Blockchain
Squid Game Coin Community Members Join Bitrise Coin
New York, New York–(Newsfile Corp. – November 12, 2021) – Inspired by the Netflix series, Squid Game Coin was one of the latest entries into the crypto market. The series did so well, and that made it possible for Squid Game Coin to penetrate the market easily. But a few days ago, Squid Game Coin got the rug pulled.
With Squid Game Coin’s rug pulled, its investors are now joining Bitrise coin everyday; more than 4000+ have joined Bitrise coin in the past 7 days.
Bitrise coin was launched on 28th July 2021, and a look at the charts shows that the coin has been doing well. Squid Game Coin investors feel they have a good opportunity to invest in the coin which is relatively new, just over three months old, and still affordable.
There is more to the Bitrise coin that is appealing to Squid Game Coin investors than its market history. The team is developing a decentralised global payment network that will be the next big thing in DeFI. Let’s look at its whitepaper to see what will make Bitrise one of the biggest players in DeFi and a very attractive coin.
Bitrise Tokenomics
Bitrise coin has an innovative tokenomics that aims at rewarding investors in a big way. This fact alone will make the coin super appealing to Squid Game Coin investors. According to the whitepaper, Bitrise is a hyper-deflationary token, which means the number of tokens in circulation will reduce with time to create demand. It is a clever way for the team to keep the token value high by constantly creating a demand.
The team burned 57% of the quadrillion tokens upon launching. Only 38% went to the liquidity pool, which is available to investors. The Bitrise team developed a buyback smart contract to maintain the token demand. The contract automatically buys tokens from the liquidity pool and burns them immediately.
The funds to buy back tokens in the pool comes from the 12% tax on all token sell transactions. The 5% of the tax is sent to the buyback contract to buy tokens in liquidity and burn them. Token holders will benefit directly from the increasing token value.
The 4% of the tax is distributed as BNB rewards to investors for just holding the token holders. The reward distribution system is automated, with BNBs sent to the token holders’ wallets automatically every 60 minutes. Such innovative tokenomics will attract Squid Game investors.
Bitrise Ecosystem
The Bitrise team is developing a range of products for the network. For DeFI projects, more products on the network mean more revenue and more returns for the investors. With multiple products in its ecosystem, Bitrise will be positioning itself as one of the best crypto coins for Squid Game Coin investors.
The project roadmap shows a list of products the team is developing. Bitrise Audit, which is the network’s audit tool, was launched in August and is already running. The program offers free audits to smart contracts and blockchain.
Bitrise dApp Wallet is another product the team launched on 28th October and has been doing very. It is a mobile app wallet that users have hailed for its impressive functionalities. Users will send, receive, store and swap various cryptocurrencies with this wallet. The Beta 2 version of this mobile app wallet is available on Google Play Store.
Other Bitrise products coming up soon include Bitrise Exchange and a blockchain. The team announced the launch of the network’s revenue sharing staking program and a staking process. All these products will generate a lot of revenues that will be shared with investors. This is the kind of crypto investments Squid Game Coin investors will be looking for.
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/103234
Blockchain
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Blockchain
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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