You often ask us (and we know everyone says this, but you REALLY do ask) why we need two types of tokens and how they differ from each other. Brightpool introduces BRIX and BRI, which serve diverse roles within the platform’s ecosystem. Let’s take a closer look and clarify this once and for all!

BRIX: What You Mint

Have you heard about our ongoing minting season? Click here if you’ve missed this endeavor! In brief, you can mint BRIX tokens as instant rewards just for trading on the Brightpool platform. The amount of BRIX tokens allocated is calculated by the BS.AI® model and depends on several factors, such as the size of the trade, the limit price set by the user, and market conditions at the time of the trade. BRIX tokens serve multiple purposes:

• Trading Incentives: They are primarily used as a reward mechanism to thank you for your trades and for keeping your assets locked in until execution.
• Market Volatility Benefits: As a novel feature, BRIX tokens act as a hedging tool, especially during phases of high market volatility. This makes BRIX not just a reward token but also an instrument that aligns with the platform’s financial performance, increasing in value as market volatility rises.
• Treasury Pool Contributions: They are used within the Treasury Pool, where their value can increase based on the platform’s performance, thus providing additional rewards to hodlers.

PS: $BRIX is now tradeable on Camelot!

BRI: How You Govern

BRI tokens, on the other hand, play a crucial role in the governance of the Brightpool platform. They empower users with voting rights on important platform decisions such as the introduction of new trading pairs or changes in the rewards structure. Here are the key functionalities of BRI tokens:

• Governance and Voting Power: Holding BRI tokens grants users the ability to participate in the decentralized decision-making process of the platform, reflecting a user-driven governance model.
• Token Buyback and Burn: To preserve the value of BRI tokens, Brightpool implements a buyback and burn policy. Profits from transactions are used to repurchase BRI tokens, which are then permanently retired from circulation, enhancing their scarcity and value over time.
• Utility in Transactions: BRI tokens can be used for practical functions like cancelling trades, boosting rewards, accessing new pools early, and even using the platform’s proprietary BS.AI® model API.

They Both Fit Together In The End

The primary distinction between BRIX and BRI tokens lies in their core purposes and utility within the Brightpool ecosystem:

• BRIX is designed as a dynamic tool to both reward users and provide financial benefits during volatile market conditions, directly linking its value to the platform’s trading performance.
• BRI serves as a governance token, offering hodlers a stake in the platform’s operational decisions and future, with additional transactional utilities that enhance user engagement and investment returns.

Both tokens collectively support a robust trading environment on Brightpool, encouraging both active trading and strategic participation in the platform’s governance, making them fundamental to the platform’s innovative approach to cryptocurrency trading.

Their synergy lies in the Brightpool’s buyback mechanism. We earn from users’ orders. At the same time, you mint your BRIXes through bidding. And 96% of our income is allocated to the buyback of BRIX & BRI tokens, which supports their value. This is the circle of life — Brightpool’s life!

First of all, go to our trading platform and connect your wallet.

Choose a BUY or SELL order. Decide how much ETH you would like to buy or sell. The price at which you make a bid is currently fixated at 2% more or less than the spot price of the asset. In the future, you will be able to choose the price deviation that is most suitable for you, as we will unlock the other options.

Then you need to select the execution time. Decide how long your funds will be frozen. You can choose between one hour or one day. After this time, your limit order will be settled.

Once you have set the parameters of the order, our BS.AI® model will calculate how many BRIX tokens you will mint as part of the order submission. Once the order is accepted, these tokens will be immediately transferred to your wallet — it’s your reward.

Click “Order & Mint…” and wait for the confirmation of your order.

Congratulations! You have minted your first BRIX tokens!

⚪️ Trade Smarter with AI Rewards ⚫️

Website: https://brightpool.finance/

Twitter: https://twitter.com/BrightpoolX

Embrace the Beginning of a New Era with BRIX

What’s all the fuss about the BRIX token? Start mining BRIX, the new big thing in crypto, only with Brightpool Finance. BRIX’s value goes up when Ethereum’s prices jump around. It’s like the stock market’s VIX but for crypto. This means you could make more as the market changes. The price of $BRIX directly influences the price of our governance token, $BRI. Brightpool buys back $BRIX and $BRI to remove them from circulation and increase their value when $BRIX falls below or is stable above the BS.AI® price.

