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2021.05.10 23:16 Jackintosh1 Faucet Crypto - Earn crypto by performing easy task. Level up and earn even more. Free coins every 25 minutes 💰💰💰

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2021.05.10 23:16 TuskBets 🌉Bridge Mutual Insurance 🌉 The End of Traditional Insurance

Before I begin stating my case about why even attaining a billion dollar market cap for this is completely realistic I’d just like to inform you all that 25% of my portfolio consists of BMI tokens and I am planning to increase my bag to transfer another 10% of my portfolio to BMI but I will try to state my case in the most unbiased way possible.
What is BMI
In a nutshell Bridge Mutual is attempting to solve the countless problems that exist with traditional insurance and these problems are:

  1. The lack of transparency and trust: If it’s not already obvious there is an essence of trust whenever it comes to insurance, the investigations for the claims that are made are very vague in their execution and if not they lack transparency.
  2. Over evaluation of their costs and inefficiency: most of the times in traditional insurance the premium you are paying for your car, house etc. Is not just from the risk assessment of your asset but more rather it is to cover unnecessary expenses that come from their bloated infrastructure and their operations of their company. This is not only inefficient but unnecessary to the customer as it has nothing to do with your asset. In fact an estimated 44% of the premiums paid go to their operations.
How BMI insure our money
I will try to simplify the technicalities of how we do this to the best of my ability, if there are any inaccuracies with model they are purely for simplicities sake.
Bridge contains multiple pools of liquidity containing the currency that is insured, take DAI (stablecoin) for example:
There are multiple liquidity pools that contain DAI, these liquidity pools have a combination of suppliers, it could be from BMI from the coins collected through their IDO, from DAI themselves or even the community can insert their DAI into the pool, and what happens is that when you had insured your DAI through the BMI platform and there happens to be a hack through one way or another, those liquidity pools then remove that specific amount that you insured and give it to you. These liquidity pools are replenished in the same way as before and the cycle repeats itself.
Now they are continuous ways in which these pools are replenished. One way for example When submitting a claim for your DAI being lost or hacked, there is a certain fee that has to be paid, this fee again goes back into those liquidity pools; as you can see it is an organic system that supplies itself perpetually.
How the claims work
When a user submits a claim that their DAI has been hacked, once policy holders of the same asset vote in favour of the claim being legitimate then the people who have staked their BMI can take part in approving that claim. And if your decision fits within the majority ( 51 percent) your reputation increases, with this as your reputation increases your staked BMI has a higher impact on decision making. Let’s say you have reputation of 2 and you have 300 BMI staked, in the decision making of the claim, your staked BMI has an impact of double (600 BMI) on the claim. And in addition to this as you reputation increases you also earn rewards in BMI.
This type of system rewards honesty and transparency as if your claim are not strong enough, people will have no incentive to approve it.
What can you insure on BMI
As of now the products they cover are:
Anything, literally anything crypto can be insured on BMI. This even includes an option for insuring assets that dont have pools yet. All you need you to do is put in the contract adress and they platform will tell you whether there is a pool for the given crypto, if there isnt you yourself can insert liquidity into that pool for rewards.
Let’s Talk Tokenomics
Being the heart of cryptocurrency tokenomics cannot be left out and if you personally want a more detailed outlook including the different selling rounds for the ICO I would heavily suggest you check out the site bridgemutual.io where they have a PDF dedicated to tokenomics and I feel I would drag for too long fleshing out the exact details of the IPO.
The token allocation is as follows:
With the largest amount going to liquidity because of the liquidity pools as described earlier.

