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Hey guys I'd like to share my new research on $BFR @_bridgefinance This project was launched on uniswap literally 2 hours ago.
https://www.bridgefinance.net/
0x244c5276Ea5bB927575417156038d7381b44Ab2c
I am very bullish and here's why. LET'S GO (1/18)
https://www.bridgefinance.net/
0x244c5276Ea5bB927575417156038d7381b44Ab2c
I am very bullish and here's why. LET'S GO (1/18)
Bridge finance provides services to transfer from crypto into stocks and the other way around easily by charging a small fee. They have their dApp and protocol running on Ethereum. Their protocol can also be easily migrated to other blockchains if needed. (2/18)
It works on the basis of liquidations and there is a settlement agreement between two parties. A person that has crypto and wants to have exposure to stocks and another person that would like to have exposure to crypto. (3/18)
Bridge finance was founded in 2019 by former investment bankers and technology enthusiasts. The main feature of Bridge finance is to provide equity swaps. (4/18)
Bridge finance is financial derivatives contract that allows a stock/crypto holder to exchange his future gains in the stock/crypto market with another party for an agreed upon amount in dollars, for a fixed period, without actually changing ownership of the stock/crypto. (5/18)
The native token for the Bridge protocol is $BFR token which will be used to facilitate equity swap contracts creation, settlements and other services offered by the platform.
How will Bridge Finance achieve this? (6/18)
How will Bridge Finance achieve this? (6/18)
Bridge finance developed a proprietary decentralised financial application that runs on Ethereum. It uses what they call, the Switch Protocol, as its engine. It allows users to create an equity swap contracts on the platform. (7/18)
Benefits:
This allows stock holders to enjoy gains in crypto without giving up their stocks and vice versa for crypto holders. (8/18)
This allows stock holders to enjoy gains in crypto without giving up their stocks and vice versa for crypto holders. (8/18)
The approach in designing the protocol factors in the use of these secure service providers:
• Offchain data oracles to track stock prices - Chainlink.
• Smart contract security solutions - Quantstamp.
• Decentralised database/ledgers - Bluzelle, Storj. (9/18)
• Offchain data oracles to track stock prices - Chainlink.
• Smart contract security solutions - Quantstamp.
• Decentralised database/ledgers - Bluzelle, Storj. (9/18)
The protocol's code will be audited twice before the alpha version launch and again before the launch of the final product which is estimated to be one month after the public token sales. (10/18)
The platform is also non-custodial which means you are in control of your wallet keys.
The initial target audience are retail investors but the same service can also be used by institutional investors.
The $BFR token is an ERC20 token, (11/18)
The initial target audience are retail investors but the same service can also be used by institutional investors.
The $BFR token is an ERC20 token, (11/18)
with a maximum supply of 100 million tokens.
It allows stock traders to be liquid with crypto currencies which they can have exposure to with an equity swap contract. It will also allow stock traders to settle broker fees and charges if they made a profit, (12/18)
It allows stock traders to be liquid with crypto currencies which they can have exposure to with an equity swap contract. It will also allow stock traders to settle broker fees and charges if they made a profit, (12/18)
without taking any value from their stocks.
Any party participating in an equity swap deal needs to stake the $BFR tokens as collateral, equivalent to the notional value of the contract. (13/18)
Any party participating in an equity swap deal needs to stake the $BFR tokens as collateral, equivalent to the notional value of the contract. (13/18)
Without staking $BFR tokens as collateral they cannot create or take part in a contract.
Staking rewards will also be paid in $BFR tokens. (14/18)
Staking rewards will also be paid in $BFR tokens. (14/18)
To add incentive to holding $BFR tokens they will have liquidity mining for users and staking rewards for those locking up their $BFR in the system.
Bridge finance does not have competitors as of now, so it will have the first mover advantage in this space. (15/18)
Bridge finance does not have competitors as of now, so it will have the first mover advantage in this space. (15/18)
There are currently no competitors offering automated equity swaps.
They will launch staking and liquidity mining pools for users after the alpha system is launched. (16/18)
They will launch staking and liquidity mining pools for users after the alpha system is launched. (16/18)
Bridge finance team members:
-Cosmas Chiruka (CEO & Co-Founder)
He worked as Former Investment Banker at Tetrad Investment Bank. (17/18)
-Cosmas Chiruka (CEO & Co-Founder)
He worked as Former Investment Banker at Tetrad Investment Bank. (17/18)
-Andrew Ginda (CTO)
Former Senior Blockchain Developer at Credit Suisse
-Gibson M (Senior Developer & Co-Founder)
-Tinashe M (Senior Developer)
Data Networks and Infrastructure Engineer, with 9 years experience in the field at a Enterprise level. (18/18)
Former Senior Blockchain Developer at Credit Suisse
-Gibson M (Senior Developer & Co-Founder)
-Tinashe M (Senior Developer)
Data Networks and Infrastructure Engineer, with 9 years experience in the field at a Enterprise level. (18/18)
