Unlocking Crypto Volatility: Brightpool Finance's AI-Powered Token Minting Revolutionizes DeFi
May 10, 2024
Brightpool Finance, an AI-powered decentralised finance (DeFi) platform, introduces a novel token minting system by leveraging trading orders to mitigate price volatility in the crypto market. Unlike traditional exchanges, Brightpool rewards users for every trading order through its native token, BRIX, which benefits from increased market volatility, akin to the VIX in stock markets. The platform employs the Nobel-prized Black-Scholes-Merton model, BS.AI, to seek opportunities in crypto volatility, ensuring targeted token distribution and accurate limit order execution. BRIX mining operates on a proof-of-bid mechanism, where users can mint tokens by placing bids on the platform, with rewards decreasing gradually through a halving mechanism reminiscent of Bitcoin's. Early participation in mining offers higher rewards, encouraging users to mint tokens sooner. Brightpool envisions a future where innovation and accessibility converge, facilitating easier interaction with digital assets while increasing liquidity and creating a vibrant ecosystem within the DeFi space.
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