CRYPTO BRIDGE

in #cryptocurrency6 years ago

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Crypto Bridge is new DEX on Bitshares ecosystem that took my attention lately and I have used this dip in market to start position in BCO , tokens that share profit of Crypto Bridge to BCO stakers.

I like DEX, although I have invested in COSS (I have post about it https://steemit.com/cryptocurrency/@cicbar/coss) which is not decentralized exchange but also share profit to its holders. I believe that decentralized exchanges are future and when people figure out that they can do same things on DEX like on regular centralized exchanges but without need to trust anyone, then Crypto Bridge and other DEX will reach their full potential. No need to trust Crypto Bridge and other DEX means that they do not hold or have access to your private keys.

Crypto Bridge still have limited number of coins possible to trade but they are very active in bringing new coins on the exchange. Almost every week few new coins are available for trade.
Recent volume is around 1-2M and good thing is that most of volume is coming from small cap coins. They have plan to implement ETH and ERC20 tokens soon and with that volume will go up for sure.

1 ALQO ALQO/BTC $135,329 $0.864214 17.46% Recently
2 Aerium AERM/BTC $101,665 $0.009856 13.12% Recently
3 SmartCash SMART/BTC $91,734 $0.318119 11.84% Recently
4 Litecoin LTC/BTC $90,012 $126.61 11.61% Recently
5 Ignition IC/BTC $46,500 $12.40 6.00% Recently
6 BridgeCoin BCO/BTC $44,888 $3.37 5.79% Recently
7 Electra ECA/BTC $31,606 $0.001696 4.08% Recently
8 Experience Points XP/BTC $31,409 $0.000495 4.05% Recently
9 ColossusCoinXT COLX/BTC $28,937 $0.002474 3.73% Recently
10 HTMLCOIN HTML/BTC $19,520 $0.001428 2.52% Recently
11 Bitcoin BTC/BTS $17,874 $7,214.09 2.31% Recently
12 EOT Token EOT/BTC $16,317 $0.016892 2.11% Recently
13 MonaCoin MONA/BTC $14,668 $3.29 1.89% Recently
14 Bitzeny ZNY/BTC $14,238 $0.063610 1.84% Recently
15 Experience PointsXP/MONA$11,483 $0.000485 1.48% Recently
16 Bitcoin Cash BCH/BTC $7,608 $909.92 0.98% Recently
17 Madcoin MDC/BTC $7,516 $0.378540 0.97% Recently
18 Crave CRAVE/BTC $5,568 $0.368724 0.72% Recently
19 Magnet MAG/BTC $5,197 $0.607092 0.67% Recently
20 FORCE FOR/BTC $4,779 $0.028641 0.62% Recently

Brridgecoin BCO is Crypto Bridge native token that aloud profit sharing to token holders. To participate in profit sharing you need to stake(lock) your tokens. If longer you lock than higher percentage of profit you share.

1 Month (0% Bonus)
3 Months (20% Bonus)
6 Months (50% Bonus)
12 Months (100% Bonus)

During the staking period, you will automatically receive bi-weekly payouts to your account on CryptoBridge. The longer you stake your BCO, the higher your staking factor(bonus) will be. Staking for 3 months gives you 20% more additional BCO during staking. If you stake your BCO for 12 months, it would essentially be like you staking 100% more of your BCO token.

This doesn't mean that if you stake BCO for 12 months that you will receive 100% more tokens at the end of staking period. You just get 100% higher percentage of profit sharing.

Profit is shared in all coins that are traded on Crypto Bridge. I like the idea that you get small peace of everything.

On their website there is explanation about difference between Crypto Bridge and Bitshares:

"Crypto Bridge is not a fork of BitShares/Graphene, it runs on top of the BitShares blockchain, much like other BTS Exchanges do. However, there are two main differences to any other BitShares Exchange:

Crypto Bridge provides more decentralization when it comes to the gateways, normally a BTS Gateway is a central point of failure because the Gateway is just operated by the company owning the exchange. The user is dependent on the gateway to deposit/withdraw his funds. In Crypto Bridge, a federated distributed network of gateways, operating world-wide, makes sure that there is no single point of failure whatsoever. In fact, this network will continue to operate if CryptoBridge (the development company) goes out of business."

There is only 27.000.000 of BCO and at today's price of 3.4$ I think that is very good moment to start position if you like Crypto Bridge.

This is not investment advice, this is only my opinion and you should do your own research.

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