|All Time High:
|The price of #BMI today is $0.00506 USD.
The lowest BMI price for this period was $0, the highest was $0.00506, and the current live price for one BMI coin is $0.00506038.
The all-time high BMI coin price was $5.49.
Use our custom price calculator to see the hypothetical price of BMI with market cap of ETH or other crypto coins.
|The code for Bridge Mutual crypto currency is #BMI.
Bridge Mutual is 3.1 years old.
|The current market capitalization for Bridge Mutual is $809,662.
Bridge Mutual is ranked #878, by market cap (and other factors).
|There is a modest daily trading volume on #BMI.
Today's 24-hour trading volume across all exchanges for Bridge Mutual is $36,520.
|The circulating supply of BMI is 160,000,000 coins, which is 100% of the maximum coin supply.
|Note that there are multiple coins that share the code #BMI, and you can view them on our BMI disambiguation page.
Bridge Mutual Partners with Olive Protocol to Protect Assets
Bridge Community, Bridge Mutual will be providing coverage to Olive, a multi-chain protocol primarily known for combining DeFi’s inherent composability with structured products to amplify yields without exposing users’ funds to principal or credit risks. The beauty of Olive Protocol lies in its simplicity. Olive has a vault structure, which abstracts away all of the complexities of structured products, such as underwriting, pricing, juggling strike prices and rollover. Instead, users have to deposit assets in their favoured strategy, and Olive’s auto-compounding vaults take care of the rest. Olive already has one of the largest suites of structured and options products in the form of: Principal Protection Notes, Fixed Coupon Notes, Covered Call, Cash-Covered Put, Bridge Mutual’s partnership with Olive Protocol provides DeFi users with protection against the increasing number of hacks and exploits targeting the market. In 2022, the total amount of money stolen through such attacks reached more than $3 billion and the trend continues to rise. Bridge Mutual is providing additional security measures, risk protection and coverage options to the Olive Protocol. The steps taken will allow Olive users to feel confident using the protocol in the DeFi market. Bridge Mutual has been working diligently since its inception. The company plans to continue strengthening its partnerships, improving its products in order to help r...
Bridge Mutual Releases De-pegging Coverage
Bridge Mutual Community, We are pleased to announce the launch of our latest insurance product: De-pegging Coverage. It provides users protection in the event a stablecoin falls significantly below its pegged price. What are stablecoins? Stablecoins are cryptocurrencies that have a value pegged to some external reference, usually a fiat currency. They maintain reserve assets as collateral and use algorithmic formulas to control supply. This makes them useful as mediums of exchange because their value is less volatile than most other cryptocurrencies. For example, USD Coin (USDC) is a cryptocurrency that’s pegged to the US dollar and commonly used as a medium of exchange in cryptocurrency exchanges. What are the risks associated with stablecoins, and how can stablecoins depeg? A stablecoin depegs when it no longer maintains its value pegged to a fiat currency, or any other asset with a stable value. For example, if a USD-pegged stablecoin sustained a drop in value below $1, the coin would be depegged. The recent loss of the UST peg to the USD is a classic example of how this can occur. A sudden depegging is often caused by one of the following factors: Mismatched Reserves: A stablecoin that is not backed 1:1 with an asset may lose its peg if the issuing entity breaks its obligations. However, this mismatch may not be known to markets, because it conflicts with the interests of the stablecoin issuer. Markets Outperform The A...
Bridge Mutual Partners with QuickSwap to Protect Assets
Bridge Community, Bridge Mutual are proud to partner with Quickswap, a layer 2 decentralized exchange and automated market maker (AMM) built on the Polygon network. The collaboration allows Quickswap users to purchase insurance against future smart contract hacks, bugs or exploits. QuickSwap, a fork of Uniswap, was launched in October 2020. QuickSwap is a layer 2 Decentralized Exchange that was released four months after Polygon’s mainnet went live. QuickSwap uses the AMM model to create liquidity pools of tokens that users can access to swap. Anybody can start providing liquidity by depositing a pair of coins in equal value via the QuickSwap smart contract. QuickSwap’s AMM model rewards liquidity providers with a 0.3% fee shared proportionally based on their contributions. Quickswap version 3 is scheduled for launch in early October. It is a newly upgraded version of the platform. Quickswap V3 protocol offers concentrated liquidity similar to UniSwap V3, but will be more efficient because it provides dynamic fees that adjust based on volatility. Instead of the 0.3% trading fee, the new V3 DEXs will offer variable rates. The average swap on Quickswap V3 is expected to be between 0.1% and 0.15%. When traders swap from one stable to another stable, the fee will be low because they aren’t volatile assets. When traders swap between more volatile assets, the fee will be higher to decrease the risk of Impermanent Loss (IL) fo...