The Growth Potential
In order to understand where Bridge can go in the future we need to consider the Total Value Locked (TVL) in Decentralized finance because the more DeFi grows the more people will want to insure their assets be it stablecoins or any other crypto. The current marketcap for DeFi stands at 97.01 billion dollars. And with not many coverages for crypto it is very safe to assume that majority of these assets assets are uninsured. And if you were to consider the market cap of traditional insurance, it sits at about 5 trillion dollars. BMI is currently at about a 36 million dollar market cap. I dont need to mention how much potential there is here but as DeFi grows its obvious to see that a obtaining a market cap of 3 billion dollars for BMI (~100x) would be a conservative estimate seeing as how they are the first and if not one of the first crypto insurance companies here.
BMI is literally solving a trillion dollar problem with a million dollar market cap.
The Team
All that theory sounds well and good but how is the team. They are nothing short of phenomenal, I have to say BMI is very transparent with their work, they have a youtube channel which hosts Q&A's almost on a bi-weekly basis https://www.youtube.com/channel/UCZOmeQDSqMMDfK34unreQqw. There they literally answer questions from twitter that were posted prior to the video and this itself is hosted by Mike Miglio who is the CEO himself of Bridge. Mike Miglio is a partner at a crypto and securities law firm and he has councelled crypto projects such as NOIA, QTUM and Gate.io among many others. His team consists of lawyers, traditional experts and has Robert Collins (CEO of Crossbordr Insurance) as part of the team that came up with the insurance model.
Coming Soon
Their insurance platform will go live soon, (Q2-Q3) there is no specific date as of now but the demo is already out and I have personally checked it out myself and it is very user friendly and optimised well but dont take my word for it, the link for the youtube demo is: https://www.youtube.com/watch?v=m3PVUYbCzLo&t=236s
The Competition
Since this is a new market, there is not much competition for BMI but what stands out from them all is Nexus mutual.
Having taken a look at Nexus mutual, here is a comprised tabular list of the differences that were listed between the two:

Nexus Mutual Bridge Mutual
Products Smart contracts Smart contracts, stablecoins, wallets and centralized excahnges
Network Ethereum (high gas fees) Polkadot (low gas fees
Structure no membership fees required membership fees required
Token price model price determined by supply and demand depends on the health of the company, cant be listed on exchanges
Stakeholder return Stakers receive 20% of premiums; earn yields from on-chain investments; and earn rewards for voting Stakers earn yields from undisclosed off-chain investments; and earn rewards for voting
withdraw waiting time 30 days 90 days
Exchange listing centralized exchanges and decentralized exchanges only sell on its own website or decentralized exchanges in order to control its token price
KYC No identitiy required

Note
The fact that Bridge Mutual offers coverage for stablecoins should not be taken lightly because during the bear market most assets in crypto get transfered to stablecoins in the illusion that our funds are 100 percent safe in stablecoins but, stablecoins only offer immunity to market sentiment but they are other risks involved (such as hacks) or auditing issues that come about (im talking about you TETHER!!)
Where can you get BMI tokens
Closing Statements
I have left this little segment here to express my opinions and some facts on BMI because everything that I had written above was written (to the best of my ability) in the most unbiased way possible.
During a recent Q&A the CEO was asked whether these coverages would move onto more traditional assets such as cars, houses etc. To which his reply was that as of now the focus would be in crypto assets in every way but he did mention that with the success of the launching of the platform and its use, they are very open to moving onto traditional assets in the future but as of now the focus is purely on crypto. The fact that this is in the mind of the CEO shows growth that cant be expressed in a 2 year roadmap. Integration into the traditional assets would really make achieving a significant percentage of that trillion dollar market cap because they are the first ones here.
Bridge Mutual Insurance is literally solving a multi trillion dollar problem with a multi million dollar market cap.
submitted by TuskBets to smallcapcoins [link] [comments]


2021.05.10 23:16 LintonJoe Another L.A. City Bridge Project Approved Bike Lanes but Omitted Them: Riverside/Zoo Bridge (my blog)

Another L.A. City Bridge Project Approved Bike Lanes but Omitted Them: Riverside/Zoo Bridge (my blog) submitted by LintonJoe to BikeLA [link] [comments]


2021.05.10 23:16 ShortAlgo $VFF: Signals could not be any clearer on the 15-minute chart of VFF. Looks oversold

