[PRESS RELEASE – Please Read Disclaimer]
Brightpool has designed a state-of-the-art type of trading based on the new Bid-To-Earn model.
It’s the first DeFi platform to pay merchants order rewards instead of charging commissions, and it’s launching its public testnet this fall.
The platform will be tested in 2 phases. First, select Brightpool users will be able to create a test wallet on Polygon’s Mumbai network to try out the basic functionality of the exchange. This phase will be accompanied by a bug bounty program. In the second phase – after the audit is completed – we will deploy the Testnet to the Polygon mainnet. During this phase we will launch the most professional airdrop in the universe, rewarding the best traders with prizes worth thousands of USD.
The purpose of the Testnet is to show the advanced algorithm of the stock market (based on the BSM model) as well as to provide an opportunity for beginners to get acquainted with the new way of trading that issues traders with instant rewards (broadcast in the parent BRI). token) every time an order (#bid2earn) is placed, regardless of whether the order is executed or not.
The order types on Brightpool are futures orders with maturities of 1, 3, 5, 7, 14 and 28 days. Reward incentives are calculated according to the per-instance pricing engine. Selling 1 BTC on the platform would generate a reward approximately equal to 1000 USD, depending on several factors. The order pricing algorithm is based on a crypto-adapted version of the Black-Scholes-Merton model, which won the Nobel Prize in 1997 for advances in derivatives valuation. Brightpool Finance’s native token, BRI, is implemented using the LayerZero protocol, giving it greater cross-chain capability.
Lucas Kobus, Brightpool’s Pool Master, said of the platform that it “will be an absolute game changer for the DeFi ecosystem” and “will inspire new types of projects with an innovative way of releasing tokens to market. Our native token, BRI, will have a strong fundamental value unlike most projects in DeFi,” said Kobus. “I believe Brightpool will start a real DeFi 2.0 platform trend with its own liquidity and fundamentally strong investment with rewards in stablecoins and ETH for investing native tokens.”
CertiK conducts a comprehensive formal verification of the platform. Brightpool is yet to announce its official launch date. Interested traders can follow Brightpool’s Twitter, Telegramand Discord make sure you stay up to date with upcoming news.
Brightpool Finance is the world’s first DeFi protocol that pays users for ordering. Brightpool is built on Polygon’s PoS chain for increased speed and scalability, and its token is deployed on the LayerZero protocol, giving it increased cross-chain interoperability. Its BRI token is the first to use a new issuance mechanism called ‘Proof Of Bid’ (POB), which adds strong, fundamental value to BRI, and its pricing algorithm is based on the crypto-adapted Nobel Prize-winning Black-Scholes -Merton model (BSM). Brightpool is able to offer multiple ROI to traders due to its fund structure, revenue share, advanced price triggering technology and the volatility hedging aspect of its token.
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