Blockchain
Bitrise Coin Built On Binance Smart Chain, Skyrockets 1000%
New York, New York–(Newsfile Corp. – November 14, 2021) – Bitrise is a DeFi protocol built on Binance Smart Chain. The coin recently skyrocketed 1000%, making it one of the fastest-growing Binance Smart Chain tokens in the market today. The crypto project has also launched incredible decentralised products over the last few weeks.
Bitrise
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Bitrise coin was launched on 28th July 2021 as a Binance based coin because it runs on the Binance blockchain. The team behind this Binance Smart Chain project is developing a decentralised financial system that is going to disrupt the traditional financial industry. The DeFi system will be running on the Binance Smart Chain.
For starters, Binance Smart Chain is the biggest development platform for dApp projects. Building dApp project on Binance Smart Chain legitimises the coin. Using Binance Smart Chain ensures higher liquidity of the BEP20 token on the Binance exchange. It will also be easier to have their coin listed on Binance when the dApp is built on Binance Smart Chain.
Bitrise coin has, over the last few weeks, experienced bullish growth. The team reported registering thousands of new members joining this Binance Smart Chain platform. Hitting a 1000% growth is a great milestone for a cryptocurrency project that is barely 4 months old. But there are a number of things this Binance Smart Chain platform has been doing right.
Providing appealing rewards to investors is one thing this Binance Smart Chain platform is doing correctly. Bitrise tokenomics is very innovative and appealing. The team burned 50% of the quadrillion tokens immediately after the Binance Smart Chain token was launched. This immediately created a demand for the Binance Smart Chain token.
The team has the remaining 50% Binance Smart Chain tokens in supply distributed as 7% future development, 5% for the development team, and 38% for the liquidity pool. The Binance Smart Chain tokens in the liquidity pool are what is available for investors.
Bitrise is a hyper-deflationary token, and thus, the pool is reducing as tokens are bought. The team has developed a buyback contract that buys back the Binance Smart Chain tokens from the pool and burns them immediately. The Binance Smart Chain platform will charge 12% for every token sale.
Hyper-Deflationary
The 5% of the tax goes to the buyback contract to automatically buy and burn Binance Smart Chain tokens. This is how this Binance Smart Chain platform, Bitrise, is keeping the value for the coin high. The price of the Binance Smart Chain coin, $BRISE, has also been constant all through because of automation.
The automated buyback and burning of Bitrise tokens are making the project more trustworthy. According to the team, it is one of the reasons thousands of new members are joining the coin every day. Bitrise tokenomics reward token holders with Binance coin (BNB). Holders can sell or convert these Binance coins.
The Binance coins rewards have a lot to do with the recent 1000% growth of the Bitrise coin. According to the Bitrise team, token holders receives Binance coin automatically into their wallet every 60 minutes. This static income is attracting new members into joining this Binance Smart Chain platform.
The team recently announced the launch of the staking process. The Binance Smart Chain platform already has products that will generate revenues for staking.
The products already on this Binance Smart Chain network include Bitrise Audits, Techrate Audit, and Bitrise dApp wallet. The Bitrise team has also announced the development of Bitrise exchange and IBitrise Blockchain. These utility products are making this Binance Smart Chain more attractive.
As a Binance Smart Chain platform, Bitrise will continue making huge moves in the market. The team says they are aggressively competing with other DeFi protocols because they have a better DeFi project. The team says the Binance Smart Chain platform will be the biggest thing in DeFi.
Bitrise coin will continue to experience skyrocketing growth with the upcoming products launch. Soon the Binance Smart Chain platform is launching an exchange that will host Binance coin and hundred others, and push the coin value up.
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/103434
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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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