What is Bread (BRD) coin?
The Bread token is the base unit in loyalty and rewards program, designed to incentivize users to use the Bread app. Bread (BRD) tokens will unlock a long list of perks for users of the Bread platform. Token holders will enjoy discounts, sequential tiers of complementary or exclusive access to premium features, and full white glove service for the most elite customers. Bread tokens exist on the Ethereum network as a standard ERC-20 token, which means access to these perks can be freely bought, sold, or transferred independent of the Bread platform.
Bread is the only commercial company offering a fully decentralized wallet. Users enjoy simple, secure and private access to their crypto assets. Quick and fast blockchain syncing, users control their own keys so better security than a custodial wallet. App connects to wallet company’s servers so you are trusting them and give up much of your financial privacy.
BRD Crowdsale details
- $32M Total Raised
$12M USD was raised through the presale, with $20M sold in the public crowdsale.
All participants in the sale were required to pass KYC verification.
- Exchange rate
The crowdsale was capped at $20M USD, with the ETH exchange rate being decided the day the sale contract launches. The price of tokens was always set at 900 BRD to 1 ETH.
- Crowdsale Duration
The BRD token crowdsale contract will be closed on Dec. 24th GMT / Dec. 23rd PST, at which point tokens will become transferable. The $20M cap was reached within 90 minutes.
Bread is embarking on a journey to become the world’s largest decentralized financial institution. As we can read on whitepapers, many of team members have been involved in cryptocurrency since the early years, and have watched the rise of bitcoin, Ethereum, and other decentralized digital assets pave the way for a brand new type of
financial infrastructure. These technologies make it possible for users to interact directly with their
money, instead of relying on other businesses and entities which can be costly and limiting.
Price and prediction
Reddit users have a positive opinion about this project:
“It’s based on an online wallet app Charlie Lee appears to be a contributor or advisor from the looks of their website but you’d need to google or Twitter around to confirm this. If so, with Charlie’s ties to Coinbase I’d say this is pretty legit and can see the coin rocketing eventually.” (K__UI___E__U – reddit).
“I just stepped in at $1.61 not to miss the boat. I think the coin will go really fast to 7/8$ and then stabilize at 7$. After that, it will go slowly up to 12$ to 16$ in Q1/2.” (Nootfan – reddit).
“read is the biggest bitcoin wallet! They are looking to add additional features hence the ico. The company is solid. This is NOT a shitcoin!!” (dafines808 – reddit).
BRD publishers are optimistic about the future. They say that Bread wants turn that future into a reality, by becoming the largest, decentralized financial institution in the world—all without holding customer funds or personal data. The creators promise that Bread connects directly to cryptocurrency peer-to-peer networks, which means users don’t rely on us to access their money. If Bread’s corporate entity shuts down or if servers are hacked, each user’s funds remain safe and protected in their own device. Bread partners with third-party service providers around the globe to allow users to access a wide range of additional services through the Bread platform. Bread ensures that every service is operating legally and meets Bread’s high quality standards, and regardless of how the service operates outside of the Bread platform.
The price of BRD coin on 24/12/17 was: 1.75 USD. Some people expect a rapid price increase.
Predictions of BRD creators are promising: “Bread has a security and ease-of-use hybrid approach to the “make it easy to use” problem. Our current technology is built on the foundation of the bitcoin blockchain, with this being the most well-known blockchain.” – (BRD whitepapers).