your interest!

We rely on Ethereum blockchain and private Hyperledger fabric

All Tokens created by Black Foundation will have deployments to Public Blockchain and to Private Hyperledger Fabric. Tokens deployed to Public Blockchain as Smart Contracts include functionality required for both the ERC20 and ERC223 specifications. Tokens deployed to Private Hyperledger Fabric will also include all ERC20 and ERC223 functionality, to establish a common definition between implementations on different Blockchains.

Do you know that Black Insurance is using a dual token model? Black Platform will issue BLCK and BST tokens.

Thanks for the information, what's the difference between blck and bst?

[chunt]

Hi Tpe2018, thanks for your interest!

We rely on Ethereum blockchain and private Hyperledger fabric

All Tokens created by Black Foundation will have deployments to Public Blockchain and to Private Hyperledger Fabric. Tokens deployed to Public Blockchain as Smart Contracts include functionality required for both the ERC20 and ERC223 specifications. Tokens deployed to Private Hyperledger Fabric will also include all ERC20 and ERC223 functionality, to establish a common definition between implementations on different Blockchains.

Do you know that Black Insurance is using a dual token model? Black Platform will issue BLCK and BST tokens.

Thanks for the information, what's the difference between blck and bst?

Black Platform Token (BLCK).  All platform users will use BLCK for managing insurance on the Black platform. Issuing policies, handling claims and other transactions will require the use of Black tokens (BLCK).   The demand for BLCK will increase as more insurance business is conducted on the platform. BLCK tokens will be available for sale during our ICO.

Black Syndicate Tokens (BST) (issued when the platform is ready). BST is an investment in insurance capital, and a specific BST is created for each syndicate (security token), The profitability of the insurance portfolio for a specific syndicate will pass-through to the holders of its BST.

The various uses of the BLCK token mean that the token economy model is  very different from a BST. The clear distinction between the two types  of tokens is intentional, as offloading the utility functions into a  separate token reduces potential conflict of interests between investors  and platform users. In addition, it makes regulatory compliance easier  in a number of jurisdictions. 

[Vedagnostik]

I want to thank chunt for the good work, all the answers are clear and informative. Some promotional actions are planned for the promotion of Black Insurance Iso, possibly participation in blockchain conferences, meetings and more?

[chunt]

Thank you for your support, Vedagnostik!

on 10 - 12 September, 2018, Black Insurance will attend Insurtech Rising Europe  in London https://finance.knect365.com/insurtech/speakers/risto-rossar

Feel free to follow us on Twitter to learn about our upcoming events! https://twitter.com/BlackInsure 

[Huobibi]

Black Platform Token (BLCK).  All platform users will use BLCK for managing insurance on the Black platform. Issuing policies, handling claims and other transactions will require the use of Black tokens (BLCK).   The demand for BLCK will increase as more insurance business is conducted on the platform. BLCK tokens will be available for sale during our ICO.

Black Syndicate Tokens (BST) (issued when the platform is ready). BST is an investment in insurance capital, and a specific BST is created for each syndicate (security token), The profitability of the insurance portfolio for a specific syndicate will pass-through to the holders of its BST.

The various uses of the BLCK token mean that the token economy model is  very different from a BST. The clear distinction between the two types  of tokens is intentional, as offloading the utility functions into a  separate token reduces potential conflict of interests between investors  and platform users. In addition, it makes regulatory compliance easier  in a number of jurisdictions. 

Great idea! since this is a security token, do you need license? do you only in certain countries?

[chunt]

Great idea! since this is a security token, do you need license? do you only in certain countries?

Thank you for your support, Huobibi!

We are going to sell security tokens when the platform is ready and we start raising funds for the first syndicate. By that time we definitely have all licenses needed to make this happen.   We’re cooperating with the Estonian governments crypto working group to see that by the time we start doing the Black STOs, the conditions would be as favourable as possible

[TokensMarketplace]

Hello,

We wanted to inform you that Black Insurance is now listed on Tokens Marketplace - https://tokensmarketplace.com/vendors/blackinsurance/

if you want to update your profile and change info about your token, please contact marketing@tokensmarketplace.com

Good luck to your project!

Yours,
Tokens Marketplace

[chunt]

Greetings,
Thanks for the ann thread! I wann know guys what is the minimum amount needed to invest in order to join the sale? Thanks in advance for your answer! )

Hello hegie_paul, thank you for your interest! The minimum amount is $100
Black Insurance ICO will start in October 2018, please feel free to register now to enjoy 25% bonus!
https://tokensale.black.insure/register

[martparve]

Black Insurance is already rated by Cryptolaboratory. All facts are here. Don't miss it! 

Thanks! I would point out that the ratings that you link to have improved meanwhile, e.g. ICOBench is up at 4.9 points now

[c4cat]

Thank you for your support, Ak2017!

We will start with the European markets for 2 reasons: 1) the easiest place in the world to get the insurance license 2) our contacts are mainly EU based. We’re of course also looking into US market.

Black Insurance ICO will start in October 2018, please feel free to register now to enjoy 25% bonus!
https://tokensale.black.insure/register

How about the other countries? Asia?

[chunt]

Thank you for your support, Ak2017!

We will start with the European markets for 2 reasons: 1) the easiest place in the world to get the insurance license 2) our contacts are mainly EU based. We’re of course also looking into US market.

