AMA Session with Jorrit, Cynthia, & Christian from Bright Union
Guest: Jorrit Kooi (CEO), Cynthia de Wolf (Marketing Lead), & Christian van Paridon (Operational Lead)
Host: Iris at MEXC Global
Iris: Today, we’re honored to have Jorrit Kooi (CEO), Cynthia de Wolf (Marketing Lead), & Christian van Paridon (Operational Lead), in our community to give us a more intuitive introduction to their unique project.
Jorrit, Cynthia, Christian, would you like to say hello and introduce yourselves?
Cynthia: Hi, I’m Cynthia 🙋🏻♀️, Marketing lead, w/ +10 years experience, tech enthusiast + tree hugger. Started in the social good sector, acquired the lean + growth mindset there. Now freelancer and loves marketing innovative concepts and scaling emerging ideas. Have been involved in crypto projects since 2017
Alex: Hi I’m Alex i’ll also be joining! I’m fresh out of uni and super pumped to be working with Bright Union as i am a crypto enthusiast 💎💎
Jorrit: Hi! Thanks again for having us today. I’m Jorrit and responsible for leading the team and the strategic direction of the project. My previous experience is mainly in the field of investments, banking and financial advisory.
Christian: I am Chris — operational lead, i am an expert in scaling businesses, i am your guy if you want to get something done💪💪. Have been in crypto since 2016. Have a background in consulting and and loves surf adventures :)
We are a collection of experts in crypto, technology, finance and insurance ready to bring web3.0 to the insurance industry 🤓. We are based in Amsterdam + Utrecht. We all know each other from previous assignments and jobs.
Join the Bright Union Community and follow us on Twitter for updates!
🌐 Website > https://brightunion.io
🦄 Uniswap > https://bit.ly/3ieMkjs
📊 Dextools > https://bit.ly/3CWqeKS
📍 Telegram > https://t.me/brightunion
Questions about the project
Iris: What is Bright Union? Can you share with us more in detail?
Chris: 💎Bright Union is the world leading multichain compatible DeFi cover marketplace. https://brightunion.io/
🪓Crypto portfolios are growing exponentially but hacks and exploits put all your assets at risk; per week around $100,000,000 is lost in the crypto community
🚀Our mission is to safeguard your digital assets from the dark forces in crypto (hacks, smart contract failures and rug pulls) starting from 2.5% annually
Cynthia: In short are a crypto “insurance” comparison platform. At Bright Union you can protect your digital assets.
Iris: What triggers you to launch Bright Union? What are some of the real-world problems/ pain points that Bright Union aims to solve?
Chris: sure our business lead > Jorrit will pick this up
Jorrit: The main trigger for launching Bright Union was the a strong need for an transparant & user centric one stop shop for DeFi risk coverage. Our ambition is to simplify the market for DeFi coverage!
It is difficult to find all information and risk products and services in once place. We are solving that
The risk markets space is HUGE. Right now it’s not common yet that people want to protect their favorite tokens, but it is actually a no brainer. Right now traditional insurance companies are making a crazy amount of money. We believe it is time that the community shares in the profits by bringing rewards of running a risk pool back to the community. 😎
Look at that comparison module — guiding the users the whole way🔥🔥
Cynthia: We see it as our mission to make Defi a safer space to navigate in, so you can keep investing, lending and farming without worry.
Iris: What are some of the challenges that Bright Union currently faces? How do you aim to solve them?
Chris: Great question — we are actually solving many challenges!
🤝The users’ challenges are our challenges. High gas fees have been restricting people from getting covered and trading. We are overcoming these challenges by going multichain!
Here is a little scoop for you guys: Bright Union will be going live on Polygon and Binance Smart Chain next week!🔥🔥
🏆 In addition users love great investment opportunities
💎 That is why we will launch a suite of unique investment products
✅ Max return at minimum risk
👀Coming soon 👀
Iris: Are there any exciting news or updates with regards to Bright Union that you would like to share with the users?
Cynthia: Over the past two months we have achieved tri-fold IDO, Mainnet launch with three fully integrated partners and now we are very excited to go live with you MEXC.
