Website

Bridge Mutual (BMI)

ICO

Last updated: Jan 30, 2021

Bridge Mutual is decentralized, discretionary insurance platform for smart contracts, stablecoins, exchanges and more.

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Overview

Project industry	Insurance / Polkadot Ecosystem
Product type	Platform

What is Bridge Mutual

Bridge, in a nutshell.

Built on the Polkadot network.

Users can buy or provide coverage for smart contracts, stablecoins and exchanges—stakers split profit and yields as a reward.

Purchase coverage using stablecoins.

Coverage funds are invested on platforms such as Aave, Curve, Balancer, etc.

Coverage holders can place detailed claims easily on the Bridge App.

Multi-phase crowd voting mechanism to ensure every claim is adjudicated properly.

Stablecoin claims are paid instantly and automatically (no voting) if coverage conditions are met.

Popular projects undergo audits from well-known auditing firms, paid for by Bridge and made available to the public.

Transitioning into a DAO, BMI tokens govern the platform.

Details

Public sales: Jan 27, 2021 - Jan 30, 2021
Token supply: 160,000,000 BMI
Total tokens for sale: 13,840,000 BMI

Legal

Blockchain Platform: Polkadot

Token info

Ticker: BMI
Type: Utility-token
Token standard: ERC20
Token price in USD: 1 BMI = 0.125 USD
Funds allocation:
8.65% - Sales
47.5% - Liquidity
6.35% - Operations
6.25% - Vault
18.75% - Team
8.125% - Community
1.25% - Bug finding
3.125% - DEX / CEX / IDO