Blockchain
Safemoon Competitor Bitrise Coin Now Available on Bitmart Exchange
New York, New York–(Newsfile Corp. – November 14, 2021) – Safemoon is a DeFi protocol built on Binance Smart Chain. The native token is Safemoon, and was launched on 9th May 2021. Safemoon team is developing a decentralised financial system, a platform that will be providing users with a range of products. Though Safemoon has been doing well in the market as a DeFi project, it faces competition from newer DeFi projects.
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Bitrise, a coin that is growing at a very fast rate and is quickly becoming a tough Safemoon competitor. The coin recently joined Bitmart Exchange. Like Safemoon, Bitrise is developing a DeFi protocol on the Binance Smart Chain. The Native token is $BRISE and was launched on 28th July 2021, almost five months after Safemoon. Bitrise platform is looking to decentralise the financial system just like Safemoon. But the team has delivered more than Safemoon so far.
Just like Safemoon, Bitrise coin is planning to provide users with a wide range of products on its platform. From the roadmap, Safemoon is developing a Safemoon mobile wallet, Safemoon exchange, Safemoonhard-wallet and a Safemoon V2 (Safemoon protocol contract). Bitrise is also developing a wallet, exchange, Audit tools, buyback protocol, and also blockchain.
What makes Bitrise different from Safemoon?
The Bitrise team has already launched Bitrise Audits and Techrate Audit just a month after the coin launch. They are free auditing programs for smart contacts and blockchains. Safemoon is not offering free audit tools. Bitrise dApp wallet was launched on 28th October, two months after the token launch. Safemoon has the mobile wallet out, but it took them a long time. Such fast accomplishments are making Bitrise coin a tough Safemoon competitor.
Bitrise is now in the process of developing its exchange. So far, not much has been said about the Safemoon exchange. Safemoon has developed only one product since March. Unlike Safemoon, Bitrise already has three products, and in November, the team is launching its revenue sharing staking program.
Bitrise has now taken its competition with Safemoon to the next level after joining Bitmart Exchange. This is one of the biggest exchanges, and with Bitrise joining, the coin will be more available to the Safemoon community. The coin recently reported receiving new members from Safemoon. With more Bitcoin available, more Safemoon members could join Bitrise.
With Bitrise joining Bitmart exchange, it will be competing with Safemoon. Both Safemoon and Bitrise are developing similar products. Being on an exchange means now traders can swap from Safemoon tokens to Bitrise tokens with ease.
After joining the Bitmart exchange, Bitrise will be taking competition a notch higher against Safemoon with the launch of the staking process. This will be a huge opportunity even for the Safemoon community members. With the staking launch, more Safemoon members will join.
Bitrise will be sharing 80% APY of all revenues generated from utility products on the ecosystem. This is an income that will even attract Safemoon users. Safemoon is yet to announce token staking on its ecosystem.
The value of BRISE is increasing at a higher rate than the Safemoon token because of the automated buyback and burning of liquidity pool tokens. Safemoon also automatically buys back but burns manually. On rewards, Safemoon is not sending reflections to token holder’s wallets automatically like Bitrise.
The Bitrise crypto team will be way ahead of the Safemoon team in delivering their roadmap. With Bitrise available on the Bitmart exchange, competition with Safemoon will become tougher. The exchange will make it possible for users to swap Safemoon to Bitrise, which will make it easy for Safemoon users to join Bitrise.
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/103465
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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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