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

Blockchain

Safemoon Community Says Bitrise Coin Is Better

Published

on

New York, New York–(Newsfile Corp. – November 12, 2021) – Bitrise is a DeFi protocol built on Binance Smart Chain that is launching incredible decentralised products. The token was launched on 28th July, 2021. The platform is currently competing with big DeFi projects like Safemoon. From the Bitrise team, thousands of investors are buying Bitrise tokens, including investors from other crypto projects such as Safemoon.

Bitrise

To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/8372/103358_55691a54f4d689e7_001full.jpg

Bitrise crypto coin is developing a decentralized financial platform. Like Safemoon, Bitrise is leveraging blockchain technology to develop a DeFi protocol that will disrupt the current centralised financial systems. The system will enable more people to access finances and enjoy financial freedom and choices.

Advertisement

There are many DeFi projects in the market today, including Safemoon, but using different approaches to decentralise the financial system. Just like Safemoon, Bitrise coin has taken the investor-oriented approach.

According to the Bitrise team, they are designing a DeFi protocol that rewards investors. So far, investors are happy with what the team is offering. A former Safemoon investor on Bitrise official Twitter account admitted that Bitrise coin is better than Safemoon.

Bitrise coin tokenomics are a little different from Safemoon. But just like Safemoon, it is a hyper-deflationary token. This means Bitrise tokens are in the liquidity pool, just like Safemoon, will be reducing with time.

The major difference Bittise crypto coin has over Safemoon, according to the whitepaper, is the token buyback and burning process. Bitrise is the first DeFi protocol to develop a contract that buys back and burns tokens automatically. Safemoon burns manually. This means Bitrise will have a more trustworthy liquidity regulation than Safemoon.

Bitrise will be creating demand for its token more efficiently than Safemoon. This includes providing steadier price adjustments than Safemoon due to the automation advantage. With manual token burning, Safemoon’s price will be a little inconsistent as adjustments take longer.

Advertisement

Tokenomics

Bitrise tokenonics also rewards investors for just holding tokens. From the 12% tax collected in sell transactions, 4% goes to token holders as rewards for holding tokens. The rewards are paid in BNB every 60 minutes, and the distribution is automated. Safemoon rewards distribution is a little different.

Safemoon reflections are 5% of the 10% and are distributed to all token holders. But the distribution of Safemoon reflection is not automated. Safemoon investors are required to place requests for them to be released. This makes Safemoon a little bit complicated, unlike Bitrise. With 50 billion Bitrise tokens, the former Safemoon investor will get hefty rewards.

As a DeFi project, the team is developing multiple products to generate revenues for the investors. Safemoon is also developing products for its network users. However, Safemoon products are fewer and might take longer to develop and launch.

Bitrise coin has developed and launched Bitrise Audits and Techrate Audit. They are free audit programs for smart contracts and blockchains. The Bitrise dApp wallet is also developed and running. Safemoon has only developed and launched the wallet. This shows the revenue generated on Safemoon is smaller than Bitrise. This means every token staked on Safemoon protocol.

Advertisement

Bitrise is now developing the exchange and blockchain platforms, which Safemoon is yet to develop. Bitrise platform also provides staking. Safemoon is yet to launch the staking process on its platform. Bitrise has its revenue sharing staking program ready for launching, and little is said about such a product at Safemoon. Staking will be a powerful investment opportunity that will make Bitrise better than Safemoon.

Bitrise’s competition is Safemoon and other DeFi projects offering almost the same decentralised systems. But the team says they have a better DeFi protocol to compete with Safemoon.

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/103358

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

Bybit Expands bbSOL Yield Opportunities Through Strategic DeFi Partnerships

Published

on

bybit-expands-bbsol-yield-opportunities-through-strategic-defi-partnerships
Continue Reading

Blockchain

This Week in Finance News: 11 Stories You Need to See

Published

on

this-week-in-finance-news:-11-stories-you-need-to-see

 

With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire. To help finance journalists and consumers stay on top of the week’s most newsworthy and popular releases, here’s a recap of some major stories from the week that shouldn’t be missed.

The list below includes the headline (with a link to the full text) and an excerpt from each story. Click on the press release headlines to access accompanying multimedia assets that are available for download.

