Blockchain
The Next Solana is Bitrise Coin – Says Crypto Community
New York, New York–(Newsfile Corp. – November 13, 2021) – The next Solana is Bitrise. Solana is a blockchain platform with a native coin called SOL. Solana has positioned itself as an Ethereum competitor. Solana is rated as one of the fastest-growing Ethereum competitors. The Solana team says that they are building a decentralised blockchain platform that will enable scalable and user-friendly applications.
Solana
To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/8372/103433_0cb4f39904a79b3b_001full.jpg
Solana has more than 400 projects spanning from Web3, DeFi and NFTs, and others. It is this range of projects that are making Solana tops among the fastest growing crypto ecosystems. Launched in early April 2020, Solana has managed to beat many other projects. The Solana team says it is the fast delivery that has made Solana token, SOL, increase from cents to $232 as of writing.
Solana is hailed as one of the most successful blockchain-based projects. From the development of the projects and community gains, Solana is doing very well. The team says that Solana native coin value will continue to increase as the Solana blockchain, the main product, takes shape.
The Solana project has inspired other blockchain based projects. Among the coins that will be the next Solana is Bitrise. Bitrise is one of the fastest-growing crypto coins in the market, and the crypto community likes it. Like Solana, Bitrise is developing a blockchain-based platform for the financial industry. The team at Bitrise will be developing a DeFi protocol built on Binance Smart Chain.
The Solana team is developing a system for a better society by decentralising major services, including finances. Like Solana, the Bitrise team is developing a decentralised financial system. But there are a number of things that Bitrise coin has done that are making it the next Solana
Just like Solana, the team is developing the project pretty fast. In barely a month after token launch, Bitrise launched the initial utility products Bitrise Audits and Techrate Audit. This was even faster than Solana did in the first two months. It just took another 30 days for the team to release the Bitrise dApp wallet.
Solana is also hosting a lot of products in its ecosystem. With such products, Solana users are able to get more for the increased revenue. The multiple products are also growing Solana coin demand. The impact will be a rise of Solana coin price, and this is how Solana is successful.
The Bitrise team has taken the same route as Solana of rewarding users. From tokenomics to staking, Bitrise will make users successful like Solana. Bitrise tokens have a buyback smart contract that automatically diminishes tokens in the liquidity pool. Like Solana, Bitrise token can keep a high demand and price to provide investors value.
Bitrise is also offering rewards for holding coins. A percentage of the tax collected on token sale that is distributed to all token holders. The reward is an active income that is distributed every 60 minutes.
Staking Program
Solana has a powerful staking process that rewards Solana members. All holders of Solana coin can stake their assets and get a percentage of the revenue generated by the network. The Bitrise team will be launching the network’s staking program to join Solana in staking. Just like Solana, Bitrise will have a number of products to produce revenue for staked tokens.
The team says Solana will remain one of the biggest crypto projects of 2020-2021. The value of the Solana coin continues to grow.
Bitrise coin is also following Solana trends. The crypto community is saying it is the next Solana, and the coin is proving it every day. Bitrise coin is growing fast, just like Solana, and the team is developing a game-changing DeFi.
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/103433
Blockchain
Alpha Transform Holdings Releases March Report on ASC AI Index
Blockchain
Elizabeth Warren Urges Treasury Secretary Yellen to Implement Strong AML/CFT Measures for Stablecoins
In a recent communication directed to Treasury Secretary Janet Yellen, US Senator Elizabeth Warren has strongly advocated for the incorporation of robust Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) measures specifically tailored for stablecoins. Senator Warren’s correspondence underscores the critical importance of adopting the full array of AML tools outlined by the Treasury Department in a prior November 2023 communication to Congress.
Senator Warren has underscored the burgeoning threat posed by cryptocurrencies, particularly stablecoins, to national security. She has specifically drawn attention to instances where entities like Iran and Hamas have turned to cryptocurrencies as a means to raise funds and support terrorist activities. To effectively address this evolving threat landscape, Senator Warren asserts that any forthcoming crypto legislation must encompass comprehensive AML/CFT authorities as requested by the Treasury Department.
Moreover, Senator Warren has made reference to the testimony provided by Deputy Secretary Adewale O. ‘Wally’ Adeyemo before the Senate Committee on Banking, Housing, and Urban Affairs. In this testimony, Adeyemo emphasized the critical need for additional AML authorities to combat the growing menace posed by cryptocurrencies. Senator Warren has pointed out that the exclusion of crucial actors within the digital asset ecosystem, such as miners and validators, from AML/CFT requirements could potentially enable nefarious actors to exploit the increased crypto trading facilitated by stablecoin legislation.
