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Here’s Why Safemoon V2 Will Not Be Able to Compete with Bitrise Coin
- Bitrise platform comes with innovative tokenomics
- The platform offers attractive rewards to investors
- Fast accomplishment in building DeFi protocol
New York, New York–(Newsfile Corp. – December 2, 2021) – Bitrise, one of the fastest-growing crypto coins today, is now ranked as one of the toughest competition for Safemoon. Launched on July 28, 2021, the token has been performing very well even during the time that Safemoon is plummeting. Safemoon has just launched the widely anticipated Safemoon V2. As the team says, the upgrade was a comeback that would get Safemoon back to an upward trajectory after the coin experienced a price fall for weeks. But the question the crypto community is asking is whether the upgraded protocol (V2) will be able to compete with already fast-rising DeFi projects offering the same product.
Bitrise
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Bitrise is developing a protocol that will be the next big thing in DeFi. This is the same product that Safemoon is working on, and that’s why both projects are constantly compared. Bitrise coin launched five months after Safemoon and it has accomplished a lot.
Bitrise is currently one of the fastest-growing cryptocurrencies, and the launch of the Safemoon V2 was thought to rival this growth. It is yet to live up to the expectations. Unless the competitor starts growing at a higher rate than Bitrise, it will be impossible to compete with this coin.
Unlike Safemoon V2, Bitrise has multiple products running in its ecosystem. Whereas Safemoon has the wallet, the competitor has Bitrise Audits, Techrate Audi, and dApp wallet. The team has also announced the launch of the exchange in Q1-2022. Safemoon V2 will not be able to compete with this coin at the current pace of development. The team will need to deliver its roadmap faster to be competitive.
The Bitrise team has announced the launch of the staking program, which is a big milestone for the project. The announcement has seen the size of the Bitrise community grow bigger as thousands of new members join every day to get a part of the staking rewards. Safemoon is yet to announce the plans to start the staking process.
Innovative and attractive tokenomics is another reason the crypto community says Safemoon cannot compete with Bitrise. The platform tokenomics are developed to reward investors, and that’s why the coin community is growing fast. The platform is taxing 12% on all transactions, and 4% is redistributed to token holders in BNBs. Unlike Safemoon V2 reflections, the rewards are sent automatically to the token holders’ wallets every 60 minutes.
The 5% of the tax goes to buying back tokens from the liquidity, and the bought-back tokens are burned automatically. These are tokenomics making Bitrise super competitive. The attractive rewards plus the staking rewards are making the coin even a tough competitor.
With Bitrise coin’s fast growth, fast accomplishments, and attractive tokenomics, the crypto community says it will be difficult for Safemoon V2 to compete with it.
Follow Bitrise social media platforms for the latest updates.
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/106282
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BUDAPEST, Hungary, May 3, 2024 /PRNewswire/ — Multiple achievements were made on Thursday at a conference focused on cooperation between China and Hungary under the Belt and Road Initiative (BRI) framework.
Under the guidance of China’s State Council Information Office, the conference was co-hosted by Xinhua News Agency and Hungary’s ATV Media Group in Budapest.
Xinhua has always been committed to concentrating efforts and contributing to the joint building of the Belt and Road between the two countries, President of Xinhua News Agency Fu Hua said while addressing the event.
The conference aims to further implement the consensus reached by leaders of the two countries and promote pragmatic cooperation at various levels across the board so as to make new and greater contributions to the Belt and Road cooperation between the two countries with more innovative results, Fu said.
At the conference, the Belt and Road Economic Information Partnership (BREIP), which was initiated by Xinhua News Agency, inaugurated an Eastern European liaison office.
The China NGO Network for International Exchanges launched a non-governmental Belt and Road cooperation project with Hungary.
The official website of the BRI introduced a dedicated sector for industrial cooperation between China and Hungary.
A report on investment and cooperation between the two countries under the Belt and Road framework was also released.
About 200 people, including government officials, representatives from chambers of commerce and the business sector, as well as heads of major media outlets and think tanks from both countries joined the event.
Fu noted that Xinhua will continue to provide in-depth coverage of high-level interactions between the two countries and present major achievements of the two countries’ high-quality Belt and Road cooperation in an all-round and multi-perspective manner.
Stressing efforts to strengthen exchanges with Hungarian think tanks, Fu also urged making full use of platforms and mechanisms including the World Media Summit and the BREIP to roll out even more tangible results.
Fu also stressed the importance of providing services for China–Hungary cooperation in various areas and better promoting the in-depth integration of the BRI cooperation and Hungary’s “Opening to the East” policy.
Hungary and China have achieved fruitful results in Belt and Road cooperation, Hungarian Minister for National Economy Marton Nagy said at the conference, citing the Hungary-Serbia railway project as an example.
Hungary sees China’s economic development as an important opportunity, Nagy said, stressing that investment from Chinese companies including Bank of China, CATL and BYD has been driving the development of related industries.
Nagy said Hungary is willing to strengthen mutually beneficial cooperation with China in areas such as infrastructure and high-tech, and act as a link between China and Europe.