  1. Prosperity or catastrophe: #Insurance2040 study reveals four possible futures for the industry
    By 2040, technological innovation driven by customer centricity could pave the way to greater climate resilience and more personalized offerings by the insurance industry. Alternatively, insurance could become a luxury afforded only to the wealthiest few.
  2. Cardinal Health announces two strategic additions to its portfolio
    Cardinal Health will acquire a majority stake in GI Alliance (GIA), the country’s leading gastroenterology (GI) management services organization (MSO), from a combination of GIA physician owners and funds managed by affiliates of Apollo. Cardinal Health will also acquire the Advanced Diabetes Supply Group (ADSG), one of the country’s leading diabetic medical supplies providers, for approximately $1.1 billion in cash.
  3. BlackRock Launches New BUIDL Share Classes Across Multiple Blockchains to Expand Access and Potential of BUIDL Ecosystem
    This initiative represents the next step in the evolution of the tokenization market, by enabling BUIDL to be used within leading blockchain-based financial products and infrastructure across ecosystems.
  4. Primo Brands Corporation Announces Successful Completion of Merger of Primo Water and BlueTriton Brands
    “I believe Primo Brands is positioned to be a leader in the healthy hydration beverage category, thanks to the strength of its iconic, sustainably-sourced brands, its robust operations and extensive North American network, and its responsible operation of numerous springs across the country,” said Dean Metropoulos, Non-Executive Chairman of the Board of Directors of Primo Brands.
  5. Jackson Hewitt Tax Services Expands Workforce, Offering Job Opportunities Nationwide for Upcoming Tax Filing Season
    The week-long event will launch the combined hiring of 18,000 employees to prepare for the upcoming tax filing season. The Jackson Hewitt hiring events are open to the public and include on-site interviews. Qualified candidates could receive a job offer immediately.
  6. PNC Bank to Double Planned Branch Openings to More Than 200 Across Six States This announcement brings the bank’s total investment to approximately $1.5 billion to open more than 200 new branch locations in 12 cities across the U.S. over the next five years, while completing the renovations of 1,400 existing branches during the same time period.
  7. Alchemy Pay Expands Virtual Card Functionality with Google Pay Support The new card BINs added will significantly enhance the capabilities of crypto cards, expanding their support for a broader range of payment scenarios and improving transaction success rates. This advancement is particularly impactful when paired with Google Pay, one of the most popular and widely used digital payment platforms, trusted by millions for its convenience and security.
  8. Finaya Unveils Nationwide Homeownership Platform
    From providing rich and current information about home values and property conditions, to finding helpful repair and remodeling providers, to shopping for and securing the right insurance, the platform simplifies the homeownership process, making it more accessible, convenient and efficient.
  9. GenAI predicted to inspire revenue growth in 76% of businesses, but only 4% qualify as “leaders” in AI and analytics
    Kearney’s report confirms that businesses are not only aware of how big data, AI, and analytics will impact revenue generation and enhance business strategies, but they are investing to stay ahead of the curve, too.
  10. GameAbove Sports Acquires Meaningful Ownership Stake in Brisbane Bullets with NBA Legend George Gervin as Part of Ownership Team
    This move marks a significant milestone for GameAbove Sports, a CapStone Holdings Inc. company, as it expands its influence on international basketball ahead of the Brisbane 2032 Olympics.
  11. Most US shoppers are encountering generative AI while shopping without realizing it
    A survey of 700 online shoppers in the US shows 71% are unaware of having used generative AI while shopping online even though most had recently shopped at retailers currently using it. 41% of customers say they would feel comfortable using a generative AI tool from a brand they trust.

For more news like this, check out all of the latest finance-related releases from PR Newswire.

Do you have a finance press release to distribute? Sign up with PR Newswire to share your story with the audiences who matter most.

Advertisement

Helping Journalists Stay Up to Date on Industry News

These are just a few of the recent press releases that consumers and the media should know about. To be notified of releases relevant to their coverage area, journalists can set up a custom newsfeed with PR Newswire for Journalists.

Once they’re signed up, reporters, bloggers, and freelancers have access to the following free features:

  • Customization: Users can create customized newsfeeds that will deliver relevant news right to their inbox. Newsfeed results can be targeted by keywords, industry, subject, geography, and more.
  • Photos and Videos: Thousands of multimedia assets are available to download and include in a journalist or blogger’s next story.
  • Subject Matter Experts: Journalists will have access to ProfNet, a database of industry experts to connect with as sources or for quotes in their articles.
  • Related Resources: Our journalist- and blogger-focused blog, Beyond Bylines, features regular media news roundups, writing tips, upcoming events, and more.

The post This Week in Finance News: 11 Stories You Need to See appeared first on .

Continue Reading

Blockchain

Fintech as a Service Market: A Comprehensive Trends Analysis Predicts a USD 1,329.12 Billion by 2032 CAGR: 17.4% | PMR

Published

on

fintech-as-a-service-market:-a-comprehensive-trends-analysis-predicts-a-usd-1,32912-billion-by-2032-cagr:-17.4%-|-pmr
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