Bridge Mutual August Monthly Report
Bridge Mutual Community, Bridge Mutual had many achievements in August 2022. We’re looking back on our successes and preparing for the future. We have accomplished a great deal towards our objectives and are confident that we will continue to do so. New Listings In August 2022, Bridge Mutual added Lido Finance and Linear Finance as new coverage pools to its platform. By partnering with leading projects, Bridge will expose users to new and innovative ways to protect themselves against DeFi crimes. Bridge has already whitelisted multiple projects on its platform, but it plans to continue expanding the number of projects for which it provides coverage. The goal is to increase benefits for users and grow the utilization of the $BMI token.. Expansion to Binance Smart Chain In August, Bridge Mutual completed its expansion to BNB Smart Chain, achieving cross-chain functionality. BNB is the leading layer 1 blockchain with a massive user base, handling the highest peak EVM transactions with economical fees. It is a significant milestone in Bridge Mutual’s growth, as it unlocks new opportunities to users who can purchase and underwrite some of the largest protocols in the BNB DeFi ecosystem worth over $5.2 billion. Bridge users will also be able to purchase coverage for their favorite Binance Chain projects at lower premiums. Upcoming Features Bridge Mutual deployed Polygon into the Quality Assurance (QA) environment in August. T...
Bridge Mutual Expands To Polygon
Bridge Mutual Community, Bridge Mutual has expanded its insurance protocol onto the Polygon chain. We are proud to have made this milestone and are confident that it will strengthen our position in the market. We will examine the release in more detail and explain its ramifications for our users as we advance to the next phase of our platform’s development. The Polygon DeFi Ecosystem is the largest outside of Ethereum. This expansion means that our users can purchase coverage for their favorite Polygon protocols at lower premiums, which will lead to an increase in the number of transactions and total value locked (TVL) for Bridge Mutual. The APYs for policy underwriters will also increase. The BMI token is also taking a major step toward connecting, administering, and rewarding users across multiple blockchains. Why did the BMI team decide to develop Bridge Mutual on Polygon? The decision to launch on Polygon was a natural next step in our company’s growth. We always planned to expand to Polygon as we worked on perfecting our Ethereum and BNB based protocol. Polygon offers a high transaction throughput of 7,000 transactions per second. They solve common blockchain pain points, offering low gas fees and high speeds without sacrificing security. Bridge Mutual has completed its cross-chain expansion to Polygon Chain, a significant milestone in its growth plans. The development unlocks new options given Polygon’s Total Valu...
Bridge Mutual Partners with Linear Finance to Protect Assets
Bridge Community, We are proud to partner with Linear Finance, a cross-chain compatible, decentralized delta-one asset protocol. That enables users to get synthetic exposure to various assets, including cryptocurrency, commodities, and market indices. The collaboration allows Linear Finance users to purchase coverage against future smart contract hacks, bugs or exploits. Users can also underwrite the Linear Finance coverage pool for an attractive yield. Linear Finance launched in September 2020 to build the first cross-chain delta-one protocol. The company’s $LINA token powers its platform, which allows users to trade liquid assets with low slippage and low gas fees. The linear exchange offers a wide variety of liquid currencies for trading, including BTC, ETH, BNB, YFI, as well as managed indices from which users can gain exposure to multiple assets in a single trade. Risks can be unpredictable in the DeFi space. Bridge Mutual is more than willing to provide its risk coverage application to help eliminate as many hacks and exploits as possible. With that being said, Bridge Mutual can now offer its risk coverage application to protect against unexpected events that could jeopardize Linear Finance users. We’re pleased to announce a collaboration with Bridge Mutual, which has built out a comprehensive risk coverage platform. This not only allows Linear users to purchase additional coverage on our protocol, but allows users...
