Protecting our community; TotemFi enters into strategic partnership with Bridge Mutual
TotemFi is proud to announce our partnership with Bridge Mutual ($BMI), the industry-leading decentralized p2p/p2b discretionary risk coverage platform.
Bridge Mutual seeks to revolutionize traditional risk coverage with their transparent, decentralized, and discretionary coverage application which allows users to insure each other’s risks. The Bridge Mutual team has been working hard every hour of the day to eliminate risks and ensure the best user experience, and as a team they have established a solid partnership rhythm with rewarding projects.
This partnership will safeguard the values within TotemFi’s ecosystem by integrating Bridge Mutual’s decentralized and discretionary risk coverage application into TotemFi’s platform. This will allow users to seamlessly purchase coverage for their values. In addition, Bridge Mutual also covers smart contracts, stablecoins, exchanges, and many other valuables within the DeFi space.
Bridge Mutual and TotemFi are providing a credible security system for users to easily and confidently protect their activities. Bridge Mutual’s insurance solution will go live with TotemFi’s dApp in H2 2021, with a security widget integrated directly onto the platform for best accessibility.
Mike Miglio, CEO of Bridge Mutual, commented on the partnership stating: “Bridge Mutual is impressed with TotemFi’s fresh and interesting take on prediction markets, and is excited to support and work together with such an innovative and talented team. Security is at the heart of all DeFi systems, and we’re happy to be the platform that will help to provide that security to TotemFi.”
Jolyon Layard Horsfall, CEO of TotemFi, stated: “We’re incredibly proud to be partnering with a firm as transparent, fair, and disruptive as Bridge Mutual. They have built up an impeccable reputation for providing the most stringent and trustworthy risk coverage solutions in the industry, and we have no doubt that this partnership will be a major value-add proposition for our user-base”.
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.
Get the latest on Bridge Mutual here:
TotemFi is a Decentralized Finance (DeFi) prediction platform which offers Bitcoin and native token rewards. The Decentralized Application (dApp) will utilize blockchain technology to solve issues with traditional markets. The protocol will harmonize incentives for individuals and the collective, as both sets are rewarded for their ability to forecast the future price of a given cryptocurrency (initially bitcoin). In addition, users are not penalized for inaccurate predictions. The aim is to broaden participation with our protocol as incumbent markets are typically complex with high financial risk for inaccuracy, which acts as a barrier to entry.