Blockchain
Bitrise Is Better than Safemoon V2 – Says Crypto Community
New York, New York–(Newsfile Corp. – November 15, 2021) – Safemoon, a DeFi protocol built on Binance Smart Chain, is preparing to make a comeback with an upgrade, Safemoon V2. The Safemoon V2 has been one of the most popular products on the website and will be the second Safemoon product after the release of the Safemoon Wallet. Safemoon token price has been dropping, although the token has made it among the top 100 crypto coins by the market capitalisation.
Bitrise
To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/8372/103529_eb34f6f1d49c7acf_001full.jpg
The Safemoon V2 has been the talk in the recent past and has brought some attention to the Safemoon project. But as DeFi, Safemoon will still have to compete with aggressive competitors. Bitrise, a highly potent coin and one of the fastest-growing cryptos, is one of the biggest Safemoon competitors. Launched on 28th July 2021, the coin has been compared with Safemoon in many cases. In fact, users are calling Bitrise coin the next Safemoon.
Like Safemoon, Bitrise is a DeFi protocol built on Binance Smart Chain. The Bitrise team is building a decentralized financial system just like Safemoon but a powerful system. The design of the Bitrise protocol is what differs from Safemoon. Even with the release of the Safemoon V2, the Safemoon project will still be facing tough competition from Bitrise on various aspects.
There are a number of ways that the crypto community is saying that Bitrise is better than Safemoon V2. The value between Safemoon and Bitrise has been at the heart of this discussion. Safemoon has been compared to Bitrise on matters of tokenomics.
Bitrise coin has been rated the best in rewarding users due to its innovative tokenomics. Unlike Safemoon, Bitrise’s has a contract that automated the regulation of the tokens in the liquidity pool. Safemoon has a buyback contract too, but token burning is manual. Unlike Safemoon, Bitrise buyback contact also burns automatically. This is one of the features making the crypto community vote Bitrise over Safemoon. The Safemoon V2 is not addressing this shortcoming.
Safemoon V2 is not changing how users will be getting the reflections from holding tokens. This is an area where the crypto community says Bitrise is doing better than Safemoon. Unlike Safemoon, Bitrise members are rewarded with BNB for holding tokens. The difference it has over Safemoon is the automation of distribution to the token holders’ wallets.
Safemoon V2 is the second product that the Safemoon team is releasing after months of the Safemoon wallet release. Bitrise has been delivering fast within less than four months. Unlike Safemoon, Bitrise has three products already, including Bitrise Audits and Techrate Audit, both launched in late August. Like Safemoon, Bitrise dApp wallet is also out and was launched on 28th October.
Apart from Safemoon wallet and the recent Safemoon V2, Safemoon has been slow considering it was launched 5 months before Bitrise coin. Therefore, the crypto community says Bitrise is delivering faster than Safemoon, which is making it better.
Safemoon team says Safemoon V2 will improve the security of Safemoon and accessibility of Safemoon tokens. The team at Bitrise is building a Blockchain-based DeFi protocol with incredible scaling and throughput features. Like Safemoon, the Bitrise platform is currently processing thousands of transactions.
Safemoon V2 is the next big thing on the Safemoon platform, but Bitrise coin is way ahead. The Bitrise team recently announced the launch of the staking process and is about to launch the staking program, which was under beta testing phase at the time of writing. Safemoon has not launched or announced the staking on the Safemoon network.
Safemoon V2 is a big milestone in the development of the Safemoon platform, but it will have to compete with the Bitrise team, which is several steps ahead of Safemoon in building its DeFi product. Soon, Bitrise coin is launching a staking program and, later on, a cryptocurrency exchange. It is this delivery rate that is making crypto community rate Bitrise better than Safemoon V2.
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/103529
According to a report from CoinTelegraph, nearly forty percent of institutional investors in Canada have exposure to cryptocurrency, as revealed by KPMG. This finding underscores the growing acceptance and adoption of digital assets among institutional investors in the country.
The report indicates that a significant portion of institutional investors in Canada are actively investing in or exploring opportunities in the cryptocurrency market. This trend reflects a shift in sentiment towards digital assets, with more investors recognizing the potential for long-term growth and diversification offered by cryptocurrencies.
KPMG’s findings highlight the increasing mainstream acceptance of cryptocurrencies among traditional investors, as well as the growing interest in blockchain technology and its potential applications across various industries. As institutional investors continue to enter the cryptocurrency market, they are expected to bring additional capital and liquidity, further fueling the growth and maturation of the digital asset ecosystem.
