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Safemoon Competitor Bitrise Coin Now Available on Bitmart Exchange

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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.

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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.

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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.

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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

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.

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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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