What might be the token of the year? Well, some of you already know the answer. I am talking of $BMI. Why I think that? I will explain. Decentralized insurance is a pretty new niche in crypto. And we all NEED insurance.

I think decentralized insurance will be huge this year and $BMI is the best on this niche. Their platform does not require any form of identification from its users. All funds within the ecosystem are held in smart contracts.

Bridge Mutual is entirely non-custodial, meaning no $BMI team member ever has access to the funds being staked on the system. Their platform is allowing users to insure each other.

Staking $BMI will entitle you to profit sharing whenever coverage is purchased & earn you yields that come from on-chain investing of all pooled funds.

All insurance claims will go through a 3-phase voting process that is enforced with rewards and punishments, ensuring a thorough process for every claim. The turn-around time for claims and voting is predictable and is always under 6 weeks, regardless of the size of the claim.

Users can buy or provide insurance for wallets, smart contracts, DAOs, exchanges and more. A CEX is hacked? No problem, if you are insured with $BMI. You can also insure your stable coins funds. No one else on the market offers stable coins insurance! This is U-N-I-Q-U-E!

Stable coin claims are paid instantly and automatically (no voting) if insurance conditions are met. The current DeFi Insurance market is only around $290 million, which is up from $0 last year, and we have a potential $3.7 trillion DeFi Insurance Market for $BMI.

So we have huge room for growth for $BMI! The team and the advisors are, of course, all public. Along devs they have experienced people in DeFi and also traditional insurance field. There are many things that makes me very bullish and this is just one of them.

$BMI will also build on #Polkadot and they will lease a parachain, as it seems.

Regarding tokenomics, before launching on Uniswap, they sold in seed/private rounds 13.8 mil. tokens, but from these, just 2.7 mil. were unlocked, everything else is locked.

So, $BMI total supply is 160 mil., from which, circulating supply is around 7.8 mil. tokens. At the current price (2.5$), the market cap is $19.5 mil.

Their main rival on the market will be Nexus Mutual ( $NXM ), which has a 360 mil. market cap. $BMI is a lot better, though.

My price prediction for this year is 500 mil. market cap for $BMI, with a huge adoption as it should normally be. That would be a 25x from here. But, if this bull run will be insane, and I have all the reasons to believe so, $BMI can reach 1 bil. market cap EOY.