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Bridge Mutual Partners with BSCstarter to Bring Innovative IDO Coverage to Investors

IDO risk coverage and security on Binance Smart Chain has arrived

Blockchain is the future, this is for certain. As this wonderful space grows and flourishes, more and more traditional markets and sectors will find their way into blockchain.

The global insurance sector is worth an estimated $4.34 trillion (Euler Hermes/Allianz), and, naturally, crypto insurance is a new and potentially prosperous frontier.

Bridge Mutual (BMI) is one such pioneer that has taken the blockchain risk coverage space by storm. Launching on our polka namesake, Polkastarter, the potential the crypto community saw in BMI was undeniable.

With a hugely oversubscribed whitelist, BMI went on to list on Uniswap, where it has since experienced a 44x on presale price at ATH.

At its heart, Bridge Mutual is a disruptive, decentralised, discretionary coverage application, that aims to be transparent, fair, quick and efficient — granting governance, yields and profit to token holders.

Security & reassurance for both IDOs and investors

Although no launchpad can predict what a project will do when it launches on the open market, thanks to our partnership with Bridge Mutual, the BSCstarter launchpad can cover IDO investors from permanent loss of funds due to hacks, rug pulls, or exploits.

As many of our $STARTers will have learned by now, with each iteration and update we make to the platform, user interface and experience is of the utmost priority.

And with the integration of Bridge Mutual’s various coverage options, this mantra will be continued.

All IDOs who have successfully completed a raise, and every $START staking IDO buyer, will have the ability to take out risk coverage for losses incurred due to hacks, rug pulls or exploits by simply interacting with a widget built into the BSCstarter website.

As BSCstarter legal advisor Lionel Iruk says,

“It is an unfortunate reality that the world of crypto is still open to hacks and exploits, although knowledge and security are improving every day, no technology is impenetrable.

That is why forward-thinking & innovative organisations such as Bridge Mutual are a welcome addition, with their risk coverage options they bring an element of certainty and security to investors throughout the market and, thanks to our partnership, these options will be directly available for $STARTers too”.

We are excited to get $STARTed building in Bridge Mutual’s innovative risk coverage offering to the platform, bringing unparalleled security to every investor and IDO on BSCstarter. Stay tuned for development updates.

About Bridge Mutual

Bridge Mutual is a decentralized, p2p/p2b discretionary risk coverage platform that provides coverage for stablecoins, centralized exchanges, and smart contracts. Its platform allows users to provide coverage, decide on policy payouts, as well as share profit and get compensated for adjudicating claims.

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