$VFF: Signals could not be any clearer on the 15-minute chart of VFF. Looks oversold submitted by ShortAlgo to UltraAlgo [link] [comments]


2021.05.10 23:16 Striking_Explorer_14 🔴Payment verification🔴

My order has been canceled and refunded DHgate says my payment verification failed anyone knows how to fix this ?
submitted by Striking_Explorer_14 to DhGateReps [link] [comments]


2021.05.10 23:16 Setoxics42069 Most Must see ppv of all time

Most Must see ppv of all time submitted by Setoxics42069 to GreatnessOfWrestling [link] [comments]


2021.05.10 23:16 TheOneKing97 Okay so I did a featured contract and it reset it and fixed the issue of it saying 26/25, at least now I know how many I have to do to get rewards.

Okay so I did a featured contract and it reset it and fixed the issue of it saying 26/25, at least now I know how many I have to do to get rewards. submitted by TheOneKing97 to HiTMAN [link] [comments]


2021.05.10 23:16 Solsy101 From the pilot director’s Instagram story 🎬🎥

From the pilot director’s Instagram story 🎬🎥 submitted by Solsy101 to thelastofus [link] [comments]


2021.05.10 23:16 Outrageous_Bell4293 🔥Angler fish lives at the bottom of the sea. To attract prey, the scary-looking fish uses a bioluminescent “fishing pole” that hangs just above and in front of its toothy face. Image credit: Jared Benney

🔥Angler fish lives at the bottom of the sea. To attract prey, the scary-looking fish uses a bioluminescent “fishing pole” that hangs just above and in front of its toothy face. Image credit: Jared Benney submitted by Outrageous_Bell4293 to NatureIsFuckingLit [link] [comments]


2021.05.10 23:16 justasmallgamer Why cant I talk?please help me talk in tf2

Help meh
submitted by justasmallgamer to truetf2 [link] [comments]


2021.05.10 23:16 Style0790 Emergency times required

Suicidal. Dying with Dignity organization helps with that. Either euthanasia or doing it by self. If not approved, then still self inflicted by consent either way. Help. Emergency. Know anyone who has been through it? Down under...
submitted by Style0790 to GriefSupport [link] [comments]


2021.05.10 23:16 iamaDuck_ List of local files on the new desktop UI?

Has Spotify removed the ability to see a list of local files with the new update? Where can I find it?
submitted by iamaDuck_ to spotify [link] [comments]


2021.05.10 23:16 chevs_710 Is Poloniex.com safe?

I'm new to the Community and very happy to be here... I wanted to know is poloniex.com for dogelon? I have over 500 million there. Thanks
submitted by chevs_710 to dogelon [link] [comments]


2021.05.10 23:16 IraGulaSuperbia Monster Monday - Edrammi

Monster Monday - Edrammi
Edrammi by Daniel Larios
The old noble was strangely serene even with the recent disappearance of her granddaughter. She kept to her chambers, fretting over her fading beauty even as the heroes her family had hired to track down the missing girl set to work. Most people knew better than to pester the aging matriarch, but when the local seamstress came to call, they begrudgingly let her through. None dared to intrude on the lady as she spoke with the common woman, so none had the chance to see the seamstress open her basket to reveal the peeled flesh of her granddaughter. None saw the smile that the vain but aging noble shared with the seamstress or the sickly green glow that flared in the latter’s eyes.
Processing img uaghyfbmady61...
Pathfinder 2e Edrammi
I've been sitting on this monster for a while, waiting for art before I posted it and it was masterfully provided by Daniel Larios!
If you want to see more about this creature and its design process, a D&D 5e version of it, and an encounter hook, I have a blog that I'm gonna try to post a link to in the comments because it tends to get my post deleted.
Have a Monstrous Monday!
submitted by IraGulaSuperbia to Pathfinder2e [link] [comments]


2021.05.10 23:16 Claude_Henry_Smoot Homepods (Minis) play music for a few seconds and the stop.

submitted by Claude_Henry_Smoot to HomePod [link] [comments]


