Bitrise, a DeFi project that is building a decentralized financial system, is making big moves in both Defi and the crypto market. The crypto project has been rated as one of the fastest-growing projects for the last few weeks. The value of the coin and its community growth has been impressive and can only compare to bigger cryptocurrencies like Shiba Inu.
The last few weeks have seen Bitrise achieving huge milestones that have put it on the list of top cryptocurrencies to watch. The coin has so far broken some of Shiba Inu’s records and is showing no signs of slowing down. In fact, it might end up breaking most if not all of the Shiba Inu records.
While Shiba Inu is a meme coin, Bitrise coin is one of the mainstream coins built on a solid foundation, in this case, the decentralized financial system. The team is already developing the project at a very fast pace, which is attracting thousands of crypto investors.
Bitrise has already announced the launch of the staking process, an announcement that has seen thousands of new members, including big cryptocurrencies community members, join the coin. Very soon, the number of Bitrise of community members might surpass Shiba Inu’s.
Shiba Inu has one of the biggest market capitalization, now ranked #12 at the time of writing. Bitrise market capitalization is also growing with a huge percentage. With the DeFi system development already going on fast, Bitrise might soon break Shiba Inu marketcap record.
Bitrise staking process is the biggest milestone the project has achieved after the launch of its powerful dApp wallet in October. The anticipated launch is already growing the platform community and marketcap in a big way. The sharing of 80% APY revenue to all staked tokens is catching the attention of many crypto investors. The success of this process is greatly going to determine how fast BRISE will break most of the Shiba Inu records.
Bitrise still has the most innovative and attractive tokenomics, which continues to attract Shiba Inu community members. The automated burning of the buy-back tokens is one of the things making the project more trustworthy. As a hyper-deflationary token, Bitrise promised to provide and protect investors’ token value, has so far been doing it perfectly well. Token holding rewards are still attracting many crypto investors. The 4% of the 12% tax on all transactions on the Bitrise ecosystem is distributed to token holders every 60 minutes for just holding the tokens. The rewards are in BNB and automatically sent to the token holders’ wallets.
Bitrise definitely has what it takes to break Shiba Inu records. The coin has shown impressive performance, and the accomplishments made so far in developing the DeFi system are very promising.
Author: Lisa Walters