Fintech PR

Bitrise Is Better than Safemoon V2 – Says Crypto Community

Published

3 years ago

November 15, 2021

Reading Time: 3 minutes

New York, New York–(Newsfile Corp. – November 15, 2021) – Safemoon, a DeFi protocol built on Binance Smart Chain, is preparing to make a comeback with an upgrade, Safemoon V2. The Safemoon V2 has been one of the most popular products on the website and will be the second Safemoon product after the release of the Safemoon Wallet. Safemoon token price has been dropping, although the token has made it among the top 100 crypto coins by the market capitalisation.

Bitrise

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The Safemoon V2 has been the talk in the recent past and has brought some attention to the Safemoon project. But as DeFi, Safemoon will still have to compete with aggressive competitors. Bitrise, a highly potent coin and one of the fastest-growing cryptos, is one of the biggest Safemoon competitors. Launched on 28^th July 2021, the coin has been compared with Safemoon in many cases. In fact, users are calling Bitrise coin the next Safemoon.

Like Safemoon, Bitrise is a DeFi protocol built on Binance Smart Chain. The Bitrise team is building a decentralized financial system just like Safemoon but a powerful system. The design of the Bitrise protocol is what differs from Safemoon. Even with the release of the Safemoon V2, the Safemoon project will still be facing tough competition from Bitrise on various aspects.

There are a number of ways that the crypto community is saying that Bitrise is better than Safemoon V2. The value between Safemoon and Bitrise has been at the heart of this discussion. Safemoon has been compared to Bitrise on matters of tokenomics.

Bitrise coin has been rated the best in rewarding users due to its innovative tokenomics. Unlike Safemoon, Bitrise’s has a contract that automated the regulation of the tokens in the liquidity pool. Safemoon has a buyback contract too, but token burning is manual. Unlike Safemoon, Bitrise buyback contact also burns automatically. This is one of the features making the crypto community vote Bitrise over Safemoon. The Safemoon V2 is not addressing this shortcoming.

Safemoon V2 is not changing how users will be getting the reflections from holding tokens. This is an area where the crypto community says Bitrise is doing better than Safemoon. Unlike Safemoon, Bitrise members are rewarded with BNB for holding tokens. The difference it has over Safemoon is the automation of distribution to the token holders’ wallets.

Safemoon V2 is the second product that the Safemoon team is releasing after months of the Safemoon wallet release. Bitrise has been delivering fast within less than four months. Unlike Safemoon, Bitrise has three products already, including Bitrise Audits and Techrate Audit, both launched in late August. Like Safemoon, Bitrise dApp wallet is also out and was launched on 28^th October.

Apart from Safemoon wallet and the recent Safemoon V2, Safemoon has been slow considering it was launched 5 months before Bitrise coin. Therefore, the crypto community says Bitrise is delivering faster than Safemoon, which is making it better.

Safemoon team says Safemoon V2 will improve the security of Safemoon and accessibility of Safemoon tokens. The team at Bitrise is building a Blockchain-based DeFi protocol with incredible scaling and throughput features. Like Safemoon, the Bitrise platform is currently processing thousands of transactions.

Safemoon V2 is the next big thing on the Safemoon platform, but Bitrise coin is way ahead. The Bitrise team recently announced the launch of the staking process and is about to launch the staking program, which was under beta testing phase at the time of writing. Safemoon has not launched or announced the staking on the Safemoon network.

Safemoon V2 is a big milestone in the development of the Safemoon platform, but it will have to compete with the Bitrise team, which is several steps ahead of Safemoon in building its DeFi product. Soon, Bitrise coin is launching a staking program and, later on, a cryptocurrency exchange. It is this delivery rate that is making crypto community rate Bitrise better than Safemoon V2.

Media Contact
John K
Email: [email protected]
Website: https://www.bitrisetoken.com
Telegram: https://t.me/bitrisetoken

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/103529

Fintech PR

Wahed appoints Khalid Al Jassim as Executive Chairman of Wahed MENA to help guide the strategic growth of Wahed in the region

Published

8 hours ago

November 24, 2024

CISION (PR Newswire)

wahed-appoints-khalid-al-jassim-as-executive-chairman-of-wahed-mena-to-help-guide-the-strategic-growth-of-wahed-in-the-region

DOHA, Qatar, Nov. 24, 2024 /PRNewswire/ — Wahed, a global Shariah-compliant fintech, has appointed Khalid Al Jassim as Chairman of Wahed MENA.

On this appointment, Khalid commented, ”I am excited to guide Wahed’s growth in the region. Wahed’s mission of furthering Islamic Finance is one I resonate with deeply and I look forward to supporting its growth ambitions.”

Khalid has over twenty five years of investment banking and corporate advisory experience gained with some of the most innovative and groundbreaking institutions in the world.

