A new alliance between Bridge Mutual ($BMI) and TotemFi ($TOTM) has been formed. The Bridge Mutual team has been working hard every hour of the day to eliminate risks and ensure the best user experience for our decentralized risk coverage application. As a team, we have established a partnership rhythm with rewarding projects. With that said, TotemFi is an innovative DeFi prediction protocol that empowers individuals and groups to earn native $TOTM and BTC rewards.
TotemFi is an easily accessible prediction model that enables its users to gain potential lucrative BTC payouts through their prediction protocol. In addition, TotemFi ensures no penalties for inaccurate predictions which allows users to stake and predict without risking their initial stake. The Bridge Mutual team is more than happy to safeguard the values within TotemFi’s ecosystem. By integrating our decentralized and discretionary risk coverage application into TotemFi’s platform, users will be able to seamlessly purchase coverage for their values. In summary, Bridge Mutual and TotemFi are providing a credible security system for users to protect their activities without hassle. In addition, Bridge Mutual also covers smart contracts, stablecoins, exchanges, and many other valuables within the DeFi space.
“We’re incredibly proud to be partnering with a firm as transparent, fair, and disruptive as Bridge Mutual. They have built up an impeccable reputation for providing the most stringent and trustworthy risk coverage solutions in the industry, and we have no doubt that this partnership will be a major value-add proposition for our user-base”.
— Jolyon Layard Horsfall, CEO of TotemFi
“Bridge Mutual is impressed with TotemFi’s fresh and interesting take on prediction markets, and is excited to support and work together with such an innovative and talented team. Security is at the heart of all DeFi systems, and we’re happy to be the platform that will help to provide that security to TotemFi.”
— Mike Miglio, CEO of Bridge Mutual
TotemFi is a Decentralized Finance (DeFi) prediction platform which offers Bitcoin and native token rewards. The Decentralized Application (dApp) will utilize blockchain technology to solve issues with traditional markets. The protocol will harmonize incentives for individuals and the collective, as both sets are rewarded for their ability to forecast the future price of a given cryptocurrency (initially bitcoin). In addition, users are not penalized for inaccurate predictions. The aim is to broaden participation with our protocol as incumbent markets are typically complex with high financial risk for inaccuracy, which acts as a barrier to entry.
About Bridge Mutual
Bridge Mutual is a decentralized, p2p/p2b discretionary risk coverage platform that provides coverage for stablecoins, centralized exchanges, and smart contracts. Its platform allows users to provide coverage, decide on policy payouts, as well as share profit and get compensated for adjudicating claims.