Blockchain
Shiba Inu and Safemoon’s competitor Bitrise Coin breaks $150 Million Market Cap
New York, New York–(Newsfile Corp. – October 31, 2021) – In the last few weeks, Shiba Inu and Safemoon have been the most talked about and sought-after coins in the crypto market. Both coin prices have increased by huge margins, some in millions of dollars. Since it was launched in March 2021, Safemoon coin price increased by +1,195,960.12%, while Shiba Inu (launched early August 2021) increased by +4,548,339.79%, as of writing.
Bitrise
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For investors who have invested In Shiba Inu, Safemoon or either of the coins, it will be a smart move if they start paying attention to another fast-rising competition called Bitrise Coin. Since its release in late July, the Bitrise coin price has increased by +13,362.17% at the time of writing this release. The coin has also recently broken the $150 million market cap. This is an indication more and more investors are joining Bitrise coin.
Bitrise token, which experts believe will be the next ‘Shiba Inu and Safemoon’, has been doing very well over the last few weeks as the project takes shape and shows it will be a game-changer in DeFi.
Bitrise has one of the most innovative tokenomics. As a hyper-deflationary payment network token, Bitrise is the first cryptocurrency ever to include automatic Buyback with the real use case of payment systems.
The network collects a 12% fee from all token sales, and 5% of it is sent to the Buyback contract, which automatically buys the tokens from the liquidity pool. Therefore, token liquidity is automated hence not prone to manipulation. This is one of the exceptional features that Bitrise tokenomics is competing with Shiba Inu and Safemoon coins.
For the remaining 7%, 3% goes to marketing and 4% is rewarded to token holders as a reward in the form of BNB. Now, this is where Bitrise coin becomes exciting and a tough competitor to Shiba Inu and Safemoon. The reward sequence is automated, which means rewards are automatically sent to the investors’ wallets every 60 minutes. Therefore, investors can regularly monitor their rewards and will not need to request for the payments to be made. The rewards provide a static income.
Apart from tokenomics, the amazing product offerings is another reason why it has broken the $150 million market cap. The team has already developed some of these products, with the popular Bitrise Audit being the first release. The audit platform provided free audits to blockchains and smart contract projects and was released in August. It has been a game-changer in audits, and a huge number of developers have already used it.
But it is the Bitrise dApp Wallet that is one of the most exciting products, and since its release on 28th October 2021, it has been a game-changer. It is rivaling some of the popular wallets, like Trust Wallet, due to its outstanding safety and security features. The dApp Wallet comes with private keys, mnemonic phrases, passwords, and authentication to keep your assets secure. Hacking a wallet with such features is almost next to impossible.
In addition to security features, the wallet will enable users to trade all coins, including Shiba Inu and Safemoon. Users can now swap BEP20/ERC20 tokens in one go because Bitrise wallet supports multiple blockchain platforms. Traders on this wallet will no longer need Pancakeswap or Uniswap to trade tokens. They will easily swap Shiba Inu, Safemoon and other tokens without the need for conversion tools.
Trading on Bitrise wallet enables P2P transactions, where two individuals trade without the need of an intermediary no matter where they are in the world. The wallet also supports global transactions. Transacting local currency is attracting zero fee. These are just some of the wallet features that are making Bitrise among the top Shiba Inu and Safemoon competitors.
The Bitrise Exchange is another product in the pipeline, which will enable users to transact thousands of coins, including Shiba Inu and Safemoon. It is a centralized platform that charges lower transaction fees and offers an incredibly high transaction speed.
Though Shiba Inu and Safemoon coins are producing huge ROI for the investors, the Bitrise token is the next big thing. The coin is already trending on major platforms, and thousands are joining every day. With the $150 million Market Cap break, this is definitely a token to watch.
Media Contact
Gert Sanem
Email: [email protected]
Website: https://www.bitrisetoken.com
Telegram: https://t.me/bitrisetoken
PR – Cryptoshib.com
Email: [email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/101488
Blockchain
Humanity Protocol Collaborates with OKX Wallet to Redefine Decentralized Identity Verification and Reward Users
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Blockchain
Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity)
Building Customer Trust in AI with Blockchain
Blockchain is emerging as a critical tool in addressing the trust deficit in artificial intelligence. By leveraging decentralized ledgers, companies can provide transparent data provenance, ensuring that AI algorithms operate ethically and without bias. This integration allows customers to verify the origins of data used in AI models, fostering greater confidence.
Businesses deploying blockchain for AI governance must prioritize simplicity and accessibility in their implementations. While the technology’s potential is immense, it is essential to communicate its benefits in a manner that resonates with non-technical stakeholders.
Source: Harvard Business Review
Blockchain at a Crossroads: Balancing Promise and Peril
As blockchain technology matures, it finds itself at a crossroads. On one side, the promise of decentralization continues to captivate industries, offering solutions for supply chain management, finance, and digital identity. On the other, challenges such as regulatory scrutiny, scalability issues, and energy consumption threaten to impede its growth.
The path forward will require a concerted effort from developers, regulators, and industry leaders. Collaborative frameworks that address these challenges while preserving blockchain’s core principles of decentralization and transparency are key to ensuring its sustained relevance.
Source: Cointelegraph
BRICS vs. USD: Blockchain’s Role in Economic Shifts
The BRICS nations (Brazil, Russia, India, China, and South Africa) are exploring blockchain-based solutions to reduce their reliance on the US dollar in international trade. By adopting decentralized technologies, these nations aim to foster economic independence and promote stability in the face of geopolitical tensions.
This initiative exemplifies blockchain’s potential to redefine global financial systems. However, its success hinges on addressing interoperability issues and fostering international collaboration. The evolution of blockchain-based trade networks could mark the beginning of a new era in economic diplomacy.
Source: CoinGeek
Hungri Games Expands MetaHorse Unity to Base Blockchain
Hungri Games has announced the expansion of its MetaHorse Unity project to the Base blockchain, aiming to enhance the gaming experience with improved scalability and lower transaction costs. This move aligns with the growing trend of integrating blockchain into gaming to create transparent and secure ecosystems.
By adopting Base, a layer-2 blockchain, MetaHorse Unity seeks to offer players a seamless and cost-effective gaming experience. The partnership highlights the potential of blockchain to transform the gaming industry, enabling innovative monetization models and fostering player engagement.
Source: CoinTrust
Nano Labs Purchases Trump Tokens to Celebrate Presidency
Nano Labs commemorated former President Donald Trump’s legacy with the acquisition of 47 Trump Tokens. This symbolic gesture underscores the intersection of blockchain technology and cultural milestones, showcasing how tokens can represent historical and social narratives.
The purchase also highlights the increasing role of blockchain in creating unique, tradable assets that capture moments in time. As tokenization continues to gain traction, it is redefining how value and significance are assigned in the digital age.
Source: PRNewswire
Final Thoughts: Blockchain’s Expanding Horizons
This week’s developments highlight the diverse applications of blockchain technology, from fostering trust in AI to reshaping global economic systems. As the industry navigates challenges and opportunities, collaboration and innovation will be crucial in unlocking blockchain’s full potential.
While hurdles such as scalability and regulation persist, the technology’s ability to drive transparency, security, and inclusivity remains unparalleled. The coming years will undoubtedly see blockchain continue to evolve, solidifying its role as a transformative force across sectors.
The post Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity) appeared first on News, Events, Advertising Options.
Blockchain
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