Bridge: Decentralized Insurance For Smart Contracts

 

The development of the Blockchain world continues to progress along with the emergence of the latest technologies that accompany the emergence of various new digital currencies. The platform that is a forum for recording or database for every digital currency transaction in the world always creates new technologies that can update each data quickly and completely. The blockchain technology that offers many advantages is undoubtedly attracting the attention of many entrepreneurs from various fields to participate in the application of this technology. Fast access and sophisticated protection systems that provide security guarantees are a number of reasons including. No doubt, the insurance sector has also begun to implement the blockchain system as a liaison medium for customers. The blockchain platform is involved in Insurance activities, namely Bridge.

Bridge is a blockchain platform whose application focuses on Insurance, from producers to businesses to resale. Bridge main goal is to become a blockchain solution that is needed by ensuring a safety toward one another blockchain for smart contract.

All activities are limited to consumers. This makes the transaction process easier. The security provided is also not doubtful thanks to the advanced technology applied by Insurance to protect every transaction data that is carried out. That way, the process of distributing products can be done without being restricted in distance safely. Transparency is also an important reason for Exchange transactions to avoid various frauds that might occur. In addition, the existence of the Blockchain product is also easy to track so as to avoid the risk of being a fraud. If this happens, the smart contract can find out immediately so that it can be handled quickly. The risk of wasting time on undue things can be avoided.

There are many more for bridge to be able to get the best of it product. They have such big market segment, by using Polkadot Network the gas that is needed for every transaction will be lower than most blockchain transaction.

Provide Coverage

Choose coins, contracts or exchanges that you think are safe.

Stake your BMI in their pools to provide coverage to customers.

Earn passive yields over time and share profit when people buy insurance.

Purchase Coverage

Choose coins, contracts or exchanges that you want coverage for.

Get a quote and buy discretionary insurance instantly using our app.

Easily make a claim on our app in the event of a crash or an attack.

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.

Conclusion

As we know, currently many unwanted events occur in the crypto market, for example, such as the KuCoin hack which caused millions of dollars in losses. We don't want something like this to happen again. And to prevent this we can use insurance services to protect us. Bridge is a decentralized insurance platform that allows crypto users to insure a smart contract, stable coins, centralized exchanges, and more. This is a platform built on the Polkadot network, which will provide users with the most transparent and efficient p2p coverage platform, and allows anyone to reliably insure their assets or maximize their profits by becoming a staker.

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

Roadmap

Q4 2020 - Private Sale Development

Q1 2021 - Private Sale Development

Q2 2021 - $100M Coverage Forecast Bridge DAO Governance

Q3 2021 - Product Expansion Capital Pool Growth Coverage Growth

Q4 2021 - Main net V2 Traditional Insurance

Team

Mike Miglio - CEO

Ian Arden - CTO

Lili Feng - CLO

Hartej Sawhey - Strategy & Auditing

Luke Lombe - Communications

Roman Zakharuk - Development

Mykola Kovach - Design

George Tsui - Insurance Model Design

Wei “Frank” Cui - Tech & China Market

Robert Collins - Insurance & Mutuals

Tyler Ward - Investor & Voluntary Advisor

For more information

Website: https://www.bridgemutual.io/

Telegram: https://t.me/bridge_mutual

Twitter: https://twitter.com/Bridge_Mutual

Medium : https://medium.com/@bridgemutual

Author  

Username            : keenanatl

Profil Bitcointalk   :  https://bitcointalk.org/index.php?action=profile;u=2895971

Wallet ETH              : 0xD628F700021A131AF20226AFb5Ce71EA348cFdFD