His career spans leading firms including SABIC, Arthur Anderson and Arcapita Bank in Bahrain, where he was instrumental in making it into one of the PE powerhouses in the region. His responsibilities started in the earlier years with establishing the Investment Placement Team and transforming it into one of the most robust teams in the industry. At the time that Khalid left Arcapita to build his personal business, he was an Executive Director. Today he is Chairman of Afkar Vision, a private advisory house specialized in mergers and acquisitions with offices in Manama, Dubai and Riyadh.

As well as being one of the earliest investors in Wahed, he is currently Chairman of the Audit Committee and Board Member at Bahrain Islamic Bank, the 4th oldest Islamic Bank in the World and Board Member at SICO Bank and SICO Capital in Saudi, an $8bn asset manager in the region.

Mohsin Siddiqui, Wahed CEO said, “We are delighted to announce Khalid’s appointment. His unique understanding of the financial landscape in the MENA region is unparalleled and we are excited to bring this expertise in continuing to grow our presence in the region.”

About Wahed

Founded in 2015, Wahed is a financial technology company that is advancing financial inclusion through accessible, affordable, and values-based investing. The company has made significant inroads in the world Shariah compliant investing by creating an easy-to-use digital platform that provides a suite of Shariah compliant investing products including managed portfolios and venture and real estate investments. Wahed caters to over 400,000 customers globally and manages over $ 1 billion in assets.

For more information, visit: www.wahed.com

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Fintech PR

Qatar Development Bank announces strategic investment in global Islamic FinTech, Wahed

Published

8 hours ago

November 24, 2024

CISION (PR Newswire)

qatar-development-bank-announces-strategic-investment-in-global-islamic-fintech,-wahed

DOHA, Qatar, Nov. 24, 2024 /PRNewswire/ — Qatar Development Bank (QDB) announces a strategic investment in Wahed, a global Shariah-compliant fintech.

Wahed currently manages over $1 billion in assets and has attracted over 400,000 clients worldwide. The company is built on the principles of democratizing access to financial services and offers clients access to Shariah-compliant investments in its mobile app. Wahed removes the barriers to sophisticated investment management services that have been traditionally reserved for high-net-worth investors.

Khalid Al Jassim, Executive Chairman of Wahed MENA said: ‘We are delighted to welcome our new shareholders, QDB. We believe Qatar is fully aligned with our mission in creating a technology-first Islamic finance leader that unlocks a financial ecosystem free from Riba. We look forward to supporting the Qatar National Vision 2030 of becoming a leading knowledge-based economy.

Ali Rahimtula, Partner at Cue Ball Capital said: “Qatar Development Bank’s strategic investment is a clear signal of the faith the industry has in Wahed and its ability to create the future of Islamic Finance.”

About Wahed

For more information, visit: www.wahed.com

About Qatar Development Bank

Qatar Development Bank’s mission is to advance the economic and innovation development cycle of Qatar, supporting and contributing to the nation’s economic diversification. As well as a focus on the development of Qatar’s private sector, QDB is a powerful catalyst for socio-economic development in the country, empowering the local economy and bettering living standards.

For more information, visit: https://www.qdb.qa/

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View original content:https://www.prnewswire.co.uk/news-releases/qatar-development-bank-announces-strategic-investment-in-global-islamic-fintech-wahed-302314778.html

Fintech PR

China’s AIMA brand electric motorbike is now in Bangladesh

Published

21 hours ago

November 23, 2024

CISION (PR Newswire)

DHAKA, Bangladesh, Nov. 23, 2024 /PRNewswire/ — With the popularity of electric vehicles in Bangladesh, the globally renowned AIMA brand has also arrived in Bangladesh. The esteemed DX Group has brought the AIMA F-626 to customers. This environmentally friendly battery-operated electric motorbike has already been approved by the Bangladesh Road Transport Authority (BRTA) now.

In light of the increasing popularity of electric motorcycles in the country, the internationally-leading brand AIMA has entered the market. By the end of 2023, AIMA electric two-wheelers had established a presence in over 50 countries worldwide, with 11 global production bases, including overseas factories in Indonesia and Vietnam. In 2022, AIMA collaborated with Rob Janoff, the designer of the Apple logo, to refresh the brand’s VI system with a youthful and fashionable image. In 2023, AIMA teamed up with PANTONE, the global authority in color expertise, to create the trending color of the year. As an industry leader, AIMA spearheads the electric two-wheeler sector and showcases the prowess of a leading electric two-wheeler brand on a global scale. As of March 31, 2024, AIMA’s total electric two-wheeler sales had reached 80 million units, earning certification from Frost & Sullivan, a globally recognized business growth consulting firm, as the “Global Leading Electric Two-wheeler Brand”.

Over the years, AIMA has always been a product trendsetter in the electric two-wheeler sector. As of March 31, 2024, the total sales volume of AIMA electric two-wheelers reached 80 million, and Frost & Sullivan, a world-renowned market consulting company, awarded AIMA with the market status certification of the “Global Leading Electric Two-wheeler Brand (by Sales)”.

AIMA adhere to the customer-centered product philosophy and technologies that support long-term innovation and breakthroughs. We believe that the efficiency and modern technology of the AIMA F-626 will present an excellent alternative means of communication for our customers.