The safemoon’s price has fallen over the past few weeks. Charts show that Safemoon’s price has fallen by an enormous percentage in the past month. Bitrise, which is one of the most popular crypto coins on the market has seen bullish growth during the same time period.
- Bitrise offers new tokenomics through its platform
- Investors get attractive incentives through the platform
- Automated token buyingback and burning to create token scarcity
Bitrise, like Safemoon is a Defi Project that has been a strong competitor over the past few months. Bitrise was launched at the end of July, just 5 months after Safemoon. It has been its most fierce competitor. Thousands of people have joined Bitrise coin in the weeks since Safemoon’s prices plummeted. There is much more to this coin than its fast-growing token currency. Tokenomics, the protocol that this team has developed, as well as attractive rewards, are all key elements making this coin highly competitive and appealing to crypto investors.
Bitrise is creating one of most important DeFi products available. This team is working to create a new decentralised financial system. It will revolutionize the DeFI industry as well as traditional finance. The development is ongoing, and the team has already launched Bitrise Audits, Techrate Audi, and dApp wallet, which will be the major products on the platform’s ecosystem.
Development of the cryptocurrency exchange is well underway. Blockchain research has also begun. These are the details that were released by team members a few weeks ago. Another factor that is appealing to Safemoon members and crypto enthusiasts is the innovative tokenomics. Bitrise, for its first purpose is hyper-deflationary token.
Depreciating token supplies creates token scarcity, which automatically increases the token’s value. A buyback contract was developed by the team that purchases tokens directly from the liquidity pool. This automated buyback is powered by 5% tax on token transactions which equals 12%.
As a bonus, crypto investors also get 4% tax for holding BRISE tokens. The token holding reward is redistributed automatically as BNB into the token holders’ wallets every 60 minutes. It is an income stream that attracts Safemoon supporters to the coin.
Safemoon is among the first to sign up for Bitrise Coin with the announcement of the staking process. An 80% APY of the revenue generated by the products on the platform’s ecosystem will be shared among staked tokens. The three products already on the ecosystem, plus the exchange that’s coming up soon, will generate a lot of revenue, and this is attracting crypto investors. Bitrise is currently the largest thing, however the upcoming exchange and blockchain will mark a milestone for the DeFi Project.
Follow Bitrise coin’s social media platforms for the latest updates.
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