The Exclusive Gateway: Proof-of-Bid Mining

Minting BRIX is a distinguished process, accessible only through the Brightpool Finance platform via a novel mechanism dubbed Proof-of-Bid. There have already been Proof-of-Work, Proof-of-Stake, now it’s time for our new consensus Proof-of-Risk. What do we mean by that? With each bid you place, you mint BRIX tokens. That’s the only way you can become a miner — by placing a bid and taking the risk. Because of the halving mechanism the Risk:Reward ratio is extraordinary.

How to mint BRIX?

To mint BRIX, you must place an order on the Brightpool Finance platform. Choose whether it should be a BUY or SELL order and the time for which your funds will be frozen. 1 hr or 1 day? Regardless of what you choose, you mint BRIX with every order you place.

Why Mint Early? The Halving Advantage

Brightpool makes earning crypto rewards better by cutting them over time, a trick that helps early birds get more. It’s a bit like what Bitcoin does, but we’ve added our own spin to reward those who join early. Here’s the deal:

• Premier Rewards: Early participation is rewarded significantly (just look at the chart below):

• Strategic Reductions: As our platform flourishes, rewards for each bid will see a planned reduction of 20% at each stage of our growth, mirroring Bitcoin’s supply control to ensure long-term sustainability.
• Reward Schedule: We adjust rewards as more BRIX tokens are out there, meaning early minting gets you more. Simply, rewards go down as supply goes up.

The Genesis Phase: Stage 0 Mining Season Unveiled

We stand at the threshold of Stage 0, the genesis of a 45-stage journey. Looking at the chart, you can see that we will quickly enter the next stages of halving. Therefore, one piece of advice, there is nothing to wait for. The early miners not only reap the highest rewards but also cement their legacy in the annals of BRIX history. This is not just an opportunity; it’s a clarion call to be part of something monumental from the very beginning.

Only a select few will get access to early BRIX minting. Will you be among them? Welcome to the dawn of the BRIX era.

If you still have any doubts, one last thing.

Our solution was tested during a two-month testnet phase on Arbitrum Sepolia. BRIX price? It exploded from $0.01 to $0.44. Here’s the proof:

How to get GAS on Arbitrum Sepolia Testnet:
https://medium.com/@Brightpool.finance/how-to-get-gas-on-arbitrum-sepolia-testnet-8752059725aa

How to get Test Funds to trade on BrightPool finance:
https://medium.com/@Brightpool.finance/how-to-get-test-funds-to-trade-on-brightpool-finance-0caba318d39a

Just put a BUY or SELL order, then type as many bWETH as you want and press “ORDER”
Remember that the “Price” amount is 2% bigger or smaller than the actual price of the token, as these are Options.

Then, as you can see, the AI model makes the transaction; please wait for the confirmation; if you get any error, please refresh the website and log in with the wallet once again.

After It’s finished, you should see the new screen with the confirmation:

⚪️ New AI Trading is here ⚫️

⚪️ 0% fees. Get Paid for each order. ⚫️

Website: https://brightpool.finance/

Twitter: https://twitter.com/BrightpoolX

https://faucet.quicknode.com/arbitrum/sepolia

HOLD AT LEAST 0.001 ETH (3$) ON MAINNET TO CLAIM

⚪️ New AI Trading is here ⚫️

⚪️ 0% fees. Get Paid for each order. ⚫️

Website: https://brightpool.finance/

Twitter: https://twitter.com/BrightpoolX

In the fast-evolving DeFi world, Brightpool is taking giant strides in option trading, driven by cutting-edge AI technologies. As we navigate the ever-shifting financial landscape and witness AI’s ascendance, we’re thrilled to unveil our groundbreaking methodologies beyond the traditional Black-Scholes-Merton (BSM) model.

The BSM Model’s Foundation: A Solid Ground to Soar

The BSM model has long been the bedrock of options pricing and trading, providing a simplified lens through which to view complex financial markets. Yet, as any pioneering team, we at Brightpool embrace the philosophy that all models have their limitations. We’re committed to recognizing and addressing these limitations, propelling us into a new trading era.

The Delta Hedge Portfolio: Navigating the Market Dynamics

The delta hedge portfolio is central to the BSM model, a dynamic blend of a long call option and an underlying asset price continually evolving with market dynamics. This portfolio considers essential factors such as time decay and the influence of interest rates on the trading position. One pivotal element is the rate of change of an option position’s delta concerning the underlying asset’s price, a concept referred to as gamma (γ).

