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Deposits and withdrawals are not currently available for this coin.
Buy Bridge Mutual (BMI)
What is Bridge Mutual?
Bridge Mutual is a decentralised, discretionary insurance platform designed to provide coverage for smart contracts, stablecoins, exchanges, and more, within the cryptocurrency and DeFi ecosystem.
How does Bridge Mutual work?
Bridge Mutual functions as a decentralised marketplace where users can provide coverage by staking stablecoins and earning yields in BMI tokens. Customers can purchase discretionary insurance coverage for various crypto assets and platforms. The platform utilises smart contracts to manage insurance pools, coverage specifics, and claims assessment in a transparent and decentralised manner, without requiring KYC processes.
What are the potential use cases for Bridge Mutual?
Bridge Mutual can be employed for various purposes, such as:
- Providing insurance for DeFi protocols, smart contracts, and stablecoins to protect against risks like hacks or failures.
- Ensuring holders against stablecoin risks, especially those with substantial investments.
- Facilitating cross-chain insurance across multiple blockchain networks, enhancing security for widespread crypto assets.
- Offering leveraged portfolios to insure multiple assets or protocols in a cost-efficient manner.
What is the history of Bridge Mutual?
Bridge Mutual was founded by Mike Miglio and Lukas Napiorkowski, motivated by the idea of creating a permissionless and privacy-centric insurance platform. It launched in July 2021, quickly accumulating over $30 million in total value locked (TVL) and settling its first coverage claim soon after. The platform expanded to the Solana blockchain and has focused on becoming a multichain solution with integrations into different blockchain systems like Binance Smart Chain and Polkadot. As a DAO-governed platform, Bridge Mutual continues to grow within the crypto insurance market, improving its offerings and technology.
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Frequently Asked Questions (FAQs)
What is the current price of Bridge Mutual (BMI)?
The Bridge Mutual price is $0.00525693 AUD, representing a -12.26% from the day prior.
Where is the best place to buy Bridge Mutual (BMI) in Australia?
The best place to buy Bridge Mutual (BMI) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Bridge Mutual (BMI) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of Bridge Mutual (BMI)?
The trading volume of Bridge Mutual (BMI) is $3.3K AUD in the last 24hrs, representing a -12.26% from the day prior.
How can I buy Bridge Mutual (BMI)?
Bridge Mutual (BMI) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of Bridge Mutual (BMI)?
The current market cap of Bridge Mutual (BMI) is $338.9K AUD.
Can I convert Bridge Mutual (BMI) to cash?
Yes - With Coinstash you can convert your Bridge Mutual (BMI) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many Bridge Mutual (BMI) are there?
The current circulating supply of Bridge Mutual (BMI) is 64.7M.
Is Coinstash a safe place to buy Bridge Mutual (BMI) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Bridge Mutual (BMI) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.