Bridge Mutual Expands To BNB Smart Chain
Bridge Mutual Community, Bridge Mutual has completed the expansion onto the BNB Smart Chain. We believe that this is a significant step forward in our roadmap and are delighted to have achieved this milestone. As we take this momentous step forward, we delve deeper into what the release involves and what’s next for Bridge Mutual. The BNB Smart Chain Ecosystem is the biggest blockchain ecosystem outside of Ethereum. This expansion means that users can purchase coverage for their favorite BNB projects at lower premiums. Policy underwriters will also receive much higher APYs. As for the BMI token, this is the first step toward becoming a token that will connect, administer and provide rewards across many other chains. Why did the BMI team decide to develop Bridge Mutual on BNB Smart Chain? Going multi-chain was a natural next step that has been on the internal roadmap from the beginning. As we worked on fleshing out and improving our Ethereum-based protocol, expanding to BNB Smart Chain was always on the agenda. Bridge Mutual expanded to BNB Smart Chain because it is the best-performing EVM compatible layer 1 blockchain with a massive user base. BNB Chain handles the largest daily active users and has the highest peak EVM transactions with economical fees. The completion of the Bridge Mutual expansion to BNB Smart Chain marks a significant milestone in its growth. As it unlocks new options given BNB Smart Chain Total Value L...
Bridge Mutual H1 2022 Report
Bridge Mutual Community, Much has happened at Bridge Mutual in the first half of 2022. It’s time for us to look back, reflect on our achievements and prepare for what’s coming. This year has been a very busy and successful building period for Bridge Mutual. We made successful strides toward our objectives, roadmap, and we’re confident we will continue to do so. TL; DR We released our second-quarter roadmap, which included new features such as going cross chain., Coinbase Wallet Integration was a success., Cross Chain Development for Binance Smart Chain and Polygon chain were completed efficiently., New coverage pools are available for BSC and Ethereum projects., We’re offering a bridge for our BMI token. You can now send your BMI tokens via an internal bridge to any other network we are on and use our platform., Bridge Mutual has reduced its premium pricing for cheaper policy costs., Allowance improvements reduce gas fees and the need to repeat transactions., We have redesigned our voting process to make it as efficient as possible based on input from the community., Improved withdrawal logic, lowering withdrawal request times., Bridge Mutual Roadmap On April 11, we released our Q2 roadmap, which includes the milestones we have already been working on. You can view the full roadmap here. Coinbase Integration We announced the completion of the Coinbase Wallet integration on April 14th. Coinbase is one of t...
Bridge Mutual Partners with Lido Finance to Offer Insurance for Lido Staked ETH (stETH)
Bridge Community, Bridge Mutual is thrilled to announce its new partnership with Lido Finance — the industry leader in liquid staking. It has a priority in contributing to ecosystem improvement, increasing blockchain decentralization, and making staking benefits available to all participants. The collaboration will enable users to purchase coverage for Lido’s stETH and underwrite insurance for Lido’s stETH for an attractive yield. The availability of DeFi insurance will protect Ethereum stakers from future hacks and other technical mishaps. The partnership will provide Lido users with the following additional layers of security: By being inclusive and transparent, we can provide a safer staking experience for Lido users., Demonstrate Lido’s efforts to protect stakers by building trust between the Lido DAO and Ethereum stakers., Lido will offer coverage that stETH holders can purchase and use to protect themselves in the event of a security breach., Lido went live in December 2020. The platform sought to simplify the Ethereum staking experience, mitigating several challenges associated with the process and democratizing staking for the average ETH holder. Ethereum is scaling, and Lido is following suit. Recently, Lido unveiled their expansion plans for Lido on L2, starting with an expansion of stETH across the growing L2 DeFi ecosystem. For Ethereum stakers, this means lower fees and the ability to access a new ...
