Source : coinquora.com
Shiba Inu is one of the largest cryptocurrencies in the crypto market today and one of the largest meme coins. Ranking #13, in terms of market capitalization at the time of writing, it has been one of the fastest-growing crypto communities. Shiba Inu was launched in early August 2020 and immediately built a massive community.
- Very Attractive token investors Rewards.
- Innovative and investor rewarding token economics.
- One of the highly potent DeFi project.
But this record of the largest and fastest-growing community might soon be broken by Bitrise, a still mooning crypto coin that is exciting the crypto community. Launched on 28th July 2021, the coin has made big moves attracting thousands of crypto investors. That’s why it might break the Shiba Inu record very soon.
There are many reasons why Bitrise coin is catching the crypto community’s attention, including the Shiba Inu community. One of them is the pace at which this crypto project is developing. This is one of the fastest developing DeFi projects in the market today.
The Bitrise team is developing a decentralized financial system on the Binance Smart Chain. It is a platform that supports peer-to-peer trading. But the speed at which this project is being developed is attracting crypto investors. In the first three months of the launch, the team had developed Bitrise Audits, Techrate Audit, and dApp wallet as products for the Bitrise ecosystem.
Bitrise recently announced its exchange is launching in Q1-2022 and that the research on the blockchain has already started. Many crypto investors are happy with the fast accomplishments and want to bet part of the project. That’s one way the Bitrise community is growing exponentially.
But it is the promising investors’ rewards that are growing the Bitrise coin community fast. Bitrise has one the most innovative and investor-rewarding tokenomics. As a hyper-deflationary token, the platform is using a contract to automate the process of buying back tokens from the liquidity pool and burning them.
Every 5% of the 12% tax on all transactions goes into the buyback contract. The buyback and burning process creates token scarcity, which automatically spikes token demand and price. Even Shiba Inu members are joining the coin to make money from appreciating tokens.
Bitrise coin has a token holding reward, which is 4% of the tax. It is another reason for the fast-growing community. The reward, which is BNBs, is redistributed to all token holders for just holding tokens every 60 minutes.
But the staking launch that’s coming up is the cause of the exponential community growth in the last few weeks. The 80% APY revenue shared among the staked tokens has brought thousands of new members, including Shiba Inu investors. There will be multiple products in the Bitrise ecosystem, which will generate a lot of income for staked tokens.
Bitrise coin might break Shiba Inu’s community growth record very soon. The crypto coin has every needed to build one of the biggest crypto communities. Follow Bitrise social media platforms to keep up with the latest updates!
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