What is Bread (BRD)?

Bread is a Switzerland-based company that provides blockchain-based financial solutions to the mobile generation. The main goal of the project is to provide a decentralized mobile bank for users to buy and store their assets in a simple and secure way.

Bread is also the founder of Blockset, an enterprise-based application that is hosted on the blockchain. Since its inception in 2015, Bread has acquired 5 million customers in over 150 countries and has raised about $56 million from venture capital firms, including SBI Holdings, Ripple, and many more. It accomplishes this by offering a unique service through its mobile application that offers discounts and additional services to consumers who use the Bread wallet application.

Currently, Bread is estimated to be holding about 6 billion worth of crypto assets in its treasury. It is one of the fastest-growing crypto financial services in a fierce and competitive market. BRD is the native currency of the Bread ecosystem and it can be used to provide loyalties and rewards to users within the BRD mobile application.

 

Who Are the Founders of Bread (BRD)?

The company was founded by Aaron Voisine and Adam Traidman in October 2015 with the aim of providing financial services to unbanked people. Aaron Voisine is a serial entrepreneur with experience in early-stage startups and global expansion strategies. He has worked as the COO at Yodlee, which is a fintech software provider to investment banks, hedge funds, and Fortune 500 companies.

Adam Traidman is a 10-year veteran of financial technology companies who have managed over $80 million worth of hedge fund assets. He is also the CEO of SBI Mining Chip and an alumnus of the University of Berkeley, California.

Other notable members of the group include Sam Sutch, a Polyglot developer with a decade of experience in Silicon Valley, and James MacWhyte, the Chief Product Officer. The team consists of 15 employees, who aim to facilitate buying and selling of cryptocurrencies in different countries.

 

What is Bread (BRD) used for? 

BRD is the native token of Bread and it functions as a financial tool within the platform. It can be used as a mode of payment for different goods or services available within the application. Users are incentivized to hold BRD tokens by offering discounts, loyalty points, and benefits to them in exchange for holding assets in their wallets.

Serving as a form of decentralized bank, Bread can be used to facilitate a variety of financial transactions such as direct payment of wages via bitcoin, payment of bills, tracking of ROI assets, etc. Bread aims to reduce overdependence on centralized entities and promote decentralized banking.

 

What Is the Unique Point of Bread (BRD)?

Bread is the first crypto wallet to offer a loyalties and customer rewards program. It incentivizes customers who hold crypto assets on its platform with discounted trades and other loyalties.

Bread adopts a unique approach to decentralized banking in multiple countries by partnering with third-party companies in different countries by working with third-party companies in each country rather than setting up shop in each one. For example, if you use the Bread app in India, you will have access to local services and exchanges that are legal in India. And if you use it in Australia, you will be given access to Australia-based services and exchanges.

 

How Many Bread (BRD) Coins Are There in Circulation?

Bread has a circulating supply are 88,862,718 BRD coins and a market cap of $26,098,941.

 

How Is the Bread Network Secured?

BRD is an ERC-20 token built on the Ethereum blockchain and it is created through a proof-of-work mechanism. All transactions on the Bread network are verified and encrypted by blockchain technology while maintaining network security, preventing double-spending, and allowing unique identities to be verified.

 

How do I buy Bread (BRD) coins?

You can purchase Bread (BRD) tokens just like other cryptocurrencies such as BTC and ETH. All you need to do is follow these steps:

  • Create an account on a BRD-supported exchange such as Binance, HitBTC, Hoo, and CoinDCX.
  • Deposit fiat into the trading account and purchase BRD tokens.

To stake BRD, download the Bread app for IOS or Android and enter your email address to begin staking BRD.

 

Which Cryptocurrency Wallet Supports Bread (BRD)?

The PTPWallet platform supports many cryptocurrencies simultaneously, such as Bread (BRD). Because of its vast use case, it has grown to become one of the most used platforms, as it serves as an exchange and an engine to discover other cryptocurrencies. Users can easily use PTPWallet as their BRD wallet because it offers a simple and interactive interface, making it easy for people to navigate its system.

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