Bitrise Crypto Coin increases by + 5000% in one week
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New York, New York – (Newsfile Corp. – November 7, 2021) – Bitrise coin broke another crypto record this week. The coin has just recorded a breathtaking growth, increasing by + 5000% in one week. But that’s not surprising for crypto enthusiasts who have been following the coin for quite some time now.
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The Bitrise coin has performed well in an exemplary manner in the market. It is one of the most aggressive crypto coins, giving Safemmon, Shiba Inu, Dogecoin and many other crypto coins fierce competition.
This increase in value is simply due to the demand that this coin has created in the market over the past two months. During the last three weeks of October, Bitrise Coin saw one of the highest numbers of new members since its launch. It was during the period when its liquidity rose from around 100,000 to + 900,000, ie growth of around 900%. The community grew by the thousands and continued to benefit from a large number of new members every day.
There are a few factors behind this record growth, and they are tokenomics and project products. On tokenomics, Bitrise coin is the most attractive crypto on the market. The team initially burned 50% of the available quadrillion tokens, and only 38% of the token supply is in the pool of cash that investors can buy.
Bitrise uses the technique of redemption to regulate the liquidity of the tokens. But the team has an automated redemption process, which is not done by any other cryptocurrency. In fact, Bitrise is the first cryptocurrency to automate redemption with a real payment systems use case. This is an element that has attracted a lot of crypto investors.
Investors also earn static BNB rewards for holding Bitrise tokens. Rewards are automatically sent to the token holder’s wallet every 60 minutes. The products launched and those under development were also the engine of this growth.
The previously launched team Bitrise audits and Technical audit in August as the first products. The programs offer free audit programs for blockchains and smart contracts and have been a game-changer in auditing.
The launch of the Bitrise dApp wallet and its beta 2 version has boosted investor confidence, and more and more new members have started to join drones. The wallet is available on the Google Play Store for Android phones. For iOS phone users, the mobile application portfolio will soon be listed on Apple’s App Store.
Soon Bitrise will begin the staking process and the network revenue sharing program will be launched in November. Token investors will benefit from 80% APY of the income generated by products such as Bitrise Audit, dApp wallet,
Bitrise exchange (in development phase) and IBitrise Blockchain are two major products in the pipeline. The latter will use the Relaychain, Parachain and Smart contracts, which are the most popular technologies today.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/102347