It’s important for us to answer as many questions from as many different cryptocurrency communities as possible. We’ve made it a priority to reach out to a variety of groups, many with users interested in defi, that can see the benefits that decentralized insurance can bring to the defi ecosystem. We held an AMA yesterday in the Wolf Crypto Group, they had some really interesting and high level questions we were able to answer for them.
Winston Wolfe | Wolf Crypto, [10.01.21 16:00]
[In reply to Mike Miglio]
The man himself, it’s that time again…Channel has been muted while we do the AMA
Winston Wolfe | Wolf Crypto, [10.01.21 16:00]
Welcome to another edition of Wolf Crypto AMA…
Winston Wolfe | Wolf Crypto, [10.01.21 16:01]
Today we have Mike Miglio from Bridge Mutual joining us!
Winston Wolfe | Wolf Crypto, [10.01.21 16:01]
Mike, it’s our pleasure to have you here today…as much as a pleasure as one can have talking to a lawyer that is!
Winston Wolfe | Wolf Crypto, [10.01.21 16:01]
Speaking of which, how does a lawyer firstly get involved in the crypto space and secondly involved…as CEO no less, of a crypto insurance project?
Mike Miglio, [10.01.21 16:02]
Hey 🙂 Thanks for having us.
Mike Miglio, [10.01.21 16:04]
Well, before I was a licensed lawyer I was a crypto investor. I started a crypto law firm right away, servicing only crypto projects that needed help navigating U.S. crypto regulations. As a firm we ended up doing very well, servicing clients like QTUM, Akropolis, Gate.io, NOIA and many others.
As for how I got involved in “insurance” on blockchain, the founders saw a clear need in the space for a better insurance solution and we just began theory crafting one into existence. We quickly realized the idea was gold and that, between us, we had all the necessary components to turn it into a solid project.
As it turns out, insurance on the blockchain is significantly different from traditional insurance models — you don’t need an insurance background to understand how our model works (although we do have insurance experts on the team.)
Winston Wolfe | Wolf Crypto, [10.01.21 16:05]
I’ve got a lot more ask and talk about when it comes to crypto insurance, as not only is it desperately needed in a space where it seems we get at least one rug a day…as you and the founders correctly identified, but it’s also starting to become one of the hottest crypto narratives out there.
Winston Wolfe | Wolf Crypto, [10.01.21 16:06]
Before we get to that though, tell me more about the team behind Bridge Mutual. I’m assuming despite your wide and varied experience in the crypto space Mike, you’re not building this one on your lonesome.
Winston Wolfe | Wolf Crypto, [10.01.21 16:06]
Who else is involved in Bridge Mutual and what is their experience in the crypto or insurance spaces?
Mike Miglio, [10.01.21 16:06]
That question would take a very long time to answer thoroughly, so I’ll give you a short list if that’s alright.
Winston Wolfe | Wolf Crypto, [10.01.21 16:07]
Go for it
Mike Miglio, [10.01.21 16:08]
We have 2 international crypto attorneys, a director at a famous U.S. crypto exchange, an accomplished marketing guru with insane connections, an experienced marketing coordinator, a content writer that also works for a crypto news site, 5 experienced and talented devs (including our CTO that is an OG in the space), 4 quantitative analysts/mathematicians, a product manager, 2 insurance experts, and 2 graphics and web designers.
Mike Miglio, [10.01.21 16:08]
We also have a slew of advisors and 3rd party service providers backing us for the long-term, such as Tyler Ward (co-founder of BarnBridge), and Michal Terpin (long-time OG that runs a PR company that does work for a big chunk of the top100 projects.) Our advisors are people at the top of the crypto food chain.
Mike Miglio, [10.01.21 16:09]
that’s all 🙂
Winston Wolfe | Wolf Crypto, [10.01.21 16:10]
[In reply to Mike Miglio]
Tyler is from BarnBridge right?
Winston Wolfe | Wolf Crypto, [10.01.21 16:10]
Another Bridge lol
Mike Miglio, [10.01.21 16:10]
oops
Mike Miglio, [10.01.21 16:10]
I meant to put BarnBridge… Check them out: Barnbridge.com, top quality project 🙂
Winston Wolfe | Wolf Crypto, [10.01.21 16:10]
Haha there are a lot of Bridges in crypto 😉
Mike Miglio, [10.01.21 16:10]
Names are unrelated
Winston Wolfe | Wolf Crypto, [10.01.21 16:11]
Lets talk more about your Bridge though…
Winston Wolfe | Wolf Crypto, [10.01.21 16:11]
Before we get into the general topic of insurance and crypto insurance, let’s hear your elevator pitch on what Bridge Mutual is and what problem you’re trying to solve in the crypto space?
