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Solana Inspired Project Bitrise Coin Team Is Working on Parachain

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New York, New York–(Newsfile Corp. – November 15, 2021) – Solana is a blockchain platform hailed for being one of the biggest Ethereum competitors. The Solana team is building a blockchain platform that will address Ethereum shortcomings. SOL is the Solana native coin, and at present, Solana ranks among the fastest-growing Ethereum competitors in the crypto market.

Bitrise

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Solana has accomplished so much since it was launched in early April of 2020. The Solana team has made huge strides in building a blockchain network. Already, Solana has more than 400 projects spanning from Web3, DeFi and NFTs running on its ecosystem.

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Apart from the fast accomplishments, the Solana team has also ensured that Solana users are getting value. The Solana coin, SOL, has grown from dollar cents to over $230 at the time of writing.

Solana has inspired many projects, one of them being Bitrise coin, a DeFi protocol built on Binance Smart Chain. Like Solana, the Bitrise team is building one of the biggest projects in DeFi. Launched on 28th July 2021, slightly one year after Solana’s launch, Bitrise coin has made incredible accomplishments for a project that was started barely 4 months ago.

Like Solana, Bitrise’s decentralised financial system is far ahead of similar projects that started together. Like Solana, the team is building this project at a great speed. Within a month of token launch, Bitrise launched Bitrise Audits and Techrate Audit. These are audit programs for smart contracts and blockchains like Solana.

In the next month, after releasing audit programs, the team was back with the much-awaited Bitrise dApp wallet. The multi-currency wallet can be used to transact hundreds of coins, including Solana coin, SOL. That’s how much Bitrise has done so far in terms of products, and like Solana, the coin will be launching more products soon.

Solana has been rewarding members in a big way. Bitrise has been using the same Solana model. The team at Bitrise says that they are designing a platform that will reward members, just like Solana. The project tokenomics and staking are designed for success like Solana.

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The Solana team has a mechanism that ensures Solana’s value is maintained. The Bitrise team has a similar mechanism to Solana. The protocol uses a buyback contract, just as the Solana network, to control the reduction of tokens in the liquidity pool. The contract ensures pool tokens are gradually reduced to create demand. Like Solana, the Bitrise coin has been very stable in the market and has impressive growth.

Bitrise coin is also offering its token holders rewards for just holding coins. Solana networks reward Solana token holders. Bitrise network charges 12% for every token sale, and 4% is distributed to token holders.

Bitrise at present is taking its rewards even further in this month of November. Like Solana, the team will be launching the much-awaited staking process. Bitrise will be distributing a huge chunk of the revenue degenerated.

Bitrise, just like Solana, is in a push to release more products in its ecosystem. Bitrise is producing more products to increase network revenue collection. The centralised Bitrise exchange is coming, and this means more staking rewards.

The Solana ecosystem is already supporting hundreds of products. The Solana team has announced that more products will be joining the Solana ecosystem. There is a lot going on at Solana, and the team behind Solana blockchain has been updating users on a regular basis.

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There is a lot to show that Solana will be one of the fastest-growing blockchain platforms. As a competitor to Ethereum, the Solana team is working to make the Solana blockchain live to user’s expectations. Like Solana, the Bitrise team is doing everything to make Bitrise the biggest thing in DeFi.

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/103567

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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.

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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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