Source : coinquora.com
Bitrise coin, a still mooning crypto coin, has been one most attractive investments for Saitama Inu members. It is a crypto coin that has been performing very well since the BRISE token launched on 28th July 2021.
The latest FBI warning on the Coinmarketcap exchange has greatly injured Saitama Inu image. As of writing, the coin is yet to regain its fast growth rate before the warning. Already, community members are looking for coins with real utility and as a development plan. Recently, Saitama Inu whales joined Bitrise coin.
- Fast building of the DeFi protocol
- The platform offers attractive rewards to investors
- Bitrise coin has innovative and attractive tokenomics
Unlike Saitama Inu, which is a Meme coin, Bitrise coin is built on a solid foundation, which is the ongoing Bitrise decentralised financial system. But it is the Bitrise Tokenomics, staking rewards, and fast accomplishments that have attracted the whales to join this coin.
Unlike most DeFi projects of its age or even old, Bitrise has accomplished a lot in four months. The team has already developed Bitrise has Bitrise Audits, Techrate Audi, and dApp wallet, which are products running in its ecosystem.
The team has also announced that its exchange will launch in Q1 2022 and that blockchain research has started. Such development accomplishments have convinced Saitama whales to join Bitrise coin after a meeting.
The recently announced Bitrise staking process, which the team says will be at the end of November, is one of the project’s biggest milestones and has increased the number of Saitama Inu community members joining the coin.
The attractive staking rewards is a key reason why these whales have joined the coin. Bitrise is sharing 80% APY of the revenue generated by the products in its ecosystem among staked tokens. With Bitrise Audits, Techrate Audi, and dApp wallet and the exchange coming soon, the platform is going to generate a lot of income for the tokens staked.
The Bitrise coin tokenomics continues to attract many crypto investors, not just Saitama whales. BRISE is a hyper-deflationary token where token supply keeps depreciating. The ever-increasing token scarcity keeps the coin’s demand and price growing high, which is what all investors want.
The Bitrise buyback contract buys back tokens from the liquidity pool and burns them automatically. The automated buyback process is funded by the 5% of the tax collected on token transactions, which is 12%.
Saitama Inu whales are also coming to get the 4% of the tax collected, which is redistributed as a reward to all token holders for just holding the tokens. Redistributed as BNB, the reward is automatically sent to the token holders’ wallets every 60 minutes. Crypto investors are guaranteed this static income for just holding tokens.
Bitrise token has been listed on big exchanges such as MEXC Global, LBank, and Bitmart, making more available to Saitama Inu and other investors.
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