Bread profile
Bread Profile (BRD)
Score: 4.86 | Below Average
Balanced Nano Cap
Project Safety Score

Sat, Jan 22, 2022 5:10 AM

Score 4.86
Rating Below Average
Market Cap $22910394.020883
24hr Volume $1604807.2240587
Price $0.25781784010796
Review

Bread

token

Ethereum

Blockchains are quickly becoming the modern equivalent of what apps were to smartphones when they took off a decade ago. There’s a blockchain for everything - from cloud storage (Siacoin) to identity verification (Civic). But the original point of Bitcoin, the very cryptocurrency was to overturn the traditional banking system. An interestingly named token - Bread, is here to bring us back on track for this original goal. Bread technology intends to reinvent and revolutionize banking as we know it. By building a blockchain synced, Bitcoin-based wallet, the idea here is to decentralise banking and make it accessible to everyone. With a blockchain connected, easy to use Bitcoin wallet, Bread makes it easy for you to transition to a truly decentralised banking service.It also provides portfolio management tools to offer a comprehensive banking experience. Purchases made using its BRD token attract loyalty points and rewards, giving customers another lucrative reason to use the Bread wallet app. Bread was officially launched in 2014 itself and even raised VC funding to the tune of $7 million in August 2017. It then went the ICO route in December 2017, where it made available 88 million BRD tokens. $32 million was raised in the price, with BRD being valued at the rate of 900 for every 1 ETH at the time. As of June 2018, just over 6 months later, its value had fallen to above 1600 for every 1 ETH. A decentralised banking system was Bitcoin’s original vision that is either taking too long to fruition, or we’ve become an impatient audience. Whatever the case, Bread wants to accelerate the transition. A significant decision the Bread team took was to introduce the BRD token - which, with its cheap rates and loyalty/discount offerings, may emerge as the primary incentive for users joining the platform. If this is indeed the case, expect a spike in the value of the BRD cryptocurrency, something investors right now would be eyeing closely. Having said that, its fall in value since the ICO is certainly a cause for concern, and investors are advised to do their research and analyse before taking decisions.

Read more in the whitepaper:
https://token.breadapp.com/en/#white-paper

Bread Smart contracts and audits.

Below are the available smart contract addresses and any associated contract audits.

ETH: 0x558ec3152e2eb2174905cd19aea4e34a23de9ad6

Bread Project Statement

Project statements are provided by senior members of the project team and serve to tell the reader why the project has honorable intentions and why is definitely not a scam.

Please get in touch to submit a project statement for this project. Emails must be sent from official domain email addresses and will be verified before being accepted.

Full Report

Bread Safety Report

Bread has a safety score of 4.86

Bread is a nano cap token.

Bread is suited to a balanced investment style.


Bread Profile

This profile has enough data to perform a thorough analysis. But any missing data will have a negative impact on the overall rating.

Missing Data:
  • bitcointalk thread
  • tradingview profile

Bread Red Flags

There are currently no Bread red flags.


Bread Development Score

The Bread project has 23 active source code repositories.

The most recent commit was Thu, Sep 30, 2021 6:02 PM

  • 292 Watchers
  • 1445 Stars
  • 195 Mentionable Users
  • 0 Vulnerabilities
  • No commits in the last 28 days
Highlights:
  • extremely high stars
  • daily repo updates
  • very low watchers
  • poor mentionable users
  • no repo stars

Bread Sentiment Score

The sentiment score indicates how well the wider community regards the project. We analyse social media platforms such a Reddit, Twitter etc to access if the community is talking positively or negatively about a project. Or if they are even talking about the project at all!
The more articles that are available to analyse, the more confident we can be about the score. If there is not a lot of data available on the internet to use, this should be a redflag as it can indicate that no one is posting or writing about this project.

Highlights:
  • The overall sentiment is very positive
  • A collection of articles to be just about confident of the sentiment

Bread Community Score

The community score indicates how active community is. Are they writing lots of articles and engaging in lots of conversations on the web? Where is the crypto communities attention spent? There are so many hours in the day to spend writing, reading, researching a project. So how much of this time is spent on Bread?

The larger a community is then the more eyes are on that project. Sharing information, red flags and concerns is more likely the bigger the community is. And larger communities are alot hard to censor and control - therefore they provide a diverse range of opinions.

Overall Bread has a strong community, posting and creating lots of content across the internet on social media, forums, blogs and websites.

Highlights:
  • extremely high hashtag tweets
  • extremely high gitHub account watchers
  • very low reddit articles

Bread Awareness Score

The awareness score indicates how well Bread is known in the main stream. Its all very well for a project to have a discord channel to have 1000 users chatting all day about how great the Bread is but a good measure of longevity is how well the project is known by the general public.

Overall Bread this project is not known by the general community. If a project is new and has not had a lot of marketing or exposure then in general as the project grows the awareness score will increase.

Highlights:
  • below average search result total
  • very poor number of news articles mentioning Bread
  • very poor number of headlines about Bread
  • very poor number of Bread YouTube videos

Bread Credibility Score

The credibility score indicates how credibility a project is. Does it have a ridiculous name? Is it run by a 13yr old in their basement? Is it just 2 days old and too early to tell?

Highlights:
  • Mature project age (released Dec 24, 2017)

Bread Volume Score

The volume score is the simplest of all our metrics and quite often the bottom line metric. It doesnt matter how well a project scores on the other factors, if it is only shifting a few thousand dollars a day in volume then there is a high chance you will left holding a bag

Highlights:
  • low USD 24hr volume

Red flags come in all shapes and sizes

At the end of the day a cryptocurrency project requires you to part with your hard earned cash in order for it to become succesful.

You expect a level of transparency and professionalism from a project that is asking for your money.

There are all sorts of red flags which you should be weary of;

  • 404 (missing) websites
  • Expired SSL certs
  • Malware/Hijacked sites
  • Suspended Twitter accounts
  • Private Subreddits
  • SEC investiations

If you spot anything suspicious/resolved then please let us know.

Bread Red flags
  • No red flags
    No red flags have been identified. That doesnt mean its a 100% safe project, it just means that no red flags have been brought to our attention.

Bread Exchanges
Bread Explorers
BRD
Member Ratings (BRD)

--/5

0 reviews
Ratings and reviews left by our members do not impact the profile score.
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Be the first to leave a review

No one is talking about Bread, be the first to start the conversation.

Do you think Bread is a scam project which will disappear in a rug pull in the next few months or do you think Bread is here to stay?

And more importantly let us know your experience and warn others if you have noticed something suspicious.

87.50%

Complete
Profile Status

How complete is this profile:

A few missing data points

This profile is still waiting for the following data points

  • bitcointalk thread
  • tradingview profile
Member Signals

--/5

(no reviews)
Member Ratings
Market Cap Rank:
760
Voted:
good
Bulls v Bears:
neutral
Is Trending?
Member signals do not affect the profile score.
Bread Reddit
Bread Github
Bread News
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