Floki Inu’s recent advertisement troubles have continued to create anxiety in its coin investors. The infamous “Missed DOGE? Get FLOKI” Ad is being investigated by the Advertising Standards Authority (ASA), the U.K.’s regulator of advertising.
The authority cited the breaching advertising rules and regulations, which Floki Inu is vehemently denying. The problem is already causing an increase in the number of its community members joining other cryptocurrencies.
Thousands of Floki Inu Community members are joining other crypto coins, and Bitrise, a coin that is still mooning, has been one of the #1 choices for many. Bitrise has been around for less than four months and is already making big moves that are catching the attention of crypto investors.
The latest move by Bitrise coin is the launch of the staking process, which has attracted thousands of new members, including large cryptocurrencies like Cardano, Shiba Inu and many others. Now Floki Inu Community members are joining the coin in huge numbers over the last few days.
Bitrise coin is not just another crypto coin in the market but a powerful DeFi protocol built on the Binance Smart Chain. The team behind the project says that it is building a decentralised financial system that will revolutionise the financial industry, including the current DeFi projects.
The team has already accomplished so much in less than four months since the launch of the token. There several many products on the ecosystem already, including Bitrise Audits, Techrate Audi, and dApp wallet and more are coming soon. The cryptocurrency exchange is one of the products in the development stage.
Bitrise token staking rewards is what driving the current growth in new members. The sharing of an 80% APY revenue generated from the products on the ecosystem to all staked tokens has got many investors joining the coin. With the already big number of products developed and running, the platform is expected to generate a lot of revenue, which is attracting the Floki Inu Community and other investors.
Bitrise coin innovative tokenomics has also been attracting Floki Inu Community to join the coin. Investors in this token enjoy a diminishing liquidity pool because Bitrise is a hyper-deflationary token. The platform has a contract that automatically buys back and burns the token, making liquidity management more trustworthy.
All token holders are also enjoying a 4% of the 12% tax on all transactions, which is redistributed automatically to their wallets every 60 minutes. The rewards are in BNBs, and wallet holders can cash them out at any time. It is a static income every crypto investors want to earn.
Bitrise coin has everything Floki Inu community members would be looking for in their next best investment. The staking process is definitely a big attraction, but it’s just one of the many reasons they are joining.
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Source: Cryptocurrency - investing.com
