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Black is here to make a difference

Black will use the blockchain to transfer risk directly from clients
(insureds) to financial backers (Black Syndicate Token holders):

  • minimizing all inefficiencies
  • storing all data securely in blockchains
  • transparent business operations using smart contracts
  • faster innovation by platform members

Black will fix the insurance industry fundamentally. Black is an insurance platform like Lloyds of London on blockchain without the expense, delays and bureaucracy that we witness today.

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). BLCK powers the infrastructure, providing access to the platform and for conducting voting on system updates to the platform (utility token). 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) (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 it’s BST.

Our Roadmap

Hard cap $45 million

Use of funds & Token distribution

If $2 mln+ raised

If $10 mln+ raised

ICO structure

Pre-Sale Starts
1. October 2018
Pre-Sale Period
30
Pre-Sale Cap
$15,000,000.00
Pre-Sale Terms
First week 25% bonus and after first week 20% bonus
Token Sale Starts
1. November 2018
Token Sale Period
30 days
Soft Cap
$2,000,000.00
Hard Cap
$45,000,000.00
Token Symbol
BLCK
Total Number of Tokens
575,000,000
Tokens Sold in This Sale
316,250,000
Exchange Rate
1BLCK = 0.2 USD
Minimum Purchase
$100.00
Accepted Cryptos
BTC, LTC, ETH
Adjustability
Undistributed tokens will be destroyed by smart contract
Listing
BLCK tokens will be listed on crypto exchanges
Token Holder Benefits
BLCK token serves as the only payment method to pay insurance premiums and services fees on Black platform.
Token Trade Limitation
Only Team and Advisors have vesting and sales lock-in periods

Token distribution

Bonuses

Pre-Sales

First week bonus

25%

After first week bonus

20%

Main Sales

Day 1

15%

Week 1

11%

Week 2

7,50%

Week 3

3%

Week 4

0%

Bounties

Referral

Reciver

5%

Sender

10%

Our team and advisors

RISTO ROSSAR

Risto is the founder of Black and his role is to develop the idea further including mentoring of all team members as well as finding cooperation partners for Black through his extensive network in insurance space.

Risto Rossar

Founder

Bundeep Rangar

Bundeep is an entrepreneur with more than 21 years' experience in financial services, technology and media. He has invested in, advised or incubated a number of companies in the UK, Canada and India. He holds founding CEO roles in PremFina, IXL Holdings, and SME lending.

Bundeep Rangar

Founder

Chris Williams

Chris together with team of developers is building our product. He has worked as a Senior Solution Architect at insurance companies, AIG and MetLife. While working at IBM as a Blockchain Consultant, he has built private blockchain solutions for insurance companies.

Chris Williams

CTO and Blockchain Solution Architect

Mart Parve

Mart makes sure that all operations run smoothly, so the entire team can most effectively contribute to Black's success. A life-long technology aficionado, he has managerial background in insurance technology and information security, and holds an MSc in Economics from the Catholic University of Leuven.

Mart Parve

Chief Operating Officer

Liina Laas-Billson

Liina will make sure that the vision and growth of the Black Foundation is on track. Founding Member of the Board and General Manager of the Estonian Cryptocurrency Association and also worked with many blockchain FinTech startups on marketing and sales strategies, her mission is to revolutionise insurance through blockchain tech.

Liina Laas-Billson

Business Development Officer

Martin Mägi

Martin is our hands-on product guy. Previously he has co-founded 2 startups and built more than 15 software products. He likes to design user interfaces and also write code.

Martin Mägi

Product Design

Peep Paum

Peep believes that the blockchain technology will eventually change the ways and logics how businesses operates today. He has been lucky enough to participate in various technology projects for almost ten years. Peep was one of the original co-founders startup called Indoor.Ninja and ICO campaign platform called CrowdCoinage.

Peep Paum

Product Manager

Triinu Murumäe

Triinu is a skilled marketing manager with a good eye for growth. She takes care of all our marketing activities. She has more than 10 years experience in insurance technology as a business developer and being responsible for insurance startup marketing she has very good know-how how to succeed.

Triinu Murumäe

Marketing Manager

Advisors

Buu Truong

Buu is an experienced non-life actuary and a Fellow of the Institute and Faculty of Actuaries (IFoA). He is Managing Director of Insight Risk Consulting which is a firm which he founded 5 years ago. Buu and his team are advising Black on actuarial models and risks.

Buu Truong

Actuarial and Risk advice

Taavi Kotka

Awarded as Europe’s best CIO by ICT Spring and being the leader of Estonian government digitalization Taavi advises us on strategy as well as uses his extensive network to leverage Black business. Taavi is also selected as Entrepreneur of the Year in Estonia 2011 (by Ernst&Young).

Taavi Kotka

Former Estonian Government CIO

Ando Kivilaid

Ando has worked whole life in insurance and IT business and is very big blockchain and cryptocurrency enthusiast. Ando is advising us on product development and strategy.

Ando Kivilaid

Insurance geek and investor

Alex Norta

Alexander Norta is one of the leading experts in the field of smart-contract technology. He has a wide range of expertise in fields such as business-process collaboration, workflow management, e-business transactions, service-oriented computing, software architectures, software engineering, ontologies, social web, multi-agent systems, and so on. Norta has written several high-profile whitepapers and advised successful blockchain-tech startups like Qtum, Cashaa, Cedex and NEO.

Alex Norta

Scientific advisor

Kristian Garancis

Kristian has over 20 years of experience in Non-Life Reinsurance and Insurance as well as Captive Insurance. He is also very familiar with Maltese legal and insurance structure being also the resident of Malta himself. Kristian advises us on insurance and re-insurance related topics as well as helps with licensing our insurance company in Malta. He has also many connections with brokers who are interested to use Black capacity when we go live.

Kristian Garancis

Reinsurance and Malta

Stefan Beyer

Dr. Stefan Beyer is a Blockchain architect and smart contract security expert. He graduated from the University of Manchester in 2001 with a degree in Computer Science and obtained a Ph.D. in 2004 from the same university. Since then he has worked in computer science research in distributed systems, fault tolerance, ubiquitous computing, and cybersecurity. He is currently working as head of research and development for cybersecurity company in Spain. He is also a member of the European Unions Blockchain Observatory's Blockchain Policy and Framework Conditions Working Group.

Stefan Beyer

Scientific Advisor of Black

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