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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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Newsfile is a customer-focused newswire team that delivers press releases and corporate announcements to the global financial community. Approved by all stock exchanges, Newsfile offers broad access to media, analysts, investors and market participants. With agile services, proactive customer care and affordable pricing; Newsfile makes it easy for companies to tell their story to the audiences they need to reach.

Blockchain

Adapt or Die: The Urgent Shift from VASP to MiCA

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The European Union’s landmark MiCA regulation is set to transform the crypto industry, establishing stringent standards that many current Virtual Asset Service Providers may find challenging to meet. As MiCA compliance becomes the standard for operating within the European Economic Area, crypto exchanges and asset companies must take prompt action to align their operations with these comprehensive regulations.

To support businesses in navigating this significant transition, an exclusive webinar “Adapt or Die: The Urgent Shift from VASP to MiCA” will be held on Tuesday, November 19th, 2024, at 5:00 PM (CET) time.

This session is designed to provide industry professionals with practical insights and strategies to ensure their software and operations comply with MiCA standards.

Key highlights of the webinar include:

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● Detailed analysis of MiCA regulations and their implications for the crypto sector.

● Actionable steps for software adaptation to achieve MiCA compliance.

● Case study feature: How Kyrrex achieved MiCA readiness using solutions from Simplify Labs.

● Practical tools for Anti-Money Laundering, Know Your Customer processes, cybersecurity, and transaction monitoring.

The webinar will be useful for CEOs, COOs, Compliance Officers, Regulatory and Legal Professionals, Tech Managers, and Investors looking to enter or expand within the EEA market. Attendees will gain the knowledge and tools necessary to adapt and thrive under the new MiCA regulatory framework.

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Featured speakers:

Vadim Rozov, CEO at Simplify Labs, brings over 20 years of management and software development experience. Under his leadership, the company is dedicated to simplifying crypto and blockchain technology, making it accessible for non-technical founders and management teams.

Kevin Plumpton, CEO at Kyrrex, is a warranted advocate with extensive expertise in finance, business, property, and international law. He specializes in corporate governance, risk, and compliance legislation, and is a prominent figure in the Anti-Money Laundering and Counter Financing of Terrorism fields. He is recognized for developing innovative KYC and due diligence platforms utilized by leading organizations.

“The crypto industry is at a critical juncture where understanding and adhering to MiCA regulations is essential for continued growth and market access,” said Kevin Plumpton, CEO at Kyrrex. “Events like these are vital for bringing together industry leaders to share knowledge and best practices, ensuring businesses can adapt effectively and sustain their operations.”

Franklin Cachia, Executive Director at CSB Group, is an accomplished professional who advises clients on taxation, financial services, AML compliance, and corporate law, among other areas. His broad expertise also encompasses gaming, GDPR, and property law.

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Blockchain

Global Collaboration and Elite Team Drive: TwyAe Advances into the New Era of Crypto Finance

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TwyAe Exchange

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Blockchain

Frontiers of Fintech: Innovative Practices of SILEGX Exchange

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SILEGX Exchange

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