Hello everyone ... I am here to inform you by writing a review to introduce a very unique new project called Bridge, so for that, have a look at the article I created below to give you a very good overview of the project, then Benefits what do they give everyone? Let's just go straight to the discussion below.
Introduction
Bridge Mutual is a decentralized insurance provider that has started its first offering of insurance coverage in one of the fastest growing digital asset markets: stablecoins. Bridge Mutual is based on a decentralized and discretionary insurance application that allows users to insure each other and get reimbursed in the event of a crash or market attack. Stablecoins are not always stable. They are also vulnerable to damage and potentially useless. On October 15 2018, Tether, the stablecoin that dominates the market came under attack, broke the Tether peg to USD, lowering its value by 7%.
About Bridge Mutual
Bridge Mutual provides a decentralized, scalable and comprehensive smart contract system to ensure smart contracts, stablecoins, centralized exchanges and other crypto and DeFi products. It offers a transparent, auditable and on-chain investment strategy to return returns and profit sharing to its users and does not require KYC or any personally identifiable information.
What is Bridge Mutual?
Bridge Mutual is a blockchain-based, decentralized discretionary insurance platform. The platform allows users to provide or purchase protections that protect against smart contract failures, stablecoins damage, exchange attacks and other products.
Bridge operates independently via a series of smart contracts deployed on the Polkadot network, meaning no human intervention or action is required for the platform to function. The Bridge code is fully transparent and publicly posted on GitHub, so anyone can audit and verify our work.
The platform ecosystem is supported by its token, "BMI", which is used to buy insurance, provide protection, earn profits, share profits, vote and manage the platform.
Bridge is a decentralized and discretionary insurance platform that protects smart contracts, stable coins, centralized exchanges and more.
Problem
Smart contracts, stable coins and other crypto products are susceptible to hackers & failures, making it difficult for institutions to enter the market.
Solution
Bridge provides the most transparent and efficient p2p coverage platform, allowing anyone to reliably insure smart contracts, stable coins, and more.
Why was Bridge Mutual Built?
As cryptocurrency becomes mainstream, individuals and institutions need assurances that their investment of value into this new technology are protected.
Smart contracts are susceptible to hackers (e.g., the DAO hack), exchanges are vulnerable to attacks (KuCoin), and stablecoins can crash (e.g., the NuBits crash, DAI liquidity crisis). In order to increase adoption of cryptocurrencies on an institutional scale, confidence in these systems needs to be increased. Bridge solves this problem in a way that is economically viable long-term, transparent, profitable, decentralized, and scalable.
In addition, Bridge has the potential to be disruptive to the traditional insurance industry. Today’s mainstream insurance model hasn’t taken advantage of the advancement of technology and is ripe for disruption. Instead of continuing with the litigious, opaque, adversarial and bloated model of traditional insurance, Bridge intends to revolutionize insurance by making the process fair, transparent, neutral and efficient using blockchain technology.
Bridge Covers
Smart Contracts: Secure against faulty code, bugs, hacks, and protect against permanent loss.
Centralized Exchanges: Coverage to protect against exchange hacks and attacks.
Stable Coins: Insure against Stable Coin failure for USDT, DAI, TUSD and others.
Future Products: New products including support for transaction fees, staking, and farming.
The Bridge Advantage
No KYC Required
Cost Efficient Average
Automated Claims
Fast Settlement
Small 10% Founder Pool
Token Utility
DAO Voting Eligibility
Access to coverage
Yields from investments
Premium profit sharing
Vote on claims and earn
Token Metrics
Token Ticker: $BMI
Token Supply: 160,000,000
Initial M/Cap: $500,000
Sale Price: $0.125
Vesting: 25% per Month
Token Economics
8%: Sales
41%: Liquidity
16%: Operations
6%: Vault
17%: Team
4%: Community
9%: Protection
For more information, you can see it below:
Website: https://www.bridgemutual.io/
Telegram: https://t.me/bridge_mutual
Twitter: https://twitter.com/Bridge_Mutual
Medium : https://medium.com/@bridgemutual
Author: dey90
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=731808
Wallet Address: 0x5c582DE6968264f1865C63DD72f0904bE8e3dA4a