Black Insurance ICO will start in October 2018, please feel free to register now to enjoy 25% bonus!
https://tokensale.black.insure/register

How about the other countries? Asia?

Hello c4cat, While we will have our own insurance license only in Europe, to start with, we can do business in other regions by using a "fronting insurer" (basically a local insurer lends its license for a fee that's usually 3-5%), or through Lloyds of London license. 

[Colibra]

Black Insurance is already rated by Cryptolaboratory. All facts are here. Don't miss it! 

Thanks! I would point out that the ratings that you link to have improved meanwhile, e.g. ICOBench is up at 4.9 points now

I just had a look at ICOBench and didn't find any experts rating for the projects. Strange indeed! The project is so prominent but we still can't read a feedback about it and posted online.

[chunt]

Black Insurance is already rated by Cryptolaboratory. All facts are here. Don't miss it! 

Thanks! I would point out that the ratings that you link to have improved meanwhile, e.g. ICOBench is up at 4.9 points now

I just had a look at ICOBench and didn't find any experts rating for the projects. Strange indeed! The project is so prominent but we still can't read a feedback about it and posted online.

Hi Colibra, expert rating is voluntary and not mandatory for all ICOs on ICOBench, of course, we look forward to and welcome experts on ICOBench to provide their feedback too. 

[martparve]

Black Insurance is already rated by Cryptolaboratory. All facts are here. Don't miss it! 

Thanks! I would point out that the ratings that you link to have improved meanwhile, e.g. ICOBench is up at 4.9 points now

I just had a look at ICOBench and didn't find any experts rating for the projects. Strange indeed! The project is so prominent but we still can't read a feedback about it and posted online.

I find it quite curious as well. There has been a lot of talk that the ICOBench experts only rate ICO-s that pay them loads of money. In this regard, I'm wondering what's the true value of these ratings? "I approve of this ICO since they paid me 2 BTC"...?

Anyhow, I'll ask our team to reach out to some experts to see if they play ball.

Considering how many complete scam ICO-s there are out there, and that we have a legit team with loads of industry background, they well should look into our ICO, don't you all think?

Black Insurance is already rated by Cryptolaboratory. All facts are here. Don't miss it! 

Thanks! I would point out that the ratings that you link to have improved meanwhile, e.g. ICOBench is up at 4.9 points now

I just had a look at ICOBench and didn't find any experts rating for the projects. Strange indeed! The project is so prominent but we still can't read a feedback about it and posted online.

I find it quite curious as well. There has been a lot of talk that the ICOBench experts only rate ICO-s that pay them loads of money. In this regard, I'm wondering what's the true value of these ratings? "I approve of this ICO since they paid me 2 BTC"...?

Anyhow, I'll ask our team to reach out to some experts to see if they play ball.

Considering how many complete scam ICO-s there are out there, and that we have a legit team with loads of industry background, they well should look into our ICO, don't you all think?

Glad to announce that the first ICOBench review is in, and it's not too shabby at all Hope to get some more during the next days.

https://icobench.com/ico/black-insurance/ratings#ratings

[moderator's note: consecutive posts merged]

[chunt]

Good morning,  Hello to everyone! I still need to study the whitepaper of this business. But what payments methods can I use in order to buy your tokens for holding?

Hello Globcharmonthce, thank you for your support!

We accept ETH, BTC or LTC and BLCK coins can be stored in ERC20 wallets, such as Myetherwallet, ImToken, etc.

Black Insurance ICO will start in October 2018, please feel free to register now to enjoy 25% bonus!
https://tokensale.black.insure/register
 

[Ak2017]

Good morning,  Hello to everyone! I still need to study the whitepaper of this business. But what payments methods can I use in order to buy your tokens for holding?

Hello Globcharmonthce, thank you for your support!

We accept ETH, BTC or LTC and BLCK coins can be stored in ERC20 wallets, such as Myetherwallet, ImToken, etc.

Black Insurance ICO will start in October 2018, please feel free to register now to enjoy 25% bonus!
https://tokensale.black.insure/register
 

How long will the ICO be? Will there be bonus given for users who register from Oct 2018 onwards?

[chunt]

How long will the ICO be? Will there be bonus given for users who register from Oct 2018 onwards?

Hi Ak2017! Pre-sale will run throughout October 2018, main sale will start on 1st November 2018 and run for 30 days.

You  may refer to the following illustration of the bonus tiers, let us know if you have any other questions! 
https://i.imgur.com/GKePOU0.png

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.

thank you for your support, Withcofemo!

Black Insurance team is run by team members who have done insurance tech business for 18 years, having founded 5 insurance startups, 3 of them very successful: iizi, insly and premfina!

Feel free to read more about the team members on: https://medium.com/blackinsurance
Our founder - Risto https://medium.com/blackinsurance/meet-risto-the-founder-of-black-insurance-d87945ecfc7b

[moderator's note: consecutive posts merged]

[Tpe2018]

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?

[chunt]

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?

Hello Tpe2018, yes, Black and INGOT Coin are now looking at the different scopes in which both Utilities can be used and accessed together. There are several diffferent integration methods both ICOs can work on, especially the one that can allow access to Black and INGOT Coin tokens from the same platform.