Precio de Bridge Network (BRDG)

What Is Bridge Network (BRDG)?

Bridge Network is the first cross-chain super dApp that enables seamless transactions between blockchain ecosystems. The cross-chain protocol (CCP) aims to be a one-stop-shop for all major cross-chain activities by providing all tools a user might need to transact in the multichain world. The bridge tool kit is made up of 6 main tools; a NFT bridge, a token bridge, a cross-chain trading platform, cross-chain farming platform, a multi-chain explorer and a token wrapper for any existing token to go cross-cain. The goal of Bridge Network in this multichain world is to provide a frictionless and trustless environment for users to transact without the hassle of switching between protocols to complete what should be simple transactions, a cross-chain hub like no other. Bridge Network introduces a unique experience to the multichain world with a scalable, secure and robust infrastructure to simplify the complexities behind moving cross-chain.

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.
• Fee: Token issuers are required to pay the network a BRDG fee to register their asset on the token bridge via the Rockefeller.
• Settlement: The BRG token is used as an intermediary settlement token when facilitating cross-chain swaps.
• Rewards: BRG is used to further incentivize cross-chain liquidity
• Voting: BRG acts as a governance token to vote on significant updates and changes in the protocol.
• Burn: 50% of the tokens paid by the token issuer is paid to the validators. The remaining 50% is burned monthly or quarterly.

Bridge Network (BDRG) tools include:

• Global Token Bridge - The Vanderbilt The Vanderbilt is a simple token bridge that enables users to move a single token from one blockchain to the next. The bridge uses the lock, mint and burn mechanism. Any token that has been integrated into the protocol using the Rockefeller is automatically added to the Vanderbilt.

• Multichain Token Wrapper - The Rockefeller The Rockefeller allows any token issuer to integrate their existing asset into the global token bridge. Token issuers earn fees when users move their asset cross-chain, providing an additional revenue stream for their protocol. The Rockefeller helps to solve the common ‘builders dilemma.’ The builder’s dilemma is a choice between building on the most decentralized protocol, the fastest or the one with the most users. With the Rockefeller, builders may continue to build on their preferred choice while having their token available in a completely different network without the need of managing their own bridge or awaiting approval from another bridge to list their asset.

• NFT Bridge - The Picasso The Picasso allows users to move non-fungible tokens (NFTs) from one blockchain to the next along with its metadata. NFT bridging follows the same mechanism as a wrapped token, whereby the NFT is transferred to a smart contract, the asset is locked in the smart contract on its native chain and a wrapped version is then minted on the foreign chain. The cross-chain movement of NFTs is made verifiable by the following tool, the Columbus; a transaction explorer where users can verify that the wrapped NFT is in fact backed 1:1 by the original NFT.

• Multichain Transaction Explorer - The Columbus The Columbus allows users to track transactions as an asset moves between blockchains. Think etherscan, but for cross-chain transactions. The Columbus tracks both fungible and non-fungible assets.

• Cross-chain trading - The Carnegie The Carnegie is a cross-chain trading interface that allows users to trade between any two assets, on any blockchain. The system aggregates liquidity on both ends and uses BRG as an intermediary settlement token.

• Cross-chain farming - The Tull The Tull aggregates yields for multiple assets and allows users to farm cross-chain without the need of actively bridging and manually staking assets for each farm on their respective chains. The tool automatically bridges and stakes the asset as per the user’s approval, making cross-chain farming efficient and frictionless.

How Many BDRG Tokens Are There in Circulation?

There is a maximum supply of 500 million BDRG