Mike Miglio, [10.01.21 16:13]
Sure, Bridge Mutual is a decentralized, dao-managed, permission-less, p2p/p2b discretionary insurance platform that allows users to provide or purchase coverage for smart contracts, centralized exchanges, stablecoins, and other centralized crypto service providers. More products will come late this year.
Mike Miglio, [10.01.21 16:13]
We are aiming to create a balanced, scalable and efficient way for users to quickly provide or purchase discretionary insurance policies without any centralized layers.
Winston Wolfe | Wolf Crypto, [10.01.21 16:14]
So let’s talk a little of the traditional world of insurance before we get into the crypto side of things.
Winston Wolfe | Wolf Crypto, [10.01.21 16:14]
What do you see as the main commonalities between the legacy world of insurance and the crypto world…and what are the main points of difference for you?
Winston Wolfe | Wolf Crypto, [10.01.21 16:14]
I’m especially interested in the structural component of both worlds, as the “mutual” aspect of your product is something that I believe is quite different to most traditional insurance structures?
Mike Miglio, [10.01.21 16:15]
As you guessed, traditional insurance and Bridge Mutual are two very different animals entirely. The commonalities are few and far between, aside from the fact that they both allow people a chance to mitigate or offset their risk.
Mike Miglio, [10.01.21 16:17]
The main points of difference are that with insurance companies, a user is entering into an agreement with a centralized insurance company who’s incentives are nearly always adverse to the policy holder. Insurance companies have an absolute conflict of interest in approving a user’s claim. Traditional insurance is so broken that society has rely on extreme governmental regulation to force insurance companies to operate more fairly. The system is very opaque for the policy holder in a traditional claims process, and claimants often have to threaten to sue in order to receive payouts they deserve.
Mike Miglio, [10.01.21 16:19]
Bridge Mutual uses a mutual model wherein its users collectively share risk amongst themselves by buying and selling coverage and adjudicating their own claims internally as a collective. The token helps to align incentives between the claimant and the rest of the community, as denying a valid claim would hurt the mutual’s reputation and affect the price of the token, which all users are holding. There is also an advanced reputation system, rewards, and punishments in place that heavily incentivize users to act in an honest and fair way even if paying out a claim would mean hurting their own pockets temporarily.
Mike Miglio, [10.01.21 16:20]
My DMs are going off the chain right now lol..
Winston Wolfe | Wolf Crypto, [10.01.21 16:21]
[In reply to Mike Miglio]
Nice, we’ll speak more on the token side of things in a bit
Winston Wolfe | Wolf Crypto, [10.01.21 16:21]
[In reply to Mike Miglio]
Haha, its nice to be popular!
Winston Wolfe | Wolf Crypto, [10.01.21 16:21]
Obviously insurance in crypto wasn’t really a thing until DeFi came along and changed EVERYTHING…of course we had a few CeFi entities who said they were insured but that was never really put to the test and certainly not in a decentralised manner.
Winston Wolfe | Wolf Crypto, [10.01.21 16:21]
Now we live in a DeFi based world, and as I alluded to in the intro for the AMA, it seems we have some sort of rug pull, smart contract exploit, flash loan attack or just general fuckery every…single…day…|
Winston Wolfe | Wolf Crypto, [10.01.21 16:21]
I’d love to hear your general take on the DeFi space and how it’s maturing…or not…as it ages, and I’m especially interested in your thoughts on it from a regulatory perspective with your crypto lawyer background…
Mike Miglio, [10.01.21 16:25]
I agree, the DeFi space is a bit of a cluster f*ck right now. Everyone is FOMOing face-first into projects run by anonymous teams they know nothing about on the promise of a potential 100x because they have nice graphics and a cool idea. The risks and rewards are great, it’s definitely 2017 again. With the advent of insurance, I think DeFi investor culture will change to be more cautious and educated. For example, the Bridge Mutual platform incorporates a Proof of Loss system, meaning that it is the claimant’s responsibility to carefully document their asset holdings so that they can upload this information/evidence to the network in the event a platform gets hacked or rug-pulled and they need to make a claim. All uploaded evidence can be seen by the rest of the community that is voting on that claim.
