New York, New York–(Newsfile Corp. – November 11, 2021) – Shiba Inu Next? Bitrise Coin Breaking Records Non-stop. Shiba Inu has been one of the crypto coins that have recorded the highest growth in 2021. The value of the Shiba Inu coin grew millions of times in just a few months. The Shiba Inu coin also became one of the top 20 largest coins in just a few months.
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Because of the bullish explosion Shiba Inu experienced after Vitalik Buterin’s $1 billion worth of Shiba COVID-19 donation to India, Shiba Inu recorded one of the biggest market cap growths in 2021. Thousands of new members were joining Shiba Inu every day.
Bitrise coin is now breaking Shiba Inu records one after the other. Bitrise has been recording huge numbers of new members every day, just as Shiba Inu did. The market cap growth for Bitrise is also growing bullish. The coin has also been breaking other crypto records in the last few weeks.
Bitrise will be one of the fastest-growing crypto coins in the coming days. Just like Shiba Inu, the coin is quickly gaining value in the market. Bitrise has been climbing up the crypto ladder fast, and it’s challenging Shiba Inu as one of the best DeFi projects.
Bitrise has been making bigger moves in DeFi that are giving it prominence over Shiba Inu and other coins. These are the moves driving its Shiba Inu record-breaking spree. From the token distribution, tokenomics, and products, the Bitrise team has done a great job.
On token distribution, Shiba Inu’s 50% of the 1 quadrillion token was locked by Ryoshi in Uniswap, which is now the permanent base of Shib liquidity. The remaining 50% were ‘Burned’ to Vitalik Buterin. That’s how Shiba Inu Carried out it’s token distribution.
On the other hand, Bitrise coin has 38% of the 1 quadrillion coins for the liquidity pool, which is smaller than Shiba Inu’s 50%. Therefore, Bitrise coin will have a higher demand than Shiba Inu due to the smaller amount of tokens in the liquidity pool.
The Bitrise coin also burned 50% of the total supply upon token launch, just like Shiba Inu. The 7% was left for future development, while the remaining 5% went to the development team.
On tokenomics, the Shiba Inu website and whitepaper have not provided clarity like Bitrise coin. The Bitrise team provided elaborate whitepaper detailing clearly the issue of tokenomics. First, Bitrise is a hyper-deflationary token. This means the number of tokens in circulation reduces with time to create demand.
Bitrise uses a buyback smart contract to automatically buy tokens from the pool and burn them immediately. Every 5% of the 12% tax charged on every sale goes to the buyback contract to buy tokens from the liquidity pool and burn them immediately. Bitrise token holders benefit from the price rise after buyback. Shiba Inu and many other crypto coins are yet to develop an automated buyback system.
Bitrise is also distributing 4% of the tax to token holders in BNB. Unlike Shiba Inu, Bitrise distributes rewards automatically. Token holders get rewards in their wallets automatically after every 60 minutes.
On the products, Bitrise has been breaking Shiba Inu records. The network will have more products than Shiba Inu, according to the whitepapers. Shiba Inu will have ShibaSwap, a decentralised cryptocurrency, as the main product. Bitrise will develop more products than its counterpart Shiba Inu.
Bitrise roadmap shows a list of products the team will be developing. Already, Bitrise Audit is up and running. The Bitrise dApp Wallet launched on 28th October 2021, and the team announced thousands of downloads in the first week. The Beta 2 version of this mobile app wallet is available on Google Play Store.
The Bitrise team recently announced that the Bitrise Exchange would be coming soon. The team also confirmed that they have started working on the IBitrise Blockchains. These are products on the project’s roadmap, and their launch will make Bitrise coin super competitive in the market.
Bitrise will continue to break Shiba Inu records moving forward if the team continues releasing products as per the roadmap. The team has done a great job so far to break some of the Shiba Inu and other crypto projects’ records.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/103009