New York, New York – (Newsfile Corp. – October 31, 2021) – Safemoon and Dogecoin are currently among the hottest coins in the crypto market today. Although their prices have skyrocketed with huge margins over the past few months, that hasn’t stopped new coins being released as hundreds of new tokens hit the market every day.
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Bitrise Coin is one of the newest cryptocurrencies, which has been around for just over 3 months. Launched on 28e July 2021, the coin performs very well on the market. At present, the coin is attracting a large number of new investors, including more than 3,000 members of the Safemoon and Dogecoin community.
Bitrise coin has similar characteristics to most popular coins. In fact, most crypto scholars refer to it as the next “Safemoon”. It is for this reason, among others, that it is one of the most trendy tokens, with thousands of investors joining it daily. One of its attractive features is the innovative tokenomics of Bitrise token.
It’s a hyper-deflationary payments network token, but the burning of the token supply is what sets it apart from most coins. The token uses an automated redemption process to eradicate the problem of manipulation of the token price. It is the first cryptocurrency to use an automated redemption approach, which has been a game-changer in DeFi projects.
To update the automation of redemptions, Bitrise collects a 12% tax for any transaction and 5% of this fee is automatically sent to the redemption contract to buy and burn tokens in the liquidity pool. Tokenomics also gives Bitrise coin holders 4% of the fees collected. The reward is automatically sent to investors’ portfolios in the form of BNB every 60 minutes. It simply provides an hourly basis of active income. The remaining 3% goes to marketing.
These tokenomics features attract Safemoon, Dogecoin and members of other communities to join the Bitrise coin. But there is more to this room than that. The products that come with DeFi are crucial in the popularity of tokens.
Bitrise has some amazing products that increase the usefulness of tokens. Bitrise audit is one of the first products the team launched. The platform provides free audits to blockchains, smart contracts and has been a game-changer in auditing.
The Bitrise wallet, which launched on October 28, 2021, was a game-changer in crypto wallet circles as well. The dApp Wallet allows users to trade BEP20 / ERC20 pairs without the need for Pancakeswap or Uniswap tools. Therefore, users can Safemoon, Dogecoin, and other coins, despite the type of blockchain being used.
With this wallet, users can trade local currencies directly (P2P) at no cost. The wallet is also more secure with private keys, mnemonic phrases, passwords, and authentication, making it difficult for unauthorized parties to access crypto assets. These wallet features are some of the reasons why over 3000 Safemoon, Dogecoin and other community members join Bitrise coin.
Bitrise exchange is another highly anticipated product that increases the usefulness of Bitrise tokens. The exchange will be decentralized and super secure with its 2FA / SMS security features. It allows users to exchange a wide range of coins including Safemoon, Dogecoin, Shiba Inu, and many more.
Wallet and exchange are a game-changer in DeFi. With the wallet getting rid of the Pancakeswap or the Uniswap, DeFi networks will be more efficient and easier to use, even for beginners. More tokens will be available on the exchange than what the current market offers.
With the upcoming Bitrise products and the staking process, the Bitrise coin is expected to meet and exceed the level of Safemoon and Dogecoin coins. The team is still halfway through the development of this massive project. Therefore, the number of new members who will join the token will continue to increase.
Bitrise dApp Wallet is available on Google Play Store and Apple App Store. Beta 2 is also available for download.
RP – Cryptoshib.com
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