Blockchain
Bitrise Coin The Next Big Thing In 2022
New York, New York–(Newsfile Corp. – November 10, 2021) – Bitrise coin the next big thing in 2022 – There are many facets of the Bitrise crypto coin that experts have looked at to come to this conclusion. Already, the coin is projected to end the year as the fastest-growing crypto coin. But what are the main factors driving the projected growth.
Bitrise
To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/8372/102774_429c5f949432fbd2_001full.jpg
Two critical areas make the Bitrise coin stand out as one of the biggest coins of 2022. They are the tokenomics and the network’s products. The former defines token quality, while the latter influences earnings made from the staking process.
On tokenomics, Bitrise coin stands out as one of the most attractive tokens in the market today. It is a hyper-deflationary token, and thus the demand and price of the token will automatically rise with every sale of the tokens in the pool. Immediately after launch, the team burnt 50% of the quadrillion tokens to stimulate scarcity.
To regulate tokens in the liquidity pool, Bitrise induces scarcity using an automated buyback and burning process. It is the first cryptocurrency to include automatic Buyback with an actual use case of payment systems. This is a unique feature that has given the token an edge in the crypto market.
Every 5% of the 12% fee charged sell transaction is sent into the buyback contract to automatically buy tokens from the liquidity pool. The purchased tokens are burnt immediately. This is how the Bitrise crypto coin has improved transparency in liquidity control.
When it comes to rewarding investors, Bitrise coin has one of the best approaches. 4% of the 12% fee is distributed to the token holders in BNBs. The rewards are sent to token holder wallets automatically every 60 minutes.
Bitrise crypto coin has some of the best decentralised products on the market. The team has so far released Bitrise Audits and Techrate Audit in August as the first products, and the Bitrise dApp wallets end October. The Wallet has the Beta 2 version, which recorded thousands of downloads during the first week of listing. The Bitrise exchange and IBitrise blockchain are among the upcoming products.
The Bitrise team announced the launch of the staking process, which will start immediately after the launch of the network’s revenue sharing staking program. Investors will share 80% APY of the revenues generated from the products such as Bitrise Audit, dApp wallet, Bitrise exchange, and others.
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/102774
Blockchain
Alpha Transform Holdings Releases March Report on ASC AI Index
Blockchain
Elizabeth Warren Urges Treasury Secretary Yellen to Implement Strong AML/CFT Measures for Stablecoins
In a recent communication directed to Treasury Secretary Janet Yellen, US Senator Elizabeth Warren has strongly advocated for the incorporation of robust Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) measures specifically tailored for stablecoins. Senator Warren’s correspondence underscores the critical importance of adopting the full array of AML tools outlined by the Treasury Department in a prior November 2023 communication to Congress.
Senator Warren has underscored the burgeoning threat posed by cryptocurrencies, particularly stablecoins, to national security. She has specifically drawn attention to instances where entities like Iran and Hamas have turned to cryptocurrencies as a means to raise funds and support terrorist activities. To effectively address this evolving threat landscape, Senator Warren asserts that any forthcoming crypto legislation must encompass comprehensive AML/CFT authorities as requested by the Treasury Department.
Moreover, Senator Warren has made reference to the testimony provided by Deputy Secretary Adewale O. ‘Wally’ Adeyemo before the Senate Committee on Banking, Housing, and Urban Affairs. In this testimony, Adeyemo emphasized the critical need for additional AML authorities to combat the growing menace posed by cryptocurrencies. Senator Warren has pointed out that the exclusion of crucial actors within the digital asset ecosystem, such as miners and validators, from AML/CFT requirements could potentially enable nefarious actors to exploit the increased crypto trading facilitated by stablecoin legislation.
Senator Warren’s steadfast stance on the regulation and oversight of cryptocurrencies is aligned with her prior efforts aimed at curbing illicit activities and safeguarding consumers, the financial system, and national security interests. She has persistently advocated for the closure of loopholes in AML regulations that allow sanctioned entities like Iran to derive revenue through crypto transactions. Furthermore, Senator Warren has consistently voiced concerns regarding the exploitation of cryptocurrencies in terrorist financing schemes and has called for the implementation of stronger regulatory frameworks to protect both consumers and national security interests within the realm of stablecoin-related legislation.
