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New York, New York – October 28, 2021 (Newsfile Corp.) (Investorideas.com Newswire) Bitrise Coin has broken all crypto records since launching a month ago. Bitrise Coin has reached an impressive milestone of 19,000 holders and a market cap of over $ 30 million. The astonishing growth rate of the currency indicates that it will be the next big altcoin that will revolutionize the crypto industry.
What is BitRise?
Bitrise is a hyper-deflationary payment network token that offers incredible DeFi tokenomics. The token rewards investors who hold BNB tokens while incorporating the redemption approach to reduce the tokens in circulation.
It charges a 12% tax on each transaction. Every 5% of this transaction fee is spent on the redemption. It is stored in the repurchase contract, which automatically purchases tokens from the liquidity pool.
It is important to note that Bitrise is the first cryptocurrency to include automatic redemption with the actual use case of payment systems. This means that no individual can manipulate the volume of tokens in circulation.
4% of the collected tax is distributed to all token holders in the form of BNB as a reward and automatically sent to investors’ wallets every 60 minutes. Therefore, Bitrise token rewards ensure stable passive income generated every hour. The remaining 3% is spent on marketing the token.
In addition to the innovative DeFi tokenomics, the Bitrise team offers amazing products that increase the utility of tokens. Take a look at Bitrise Audit, which offers free audits for blockchains and smart contract projects. It was launched in August 2021.
Another upcoming product that increases the value of the token is the BitRise payment system. The payment system uses BitRise dApp Wallet, which is already developed and has a beta 2 version available. The dApp wallet enables P2P service, where two people can transact in local currency directly with each other on a faster and more secure ecosystem, at no cost.
BitRise Token is not just limited to buying, selling and holding, but also has a real use case of the utility of the global payment system and P2P lending. The team is also developing Bitrise Exchange, a centralized platform that charges lower transaction fees and offers incredibly high throughput. Check out the Token Roadmap and Whitepaper for more reasons why it is one of the most sought after tokens today. Relying on a team of experienced blockchain specialists and entrepreneurs, it won’t be an exaggeration to say that the Bitrise platform may dominate the crypto market soon and become the next Shiba Inu.
Media Details
Society: Gert Sanem
E-mail: [email protected]
Website: https://bitrisetoken.com
Telegram: https://t.me/bitrisetoken
RP – Cryptoshib.com
Email – [email protected]
More information:
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