Bitrise coin’s skyrocketing growth in the last few weeks has been a talk within the crypto community. The price rise is making the still mooning coin gain against some of the big cryptocurrencies in the market. A quick comparison with some of the biggest coins in the crypto market shows that Bitrise coin is blasting off in a big way for a 4-month-old crypto project.
Saitama Inu is one of the coins that have been compared with the Bitrise coin, and as things stand now, Bitrise is the next big thing. Saitama Inu was recently affected by the FBI warning on the Coinmarketcap exchange. The warning abruptly slowed the fast-growing coin, but this is not the only thing that will make Bitrise coin blast it off.
Bitrise, a DeFi protocol built on the Binance Smart Chain, has been making big moves that are attracting crypto investors. The fast accomplishment in developing the decentralized financial system is one of the reasons even Saitama Inu community members are joining Bitrise coin.
The team had already developed some of the key products for the Bitrise ecosystem just three months after the token launch. The Bitrise Audits, Techrate Audi, and dApp wallet are the three products already running in its ecosystem. The centralized exchange is launching in Q1 2022. Such accomplishments in a short time are making Bitrise project very attractive.
But it is the investors’ rewards that are making Bitrise coin popular even with the Saitama crypto community. In the whitepaper, the team says they are building a platform that rewards investors. Bitrise has one of the most attractive and innovative tokenomics that rewards investors.
As a hyper-deflationary token, BRISE token supply keeps depreciating to create scarcity, which keeps the coin’s demand and price growing high. The platform has a buyback contract that buys tokens from the liquidity pool and burns them automatically for transparency.
The buyback and burning funds come from 5% of the 12% tax on all transactions. Investors also get rewarded for just holding BRISE tokens. The 4% of the tax is automatically redistributed as a reward to all token holders as BNB. The reward is automatically sent to token holders’ wallets every 60 minutes.
The recently announced staking is also making Bitrise coin grow faster than Saitama Inu. The platform plans to share 80% APY of the revenue generated by the products in the Bitrise ecosystem among staked tokens. With multiple products already in the ecosystem and more coming up soon, a lot of revenue will be generated for the staked coins.
Bitrise coin has got everything to break Saitama Inu records and to surpass where Saitama Inu has reached. It is not a meme coin like Saitama Inu, but a crypto coin built on a solid foundation, the DeFi protocol it is creating. Follow Bitrise coin social media platforms for the latest updates!
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Source: Cryptocurrency - investing.com