Source: blockchain.news
The post Elizabeth Warren Urges Treasury Secretary Yellen to Implement Strong AML/CFT Measures for Stablecoins appeared first on HIPTHER Alerts.
Blockchain
Binance Launches Megadrop: A Token Launch Platform with Airdrops and Web3 Quests
Binance has rolled out Binance Megadrop, a novel token launch platform that blends airdrops with Web3 quests. This platform enables users to engage in BNB Locked Products subscriptions and complete tasks within their Web3 Wallet to earn early rewards from chosen Web3 projects, even before their tokens hit the Binance Exchange.
The inaugural project featured on Binance Megadrop is BounceBit (BB), a BTC restaking chain. Here are the token specifics for BounceBit: Max Token Supply: 2,100,000,000 BB, Megadrop Token Rewards: 168,000,000 BB (8% of max token supply), Initial Circulating Supply: 409,500,000 BB (19.5% of max token supply).
To kickstart their journey with Binance Megadrop, users must log into their Binance account and ensure they possess an active Binance Web3 Wallet. From there, they can subscribe to BNB Locked Products and/or fulfill Web3 Quests to accumulate scores. These scores dictate the rewards received through the Megadrop program.
The scoring mechanism for Megadrop relies on the Locked BNB Score, determined by the quantity of BNB subscribed and the subscription period’s duration. Users also earn a Web3 Quest Bonus and a Web3 Quest Multiplier upon completion of designated Web3 Quests. The total score is computed by applying the Web3 Quest Multiplier to the Locked BNB Score and adding the Web3 Quest Bonus.
Importantly, only wallets created within the Binance Web3 Wallet and not external wallets will count towards Megadrop participation. Megadrop rewards will be airdropped to users’ Binance Spot Wallets.
Users must undergo identity verification and maintain at least one active Binance Web3 Wallet to qualify for Megadrop rewards. Additionally, certain jurisdiction-based eligibility criteria apply. Users from Australia, Canada, Cuba, Crimea Region, Hong Kong, Iran, Japan, New Zealand, Netherlands, North Korea, Russia, Singapore, Syria, United Kingdom, United States of America, and its territories are presently ineligible to participate in BB Megadrop.
Binance Megadrop is aimed at offering users an interactive and rewarding experience within the crypto realm. Further details regarding the Megadrop amount, Web3 Quests, and the comprehensive listing plan will be disclosed separately.
Source: blockchain.news
The post Binance Launches Megadrop: A Token Launch Platform with Airdrops and Web3 Quests appeared first on HIPTHER Alerts.
-
Blockchain7 days ago
THXLAB and IZUTSUYA Announce Strategic Partnership
-
Blockchain3 days ago
Open-Source Intelligence (OSINT) Market is expected to reach a revenue of USD 64.9 Bn by 2033, at 25.6% CAGR: Dimension Market Research
-
Blockchain Press Releases6 days ago
Bitget to Take Center Stage at Blockchain Life and Token2049 Dubai
-
Blockchain Press Releases1 day ago
Bybit and Franck Muller Partner with Sidus Heroes to Launch Cosmic Gears: A Pioneering Web3 Game with a $250,000 Prize Pool and Exclusive Watch Collection
-
Blockchain Press Releases6 days ago
Bitrue Gears Up for 2024 Bitcoin Halving with Trading Competition
-
Blockchain Press Releases6 days ago
aelf Leads the Fusion of AI and Blockchain to Shape the Future of Technology
-
Blockchain2 days ago
Blockchain Transforming Travel: Quantum Temple’s Innovative Venture
-
Blockchain2 days ago
Evolution of the Blockchain World: Doric Blockchain Drives Education and Adoption of Blockchain Technology and Tokenization in Latin America