Hi guys , welcome back to my Bridge Protocol Series , i wrote many articles to reviews Bridge Protocol project and i receive many questions from you guys such as time of public sale ? exlaining neo platform , comparing Bridge Protocol to another competitors , function of IAM token, ….. etc . There are many questions from many readers , and can not answer at once , so i need to write this article to solve all of your hesitate and consider , doubt about this project . So , one more time , do not send me personal message , i will not answer , if you have any question please leave it below the comment of this arcticle . Thank you , now let’s begin
What is Bridge Protocol ?
The Bridge Protocol is an open, distributed network of trusted machines and users promoting behaviors, standards and enforcement mechanisms to provide real-world value and application. The system facilitates an ability for users to deploy business processes that comply to existing standards and regulations. Bridge interfaces with NEO framework and allows users to manage, protect and utilize sensitive information in new ways. The Protocol offers a new standard for whitelists and allows participation in multiple ICOs. Bridge Certificates build trust so users can transact with confidence.
- What is Neo Platform ?
NEO is a next generation smart economy platform (formerly Antshares) that uses blockchain technology to digitalize assets and means new and young in Greek. NEO has had a monumental rise to fame and most know NEO for its explosive growth. Neo, formerly known as Antshares, is often known as the “Ethereum of China”. While similar to Ethereum, it has some interesting features which deserve a close examination.
- What is a NEP-5 Token ?
To easily understand , NEP-5 Tokens are tokens minted on the NEO Blockchain . And all Nep-5 token will be listed on Switcheo Exchange , and sooner or later will be listed on Binance exchange.
- What is the relationship between ProjectICO and Bridge Protocol ?
The Bridge Protocol was created to address issues the ProjectICO team observed while working with multiple ICOs. After seeing the hurdles and costs that ICO founders were facing, a solution to bring these costs down and design processes to benefit blockchain startups was necessary. Business intelligence collected and analyzed with ProjectICO automation tools has influenced numerous aspects of system design.
- What is the date of Whitelist registration ?
Registration for KYC will begin on February 5th 2018. Whitelist will last until February 20th. Emails are anticipated to go out on February 22nd with smart contract address and will stay open until February 28th or until tokens are sold out. Please ensure you are sending NEO from a supported wallet like Neon, if not you will lose your NEO.
- How many IAM token will be issued ? How many IAM token willbe sold ?
There are 1 billion tokens in total , but there are only 500 million tokens used for sale , the unsold token will be burnt immediately to protect right of investors as well as token price .
- What is accepted payment ? What is the price of IAM ?
Neo is the only payment which is allowed for ICO sale , the price of each IAM token is $0.05
- What is the Bridge plans to use IAM tokens ?
20 million immediately unlocked for bounty programs
200 million to motivate developers, attorneys and auditors to participate in the ecosystem
200 million will be used to cross-invest in other projects, which are in partnership with the Corporation and used to enhance the Bridge ecosystem and create new microservices
80 million will be retained as contingency
- What is IAM tokens used for ?
IAM tokens will play in role of marketplace access key
IAM token is also used for microservices
IAM will be used as the fee for system using
- What are the differences between Bridge Protocol and competitors ?
There are many differences , but to summary this please see the picture below , it will help you quickly understand
You can read my previous articles about comparing civic and bridge protocol here : https://medium.com/@ngannam/is-bridge-protocol-better-than-civc-8145e3966bb9
Hope you guys satisfy with my answer , if you have any question about Bridge Protocol , do not hesitate to leave your comment below , i will repond it as quick as possible . Thanks for reading . Do not forget to upvote and follow me .
Some links related to Bridge Protocol project you will need :D
Website : https://www.bridgeprotocol.io/
Telegram: https://t.me/BRIDGEprotocol
Twitter : https://twitter.com/BridgeProtocol
Facebook : https://www.facebook.com/BridgeProtocol/