Topic: 📢 [ANN]Black Insurance digital insurance company on the blockchain - page 2. (Read 8006 times)

Wow that's really good. Sounds promising! Enjoy and get the most of the opportunities Good luck!

Black insurance team is composed of professional veterans in insurance industry and also they are expert in blockchain as well. I like the project idea on how insurance  industry will be transformed to blockchain infrastructure in the future. The usage potential of this project is huge since it will have a positive impact on the insurance industry. But the team should improve their marketing support for this project to be known globally.

BLCK is a utility token, not an investment asset. Therefore, we don’t make any predictions over its future price. However, below we have laid out the main factors behind the BLCK tokenomics. The interplay of these components, a well-defined utility of BLCK on the platform and its associated intrinsic value contribute to higher economic sustainability of BLCK compared to crypto tokens that lack a clear connection between their utility and intrinsic economic value.

Speculation and Investment Component. This component reflects market expectations of the future platform development and BLCK demand and the willingness of investors to hold tokens for investment and speculation purposes in response to their expectations. The speculative interest varies according to the post-ICO promotion of the token, and to the degree to which Black Insurance meets its business goals.

Governance Staking Component. This component reflects the need of different stakeholders (namely, the ones that take role in syndicate governance) to hold BLCK for staking purposes as a guarantee of their honest behavior, and for the occasional need to deposit tokens as a warrant for potential conflict resolutions. The influence of this component becomes stronger as the number of syndicates and their size and complexity increases.

Convenience and Fee Mitigation Component. This component reflects the willingness to hold BLCK instead of fiat, or other crypto tokens, for convenience and in order to avoid exchange fees by accepting market price risk.

Transaction Volume Component. The more transactions are executed, the more demand there is for the tokens used in transactions as one of the major price formation components and driving factors.

How about the price on exchanges?

Hello Huobibi, yes BLCK coins will be listed on the exchanges in the future, stay tuned for more announcements

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

The price is USD 0.20/token during the ICO

Will BLCK coin be listed on exchanges? What will be the price?

We have some team videos on the Youtube channel, and a few new ones are coming soon.

For instance, we just posted a video with our advisor Taavi Kotka, who is the de facto founder-CEO of something called "Estonian e-residency". Go ahead, google it, it's kind of a big thing

https://www.youtube.com/watch?v=hmYlUQEU3tw

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

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

You're welcome! Tokens Marketplace lists only the best ICO project, and Black Insurance is certainly one of them

If you need any additional info, feel free to contact us!

Thank you for your support, FeiibuuMar!

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

Have you participated in any insurtech ICO before?

Hello, thank you for listing Black ICO on https://tokensmarketplace.com 

At a given moment, when the market is starting this very good business. After all, when the market is restored, all plans make sense for a normal upward movement. Promising project, no doubt

That is very true, StevenAnt! BST security token is the first of its kind, but Black Insurance has a robust system in place to minimize risk.

How do we making sure that the Brokers are bringing profitable business?

We will make sure that with each Broker we are using at least 3 of the following methods to be
confident that the Broker will bring profitable business to Black.

Sound business plan - Black will ask Brokers to present their business plan.  Black’s  specialists  will  analyze  the  plan and consult with specialists in the local market if necessary.

Skin in the game - In order to align the interests of Brokers and Black, the Broker has to have their skin in the game. The Broker must pay a deposit of 5 - 25% of  planned  Gross  Written  Premiums  to  Black that will be used to cover the losses in case the business is unprofitable. In case the loss of the
insurance portfolio exceeds 2x the deposit then the Broker is required to fill in the deposit or he
can not write new business anymore

Black’s own underwriting know how - Over time Black will gather large quantities of data from different markets, and by analyzing it with machine learning and AI, Black is able to calculate the prices at which any insurance business can be profitable. We will implement smart contracts that accept insurance policies from Brokers only in case insurance premium is at least on the level that does not
create loss to Black.

Community references - We require the Broker to have at least two positive references from the market where he operates.  The  references  have  to  prove  that  the  Broker is able to underwrite a profitable book of insurance business.

For more information, you may also refer to Black Insurance whitepaper: https://www.black.insure/whitepaper.pdf?pdf=whitepaper.pdf

investors should be very careful with those ones and should have in-depth considerations before deciding to invest their money. Most of them are scam ones, part of them are real ones, and small part of them are good ones.
Good luck with your decision!

Hi Tsunomloni, we accept everyone except residents from USA and any country where token sale is illegal. However, accredited investors from USA can join us! Black Insurance ICO will start in October 2018, please feel free to register now to enjoy 25% bonus!
https://tokensale.black.insure/register

Please refer to our Bounty telegram group for any bounty related questions. Our bounty managers will be happy to help you. https://t.me/BlackInsuranceBountyGroup
This is the Bounty Bitcointalk thread: https://bitcointalk.org/index.php?topic=3379115.0unty info
 

Thanks for studying our project and giving such good comments! We hope to see you on our sales later.

Hi Webcodownpi, thank you for your support! Through crowdfunding, everyone can participate in syndicate tokensale by purchasing BST security token, the syndicates can then fund the insurance brokers, finally the users will be able to purchase products that are cheaper and specially tailored to their needs!

https://i.imgur.com/Xbl3tpy.jpg

I like the idea that small and medium enterprises should also get the chance to participate in artificial intelligence innovation once the platform is developed. It creates a level playing field in the economy.

Right, the platform is not yet operational.

However, we have:
- a demo: https://www.black.insure/prototype/
- a proof-of-concept solution Rainy Day Insurance: https://rainyday.black.insure

Rainy Day Insurance is an insurance game / proof-of-concept that enables users to win actual BLCK tokens.

It's a case of blockchain based "parametric insurance". You can choose one location and get insurance cover for the case if it rains. Every day it rains, you get 1 BLCK token "compensation"