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Safemoon V2 Cannot Compete With Bitrise Coin – Says Community

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New York, New York–(Newsfile Corp. – November 16, 2021) – Safemoon V2 can’t compete with Bitrise. Safemoon has launched the widely anticipated Safemoon V2, an upgrade of the previous Safemoon protocol contract. The upgraded Safemoon contract is expected to make the Safemoon DeFi project more competitive with the team calling it a Safemoon comeback.

Bitrise

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Safemoon V2 will be addressing three major things according to the team: changing the coin’s consolidation formula to 100:1, increasing Safemoon contracts security, and making Safemoon tokens more accessible. With this upgrade, Safemoon community members are expecting that the Safemoon token will bounce back.

But Safemoon V2 will have to compete with other DeFi projects like Bitrise, a coin that is mooning and already growing very popular with the crypto community. Launched on 28th July 2021, 5 months after Safemoon launch, Bitrise coin already proved the biggest thing in DeFi and a tough Safemoon V2 competitor.

The crypto community is saying that Safemoon V2 cannot compete with Bitrise coins. Barely four months after launch, Bitrise has made more accomplishments than Safemoon, according to the crypto community.

Though Safemoon V2 is promising to improve Safemoon network security and improve Safemoon token accessibility, users say the upgrade can compete with Bitrise. Among the areas Bitrise as DeFi project is stronger than Safemoon V2 are:

  • Fast accomplish
  • Secure network
  • Better token accessibility
  • Products on network

Bitrise has accomplished so much more than Safemoon in less than four months. Within the first 3 months, Bitrise coin had Bitrise Audits and Bitrise dApp Wallet running. Safemoon V2 will only have the Safemoon wallet as a product since its launch in March 2021.

Bitrise coin has already announced the launch of the staking, and Safemoon V2 is yet to mention staking. With staking, Bitrise will have made huge steps ahead of Safemoon. Already, there have been reports of Safemoon community members joining Bitrise coin after the staking announcement.

Unlike Safemoon V2, Bitrise announced that its exchange is in the development stage, and the team is already researching Relay Chain and Parachains for blockchain development. Such accomplishments are making Bitrise superior to Safemoon V2.

Safemoon V2 will improve contract security, but Bitrise network also offers incredible security features. From the private keys, mnemonic phrases to password authentication Bitrise network is very secure. The Bitrise team recently announced the listing of Bitrise token on the Bitmart exchange, which will make the coin more accessible.

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/103783

Newsfile is a customer-focused newswire team that delivers press releases and corporate announcements to the global financial community. Approved by all stock exchanges, Newsfile offers broad access to media, analysts, investors and market participants. With agile services, proactive customer care and affordable pricing; Newsfile makes it easy for companies to tell their story to the audiences they need to reach.

Blockchain

Global Digital Lending Platform Market Forecast to Surge, Reflecting a Projected CAGR of 21.9% Through 2028 with Focus on Asia-Pacific Regional Growth

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Blockchain

Investview to Expand into the Securities Brokerage Business – Completes the Acquisition of Broker-Dealer, “Opencash Securities, LLC”. – Updated

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Blockchain

DeFi Technologies’ Wholly-Owned Subsidiary Valour Inc., Bitcoin Suisse AG, and STOXX Launch the 1Valour STOXX Bitcoin Suisse Digital Asset Blue Chip ETP

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DeFi Technologies Inc. (the “Company” or “DeFi Technologies”) (NEO: DEFI) (GR: MB9) (OTC: DEFTF), a crypto native technology company that pioneers the convergence of traditional capital markets with the world of decentralised finance (“DeFi”), is pleased to announce that its subsidiary, Valour Inc. (“Valour”), a leading issuer of exchange traded products (“ETPs”) that provide simplified access to digital assets, has partnered with Bitcoin Suisse AG, and STOXX in launching the innovative 1Valour STOXX Bitcoin Suisse Digital Asset Blue Chip ETP. This pioneering product marks a significant step forward in the digital asset market, providing a diversified investment approach to the top blue-chip digital assets in a simple and secure manner.

This new ETP is built upon the existing partnership between Valour and Bitcoin Suisse AG (“Bitcoin Suisse”), initially formed to develop Exchange Traded Products (ETPs) backed 1:1 by digital assets. This collaboration has been leveraging the unique capabilities and extensive expertise of both Valour and Bitcoin Suisse in the digital asset market. The primary focus of their joint efforts is to launch, list, operate, and distribute ETPs in both the international and Swiss markets. Swiss crypto-finance and technology pioneer Bitcoin Suisse, with its established brand recognition in the crypto assets sector, complements Valour’s role as an issuer of ETPs and provider of an exchange listing platform for digital assets.

Andrej Majcen, Chief Executive Officer of Bitcoin Suisse, commented “With this index based ETP, we are excited to be able to offer the possibility to passively diversify into the digital asset market. Our goal is to enable investors to make more informed investment decisions by providing them with professional tools in a maturing market. The Blue-Chip Index is derived methodically from a systematic rule set, making digital asset selection for portfolio diversification more accessible and less complex. Once more, Bitcoin Suisse continues to demonstrate its strength as a pioneer by delivering the first leading smart beta investment product for digital assets. With a rule based asset selection, the Blue-Chip Index is Europe’s first investment alternative to pure top market cap crypto asset strategies. We are proud to collaborate with well established and trusted partners in the global financial markets for the launch of this innovative product.“

The 1Valour STOXX Bitcoin Suisse Digital Asset Blue Chip ETP is uniquely structured to track the performance of the STOXX Digital Asset Blue Chip X Index. This index offers exposure to leading assets within the broader STOXX Digital Asset Blue Chip Index, specifically those trading on Xetra. The ETP employs a rule-based passive index methodology, meticulously designed to encompass a comprehensive spectrum of the cryptocurrency market.

Assets are classified into sectors such as Cryptocurrency, General Purpose Smart Contract Platform, Decentralized Finance (DeFi), Utility, and Culture, using the Bitcoin Suisse Global Crypto Taxonomy (GCT). The selection of assets is based on a rigorous multi-step process aimed at identifying the most influential and representative assets in each sector. This selection is re-evaluated quarterly, ensuring the ETP remains reflective of the dynamic digital asset market.

“With a maximum weighting limit of 30% for each underlying crypto, the new 1Valour STOXX Bitcoin Suisse Digital Asset Blue Chip ETP serves as the perfect tool for entering the crypto world with just one position in your portfolio,” adds Marco Infuso, Chief Sales Officer at Valour. “It can be used as a kind of satellite approach in an institutional portfolio and is ideal as a monthly savings plan solution for retail customers.”

This ETP is the result of a synergistic collaboration between Valour, Bitcoin Suisse, and STOXX, each bringing unique strengths to the table. Valour provides its proven expertise in ETP issuance, Bitcoin Suisse offers its deep-rooted experience in the crypto-finance and technology domain, and STOXX contributes its renowned capabilities in index creation and management.

The post DeFi Technologies’ Wholly-Owned Subsidiary Valour Inc., Bitcoin Suisse AG, and STOXX Launch the 1Valour STOXX Bitcoin Suisse Digital Asset Blue Chip ETP appeared first on HIPTHER Alerts.

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