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About Bridge Network
What Is Bridge Network (BRDG)?
Bridge network is a trust-less ecosystem of cross-chain applications & infrastructure tools powering seamless transactions across various blockchains. It's cross-chain infrastructure is amongst the most secure in the industry with no third party integrations, reducing any additional security assumption. Bridge Network's infrastructure is used to power Bridge Pay: a non-custodial multichain payment app that allows any web 3 user to spend their crypto without the need of using third party centralized wallet infrastructure. Users can connect their wallet to Bridge pay and acess a virtual or physical debit card that can be used wherever Visa or Mastercard is accepted.
BRDG is the native token that powers the protocol for:
- Security: BRDG is used as a security mechanism. Validators are required to stake BRDG as collateral to become an active participants in the network.
- Governance: BRG acts as a governance token to vote on significant updates and changes in the protocol.
- Fee: Token issuers are required to pay the network a BRDG fee to register their asset on the token bridge via the Rockefeller as well as reduce bridging fees for holders.
- Burn: 100% of the tokens paid by the token issuer is burned