Evergrow coin hype is fading fast, and the coin price has plummeted further in the last few weeks. Members are now joining other promising crypto coins that are offering a real utility and development record, and Bitrise coin has been the favourite choice for Evergrow coin members.
Bitrise is still a mooning crypto coin launched on 28th July 2021. The token is ranked among the fastest-growing crypto coins today. Bitrise is a DeFi protocol built on Binance Smart Chain and has accomplished a lot compared to other DeFi projects, and this is attracting investors.
The fast accomplishment, the innovative tokenomics, good investor rewards and being a mainstream coin are things attracting Evergrow coin members. Evergrow is a meme coin, which is not built on a stable foundation like Bitrise coin. This is one of the reasons why Evergrow investors are now joining the latter.
On accomplishments, the Bitrise team has developed the Bitrise Audits, Techrate Audi, and dApp wallet, which are products running in the Bitrise ecosystem today. This is has been achieved in just four months. The exchange is coming up in Q1 2022, and that blockchain research has already started.
Such fast accomplishment in development are making Bitrise very appealing to Evergrow coin members. But it is the upcoming staking that is driving the fast-growing popularity of the BRISE token in the last few days. The team says it is launching the staking at the end of November.
The 80% APY of the revenue generated by the products running in the Bitrise ecosystem will be shared among staked tokens. With Bitrise Audits, Techrate Audi, and dApp wallet products already running in the ecosystem, the platform is going to reward staked tokens handsomely. Evergrow coin members want part of the staking rewards.
But the innovative Bitrise tokenomics are still very appealing. First, this is a hyper-deflationary token where token supply is always depreciating. Bitrise has developed a buyback contract to buy back tokens from the liquidity pool and automatically burn them. The 5% of the collected 12% tax goes to buyback contract, and this is how investors are protected from fast plummeting token price Bitrise has a token holding reward, which is 4% of the tax collected. The reward is redistributed as BNBs to all token holders and is done automatically. In every 60 minutes, token holders’ wallets are added BNBs.
Evergrow coin members will enjoy better rewards and token value by joining Bitrise coin. Bitrise token has been listed on MEXC Global, L Bank, and Bitmart, making the coin more accessible to investors.
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Source: Cryptocurrency - investing.com