Implied and Realized Volatility: Bridging the Expectation Gap

In options trading, success hinges on the interplay between implied volatility, predicted during a transaction, and realized volatility, observed post-option expiration. The profit you secure is intricately linked to the disparity between these two measures.

Innovative Approaches: AI-Powered Forecasting

We’re at the forefront of ushering in fresh methodologies that extend beyond the confines of the BSM model. Our AI-driven forecasting model harnesses a vast trove of data, enabling us to make more precise predictions about expected volatility. Though we can’t divulge all the intricacies of our AI model, rest assured it integrates cutting-edge machine learning advancements to keep us ahead of the curve.

Challenges and Beyond: Constant Evolution for Maximum Precision

Even with the strengths of the BSM model, there are challenges to overcome, especially when estimating at-the-money volatility for various price ranges. At Brightpool, we are driven to surmount these challenges. We’re adopting sophisticated valuation models in the cryptocurrency options arena, where volatility can reach staggering heights. Our transition to a model grounded in the Variance-Gamma process promises more accurate predictions. This, in turn, ensures that the premiums paid to users align even more closely with the concept of fair value, enhancing precision and fairness.

A Glimpse into the Future: Leading the Charge

We’re excited about the cryptocurrency options market as we look to the future. New solutions and innovations will undoubtedly emerge, and this is where Brightpool excels. By calculating implied volatility curves and employing advanced techniques like Akima interpolation, we are poised to stay ahead of market dynamics.

Brightpool isn’t merely an options trading platform or an exchange; we’re a dynamic force that thrives on market development in multiple ways. We’re bringing DeFi 2.0.

In Conclusion: The Future Awaits

⚪️ New AI Trading is here ⚫️

⚪️ 0% fees. Get Paid for each order. ⚫️

Website: https://brightpool.finance/

Twitter: https://twitter.com/BrightpoolX

if you still haven’t claimed GAS on Arbitrum Sepolia Testnet you will need to claim test funds; please refer to:
https://medium.com/@Brightpool.finance/how-to-get-gas-on-arbitrum-sepolia-testnet-8752059725aa

1. Navigate to our website: https://brightpool.finance/
2. In the Right corner, you can see the green “TRADE NOW” button; please click it

3. Then u just got redirected to the app: https://competition.brightpool.finance/?

Connect your wallet and follow the instructions shown on your wallet; you have to Add Goerli Testnet, then sign the terms of use:

BEFORE you will be able to get test funds, you will need to hold Arbitrum Sepolia Testnet Gas to cover testnet fees. To get it for free, please go to:

1. https://faucet.triangleplatform.com/arbitrum/sepolia

2. https://faucet.quicknode.com/arbitrum/sepolia

HOLD AT LEAST 0.001 ETH (3$) ON MAINNET TO CLAIM

After you have signed the Terms of Use, please click “WHITELIST WALLET”

then provide at least 2 contact details so we can track who you are:

then click “CLAIM TOKENS”

After you click it, you should see a window from your wallet with the transaction, please accept it.

Then you will see “BRIGHTPOOL TRADE” once you click it, it will redirect you to the platform.

If after you got redirected, you’re no longer logged in to your wallet, please log in to the same account.

Once logged in, you can see in the right corner 2 arrows << click them to see your wallet balance.

As you can see you just received test 5 ETH + 10k USDT to trade, have fun!

⚪️ New AI Trading is here ⚫️

⚪️ 0% fees. Get Paid for each order. ⚫️

Website: https://brightpool.finance/

Twitter: https://twitter.com/BrightpoolX

The curtains have finally closed on Brightpool’s Inaugural Trading Competition, and here are some things you should know.

⚫️ Winners ⚪️

We extend our congratulations to all participants and a special shoutout to the winners! Your enthusiasm and skill have truly set the bar. For those eager to see who topped the charts, the winners’ list is available here 🖤.

A Glimpse Into The Numbers 📈

This competition wasn’t just a contest; it was a pivotal event in Brightpool’s history. We launched our trading platform and handed it to you for a real-world trial. Your engagement was phenomenal. Through our Telegram Chat and Discord, you provided invaluable feedback and reported bugs, playing a crucial role in enhancing the platform’s functionality and design.

