Multiple listings have been done with so many cryptocurrencies available in the market. Recently added in the Coinmarketcap is the BridgeMutal which finally landed on January 31, 2020. This is one of the unique cryptocurrencies in the market that is already available and they have a market cap of $666,701,102. Also worthy to be part of your watchlist. Check this out.
All about Bridge Mutual
Now, let us dive into what is Bridge Mutual? This is a decentralized insurance offering transparency to any of its transactions and auditable by the public. The main key aspect also with this token is that this is being built through a Polkadot blockchain to provide quick and efficient service. Aiming to change the traditional insurance system due to its unfair allocations of incentives.
The building of Bridge Mutual
The underlying concept why Bridge was built mainly because the traditional insurance system is susceptible to disruption as they do not engage in new technology. Potential bankruptcy can be seen since there are numerous company often sells policy and ended up shutting down the business since it cannot make ends. This is the first cryptocurrency to provide accuracy and protection for price fluctuations since cryptocurrencies are known to be the most volatile. This coin has a potential in value overtime just as the chart below how its running in the last three days.
Coverage of Bridge Mutual
This can be an exciting form of cryptocurrency since this is base on an insurance system. Let us also check the coverage if you happen to buy this token. Since security is one of their main priority, choosing contracts, coins and exchanges can be your personal option. Also, you can stake your BMI in their pools and earn passive yields if people buy insurance.
Customers can also select what type of asset they want and how many days they can keep their coverage. Also, this cryptocurrency is an open-source and available to anyone they don't have any blacklisted country either.
