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
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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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