Connect with us
Prague Gaming & TECH Summit 2025 (25-26 March)

Blockchain

Bitrise Cryptocurrency Attracts Whales from Major Crypto Coins

Published

on

New York, New York–(Newsfile Corp. – November 8, 2021) – In the last few weeks, Bitrise coin has been one of the few crypto projects that has attracted whales from major crypto coins. Crypto enthusiasts who follow Bitrise coin must have come across the article on the day Safemoon whales joined Bitrise crypto coin.

Bitrise

To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/8372/102457_fac38b74c490095a_001full.jpg

Whale movement is keenly observed by many, including other whales and small investors. This is because they show the direction where the market is heading. With whales joining Bitrise coin, it signifies – this is a highly potent crypto project.

Advertisement

Crypto whales have a huge responsibility to protect their huge investment. They usually invest in thousands and millions of dollars. Therefore, they rarely make a mistake when making a move.

Crypto experts believe that tokenomics is one of the factors that influenced Safemoon whales to join Bitrise coin. The coin’s tokenomics are unique and developed mainly to reward investors. This is exactly what whales look for. Bitrise is a hyper-deflationary token, which means the coins in circulation keep reducing with every token bought.

The Bitrise crypto coin has automated the process of reducing coins in circulation. The team developed a buyback smart contract that buys tokens from the liquidity pool. The contract is funded by 5% of the 12% charged on every token sale transaction.

The 5% is sent into the contract, which buyback tokens in the liquidity pool, and burns them immediately. The automated liquidity control ensures transparency in the demand and price of the token.

Whales are also eyeing the BNBs rewards paid to the Bitrise coin holders. Every 4% of the collected fee is distributed to the token holders based on the volumes. Therefore, whales will definitely take the lion share of these rewards.

Advertisement

It is also important to note that the Bitrise crypto coin network is planning to launch the staking process. This is an investment opportunity for whales as the staking process earns income from generated revenue. Bitrise coin has many products that generate revenue, including Bitrise Audits, Techrate Audit, Bitrise dApp wallets, Bitrise exchange, and IBitrise blockchain.

With such a massive revenue base, then Bitrise is quickly becoming one of the most sought-after crypto projects for crypto whales. 80% APY of the generated revenue to be shared among staked crypto coins. This is definitely another investment opportunity attracting whales to Bitrise crypto coin.

With the token staking coming up at the end of November, it is expected to see more whales from the major cryptocurrencies joining Bitrise coin.

Media Contact

John K

Advertisement

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/102457

Advertisement

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

UNICC and ShelterZoom Developed a Secure Document Tracking and E-Signature Solution for the UN System

Published

on

unicc-and-shelterzoom-developed-a-secure-document-tracking-and-e-signature-solution-for-the-un-system

The United Nations International Computing Center (UNICC) and ShelterZoom are pleased to announce a new innovative blockchain-based solution for controlling and protecting the digital data of UN entities and other international organizations. As the largest strategic partner for digital solutions and cybersecurity within the UN system, UNICC has partnered with ShelterZoom, a leading data and content protection and ownership SaaS company behind innovations such as Document Token® technology and Document GPS®.

Building upon the 50 years of experienced innovation from the UNICC, the two organizations collaborated on a transformational undertaking offering robust protection and promising increased productivity for document tracking and management. ShelterZoom will contribute its proprietary document tokenization technology, along with its data protection, document tracking and e-signature solutions to deliver a white-labeled platform, giving member organizations a greater level of governance over their content. Using ShelterZoom’s flagship proprietary Single Source Of Truth® technology, the solution provides a means for each file to be protected individually without changing user normal habits instead of having to rely solely on protecting files at the database level. This ‘singularity and control’ is a new era in cybersecurity and document management, which has never been seen before at this level of seamless integration with existing tools.

“The synergy between what we deliver and the goals of the United Nations are a perfect match for Single Source Of Truth,” said Chao Cheng-Shorland, CEO and Cofounder of ShelterZoom. “We have said from the beginning that it is time to think about cybersecurity in a completely new way and in doing so we have created a solution to address other operational pain points while simultaneously solving one of the biggest challenges facing the global population today. The UN is at the frontlines of changing the world for the better and its forward-thinking approach to using technology to address fundamental issues is critical in improving livelihoods for all.”

ShelterZoom solutions have already been in use across dozens of industries and with this new commercial partnership, they can now extend their usefulness to the UN family and other international organizations. The revolutionary method for complete document tracking with built-in productivity tools, such as digital signatures and a market-first method for organizing files inside email, is an all-in-one solution built for a global workforce. The Single Source of Truth model has the added benefit of decreasing the carbon footprint created by excessive digital waste, further supporting the sustainability goals of the United Nations.

Advertisement

“The need for robust cybersecurity and data protection has never been greater,” said Sameer Chauhan, Director of UNICC. “By working together with ShelterZoom, we have developed a cutting-edge tool tailored to the needs of the UN family. Our unwavering commitment to providing best-in-class solutions ensures we continue to support the digital transformation and modernization of the UN system and other international organizations.”

The post UNICC and ShelterZoom Developed a Secure Document Tracking and E-Signature Solution for the UN System appeared first on News, Events, Advertising Options.

Continue Reading

Blockchain

Bybit Supports Wildlife Conservation Through Sea Turtle Adoption Initiative with Subsum

Published

on

bybit-supports-wildlife-conservation-through-sea-turtle-adoption-initiative-with-subsum

Bybit

Continue Reading

Blockchain

Libfx.com Announces Vision to Build a World-Class Financial Platform

Published

on

libfx.com-announces-vision-to-build-a-world-class-financial-platform
Continue Reading
Advertisement
 title=
Advertisement

Latest News

Recent Listings

  • Global Payout, Inc.

    Since the Company’s inception in 2009, Global Payout, Inc. has been a leading provider of compreh...

  • MTrac Tech Corp.

    MTrac Tech Corporation, a Nevada Corporation, is a privately held, wholly owned subsidiary of Glo...

  • Net1

    Net1 is a leading provider of transaction processing services, financial inclusion products ...

  • uBUCK Technologies SEZC

    Based in Georgetown, Cayman Islands, uBUCK Tech is a fintech enterprise that specializes in digit...

  • LiteLink Technologies Inc.

      LiteLink is a major player in developing world-class enterprise platforms that utilize ar...

  • Good Gamer Corp.

      Good Gamer Corp. is a privately-held technology company focusing on gamers and streamers....

  • BitPay

      Founded in 2011, BitPay pioneered blockchain payment processing with the mission of trans...

  • About Net1

      Net1 is a leading provider of transaction processing services, financial inclusion produc...

  • Blockchain Foundry Inc.

    Headquartered in Toronto, Canada, Blockchain Foundry (CSE:BCFN)(FWB:8BF)(OTC:BLFDF) is a global b...

  • Sixgill

    Sixgill provides a full suite of universal data automation and authenticity products and services...

Trending on TBE