New York, New York–(Newsfile Corp. – November 8, 2021) – In the last few weeks, Bitrise coin has been one of the few crypto projects that has attracted whales from major crypto coins. Crypto enthusiasts who follow Bitrise coin must have come across the article on the day Safemoon whales joined Bitrise crypto coin.
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Whale movement is keenly observed by many, including other whales and small investors. This is because they show the direction where the market is heading. With whales joining Bitrise coin, it signifies – this is a highly potent crypto project.
Crypto whales have a huge responsibility to protect their huge investment. They usually invest in thousands and millions of dollars. Therefore, they rarely make a mistake when making a move.
Crypto experts believe that tokenomics is one of the factors that influenced Safemoon whales to join Bitrise coin. The coin’s tokenomics are unique and developed mainly to reward investors. This is exactly what whales look for. Bitrise is a hyper-deflationary token, which means the coins in circulation keep reducing with every token bought.
The Bitrise crypto coin has automated the process of reducing coins in circulation. The team developed a buyback smart contract that buys tokens from the liquidity pool. The contract is funded by 5% of the 12% charged on every token sale transaction.
The 5% is sent into the contract, which buyback tokens in the liquidity pool, and burns them immediately. The automated liquidity control ensures transparency in the demand and price of the token.
Whales are also eyeing the BNBs rewards paid to the Bitrise coin holders. Every 4% of the collected fee is distributed to the token holders based on the volumes. Therefore, whales will definitely take the lion share of these rewards.
It is also important to note that the Bitrise crypto coin network is planning to launch the staking process. This is an investment opportunity for whales as the staking process earns income from generated revenue. Bitrise coin has many products that generate revenue, including Bitrise Audits, Techrate Audit, Bitrise dApp wallets, Bitrise exchange, and IBitrise blockchain.
With such a massive revenue base, then Bitrise is quickly becoming one of the most sought-after crypto projects for crypto whales. 80% APY of the generated revenue to be shared among staked crypto coins. This is definitely another investment opportunity attracting whales to Bitrise crypto coin.
With the token staking coming up at the end of November, it is expected to see more whales from the major cryptocurrencies joining Bitrise coin.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/102457
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