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Blockchain

Shiba Inu and Safemoon’s competitor Bitrise Coin breaks $150 Million Market Cap

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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.

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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.

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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.

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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

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Blockchain

LCT Secures VARA In-Principle Approval, Defining Its Role in Dubai’s Crypto Landscape

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Blockchain

Bybit One-Click Buy Offers a Winning Chance in First-Time Deposits Lucky Draws

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Blockchain

Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)

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Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:

BlackRock ETF Embraces Blockchain with First Muni Bond Purchase

BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.

By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.

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Source: Yahoo Finance

Plume Secures Funding for Tokenization Platform

Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.

Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.

Source: Fortune

SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips

SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.

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As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.

Source: The Quantum Insider

Deutsche Bank’s Public, Permissioned Blockchain Initiative

Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.

The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.

Source: CoinDesk

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KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands

Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.

By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.

Source: PR Newswire

Industry Implications and Key Takeaways

Today’s developments highlight the transformative potential of blockchain across multiple domains:

  1. Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
  2. Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
  3. Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
  4. Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
  5. Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.

The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.

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