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Squid Game Coin Community Members Join Bitrise Coin

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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.

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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.

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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.

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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

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

FreeBnk debuts the ‘Zillow’ of tokenized Real-World Assets

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FreeBnk, the fintech platform offering affordable financial services for crypto investors, launches its tokenized RWA (real-world asset) platform to enable its clients to invest in real estate through fractionalized ownership. Through FreeBnk’s app, clients can effortlessly purchase shares of the first property located in Dubai, democratizing real estate investing by eliminating traditional barriers such as complex paperwork, similar to the seamless experience of browsing and investing on Zillow. Investors of FreeBnk’s tokenized RWAs will receive a 15 percent annual return and a 9 percent rental return from their investment.

Tokenized RWAs have exploded in demand within the digital asset ecosystem, drawing interest from both crypto investors and traditional financial institutions. This sector has become one of the largest in DeFi, with DEX volume experiencing substantial growth from $2.3 billion in December 2024 to $3.6 billion by April 2024. Amidst the escalating global cost of living, tokenized RWAs emerge as an alternative and more accessible investment option offering potentially higher returns, democratizing access to market-proof assets. However, the UI and UX continue to be complex and unfriendly for users unfamiliar with these platforms.

With the launch of its new platform, FreeBnk simplifies wealth-building opportunities by offering ownership shares in properties for potentially generating passive income. Now live within its native mobile app, the decentralized application (dApp) removes the complexities of property ownership, enabling investors to readily enter the tokenized RWA sector. The process involves three straightforward steps:

Search properties: Through the FreeBnk app, users will be able to explore properties, filtering by type, ROI, and yield—allowing investors to align their property investments precisely with their financial objectives.
Buy shares: Users will be able to select their desired property and invest any amount in a few, simple steps. FreeBnk helps to bypass traditional real estate processes and manages all aspects of property ownership using smart contracts.
Earn rental income: FreeBnk automatically assigns a property portfolio to its customers, taking care of all real estate management responsibilities. This service includes collecting and depositing rental income directly into the client’s accounts.
Clients ready to capitalize on property appreciation can conveniently sell their shares at any time through FreeBnk’s secondary market. FreeBnk is committed to offering top-quality real estate, already investing over 250,000 AED into its first property. As a hub for innovation and growth, Dubai sets the stage for global expansion with its growing real estate market and investor-friendly environment.

“As we look ahead, we see the potential of tokenized RWAs and the positive ways in which they can revolutionize the real estate market through fractional ownership,” says Yunus Emre Ozkaya, CEO of FreeBnk. “By tokenizing properties, our goal is to empower investors across the globe, showcasing the unique benefits of tokenized RWAs and offering new avenues for investment. Real estate, known for its relative stability, provides a passive income opportunity amidst global economic fluctuations. We aim to cater not only to crypto enthusiasts but also to newcomers seeking alternative investment options.”

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The post FreeBnk debuts the ‘Zillow’ of tokenized Real-World Assets appeared first on HIPTHER Alerts.

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DeFi Technologies Expands BTC Treasury Holdings and Diversifies into Solana, CORE and CORE DAO Staking

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DeFi Technologies Inc. (the “Company” or “DeFi Technologies“) (CBOE CA: DEFI) (GR: R9B) (OTC: DEFTF), a financial technology company that pioneers the convergence of traditional capital markets with the world of decentralised finance (“DeFi“), is pleased to announce the expansion of its digital asset treasury strategy. The Company has purchased an additional 94.34 BTC, bringing its total BTC holdings to 204.34 BTC. Additionally, the Company  has acquired 12,775 SOL tokens and 1,484,148 CORE tokens, with plans to actively participate in CORE DAO’s staking facility.

Expanded Bitcoin Holdings

Following the Company’s initial acquisition of 110 BTC in June 2024, the Company has continued to bolster its confidence in BTC as a primary treasury reserve asset. The additional purchase of 94.34 BTC, for a total of 204.34 BTC reaffirms the Company’s commitment to this leading digital asset, recognizing its unique characteristics as a scarce and finite asset, and its potential as a hedge against inflation and a safeguard against monetary debasement.

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Addition of Solana (SOL) to Treasury

In a strategic move to diversify the Company’s treasury, the Company has acquired 12,775 SOL tokens. SOL stands out with its high-performance, permissionless blockchain, capable of processing up to 65,000 transactions per second, thanks to its unique Proof of History and Proof of Stake combination. This scalability and efficiency surpass many of its peers.

SOL’s low transaction fees and rapid processing times lower barriers for developers, fostering a strong user base and impressive fee generation. The platform’s trading volume has reached US$393.71 billion, indicating robust market activity and user engagement. The liquidity Total Value Locked (“TVL“) stands at US$865.97 million, reflecting substantial assets held in liquidity pools, which support trading activities. Since its inception, SOL’s decentralized finance landscape has attracted 24,591,311 traders and executed 1,847,335,349 swaps, highlighting its high transactional activity and efficiency.

Overall, SOL’s technical strengths, significant market activity, and ongoing enhancements position it as a promising investment, offering a scalable and efficient platform for a wide range of decentralized applications.

Addition of CORE To Treasury and Participation in CORE DAO’s Staking

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The Company is also pleased to announce that it has purchased 1,484,148 CORE tokens and intends to participate in CORE’s staking facility. CORE’s innovative staking solution enables holders to stake BTC non-custodially enhancing yield opportunities and contributing to network security and stability. The Company’s participation in this staking facility not only diversifies its income streams but also strengthens its collaborative relationship with CORE Foundation and involvement in the broader DeFi ecosystem. CORE is proving to be a leading BTC scaling chain with over 55% of BTC hash rate participation,US$138.5M in TVL, and 5,000+ BTC staked (~US$320M).

“We are thrilled to announce these significant advancements in our digital asset treasury strategy,” said Olivier Roussy Newton, CEO of DeFi Technologies. “Our increased BTC holdings, strategic investment in SOL, CORE and participation in CORE’s staking facility reflect our commitment to leveraging the most promising opportunities in the decentralized finance landscape. These actions not only diversify our balance sheet but also align with our mission to bridge traditional capital markets with the innovative world of DeFi.”

The post DeFi Technologies Expands BTC Treasury Holdings and Diversifies into Solana, CORE and CORE DAO Staking appeared first on HIPTHER Alerts.

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Blockchain

Crypto Price Predictions: Comprehensive BlockchainReporter Platform Helps Cryptocurrency Investors Stay Ahead Of Market Volatility

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