Blockchain
Bitrise Coin Liquidity Grows by +900% in 3 Weeks, Making It the Fastest Growing Crypto
New York, New York–(Newsfile Corp. – November 8, 2021) – Cryptocurrency’s growth can be assessed in many ways. One of them is the growth of liquidity since it depicts how investors are buying the available tokens. Bitrise coin tops among crypto coins with the fastest liquidity growth over the last few weeks.
Bitrise
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According to the statistics shared by the team, the liquidity of the coin grew from a low of 100k to +900k, which is a +900% growth in just three weeks. These are stats that most crypto coins in the market cannot pull off. So what has been driving such massive growth?
There are a lot of activities that have been going around the Bitrise crypto coin over the last two months. These activities have been driving the demand and price of the coin higher at a steady pace. Now, more and more investors are interested in this coin, and the last three weeks have been the perfect time to invest in the Bitrise coin.
There has been an influx of new members joining Bitrise crypto coin. In the last few weeks, thousands of new crypto investors have been buying Bitrise tokens. This includes community members from some of the biggest coins in the market today.
A good example is the thousands of Safemoon and Shiba Inu community members joining Bitrise coin every day. For those who have been following Bitrise news closely, they must have come across the article on Safemoon whales joining Bitrise coin.
These are just some of the factors that have contributed to the growth of Bitrise coin liquidity by more than +900%. But these figures are not coming from nowhere. There is so much that the team has done behind the scene that is driving such huge moves.
Bitrise crypto coin tokenomics have played a critical role in attracting a huge number of new members. This is a hyper-deflationary token, and thus token demand and price will automatically increase with every transaction. The token uses a buyback technique to reduce tokens in circulation.
To regulate tokens in supply, Bitrise has automated the buyback and burning process. This makes it the first cryptocurrency to include automatic buyback with an actual use case of payment systems.
Every 5% of the 12% fee charged on every sell transaction goes to the buyback contract. The contract then automatically buys tokens from the liquidity pool, and the purchased tokens are burnt immediately. That’s how token liquidity is regulated.
The BNB tokens stipulated on tokenonics are also attracting new members. 4% of the 12% fee is distributed to the token holders in BNBs. The rewards get automatically sent to token holder wallets every 60 minutes. Most investors find this exciting because they have always been forced to request reflections.
The products launched by the team so far have also played a critical role in attracting new investors. The Bitrise dApp wallets is one of the products bringing in many new members because of its unmatched functionalities. Bitrise Audits and Techrate Audit, launched in August, have been performing very well. Though still in the development stage, Bitrise exchange and IBitrise blockchain are also creating traction around Bitrise crypto coins.
It is important to note that apart from the dApp wallet, the announcement of the staking process has indirectly contributed to the growth of Bitrise coin liquidity. More investors are buying the token in bulk for the staking process.
Crypto coin experts believe the token liquidity is soon going to hit the $1m market cap after the launch of the revenue sharing staking program. It will be interesting to watch how Bitrise crypto coin liquidity will behave before and after the launch of the staking process.
Media Contact
John K
Email: [email protected]
Website: https://www.bitrisetoken.com
Telegram: https://t.me/bitrisetoken
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/102427
Blockchain
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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.
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