Blockchain
Safemoon Community Says Bitrise Coin Is Better
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
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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.
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.
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.
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
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Blockchain
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:
BlackRock ETF Embraces Blockchain with First Muni Bond Purchase
BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.
By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.
Source: Yahoo Finance
Plume Secures Funding for Tokenization Platform
Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.
Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.
Source: Fortune
SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips
SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.
As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.
Source: The Quantum Insider
Deutsche Bank’s Public, Permissioned Blockchain Initiative
Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.
The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.
Source: CoinDesk
KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands
Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.
By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.
Source: PR Newswire
Industry Implications and Key Takeaways
Today’s developments highlight the transformative potential of blockchain across multiple domains:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.
The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.
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