Mike Miglio, [10.01.21 16:28]
I guess I should disclaim that even though I’m a lawyer, my opinions are my own and are not meant to be legal opinions or advice. From a regulatory perspective, nothing that is decentralized fits neatly within the box of modern-day law. In general, it is difficult to regulate something or someone when you can’t physically stop it or digitally stop its cash flow, and you don’t know who is controlling it. In the real world, we have systems for tracking people down or crippling them financially by seizing their assets and freezing their accounts. In the crypto world, that generally isn’t possible. For example, if a DAO breaks a law in a specific jurisdiction, there is no feasible way to bring that DAO to its knees and force it to comply with your legal demands. The DAO could be run by hundreds or thousands of people across a hundred different countries, and ownership is transferred instantly via the token, so it’s a very slippery beast.
Mike Miglio, [10.01.21 16:29]
In my opinion, decentralized systems present a lot of problems for regulators, but a lot of solutions for humanity. I’m not sure they can or should be stopped, the world governments should just do their best to adapt and embrace the changes.
Winston Wolfe | Wolf Crypto, [10.01.21 16:30]
[In reply to Mike Miglio]
Vote Mike for President!
Winston Wolfe | Wolf Crypto, [10.01.21 16:30]
With that background out of the way, both from a traditional insurance side of things and the DeFi ecosystem you sit within, let’s talk about competitors in the space, before we break down Bridge Mutual in its entirety.
Mike Miglio, [10.01.21 16:30]
yes, that too. 2040.
Winston Wolfe | Wolf Crypto, [10.01.21 16:31]
One thing I noticed in your pitch deck was that you only have a direct comparison to Nexus Mutual, and it’s phrased as the “only serious competitor”.
Winston Wolfe | Wolf Crypto, [10.01.21 16:31]
I’d love to hear why you think this is the case, and why projects such as why other products such as Cover, Nsure, Union Finance or even PolkaCover didn’t make the cut there?
Winston Wolfe | Wolf Crypto, [10.01.21 16:31]
[In reply to Mike Miglio]
lol if the world keeps going the way it is atm, we’re not going to get there…
Mike Miglio, [10.01.21 16:33]
Okay, so the pitch deck was written at a time when Nexus was the only functional platform. Everyone else was still an idea. In general, the pitch deck is very outdated and shouldn’t be referred to for almost anything, but we’re going to release more updated versions we get closer to launch. We stopped updating our pitch deck due to the increase in competition in the insurance space, and after experiencing some idea theft from competitor projects and VCs. Most of our business model is confidential, so we’re holding our cards close to our chest until a couple weeks before our product launch.
Mike Miglio, [10.01.21 16:33]
In general though, there are a few major differences between us and ALL of the competitors that you listed above. I’ll list some here
Mike Miglio, [10.01.21 16:37]
1. We provide coverage for stablecoins and centralized exchanges, not just smart contracts.
2. We have no minting, no burning, and no equations or bonding curves that manipulate our token price. Because we don’t use a price equation, our system is much more complex, the price equations are a really easy to way to keep things balanced but they come with a lot of negative side effects and limit what you can do as a platform.
3. We have innovative new use-cases for NFTs on our platform that have never been done before.
4. We have no centralized layers that can influence or completely control the outcomes of claims. Check other models, you will see “advisory boards” that are supposedly decentralized because the community can vote who sits on the board, but in reality the ones choosing who sit on the board are the people with all the tokens (the founders and VCs).
5. We are partnering with top-tier auditing firms and paying for 3rd party projects (Aave, Compound, etc.) to be audited.
6. We have an extremely intricate reputation system.
Mike Miglio, [10.01.21 16:38]
These are the differences I can think of off the top of my head. But I don’t update myself on all the other insurance platforms every day, so some of these differences may no longer be accurate.
Mike Miglio, [10.01.21 16:39]
I’d also like to point out that PolkaCover, specifically, isn’t really a competitor to us. They have a completely different suite of products planned. And also, the insurance industry in general is not as competitive as other industries. Insurance companies are mutually beneficial to each other because they can insure each other. Every other insurance platform will be listed on Bridge Mutual, I guarantee it.
Mike Miglio, [10.01.21 16:40]
One more thing
Mike Miglio, [10.01.21 16:41]
My condolences go out to Nexus and Cover, no project or founder deserves to be targeted. In my view of this industry, all of our platforms will co-exist peacefully and improve the space together. We’re all still very small in comparison to the traditional insurance world, and we should all be doing our best to secure our roots here.