Overall, KPMG’s report signals a significant milestone in the adoption of cryptocurrencies in Canada, indicating that institutional investors are increasingly recognizing the value proposition of digital assets and integrating them into their investment portfolios. This trend is likely to accelerate the broader adoption and mainstream acceptance of cryptocurrencies in the country and beyond.
Source: cointelegraph.com
The post 39% of Canada’s institutional investors have exposure to crypto: KPMG appeared first on HIPTHER Alerts.
Blockchain
BounceBit (BB) Megadrop Now Open: Participate by Subscribing to BNB Locked Products or Completing Web3 Quests
The BounceBit (BB) Megadrop is now open for participation, as announced by Blockchain.News. This event presents an exciting opportunity for users to earn BB tokens by engaging in various activities, including subscribing to BNB locked products and completing Web3 quests.
Participants can join the BB Megadrop by subscribing to BNB locked products or completing Web3 quests, both of which offer different avenues for earning BB tokens. By participating in these activities, users have the chance to accumulate BB tokens and potentially benefit from the rewards associated with the Megadrop.
Subscribing to BNB locked products allows users to earn BB tokens by locking their BNB assets for a specified period. This not only provides users with an opportunity to earn rewards but also contributes to the liquidity and stability of the BounceBit ecosystem.
Additionally, completing Web3 quests offers users an alternative way to earn BB tokens by engaging in various tasks and challenges related to Web3 technology. These quests provide users with a fun and interactive way to learn about blockchain and cryptocurrency while earning rewards in the form of BB tokens.
Overall, the BB Megadrop presents an exciting opportunity for users to participate in the BounceBit ecosystem and earn rewards by engaging in activities that contribute to the growth and development of the platform. As the Megadrop progresses, participants can look forward to additional opportunities to earn BB tokens and potentially benefit from the rewards associated with this event.
Source: blockchain.news
The post BounceBit (BB) Megadrop Now Open: Participate by Subscribing to BNB Locked Products or Completing Web3 Quests appeared first on HIPTHER Alerts.
Cronos, a prominent blockchain platform, has announced a collaboration with KYVE aimed at revolutionizing blockchain data, as reported by CryptoNewsZ. This partnership represents a significant step forward in enhancing the efficiency and scalability of blockchain data storage and retrieval.
The collaboration between Cronos and KYVE seeks to leverage KYVE’s decentralized data storage and retrieval solution to enhance the capabilities of the Cronos blockchain platform. By integrating KYVE’s technology, Cronos aims to address the challenges associated with storing and accessing large volumes of data on the blockchain, such as scalability and cost-effectiveness.
KYVE’s decentralized data storage solution utilizes a network of distributed nodes to store and retrieve data, ensuring high availability and reliability. This approach not only improves the efficiency of data storage and retrieval but also enhances the security and resilience of the blockchain network.
The partnership between Cronos and KYVE is expected to unlock new possibilities for decentralized applications (dApps) and smart contracts built on the Cronos platform. By providing a more efficient and scalable solution for blockchain data management, Cronos aims to attract developers and enterprises seeking to leverage blockchain technology for a wide range of applications.
Overall, the collaboration between Cronos and KYVE represents a significant development in the blockchain industry, highlighting the importance of innovation and collaboration in driving the evolution of decentralized technologies. As the partnership progresses, it is poised to deliver transformative benefits for blockchain data management and accelerate the adoption of decentralized applications and services.
Source: cryptonewsz.com
The post Cronos collaborates with KYVE to revolutionize Blockchain Data appeared first on HIPTHER Alerts.
-
Blockchain6 days agoPhoenix Group Engages BHM Capital as Liquidity Provider to Boost ADX Liquidity and Enhance Market Dynamics
-
Blockchain6 days ago
Tether USDT stablecoin goes live on TON blockchain
-
Blockchain Press Releases6 days agoDWF Labs joins the Klaytn Governance Council
-
Blockchain6 days ago
Crypto fans count down to bitcoin’s ‘halving’
-
Blockchain Press Releases2 days agoDeFi Lens builds advanced Generative AI for Technical Analysis
-
Blockchain6 days ago
Crypto and Blockchain Weave Deeper Into the Biometrics Space – Identity News Digest
-
Blockchain6 days agoSupply Chain Finance Market Forecast to Reach $9.4 Billion by 2029: Increasing Emphasis on Sustainable Sourcing
-
Blockchain7 days agoAlpha Transform Holdings Releases March Report on ASC AI Index
