• Bitrise’s platform offers tokenomics.
• Investors can enjoy attractive rewards through the platform.
• Fast accomplishment in building DeFi protocol.

Safemoon just released the highly anticipated Safemoon V2. The team claims that the Safemoon V2 upgrade is a return to normal after Safemoon suffered a steep decline in price over the past few weeks. However, the main question being asked by the crypto community today is whether or not the V2 protocol will be competitive with DeFi projects that are rapidly rising and offering similar products.

Bitrise is currently ranked among the most difficult competitors for Safemoon. It’s one of today’s fastest growing crypto coins. The token was launched on July 28, 2021 and has performed well even when Safemoon’s stock price is falling.

Bitrise is currently developing a protocol which will become the next great thing in DeFi. This is the same product that Safemoon is working on, and that’s why both projects are constantly compared. Bitrise coin was launched five months later than Safemoon, and has achieved a lot.

Bitrise, currently the fastest growing cryptocurrency, was launched with the Safemoon V2 to counter this growth. The expectations have not been met. It will not be able to rival Bitrise unless the competition grows at a faster rate than Bitrise.

Bitrise does not have Safemoon V2 but it has many products within its ecosystem. While Safemoon V2 has the wallet and Bitrise Audits, Techrate Audi and dApp wallet are available to the rival. They also confirmed the launch in Q1-2022. At the rate of development, Safemoon V2 won’t be able compete with this cryptocurrency. To be competitive, the team must deliver its roadmap quicker.

Bitrise announced that the Staking Program has been launched. It is a significant milestone for the project. As thousands more members joined Bitrise every day, this announcement has helped to increase the community’s size. Safemoon will not yet announce when they plan to begin the stake process.

Another reason why the crypto community believes Safemoon can’t compete with Bitrise is its innovative and appealing tokenomics. The platform tokenomics are developed to reward investors, and that’s why the coin community is growing fast. Token holders can receive 4% in BNBs and the platform will tax transactions at 12%. Unlike Safemoon V2 reflections, the rewards are sent automatically to the token holders’ wallets every 60 minutes.

The tax of 5% goes towards buying back tokens from liquidity. The bought-back tokens get burned immediately. Bitrise is highly competitive because of these tokenomics. This coin is a formidable competitor due to its attractive rewards and staking rewards.

With Bitrise coin’s fast growth, fast accomplishments, and attractive tokenomics, the crypto community says it will be difficult for Safemoon V2 to compete with it.

For the most recent updates, follow Bitrise’s social media platforms.

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