Senator Warren’s steadfast stance on the regulation and oversight of cryptocurrencies is aligned with her prior efforts aimed at curbing illicit activities and safeguarding consumers, the financial system, and national security interests. She has persistently advocated for the closure of loopholes in AML regulations that allow sanctioned entities like Iran to derive revenue through crypto transactions. Furthermore, Senator Warren has consistently voiced concerns regarding the exploitation of cryptocurrencies in terrorist financing schemes and has called for the implementation of stronger regulatory frameworks to protect both consumers and national security interests within the realm of stablecoin-related legislation.
Source: blockchain.news
The post Elizabeth Warren Urges Treasury Secretary Yellen to Implement Strong AML/CFT Measures for Stablecoins appeared first on HIPTHER Alerts.
Blockchain
Binance Launches Megadrop: A Token Launch Platform with Airdrops and Web3 Quests
Binance has rolled out Binance Megadrop, a novel token launch platform that blends airdrops with Web3 quests. This platform enables users to engage in BNB Locked Products subscriptions and complete tasks within their Web3 Wallet to earn early rewards from chosen Web3 projects, even before their tokens hit the Binance Exchange.
The inaugural project featured on Binance Megadrop is BounceBit (BB), a BTC restaking chain. Here are the token specifics for BounceBit: Max Token Supply: 2,100,000,000 BB, Megadrop Token Rewards: 168,000,000 BB (8% of max token supply), Initial Circulating Supply: 409,500,000 BB (19.5% of max token supply).
To kickstart their journey with Binance Megadrop, users must log into their Binance account and ensure they possess an active Binance Web3 Wallet. From there, they can subscribe to BNB Locked Products and/or fulfill Web3 Quests to accumulate scores. These scores dictate the rewards received through the Megadrop program.
The scoring mechanism for Megadrop relies on the Locked BNB Score, determined by the quantity of BNB subscribed and the subscription period’s duration. Users also earn a Web3 Quest Bonus and a Web3 Quest Multiplier upon completion of designated Web3 Quests. The total score is computed by applying the Web3 Quest Multiplier to the Locked BNB Score and adding the Web3 Quest Bonus.
Importantly, only wallets created within the Binance Web3 Wallet and not external wallets will count towards Megadrop participation. Megadrop rewards will be airdropped to users’ Binance Spot Wallets.
Users must undergo identity verification and maintain at least one active Binance Web3 Wallet to qualify for Megadrop rewards. Additionally, certain jurisdiction-based eligibility criteria apply. Users from Australia, Canada, Cuba, Crimea Region, Hong Kong, Iran, Japan, New Zealand, Netherlands, North Korea, Russia, Singapore, Syria, United Kingdom, United States of America, and its territories are presently ineligible to participate in BB Megadrop.
Binance Megadrop is aimed at offering users an interactive and rewarding experience within the crypto realm. Further details regarding the Megadrop amount, Web3 Quests, and the comprehensive listing plan will be disclosed separately.
Source: blockchain.news
The post Binance Launches Megadrop: A Token Launch Platform with Airdrops and Web3 Quests appeared first on HIPTHER Alerts.
-
Blockchain7 days ago
THXLAB and IZUTSUYA Announce Strategic Partnership
-
Blockchain3 days ago
Open-Source Intelligence (OSINT) Market is expected to reach a revenue of USD 64.9 Bn by 2033, at 25.6% CAGR: Dimension Market Research
-
Blockchain Press Releases6 days ago
Bitget to Take Center Stage at Blockchain Life and Token2049 Dubai
-
Blockchain Press Releases1 day ago
Bybit and Franck Muller Partner with Sidus Heroes to Launch Cosmic Gears: A Pioneering Web3 Game with a $250,000 Prize Pool and Exclusive Watch Collection
-
Blockchain Press Releases7 days ago
Bitrue Gears Up for 2024 Bitcoin Halving with Trading Competition
-
Blockchain2 days ago
Blockchain Transforming Travel: Quantum Temple’s Innovative Venture
-
Blockchain Press Releases6 days ago
aelf Leads the Fusion of AI and Blockchain to Shape the Future of Technology
-
Blockchain2 days ago
Evolution of the Blockchain World: Doric Blockchain Drives Education and Adoption of Blockchain Technology and Tokenization in Latin America