A simplified overview of the Bridge platform
I’ll start off with an explanation of the initial platform :
The Bridge platform will allow crypto holders to invest in stocks while never leaving the crypto space. They will be able to make an agreement with a stock-holder to take on the gains or losses of a particular stock, over a fixed period of time, by entering into an equity swap contract with the stock owner.
For the holders of stocks, creating this contract will allow them to safeguard themselves in the event of a stock price decrease (at the cost of foregoing any potential gains.) This technique, called hedging, is currently unavailable to users on platforms like Robinhood or Acorns — popular stock trading applications.
So in short : it opens up all of the crypto world to investing in the stock market while also allowing stock app users to hedge, while still holding their stock.
Advanced, to-come feature, but important :
Once the platform goes live, lending will increasingly become a bigger part of the platform. This will facilitate the borrowing of BFT tokens against your crypto assets, or stock assets — allowing you to leverage your portfolio for a loan.
For crypto users, they will be able to borrow BFT tokens using another crypto asset, and use it freely within the Bridge platform.
For stock owners, it will allow borrowing against their stock assets, through a broker, and receive a loan in BFT tokens — which can be used to purchase any other token on the platform.
Team:
The team is fully visible via the Bridge Finance platform where you can view each of their profiles via LinkedIn below:
Cosmas Chiruka: CEO & Co-Founder.
https://www.linkedin.com/in/cosmas-chiruka-94695121/
Andrew Ginda: CTO
https://www.linkedin.com/in/andrew-ginda/
Gibson Mukarakate: Senior Developer & Co-Founder
https://www.linkedin.com/in/gibson-mukarakate-b8a56429/
Tinashe Mutangadura: Senior Developer
https://www.linkedin.com/in/tinashemutangadura/
Token Metrics:
The fundraising goal for both the private and public sale is just $240,000 USD.
The Private sale sold out on the 27th November 2020, hitting the hard cap of $140,000 USD.
The public sale is due to commence on the 5th of December with a hard cap of $100,000 USD.
Important links:
Bridge Finance:
Website: https://www.bridgefinance.net/
Twitter: https://twitter.com/_bridgefinance
Telegram: https://t.me/bridgefinance
Medium: https://bridgefinance.medium.com/
The Selective Ape Community
Telegram Chat: https://t.me/TheSelectiveApe
Telegram Announcements: https://t.me/TheSelectiveApes
Twitter: https://twitter.com/ApeSelective