Being listed on a centralised exchange will give our users more opportunities to trade and get rewards 👏
Chris: Well — first off — we are pretty excited about this 🔥🔥🔥
Cynthia: As we mentioned are also going multi-chain in a few weeks which wasn’t on the original roadmap. But we realised how important it is for our users and we adapted accordingly.
- Bright Risk Index
- multi chain
- Embedded coverage check the roadmap here: Cynthia: https://brightunion.medium.com/bright-union-roadmap-2021-e6a939dc981
Here is our updated roadmap!
Iris: If you were to summarize your project in ONE word, what would it be? Why?
Alex: It’s technically not one word but…… DeFi Insurance
We talk a lot about ‘coverage/cover/get covered’. We want to simplify and make it known that our offering is insurance for your digital assets against hacks, smart contract failures and more.
Q1: Due to the prevalence of scam projects in the crypto market, I would like to know the requirements that must be met before Bright Union decides to covers a risk product or do you insure all crypto assets regardless of their authenticity?
Alex: As an aggregator, Bright Union is bringing together and simplifying ‘insurance’ products which are made by our partners — Nexus Mutual, Bridge Mutual and InsurAce.
If a partner provides coverage for a protocol > we automatically provide coverage for this protocol.
Q2: What are the key milestones on your roadmap — both things you have already achieved and things that we can look forward to? Any partnerships and short/long term technical milestones that you want to talk about or bring some attention to?
Chris: At Bright Union we first and foremost build stuff! We have achieved quite some milestones in a short period of time and i can promise you we will keep delivering!
✅ 1. TRIFOLD IDO SALE : 5 AUGUST trifold IDO on Paid Ignition, Poolz and Moonstarter sold out within 1 Hour
✅ 2. BRIGHT STAKING : 10 AUGUST ~1.2m BRIGHT staked — LP Staking 350% APY
✅ 3. Mainnet launch : 14 SEPTEMBER — completed
✅ 4.CEX listing — today 29 September on MEXC
🔥🔥We are very excited about the Bright Risk Index — an investment opportunity providing maximum return at minimum risk coming soon — this will make the industry 10x better🔥🔥
Q3: What makes you feel confident about the survival & sustainable success of Your project in the near future?While you build your project, do you take into account community feedbacks and demands?
Cynthia: Hi Hazard, good question.
🚀 Assets protected by DeFi coverage have grown tenfold since the beginning of 2021, from $60 million in January to around $650 million at the time of writing. However, the entire DeFi market is currently valued at over $160 billion in total value locked (TVL), which means that less than one percent of the DeFi market is insured. So the market is huge!
🤝 Bright Union is closely partnered with Nexus Mutual, Bridge Mutual and InsurAce. These are the guys who make the coverage (insurance). As an aggregator, we are bringing together ALL of these products (over 130) into a single, user friendly interface. We believe in the potential of being an aggregator, like booking.com or 1Inch.
📢 Bright Union will be organized as a DAO. Members can do governance votes for changes to our protocol, the roadmap and treasury fund allocation. Our voting page just got live yesterday and Bright holders kan create and vote on proposals. https://vote.brightunion.io/#/
Q4: What is your strongest advantage that you think will make your team leading the market?
Jorrit: By far the strongest advantage that we have is our global team. We have carefully selected our team members from various areas of expertise, in crypto, non-crypto & insurance. The current team (which is already more than 20+ strong) is killing it so far which makes us very proud! 🔥🔥🔥 We are continuously onboarding new people. We’ve recently onboarded some new Dev & UI people and are very happy with that! 🙏
Q5: Does your project support staking program? if yes. how is your stake system work, what is the requirement for user if they want to stake in your platform?
hi @Rubyy2021 — good question!
Staking and other investment opportunities are great to build up TVL which helps build trust and credibility
Therefore we launched BRIGHT Staking just 5 days after our IDO Launch — we still have juicy APYs currently ( so i would say #startstaking
APYS: 50% and 350%
We will launch the Bright Risk Index soon — which will further help build TVL and which will propel Bright Union forward
Cynthia: Current APY’s:
- Bright staking: 49,7%
- Bright/ Uniswap LP staking: 335%
Check it here: https://app.brightunion.io/
Current staking APY’s:
💎 Bright staking: 49,7%
💎 Bright/ Uniswap LP staking: 335%
Check it here: https://app.brightunion.io/
MEXC Global: https://www.mexc.com/