Brightpool Finance is a DeFi platform that focuses on overcoming entry barriers and improving price stability in the cryptocurrency space by utilizing artificial intelligence (AI) to calculate trading rewards and implement price-freezing features.
Although Bitcoin has experienced a decrease in volatility, it is still not at the desired level for investors who prefer more predictable prices. Additionally, the decentralized finance sector, which has a market capitalization of less than $100 billion compared to Bitcoin’s $1.2 trillion, suffers from low liquidity, leading to increased price volatility.
One of the challenges hindering crypto adoption is accessibility, particularly in the mining process, which requires technical knowledge and access to significant computational resources. Therefore, the crypto industry must innovate to develop more accessible and stable alternatives that facilitate easier adoption.
Brightpool Finance operates as a decentralized exchange (DEX) powered by AI. It allows users to trade digital assets and turn market volatility into an opportunity. Unlike traditional exchanges that charge fees for transactions, Brightpool rewards its users for every trading order.
The platform incorporates the Nobel-prized Black-Scholes-Merton model, BS.AI, which is enhanced by AI to identify opportunities in crypto volatility, streamline reward distribution, and generate tokens. The AI dynamically adapts to market shifts, ensuring targeted token distribution and accurate execution of limit orders.
To ensure price stability, Brightpool has introduced its native token, BRIX, which functions similarly to the VIX in stock markets. BRIX benefits directly from increased market volatility, transforming it from a mere indicator into a valuable asset. As volatility rises, the value of BRIX also increases, providing tokenholders with protection against market uncertainties.
BRIX offers mining opportunities through its zero initial supply and innovative proof-of-bid mechanics. Miners can mint BRIX by placing bids on the platform. The platform also implements a halving mechanism that gradually reduces mining rewards as more tokens are minted.
Participating in the early stages of mining can be advantageous as it offers higher starting rewards that decrease over 45 stages, similar to Bitcoin’s halving event. Users can join the early mining process by simply placing a buy or sell order on the Brightpool platform.
During the beta phase, Brightpool Finance’s mining mechanism is accessible to a limited number of users. Prior to the full launch, the platform conducted a two-month testnet phase on Arbitrum Sepolia, a platform for developers to test decentralized applications (DApps) in a secure environment.
Brightpool Finance aims to create a future where innovation and practicality merge to make interaction with digital assets easier. By inviting external projects to collaborate with the BS.AI model and utilize traded pairs, Brightpool intends to increase liquidity and establish a vibrant ecosystem.
As new approaches to stability and accessibility continue to emerge in the crypto world, they will reshape the paradigms of crypto trading and liquidity management in the DeFi space, reducing the influence of traditional investors.
To learn more about Brightpool Finance, visit their website.
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