The Bread Token (BRD) allows for discounts and other services when using the Bread wallet application. The wallet includes a loyalty and customer rewards program to engage users on the platform. The Bread wallet claims to have over seven hundred and fifty thousand users from one hundred and sixty different countries. Bread aims to make it easier to exchange Blockchain assets such as Bitcoin, Ethereum and BRD Token for goods, services in the centralized world. The white paper can be viewed at https://bit.ly/2zRF0pZ (17 Pages PDF).
Bread a wallet platform that is based on the Blockchain that includes many additional features such as Bread is aiming to expand into other areas of the worldwide environment as well as aiming to launch the first wallet rewards system. The Bread Platform is powered by its own token BRD which allows for users to deposit funds to each other receive and pay for any product or service as well as lending services and escrow.
The Bread Token (BRD) is part of the Ethereum Network which makes it an ERC-20 token. The most intriguing feature that BRD tokens offer is token holders gain access to a wide range of discounts, reward tiers and basically free services. Overall the Bread platform is aiming for there to be a practical use of its token which differentiates it from other competitors in the same niche (TenX, Paypex, and PRIZM).
The overall goal of Bread is basically to create a decentralized bank which basically means they don’t hold any of your money. They are just sending and receiving the forms of your money which could be Blockchain Assets that are supported. Bread aims to partner with a range of financial services to allow for the ease of buying and selling Bitcoin without any illegal activity. If you open your Bread in New Zealand you will be given access to local exchanges and services that are legal in New Zealand. However, if you travel to the United States your services and exchanges will change depending on relevant laws. The accessibility of Bread allows for it to be used worldwide without any stoppages that laws in that country could prevent payments or withdrawals.
Overall Bread should be higher in the market based on their concept but I think the real reason they aren’t improving in the market is security they don’t have mention their security much which causes a major concern if I am going to use their platform to send or receive assets. Otherwise, they have a great concept that makes them become different from other wallet platforms as stated previously. If Bread can prove they have security and can be trusted we could definitely see some movement in the market for them otherwise be careful.
