About Bridge Mutual
Bridge Mutual is a decentralized, discretionary p2p/p2b insurance platform that provides coverage for stablecoins, centralized exchanges, and smart contracts. Its platform allows users to provide insurance coverage, decide on insurance payouts, and get compensated for taking part in the ecosystem.
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Market Stats
Market Cap
$200.65K
-1.07%
FDV
$496.21K
Circ. Supply
65M BMI
Max Supply
160M BMI
Total Supply
160M BMI
Total Value Locked
$174.08K
Diluted Valuation
$529.79K
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
$14.45
0.77%
Volume (7D)
$92.02
Volume (30D)
$1.67K
All time high
$5.47
Price Change (1Y)
-25.09%
Additional details
Market details
BMI vs markets
↘ 14.67%
BMI vs BTC
↘ 20.56%
BMI vs ETH
↘ 11.6%
Tags
defi
insurance
polkastarter
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0x725C263e32c72dDC3A19bEa12C5a0479a81eE688 |
Price history
Time | Price | Change |
|---|---|---|
Today | $0.0032 | ↗ 0.12% |
1 Day | $0.0032 | ↗ 0.12% |
1 Week | $0.000929 | ↗ 246.88% |
1 Month | $0.0015 | ↗ 112.91% |
1 Year | $0.0043 | ↘ 25.09% |
FAQ
Bridge Mutual (BMI) is a decentralized finance platform (DeFi). The DAO-managed discretionary risk coverage platform is based on the Ethereum network. Bridge Mutual is a permissionless as well as a decentralized risk coverage platform. Therefore, it provides risk/insurance coverage for stablecoins, smart contracts, and other services. Moreover, the platform allows users to purchase risk coverage for funds, vote on policy claims, receive compensation, etc.
Bridge seeks to provide coverage of three types: smart contract coverage, stablecoin coverage, and exchange coverage. Stablecoin coverage helps to protect users from price crashes. The platform plans to introduce more traditional coverage in the blockchain network. The Bridge Mutual platform also functions on multi-chains, and hence exchange through its multi-chain strategy is made easy.
The whitepaper states there is a demand for risk-mitigating solutions. Projects generally reduce the risks from bugs, hacks, etc. by hiring third-party smart contract auditors. In order to solve this, the platform provides smart-contract coverage policies for assets. Moreover, Bridge Mutual enables its users to create and provide liquidity for any smart exchange contract at any time in exchange for yield3. The platform also plans to start a dApp and a mobile version for offering rewards to users.
To participate in the platform, users purchase the BMI token and stake in Bridge coverage pools. The token can be used to vote and improve the platform and help it to remain secure, transparent, and competitive. Users may earn BMI tokens by providing coverage in the stablecoins, staking the current BMI token, voting on the coverage claims, and providing liquidity in Uniswap. Users may also receive multi-token rewards and branding benefits on the platform.
Mike Miglio is the cofounder, CEO, and helm of the project. Mike is responsible for all the financial decisions on the platform and token.
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Terms apply. Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
Social stats
Popularity in posts
#2734
Contributors
24
Posts
24
% About Bridge Mutual
0.016%
Hold times
0 days
X (Twitter)
1.03% bullish
Sentiment
1.3 ★
Highlights
24 unique individuals are talking about Bridge Mutual and it is ranked #2,734 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Bridge Mutual has an average sentiment score of 1.3 out of 5. Finally, Bridge Mutual is becoming less newsworthy, with 0 news articles published about Bridge Mutual.
On Twitter, people are mostly neutral about Bridge Mutual. There were 3.7% of tweets with bullish sentiment compared to 259.26% of tweets with a bearish sentiment about Bridge Mutual. 96.3% of tweets were neutral about Bridge Mutual. These sentiments are based on 97 tweets.
On Reddit, Bridge Mutual was mentioned in 6 Reddit posts and there were 7 comments about Bridge Mutual. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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Legal
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
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