Winston Wolfe | Wolf Crypto, [10.01.21 16:42]
Very comprehensive…
Winston Wolfe | Wolf Crypto, [10.01.21 16:42]
Ok, so ignoring the others for a second, let’s do a 1:1 on Bridge Mutual vs Nexus Mutual.
Winston Wolfe | Wolf Crypto, [10.01.21 16:42]
As we briefly mentioned above, the “Mutual” style offering is something you both have in common structurally. Tell me why you’ve chosen to go down this path and what advantages or disadvantages it offers up as opposed to doing a shareholder style structure?
Mike Miglio, [10.01.21 16:46]
Bridge and Nexus are significantly different, in my opinion. They both use a mutual model, which means that users on our platform cover each other’s risks and vote on each other’s claims. Most of the other insurance platforms have a similar model, actually, they just don’t use the word mutual.
Aside from the differences I just listed above, we’re also different specifically from Nexus in these ways:
1. We don’t collect or require KYC, our system is anonymous;
2. We are building on Polkadot instead of Ethereum to avoid high gas fees;
3. We cover more products;
4. Nexus has to manually approve and add assets to their system, our system is permission-less in such a way that allows anyone to add an asset to our platform and start insuring it immediately.
5. We do not have control or access over user’s funds, and user’s coverage funds are invested automatically as per our algorithm to provide additional yields to our users.
Mike Miglio, [10.01.21 16:47]
that’s all I had to say lol
Mike Miglio, [10.01.21 16:49]
I think he had to use the bathroom
Mike Miglio, [10.01.21 16:49]
[ GIF ]
Mike Miglio, [10.01.21 16:49]
shameless plug
Winston Wolfe | Wolf Crypto, [10.01.21 16:49]
[In reply to Mike Miglio]
lol nice
Winston Wolfe | Wolf Crypto, [10.01.21 16:50]
One thing Nexus Mutual does, and does “quite” well, is Smart Contract insurance. However you’ve taken this a little further with coverage for stablecoins, wallets and centralised exchanges.
Winston Wolfe | Wolf Crypto, [10.01.21 16:50]
Before we get too far into this AMA, can you expand upon those and what they actually involve, perhaps with some more concrete use cases or scenarios?
Mike Miglio, [10.01.21 16:51]
Yeah sure, we don’t insure personal wallets because it’s exceedingly difficult to prove that a personal wallet hack was not an inside job. But both stablecoin insurance and centralized exchange insurance are pretty straightforward.
Mike Miglio, [10.01.21 16:52]
Stablecoin insurance protects policy holders from price crashes. Price crashes can happen due to new regulations, actions made by centralized entities such as the Tether Foundation or Coinbase, or exploits (DAI’s Black Thursday event). If the price of a stablecoin falls beneath $1.00 for a set period of time, all eligible policy holders will be able to make a claim on our platform and get paid out instantly. It’s really that simple.
Mike Miglio, [10.01.21 16:55]
For centralized exchange insurance, it’s a bit more complicated. The claims go through our multi-phase voting system and we use the wisdom of the crowd to determine whether or not a “coverable event” took place (this is the same process for smart contracts). Coverable events for exchanges include the exchange being hacked (KuCoin) the exchange mysteriously shutting down without warning, the exchange losing people’s funds (like if the only person who had the private keys passes away), and when the exchange flat out steals users funds and stops operations (like the FCoin exchange). Typically when these things happen the news makes every major headline, so it should be fairly easy for our community to determine whether a claim is valid or not based on that news.
Winston Wolfe | Wolf Crypto, [10.01.21 16:55]
Couple of questions on that one…firstly on the wallet side of things…is there any intent to cover something like personal wallet exploits/hacks etc…think MetaMask or the like?
Winston Wolfe | Wolf Crypto, [10.01.21 16:55]
Secondly, you have CEX coverage there, but no DEX?
Mike Miglio, [10.01.21 16:57]
For personal wallets it’s really hard, because the incentive for a user to commit insurance fraud (transfering money out of their own wallet and making it look like they were hacked) is super high. Personal theft requires a high degree of investigation and analysis, it’s difficult to accomplish in a decentralized system, but it’s something that a lot of people ask for, so we’re already actively thinking of ways that we can cover this demand. We have some ideas, but they’re not perfect yet.
