Blockchain
Here’s Why Safemoon V2 Will Not Be Able to Compete with Bitrise Coin
- Bitrise platform comes with innovative tokenomics
- The platform offers attractive rewards to investors
- Fast accomplishment in building DeFi protocol
New York, New York–(Newsfile Corp. – December 2, 2021) – Bitrise, one of the fastest-growing crypto coins today, is now ranked as one of the toughest competition for Safemoon. Launched on July 28, 2021, the token has been performing very well even during the time that Safemoon is plummeting. Safemoon has just launched the widely anticipated Safemoon V2. As the team says, the upgrade was a comeback that would get Safemoon back to an upward trajectory after the coin experienced a price fall for weeks. But the question the crypto community is asking is whether the upgraded protocol (V2) will be able to compete with already fast-rising DeFi projects offering the same product.
Bitrise
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Bitrise is developing a protocol that will be the next big thing in DeFi. This is the same product that Safemoon is working on, and that’s why both projects are constantly compared. Bitrise coin launched five months after Safemoon and it has accomplished a lot.
Bitrise is currently one of the fastest-growing cryptocurrencies, and the launch of the Safemoon V2 was thought to rival this growth. It is yet to live up to the expectations. Unless the competitor starts growing at a higher rate than Bitrise, it will be impossible to compete with this coin.
Unlike Safemoon V2, Bitrise has multiple products running in its ecosystem. Whereas Safemoon has the wallet, the competitor has Bitrise Audits, Techrate Audi, and dApp wallet. The team has also announced the launch of the exchange in Q1-2022. Safemoon V2 will not be able to compete with this coin at the current pace of development. The team will need to deliver its roadmap faster to be competitive.
The Bitrise team has announced the launch of the staking program, which is a big milestone for the project. The announcement has seen the size of the Bitrise community grow bigger as thousands of new members join every day to get a part of the staking rewards. Safemoon is yet to announce the plans to start the staking process.
Innovative and attractive tokenomics is another reason the crypto community says Safemoon cannot compete with Bitrise. The platform tokenomics are developed to reward investors, and that’s why the coin community is growing fast. The platform is taxing 12% on all transactions, and 4% is redistributed to token holders in BNBs. Unlike Safemoon V2 reflections, the rewards are sent automatically to the token holders’ wallets every 60 minutes.
The 5% of the tax goes to buying back tokens from the liquidity, and the bought-back tokens are burned automatically. These are tokenomics making Bitrise super competitive. The attractive rewards plus the staking rewards are making the coin even a tough competitor.
With Bitrise coin’s fast growth, fast accomplishments, and attractive tokenomics, the crypto community says it will be difficult for Safemoon V2 to compete with it.
Follow Bitrise social media platforms for the latest updates.
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/106282
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Blockchain
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:
BlackRock ETF Embraces Blockchain with First Muni Bond Purchase
BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.
By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.
Source: Yahoo Finance
Plume Secures Funding for Tokenization Platform
Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.
Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.
Source: Fortune
SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips
SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.
As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.
Source: The Quantum Insider
Deutsche Bank’s Public, Permissioned Blockchain Initiative
Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.
The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.
Source: CoinDesk
KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands
Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.
By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.
Source: PR Newswire
Industry Implications and Key Takeaways
Today’s developments highlight the transformative potential of blockchain across multiple domains:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.
The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.
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