BreadWallet, cryptocurrency wallet service, published an update on its first quarter on Mar. 16, three months after the token sale.
According to the announcement, Bread (BRD) application will start supporting Ethereum from the first week of April. However, ERC-20 functions will only be available to users who took part in the company’s ICO. Additionally, the team will be running an airdrop in order to celebrate the success of the project.
BRD – Banking Reinvented and Decentralized
Bread is a venture-backed company that provides “nerd-level security” to users. The team members consist of co-founders Aaron Voisine, Adam Traidman and Aaron Lasher. Voisine is a Silicon Valley veteran, Traidman is an angel investor and Lasher is one of the early investors of bitcoin. Litecoin creator Charlie Lee is one of the advisors of the project, along with BitGo’s co-founder Ben Davenport. However, Lee has tweeted that he didn’t advise the ICO or receive BRD from the team.
Lasher thanked loyal customers for their support in the recent blog post and explained the upcoming details.
The next release is targeted for the first week of April, when the app will fully support Ethereum, in addition to bitcoin and bitcoin cash, all decentralized. In April, ERC-20 token functionality will be made available exclusively to our current beta testers who are holding ETH and BRD, a group that is now closed to new applicants. We appreciate our most loyal users and want to enable them first access to these new features.
The additions will be included in the iOS and Android apps after the team has completed testing the software. The company boosts that users will be “bulletproofing” their funds because it is impossible to hack BRD. Token holders will also enjoy Rewards Waterfall program this month, and users who hold an amount of 25,000 BRD or more won’t have to pay bitcoin transaction fees for an entire month.