Mike Miglio, [10.01.21 16:58]
As for DEX coverage, DEXes are all run off of smart contracts, so DEX falls under smart contract insurance. This is a very frequently asked question, so we should probably do a better job of making this more clear to the average user.
Winston Wolfe | Wolf Crypto, [10.01.21 16:58]
Ok nice, so DEX’s fall under the smart contract banner. I assume that covers users for an overall platform exploit and their own individual holdings on said DEX’s?
Winston Wolfe | Wolf Crypto, [10.01.21 16:58]
If so, can you explain how that works and if not, what am I missing?
Mike Miglio, [10.01.21 16:59]
That’s correct. The policy applies broadly to the entire platform, regardless of which pool was hacked or if multiple pools were hacked. If you are covered for a DEX, you’re covered for anything that happens to that DEX up to your policy maximum.
Winston Wolfe | Wolf Crypto, [10.01.21 17:00]
How about CEX’s, is this the type of insurance a CEX would take out on themselves, or is it something an individual user can take out on their own holdings on a CEX?
Winston Wolfe | Wolf Crypto, [10.01.21 17:00]
I have a couple of schools of thought on that one, firstly an entity like Binance has always maintained the ability to keep funds SAFU, via their supposed SAFU fund, and when push came to shove on that, they made good with their users…and on the other hand you have KuCoin, who said they were insured and obviously weren’t…and pushed the onus of the hack back on their listed projects to make good with token holders instead of coming up with the funds themselves…
Winston Wolfe | Wolf Crypto, [10.01.21 17:00]
So on one hand you have a need for some CEX’s to have the ability to take out insurance for the platform, while some can self insure, and on the other hand, like with KuCoin, there is a definite need for users to be able to self insure on a CEX…
Mike Miglio, [10.01.21 17:02]
Users can insure their own funds on a CEX. A CEX can also self-insure on our platform. It’s the same thing. All projects can (should) self-insure on our platform, and it goes through the same voting and claims system as anyone else’s claim. However, just as a reminder, this is a proof of loss system. A lot of CEXes do have traditional insurance, so if the traditional insurance provider pays the CEX, their claim would be denied, or if the CEX reimburses the users then individual users claims will be denied.
Mike Miglio, [10.01.21 17:03]
In your scenario above with Binance and KuCoin, if the CEX paid users back, then claims on our platform would most likely be denied. If the CEX (KuCoin) didn’t pay the users back, the claims would most likely be approved. While this does give CEXes an indirect incentive not to use their own insurance to pay its users, it also could damage their reputation but increases Bridge’s reputation for paying out, so we’re fine with this.
Users should be careful when choosing who they will provide coverage for. Binance is obviously a super safe bet, so we expect a lot of people wanting to provide coverage for Binance, but not a lot of people feeling the need to purchase coverage on Binance. It will still be profitable to provide Binance coverage on our system, but things that people are more reluctant to cover (KuCoin) will naturally have higher APYs.
Winston Wolfe | Wolf Crypto, [10.01.21 17:03]
With both the above DEX and CEX scenarios, how do you go about verifying a user’s holdings and that they’re in line with the policy taken out on said holdings?
Winston Wolfe | Wolf Crypto, [10.01.21 17:03]
As we all know, the value of crypto currency holdings is a day by day proposition…
Mike Miglio, [10.01.21 17:05]
Policy holders on CEXes should be extra particular when documenting their CEX funds. It doesn’t take much to do a time-stamped screenshot or screen capture a video of your portfolio at the end of a trading day. Either way, it is our users that will determine whether they believe the claimant or not, not the Bridge team. We will come up with some general best-practice guidelines for the community to adhere to so that they can maximize the odds of getting approved on their potential future claims, but that’s really the most that we can do.
Mike Miglio, [10.01.21 17:06]
For DEXes, it’s a little bit easier to prove loss because every hack or exploit is well documented on-chain for all to see. But especially on DEXes and other DeFi products, people need to start documenting their holdings religiously because DEXes are more likely to be hacked.
Mike Miglio, [10.01.21 17:07]
As an example, if you had a $10k policy on Uniswap to cover the $10k you put into a liquidity pool, you should screenshot the transaction and timestamp it with your address. It would be even better if the funds came from the same ETH address that purchased the policy. If that liquidity pool was ever compromised, it would be well established on social media and other outlets, we’d also see the event on-chain. If you have well documented evidence, and your ETH address didn’t show you take the liquidity out of the pool, the users on our platform are very likely to accept your policy claim and reward you.