Bridge Mutual Updates Report
Bridge Mutual Community, TL; DR Bridge Mutual was recognized and featured on Coin Bureau in their recent video: “Crypto Insurance: Why You NEED It”, as one of the handpicked DeFi risk coverage applications in the industry., Mike Miglio and Lukas N. hosted a community AMA on our Twitter Spaces to discuss development updates, fixes, and plans on becoming multi-chain., Abracadabra Money was whitelisted as a new coverage pool on the platform, enabling Abracadabra users to purchase coverage for their investments., Bridge Mutual released its Q2 Roadmap with new features such as Coinbase Wallet Integration, BNB Smart Chain, and Polygon., Coinbase Wallet Integration was successfully implemented., Bridge Mutual reduced premium pricing for cheaper policy costs., Why You NEED Crypto Insurance In the past couple of months, we have taken progressive steps towards our objectives. On February 22, 2022, Coin Bureau featured Bridge Mutual in their Youtube video: “Crypto Insurance: Why You NEED It”. Coin Bureau provides in-depth organic insights and reviews of many highly-requested crypto projects, and we were excited to see Bridge Mutual being acknowledged for its decentralized insurance protocol, attractive features, and our professional team. medium.com Community AMA On March 3, 2022, Bridge Mutual hosted a community AMA on its own Twitter Spaces, where Mike and Lukas discussed the heavy impact the current Ukraine and Russia situa...
More Bridge Mutual (#BMI) News
|Monkey Drainer Steals $1M Worth of Crypto in Elaborate Phishing Attack
A phishing scammer who goes by the name - Monkey Drainer - has reportedly stolen 700 ETH worth over $1 million, as per on-chain sleuth 'ZachXBT.'
The two largest victims - 0x02a and 0x626 - collectively lost $370k after signing transactions on malicious phishing sites operated by the perpetrator.
One of the victims, 0x02a, reportedly lost 1 Bored Ape Yacht Club (BAYC) collection, 1 CloneX, 36,000 USDC, and 12 other non-fungible tokens (NFT) totaling around $150,000.
The other one, 0x626, held more than $6.2 million worth of crypto but ended up losing only $220k because they rejected the other transaction requests, added ZachXBT.
Over the past couple of weeks, Monkey Drainer has managed to scam multiple users. The researcher detailed that the total amount stolen in the scam surpasses $3.5 million and is on a rapid increase.
So far, the fraudulent entity has been active for a few months, during which they executed over 7,300 transactions.
'Please be extra diligent before visiting unknown sites, connecting your wallet, and signing transactions.'
ZachXBT accused popular crypto influencer Lark Davis of shilled low-cap projects such as - SHOPX, BMI, PMON, XED, and APY - before dumping them on unsuspecting members of the community. In doing so, he reportedly raked in $1 million.
2022 has been a tough year for the crypto market, but that hasn't deterred the crypto-focused phishing attacks across social media sites.
Social media channels - Discord, Telegram, and Twitter - have...
|Lark Davis Dismisses 'Ridiculous' Pump and Dump Allegations
On-chain sleuth ZachXBT strikes again. This time, he has leveled some serious allegations against popular crypto influencer Lark Davis. The latter, on the other hand, claims that he didn't do anything wrong.
The pseudonymous detective previously pointed the finger at American YouTuber Logan Paul for promoting several pumps and dump schemes earlier this year. The influencer was accused of milking his followers with NFT projects.
Citing eight instances, ZachXBT alleged that Davis promoted low-cap projects before dumping them on unsuspecticommunity membersity. In doing so, he reportedly amassed $1 million.
The first instance dates back to February 2021, when an address linked to Davis received 62,500 UMB tokens right after its promotion. The wallet dumped them almost immediately after the promotion, churning a profit of $136,000. ZachXBT found a similar pattern for DOWS tokens as well, wherein Davis is said to have earned $56,000 after dumping the assets he endorsed just hours earlier.
Since then, Davis has allegedly shilled SHOPX, BMI, PMON, XED, and APY after their launch and offloaded a chunk of the tokens he received for the promotion.
According to ZachXBT, all the crypto projects promoted by Davis had 'awful' tokenomics, which is why many of them 'went to zero' even before the onslaught of the bear market. He further said it is quite normal for crypto influencers to participate in seed rounds and share projects they genuinely like as long as it is done transpare...