Digital Asset Coverage Platform Bridge Mutual Launches Its BMI Token on Polkastarter
Feb 1 2021 · 10:45 UTC | Updated
Feb 1 2021 · 11:06 by Benjamin Godfrey · 3 min read
Photo: Unsplash
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While Bridge Mutual is relatively young, its offerings are game-changing as it seeks to bring the profits of mainstream insurance businesses to the lovers of blockchain and decentralized finance innovations.
Discretionary digital assets coverage platform Bridge Mutual is redefining blockchain-based insurance provision as it launched its native token dubbed the BMI Token on Polkastarter. According to a press release shared with Coinspeaker, the BMI Tokens were made available on the decentralized exchange platform for cross-chain token pools and auctions through an Initial Decentralized Offering (IDO) that was started back on Saturday, the 30th of January.
Digital asset discretionary coverage platform Bridge Mutual launches BMI token on Polkastarter
Submitted
01/02/2021 - 9:09am
Bridge Mutual, a decentralised, peer-to-peer discretionary coverage platform for digital assets, has launched BMI token on Polkastarter, the Polkadot DEX for cross-chain token pools and auctions.
The BMI token was available on Polkastarter via an Initial DEX Offering (IDO) from 30 January, 2021.
Last year alone, an estimated USD200 million in digital assets were lost in attacks on major services including KuCoin, Harvest Finance, and Origin Protocol. Bridge Mutual mitigates the risk of loss of funds resulting from unaudited smart contracts, exchange hacks, and other digital asset vulnerabilities with a marketplace for investors to provide and purchase coverage. Built on Polkadot to avoid high gas fees existent on other networks, Bridge Mutual provides coverage for stablecoins, centralised exchanges, smart contracts and decentralised exchanges, with more
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