The crypto community is saying Bitrise is “the next Safemoon.” But why? Well, in the three months of its launch, Bitrise has been recording bullish growth, just like we saw with Safemoon. The demand for the $BRISE token has been growing at an exponential rate, with over 2000+ holders joining every day.
At the time of writing, the marketcap had hit over $38 from $2m and over $800k worth of BNB rewards paid to token holders. This exponential growth is because of the uniqueness with which Bitrise is packaged, making the token superior. Unlike the competing tokens such as Shiba Inu, Metahero, Evergrow, Binamon, and Doge coin, Bitrise is giving investors better incentives with its innovative DeFi tokenomics.
Bitrise is offering very attractive rewards and one of the best reward mechanisms so far. In every transaction, a 12% fee is charged, where 4% is distributed to all token holders in the form of BNB. The rewards are automatically sent into investors’ wallets every 60 minutes. Therefore, token holders do not lodge claims for rewards to be paid like most DeFi tokens. They make a stress-free passive income.
Though most DeFi platforms are implementing a Buyback mechanism, Bitrise is doing it better. Every 5% of the transaction fee (12%) is spent on Buyback. The fee is collected and stored in the Buyback contract, which automatically buys tokens from the liquidity pool.
Note that Bitrise is the first cryptocurrency ever to include automatic Buyback with the real use case of payment systems. The aim is to ensure transparency in reducing tokens in circulation for a steady rise in BRISE token value.
Apart from the innovative DeFi tokenomics, Bitrise is offering more products that are increasing its utility. All these products, though some not yet released, are the reason why everyone is rushing to buy $BRISE before the liquidity pool dries.
BitRise dApp Wallet is one of the products increasing the Bitrise token value. The dApp wallet provides a simple, quick, safe means of cryptocurrency usage with zero risk. It offers zero fees for all P2P payments and lending transactions in local currency and has an impressive throughput.
The wallet will also enable global payments, with the team collaborating with larger partners in the financial sector to make this a reality. The BitRise dApp Wallet will also offer multi-blockchain support, will be easy to use, and highly secured and anonymous. The team has already released both Beta 1 and Beta 2 versions of BitRise dApp Wallet for iOS and Android mobile devices.
Bitrise Exchange is another product that’s increasing token demand. The team is in the process of developing the exchange, which will be a centralized platform. It will charge lower transaction fees and offer a high transaction speed.
The cryptocurrency exchange is also going to support both spot trading at a lower cost. It will be designed with 2FA/SMS security, giving one of the most secure verification systems, among many other exciting features. According to the roadmap, the team plans to release the exchange in the second last phase.
Did you know that Bitrise is offering free audit services to projects? Well, Bitrise Audit is a product designed to provide free audits to blockchains and smart contract projects. It has been a game-changer in popularizing the token. As people come for free audit services, the visibility and demand for the token have been going up. Bitrise Audit was released in late August, and many developers are already using it.
It is also important to mention that the Bitrise team does not have shadowy figures running it. All professionals, including finance, software, marketing experts, and the team of developers, are known and have a reputation for previous successful projects. So, transparency is 100%.
These are some of the reasons crypto experts are convinced that Bitrise is the next “Safemoon.” It is just three months into the market. We expect the bullish growth to continue now that the wallet’s Beta 2 version is out and the staking program is coming soon.
For crypto investors, Bitrise is definitely a highly potent project to invest in. Buy BRISE tokens today and start making passive income from rewards.
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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Weekly Optimist journalist was involved in the writing and production of this article.