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
ARS 278.06M
0.71%
FDV
ARS 687.67M
Circ. Supply
65M BMI
Max Supply
160M BMI
Total Supply
160M BMI
Total Value Locked
ARS 222.64M
Diluted Valuation
ARS 687.61M
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
ARS 121.02M
2.63%
Volume (7D)
ARS 792.16M
Volume (30D)
ARS 4.01B
All time high
ARS 6.46K
Price Change (1Y)
-42.47%
Additional info about Bridge Mutual
Recent trends
The latest BMI price is ARS 4.30. Compared to Bridge Mutual's value of ARS 4.27 from 24 hours ago, there's been a 1% increase, while the current price is 9% up from ARS 3.89 which was recorded one week ago. Bridge Mutual's all time high is ARS 6,457.62, which was reached on February 3, 2021. This is a -100% change from its price today.
The current circulating supply of Bridge Mutual is 64,697,071. This is 40% of its max supply of 160,000,000 BMI and 40% of its total supply of 160,000,000. The market cap is currently ARS 278.06M, which is a result of multiplying the current price of Bridge Mutual(ARS 4.30) by the total supply(160,000,000 BMI). The fully diluted valuation of Bridge Mutual is ARS 687.67M. The diluted valuation of Bridge Mutual is ARS 687.67M.
Market details
BMI vs markets
↘ 57.16%
BMI vs BTC
↘ 63.86%
BMI vs ETH
↘ 21.55%
Tags
defi
insurance
polkastarter
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0x725C263e32c72dDC3A19bEa12C5a0479a81eE688 |
Price history
Time | Price | Change |
|---|---|---|
Today | ARS 4.30 | ↗ 0.76% |
1 Day | ARS 4.27 | ↗ 0.76% |
1 Week | ARS 3.89 | ↗ 9.02% |
1 Month | ARS 5.08 | ↘ 16.89% |
1 Year | ARS 4.19 | ↘ 42.47% |
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.
We update our Bridge Mutual to ARS currency in real-time. Get the live price of Bridge Mutual on Coinbase.
The current market cap of Bridge Mutual is ARS 278.06M. A high market cap implies that the asset is highly valued by the market.
The all-time high of Bridge Mutual is ARS 6,457.62. This all-time high is highest price paid for Bridge Mutual since it was launched.
Over the last 24 hours, the trading volume of Bridge Mutual is ARS 121.02M.
Assets that have a similar market cap to Bridge Mutual include Nugget Trap Gold Token, The White Lion, Kattana, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Bridge Mutual is 65 million.
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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.
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