Liu Hongcai, deputy head of the Chinese Association for International Understanding, called for efforts from various sectors of the two countries to thoroughly implement the important consensus reached by the leaders of the two countries and further promote people-to-people exchanges and mutual learning between civilizations.
More momentum for future-oriented cooperation should be fostered and cooperation platforms at all levels should make full use of their advantages to respond to global challenges, Liu said.
Liu voiced his hope that people from all walks of life in the two countries will make active contributions to promoting bilateral relations.
During the past years, economic ties and trade between the two countries have flourished, said Tamas Kovacs, CEO of ATV.
Based on the extensive cooperation between ATV and Chinese media outlets, the audience is able to have a better understanding of the fruitful achievements of the two countries’ joint efforts, Kovacs said, adding that such cooperation will be carried on to help the two peoples to better understand each other’s culture and values.
Participating guests also visited a photo exhibition on the pragmatic BRI cooperation between China and Hungary.
View original content:https://www.prnewswire.co.uk/news-releases/multiple-achievements-made-in-china-hungary-bri-conference-302135240.html
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Franklin Templeton Collaborates with Microsoft to Develop Cutting-Edge Financial AI Platform
Franklin Templeton Teams Up with Microsoft to Develop Advanced Financial AI Platform
Franklin Templeton, an esteemed investment management firm, has announced a strategic partnership with tech powerhouse Microsoft to create an “advanced financial AI platform” tailored for its employees and clients.
Utilizing Microsoft’s Azure AI service suite, Franklin Templeton aims to leverage cutting-edge development tools to realize its vision. This suite encompasses a range of powerful tools, including the OpenAI service and the GPT-4 large language model, alongside AI Search and AI Document Intelligence functions.
With assets under management exceeding $1.6 trillion, Franklin Templeton is poised to revolutionize its operations through this partnership. By rapidly integrating AI into its processes, the firm seeks to enhance the productivity of its sales and marketing teams while providing clients with personalized support. This will be achieved by streamlining structured data and contextual financial information.
Deep Srivastav, Head of AI at Franklin Templeton, elaborates on the platform’s approach, highlighting a multi-layer intelligence strategy where individual AI capabilities are synchronized to create advanced business intelligence.
This initiative underscores Franklin Templeton’s commitment to exploring AI applications in financial services. Notably, the firm recently demonstrated its dedication by supporting Transparently.AI, a Singapore-based AI software vendor, in a $3 million pre-Series A funding round.
Meanwhile, Microsoft continues to solidify its presence in the financial sector. The recent announcement of First Abu Dhabi Bank tapping into Microsoft’s Azure AI services to establish its AI Innovation Hub further emphasizes the tech giant’s pivotal role in shaping the future of finance.
Source: fintechfutures.com
The post Franklin Templeton Collaborates with Microsoft to Develop Cutting-Edge Financial AI Platform appeared first on HIPTHER Alerts.
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Fintech Australia Teams Up with Thai Fintech Association to Drive Southeast Asia’s Growth Potential
FinTech Australia and the Thai Fintech Association have joined forces through the signing of a memorandum of understanding (MOU) to promote fintech collaboration between Australia and Thailand.
The MOU was signed in Bangkok, Thailand, by Thai Fintech Association president Chonladet Khemarattana and Brian Collins, deputy chair at FinTech Australia. They were accompanied by a delegation comprising fintech lenders, venture capitalists, corporate innovators, and financial services representatives from Australia and Southeast Asia.
The Australian fintech delegation visited Bangkok for Money20/20 Asia to explore potential partnerships and opportunities in Thailand and the broader Southeast Asian region.
Brian Collins emphasized the significance of collaboration between the two regions, citing Thailand and Southeast Asia as significant growth opportunities for the local fintech sector. He expressed eagerness to enhance outcomes for both regions through further collaboration with the Thai Fintech Association.
FinTech Australia, a member-driven organization dedicated to building an ecosystem for Australian fintechs, has witnessed substantial growth. The Australian fintech industry expanded from a A$250 million industry in 2015 to a A$45 billion industry in 2023.
Australia’s Prime Minister Anthony Albanese launched Invested: Australia’s Southeast Asia Economic Strategy to 2040 in September 2023, highlighting the digital economy as a key sector for enhancing trade and investment relations with Thailand.
Dr. Angela Macdonald PSM, Australian ambassador to Thailand, acknowledged Thailand’s rapidly growing fintech sector, fueled by significant investment and regulatory support. She emphasized the potential for collaboration between Australia and Thailand to drive innovation in payments, lending, and other fintech domains.
Chonladet Khemarattana, president of the Thai Fintech Association, welcomed the partnership with FinTech Australia, recognizing the tremendous growth potential within the Southeast Asian market. He highlighted the opportunity to drive mutual benefits and foster cross-border synergies, particularly with Thailand emerging as a hub for fintech innovation. Khemarattana expressed readiness to collaborate closely with FinTech Australia to leverage their respective strengths and enhance outcomes for both regions’ fintech ecosystems.
Source: thefintechtimes.com
The post Fintech Australia Teams Up with Thai Fintech Association to Drive Southeast Asia’s Growth Potential appeared first on HIPTHER Alerts.
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