Bread Profile (BRD)
Project Safety Score
Sat, Jan 22, 2022 5:10 AM
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:
Bread Smart contracts and audits.
Below are the available smart contract addresses and any associated contract audits.
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.
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.
This profile has enough data to perform a thorough analysis. But any missing data will have a negative impact on the overall rating.
- 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
- 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.
- 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.
- 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.
- 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?
- 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
- 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.
How complete is this profile:
A few missing data points
This profile is still waiting for the following data points
- bitcointalk thread
- tradingview profile
Market Cap Rank:
Bulls v Bears:
Where & How to buy Bread (BRD)?Tue, Dec 28, 2021 12:00 PM
Coinbase acquiert l'équipe du fournisseur de portefeuille ...Wed, Dec 22, 2021 8:54 AM
Bread is up 32% in the last 24 hours: Where to buy BRDMon, Dec 6, 2021 12:00 PM
BREAD (BRD) Crypto Keeps Skyrocketing. Is It Too Late to Buy?Mon, Dec 6, 2021 12:00 PM
Polygon (MATIC) rallies after news of a polygon ETP and ...Mon, Dec 6, 2021 12:00 PM