2021.05.10 23:16 Dangerous2nite Who could pinhead face off against in a death battle

Who could pinhead face off against in a death battle submitted by Dangerous2nite to DeathBattleMatchups [link] [comments]


2021.05.10 23:16 cptZOLTON Смотрите видео «TOP 1 ON META TRUCK TV STATION» от cptZOLTON на www.twitch.tv

Смотрите видео «TOP 1 ON META TRUCK TV STATION» от cptZOLTON на www.twitch.tv submitted by cptZOLTON to Warzone [link] [comments]


2021.05.10 23:16 Tyrleif In order to truly subjugate the United Cities, I built a base of operations right on the doorsteps of Heng. This was very late game, the base was only guarded by a handful of my absolute top fighters. Needless to say the colliding armies of the Holy Nation and UC were in for a surprise!

In order to truly subjugate the United Cities, I built a base of operations right on the doorsteps of Heng. This was very late game, the base was only guarded by a handful of my absolute top fighters. Needless to say the colliding armies of the Holy Nation and UC were in for a surprise! submitted by Tyrleif to Kenshi [link] [comments]


2021.05.10 23:16 throwawayyyy2562 My (20F) boyfriend (20M) didn't stop when I said so during sex.

Hi everyone. I'll keep this as simple as I can. I have been with my boyfriend for 2 years now and problems during sex have never been a thing in our relationship. The other night, we began to have sex and and he began to slip his finger into my butt, which he has done before, but not often. This time, I wasn't really feeling it so I lightly tapped his back and told him to stop. He didn't stop and instead inserted his finger all the way and whispered to me, "Are you sure you want me to stop?" I didn't answer and then finally told him to get off of me.
I began crying and asking him why he didn't stop and he responded that he didn't know why he didn't. He began apologizing over and over but I was too distraught to listen. I felt very violated because I would assume me saying stop would mean to, you know, stop? He kept trying to say sorry and said he would never want to do anything to make me uncomfortable but I still feel very upset by what happened.
I don't know if I am reading too much into this or what, I just feel very conflicted. Any insight or advice would be greatly appreciated. Thank you.
submitted by throwawayyyy2562 to relationship_advice [link] [comments]


2021.05.10 23:16 pandalocox Very clearly why you want to HODL on your Dogecoins.

Very clearly why you want to HODL on your Dogecoins. submitted by pandalocox to dogecoin [link] [comments]


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2021.05.10 23:16 BrutallyPretentious Strategies for playing against Hikaru’s cat?

(Not a joke) I’m going to be playing against Hiraku Nakamura’s cat Mittens in his upcoming simul. I’m rated 450 on lichess, what opening should I use? I hear a lot of people play E4 but I don’t know that line.
submitted by BrutallyPretentious to AnarchyChess [link] [comments]


2021.05.10 23:16 quantythequant [CA-ON][H] PayPal [W] Acrylic 65%/75% Board with RGB Underglow + Artisans

Title! I expect it may take a while to find exactly what I'm after, but not in a rush ... I'm looking for a frosted/transparent acrylic 65/75% components/kit/build. Pre-built or components are both fine. Looking for a case in pristine or new condition -- micro-scratches are fine, but no real damage please. Ideally looking at a Tofu65/KBD75 v2/NK65 EE, or something similar.
Also looking at random cute artisans -- in particular CYSM and Goobs.
Priority goes to Canada > CONUS > Elsewhere.
submitted by quantythequant to mechmarket [link] [comments]


2021.05.10 23:16 moneyshouters EASY Shopper Intelligent Cart Solution Launched by MetroClick/faytech for North American Market

EASY Shopper Intelligent Cart Solution Launched by MetroClick/faytech for North American Market submitted by moneyshouters to Tradingcryptos [link] [comments]


2021.05.10 23:16 Earth_Bass Após nossa revolução qual dessas seria a próxima e definitiva bandeira?

Após nossa revolução qual dessas seria a próxima e definitiva bandeira? submitted by Earth_Bass to ChratosGameplay [link] [comments]


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