Bright Union is a crypto coverage (“insurance”) aggregation platform that allows user to easily protect their capital from hacks, smart contract fails, and rug pulls. Bright Union as aggregator facilitates three key actions:
Compare, buy and manage crypto coverages on different platforms from a single interface
Provide coverage by staking stable coins or matured currencies on different platforms from a single interface
Stake at Bright Union and become part of the DAO (the Union)
Bright Union Coin does not stop at being an Aggregator, they are also an DeFi coverage accelerator. “We make risk markets work” through the innovative Bright Treasury . In short: the Bright Treasury will take positions in the crypto risk markets, and will provide superior investment opportunities for crypto users.
The live Bright Union price today is $0.316914 USD with a 24-hour trading volume of $237,230 USD. Bright Union has no change in the last 24 hours. The current CoinMarketCap ranking is #3171, with a live market cap of not available. The circulating supply is not available and a max. supply of 110,000,000 BRIGHT coins.
Trust is the foundation to make decentralized risk markets work, which transpires into the treasury, fully managed by the DAO members. Enjoy the benefits of acceleration. Coming soon Bright Union index trackers with maximum return at minimum risk and Bright Union secondary markets for crypto coverages.
Bright Union Product
Bright Union will offer a range of products which will support the market to reach the next level of maturity. The ability to compare, buy and sell risk coverages will be available to the entire community. In order to use premium services from Bright Union, membership of the DAO is required. Bene!ts offered to DAO members is proportional to the amount they stake in the DAO.
Bright Risk Index (BRI) diversi!cation
Bright Union Coin wants to offer diversi!cation for the portfolio of investors. Rather than staking funds against a speci!c risk on a speci!c platform, investors can stake their funds with Bright Risk Index (BRI) who then uses the funds to stake certain baskets of risks, thereby mitigating concentration risks. Bright Union will make multiple Indexes available for different risk appetites.
Indexes for well known protocols will provide a lower return and Indexes for recently hacked protocols are likely to be riskier but offering a hefty return. Since Bright Union is buying and selling on behalf of multiple clients, cost savings will be achieved by combining multiple transactions together and only trading the net result of multiple buy/sell transactions. This is more efficient than to create a risk-weighted-fund for an individual user.
Bright Union DAO
Bright Union Review will become a Decentralized Autonomous Organization which is governed by the members to provide products to the members. In order to facilitate this three topics will be further discussed: BRIGHT token governance & utility, DAO treasury and supply and demand of the BRIGHT token.
Governance & utility
The Bright Union protocol follows the common practice of Decentralized Autonomous Organizations (DAO). Owners of the BRIGHT token can vote on various topics: e.g. Governance topics (e.g. operational cost for platform development), allocation of reserves from the treasury towards the treasury and parameters for the Risk indexes & liquidity products. As explained in the product offering section, the BRIGHT token also offers premium services to members of the DAO. Token holders will get priority access to products.
At Bright Union they believe that trust is the foundation to make decentralized risk markets work. An important pillar of improving trust is by establishing the Bright Union treasury which is managed by the DAO members. The Treasury will be used to support the premium products. As capital from the Treasury is allocated to the various products, the treasury will receive service fees and staking results in return.
Team & Advisor
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One of Coinworldstory's longest-tenured contributors, and now one of our news,ico,hyip editors, Verna has authored over 6900+ stories for the site. When not writing or editing, He likes to play basketball, play guitar or visit remote places. Verna, to his regret, holds a very small amount of digital currencies.