Winston Wolfe | Wolf Crypto, [10.01.21 17:07]
Stablecoins now hold an obscene amount of value in the crypto space. It would probably be fair to say they’ve been the winning utility use case for crypto over the past few years.
Winston Wolfe | Wolf Crypto, [10.01.21 17:07]
As we mentioned above, you’re now insuring stable coins. Can you explain to me how this works? If it turns out USDT actually is one big scam, I’ll be able to insure it and get the full value of my USDT back off you when the scam is revealed?
Mike Miglio, [10.01.21 17:08]
That’s correct. I can’t really go into too much detail into how it works, but you have the right idea. If USDT was one big scam that got revealed, the price would crash. If the price crashes, you are eligible. If you are eligible, you will instantly get the full amount of the value you lost up to your policy maximum in a different stablecoin.
The one point of failure is if all stablecoins crash simultaneously. If that happens, we’ll all be in a pickle.
Winston Wolfe | Wolf Crypto, [10.01.21 17:09]
Before we move onto the other aspects of the Bridge Mutual platform, I’d just like to question you a little more on the insurance offerings side of things.
Winston Wolfe | Wolf Crypto, [10.01.21 17:09]
Another interesting competitor in the space is ETHERISC, who have a couple of crypto related insurance products, but also some more left field ones, like Hurricane insurance, Flight Delay insurance and Crop insurance.
Winston Wolfe | Wolf Crypto, [10.01.21 17:09]
You’re not going to get speccy and start offering insurance products like that via Bridge are you?
Mike Miglio, [10.01.21 17:10]
Flight delay, train cancellation and things like that are pretty easy to do, but I don’t think we’re going to venture into that territory. One of our devs and core team members, Kiril Ivanov, actually has his own insurance platform that does flight/train cancellation and delays called HighBridge (name unrelated), so we have internal knowledge on exactly how to accomplish this and other similar products.
We do have long-term plans for more traditional insurance products, but we will likely cover things that are much more broad and meaningful than a late flight.
Winston Wolfe | Wolf Crypto, [10.01.21 17:10]
Obviously one of the main points of difference between Bridge Mutual and Nexus Mutual is the lack of KYC required on Bridge as opposed to a KYC process on Nexus (which by the way, didn’t seem to stop them getting exploited recently…)
Winston Wolfe | Wolf Crypto, [10.01.21 17:10]
However other protocols, like Cover and Nsure, are KYC free also and this seems to now be more the norm rather than the exception.
Winston Wolfe | Wolf Crypto, [10.01.21 17:10]
How much of a competitive advantage do you see this being as we move into a DeFi and insurance landscape that’s becoming more and more decentralised?
Mike Miglio, [10.01.21 17:11]
When we first started developing Bridge, this was a huge competitive advantage. Now it isn’t. Time’s change and the space evolves rapidly, but I’d say we are 3 steps ahead of the competition right now in terms of innovation. We didn’t just stop at “no KYC”, and we’re going to maintain our edge by continuing to innovate even when we are the leaders in the space.
Winston Wolfe | Wolf Crypto, [10.01.21 17:11]
While I’m on the subject of Nexus Mutual and their recent exploit…I’d love to hear your thoughts on it, and an opinion on if the ones doing the insuring also need to be insured?
Mike Miglio, [10.01.21 17:12]
Well, I don’t personally know Hugh (the Nexus Mutual founder) but I know people that know him, and I’ve heard nothing but amazing things about him. Getting hacked is my greatest fear. I’ve gone through great lengths to make sure that our funds will never be compromised. That being said, the attack on Hugh was highly sophisticated, so one can only hope that what they are doing is enough to prevent an attack.
It is absolutely the case that insurance platforms should insure each other. As I said, Nexus will be on our platform without a doubt; all of the insurance platforms will be.
Winston Wolfe | Wolf Crypto, [10.01.21 17:13]
Pricing when it comes to insurance is also one of the most important aspects of it, especially when it comes to crypto insurance, as there’s a few different types of models when it comes to pricing not only premiums but the underlying token itself.
So there you have it, another AMA in the books as we get closer to our token generation event and IDO on January 30th. To learn more about Bridge Mutual go to bridgemutual.io, and join our active and growing telegram community at https://t.me/bridge_mutual.
