Bread token (BRD) is the transacting currency of Bitcoin Bread Wallet. Bread Wallet is an open-source, fully decentralized Bitcoin wallet that allows users to hold their own funds independently. Users have their private keys on their phones and the wallet is also completely trustless. This means that if the company were to collapse, users would remain with their coins since the company does not control any part of those coins.
Bread features a friendly mobile app that allows users to manageShow more [+] eir coins and also buy and sell bitcoins directly using their phones. All of the wallet's functionalities are free, but its developers are planning to add some special features that users will pay for using BRD tokens. Currently, this wallet boasts of more than 650,000 users in more than 120 countries and protects more than $4 billion worth of bitcoins globally.
The token is based on Ethereum, and only accepts ETH for transaction fees as of the moment. It will have erc20 support by the end of the year. Its token sale was held between December 15 and December 23, 2017, and raised $32 million, money that is being used for development purposes.
Users also earn in the platform through various ways. For instance, users have tired status that earn them benefits based on the tokens they have on the platform. The more the tokens, the more the rewards. They also earn tokens through promotions, using the app, and generating new and useful features.
The team running this wallet is comprised of experienced engineers, marketers, entrepreneurs and business professionals. Among these experts include co-founder and President, Aaron Voisine, CEO and co-founder Adam Traidman, CMO and co-founder Aaron Lasher, chief product officer James MacWhyte and chief technology officer Samuel Sutch among others.