The ICO environment offers cryptocurrency investors the opportunity to help foster the growth of thousands of different startups and innovative concepts every day. Choosing the right ICO to invest in, however, can be a difficult task. There are so many different new initial coin offerings that making an informed decision can often involve a significant amount of research.
One of the most promising new types of ICOs are those that aim to increase the ease of use with which users are able to exchange cryptocurrencies for real world goods and services. A new initial coin offering, called Bread, aims to completely reinvent the banking process with an intelligent system that facilitates streamlined crypto wallet services, payment platforms, trading, investment, and lending.
In this article, we’ll take a look at the Bread solution and find out what the Bread initial coin offering involves to help you determine whether it’s worth taking a closer look at.
What Is Bread?
Bread is a new blockchain based solution that presents itself as a comprehensive wallet platform, but upon closer inspection, offers many more features. Bread aims to rapidly expand into all aspects of the global financial environment, and intends to launch the very first wallet based rewards program.
The Bread platform is powered by the Bread token, or BRD, and allows users to directly deposit funds to one another, receive payments, and pay for a wide range of services and goods including music, food, transportation, and bills. Bread also aims to provide saving services, international money transfer, peer to peer lending services, crypto escrow, portfolio management, and performance tracking solution.
The Bread Token
The Bread token, or BRD, is built on the Ethereum network and is a standard ERC-20 token. The most interesting feature of BRD tokens is the perks they provide owners. Bread tokens allow holders to access a wide range of discounts, reward tiers, complementary services, premium features, and even full white glove service for premium users.
The Bread platform aims to provide users with the ability to earn BRD through a range of different promotions, including surveys, giveaways, and even automated airdrops. Importantly, Brad provide a full white paper outlining the structure of their platform on the ICO website.
The Bread ICO
The Bread ICO aims to issue 160 million individual Bread tokens, of which 105.5 will be available for purchase. A further 32 million BRD will be reserved for corporate and promotional use, while 22.5 million tokens will be retained by Bread.
All of the tokens sold by bread will be issued at a rate of 1 ETH for 300 BRD, with both the presale and the crowdsale capped. Any unsold tokens from either sale will be reserved for promotional giveaways.
Bread Bitcoin Wallet Verdict
Bread is one of the most intelligently constructed finance-focused ICOs to hit the ICO ecosystem recently, and is backed up by a large team of industry experts. If you’re looking for an extremely promising ICO, the Bread token sale is definitely worth considering.