Let’s talk statistics — a total trading volume of a staggering $56,799,764 coursed through the exchange! In gratitude, we minted 1,851,127 BRIs to reward your active trading. A community of 174 brilliant traders joined Brightpool via your referral links, and a remarkable 4,290 orders were placed on our platform. Thank you to each of you! Among our participants, 784 traders were eagerly whitelisted for our competitions, with 217 legends actively trading day in and day out. We’re curious about your experiences — share your thoughts in the comments!

What’s next?

As we turn the page to the next chapter of our shared story, the excitement doesn’t end here. We will announce the details very #soon 😉 To stay up to date, drop by our X! DeFi reinvention has officially begun!

Let’s celebrate the conclusion of the $BRI token trading competition on Goerli testnet! Congratulations to the winners who demonstrated their trading prowess and willingness to do whatever it takes to become number one in this competition!

Check out the results and winning wallets:

https://docs.google.com/spreadsheets/d/17QfrdZU6wd9Z3S3Ib0qPepTBg4iW35P_h7gcoHfy6h8/edit?usp=sharing

If you’re 1 of the winners, you don’t have to do anything to receive the prize. Just wait for the announcements of our TGE, and we will airdrop $BRI tokens to your wallet after TGE! Stay tuned for our new campaign coming soon!

We’ve already contacted the Winner about his rental Lamborghini prize, and once everything is done, we will post pictures/videos of the Lamborghini he rented, just to show you we’re always real in our giveaways competitions!

⚪️ New AI Trading is here ⚫️

⚪️ 0% fees. Get Paid for each order. ⚫️

Website: https://brightpool.finance/

Twitter: https://twitter.com/BrightpoolX

At Brightpool, we’ve embarked on a journey into option trading driven by the power of cutting-edge AI technologies. As the financial landscape evolves and AI continues to dominate discussions, we’re excited to share how we’re pioneering new methodologies beyond the traditional Black-Scholes-Merton (BSM) model.

The BSM Model’s Foundation

The BSM model has long been the cornerstone of options pricing and trading. It’s a mathematical marvel, offering a simplified view of complex financial markets. However, it’s essential to remember that all models have their limitations. Brightpool’s team, always at the forefront of innovation, is committed to identifying and addressing these limitations head-on.

The Delta Hedge Portfolio

The delta hedge portfolio is at the heart of the BSM model, comprised of a long call option and a dynamic underlying asset price. It’s a dynamic duo that changes value as the underlying asset price evolves.

The BSM model considers factors like time decay and the impact of interest rates on the position. A critical aspect is the rate of change of an option position’s delta concerning the underlying asset’s price, referred to as gamma (γ).

Implied and Realized Volatility

In the options market, success hinges on the difference between implied volatility and realized volatility. Implied volatility is a prediction made during a transaction, while realized volatility is observed after an option’s expiration. The profit you can make is directly linked to the differences between these two measures.

Innovative Approaches: AI-Powered Forecasting

As we ride the wave of AI’s rising prominence, we’re pioneering new methodologies beyond the BSM model. Our AI-generated forecasting model leverages a wealth of data, allowing us to forecast expected volatility more accurately. While we can’t reveal all the intricacies of our AI model, rest assured that it utilizes the latest advancements in machine learning to stay ahead of the curve.

Challenges and Beyond

The BSM model isn’t without its limitations, particularly when it comes to estimating at-the-money volatility for different price ranges. But at Brightpool, we’re not content with the status quo. We’re constantly innovating to address these challenges.

In the world of cryptocurrency options, where volatility can be extreme, Brightpool is leading the way in adopting sophisticated valuation models. We’re transitioning to a model based on the Variance-Gamma process, which allows for more accurate predictions. This means that premiums paid to users can be even closer to the concept of fair value, enhancing both precision and fairness.

A Glimpse into the Future

As we look ahead, we’re excited about the future of the cryptocurrency options market. New solutions and innovations will undoubtedly emerge, and this is where Brightpool shines. By calculating implied volatility curves and employing advanced methods like Akima interpolation, we’re primed to stay at the forefront of market dynamics.
Brightpool isn’t just an options brokerage or an exchange. We’re a dynamic force that benefits from market development in multiple ways. We’re not merely a participant; we’re a leader in the cryptocurrency options market.

In Conclusion

At Brightpool, we’re riding the AI wave and redefining how we approach options trading. While the BSM model remains a valuable foundation, we’re continuously innovating and pushing the boundaries of what’s possible. We’re excited to lead the way in the evolving world of cryptocurrency options and to provide the tools and insights that will shape the future of option trading. Brightpool, powered by AI, is here to light the path forward.