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Bitrise Coin Built On Binance Smart Chain, Skyrockets 1000%

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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.

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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

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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.

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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]

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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

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

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Blockchain

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

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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.

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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 .

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Blockchain

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

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