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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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TRAM VF Announces Flagship Investment in London Ride-Hailing Startup, OUNO
LONDON, April 23, 2024 /PRNewswire/ — Tri Ri Asset Management (“TRAM”) is pleased to announce a strategic investment from its flagship venture capital fund, the TRAM Venture Fund (“TRAM VF”), in OUNO, a pioneering executive ride-hailing platform headquartered in London. This collaboration marks a significant milestone for both entities as they embark on a journey to transform the transportation industry.
Founded in 2023, OUNO rapidly gained traction in the market, attracting early investments from notable figures such as England & Manchester United’s Mason Mount, BAFTA-winning actor Michael Ward, and Grind Founder David Abramovitch, among others. In its inaugural year, OUNO demonstrated remarkable progress, earning the trust of numerous high-end brands including Prada, Hublot, and the Soho House Group. With thousands of daily B2C users in London alone, OUNO has established itself as a leader in the executive ride-hailing sector.
OUNO’s innovative feature of vehicle specificity distinguishes it in the executive ride-hailing space. Unlike other platforms that generalize vehicle options, OUNO enables users to request specific models such as Mercedes E-Class, S-Class, V-Class, or even a Tesla for those seeking a fully electric option. With over 2,500 chauffeurs already enlisted on the platform and an additional 1,500 awaiting onboarding, OUNO has become the preferred choice for drivers in London.
TRAM VF’s investment underscores its confidence in OUNO’s growth potential and commitment to innovation. With ambitious plans for expansion into the MENA region and the US, OUNO is positioned to redefine urban transportation globally. TRAM’s leadership is excited to support OUNO’s journey as it continues to lead the London market and extend its reach worldwide.
“We’re delighted to welcome TRAM to our business and successfully close our seed round,” said Bobby Drewett, Founder of OUNO. “Having TRAM as our first VC investor will strengthen our position for future funding rounds, benefiting from their wealth of knowledge and experience.”
“The strategic expansion into the Middle East is a top priority for both TRAM and OUNO,” remarked Asad Ali, Managing Partner of TRAM VF. “As I transition from public markets to private markets, I look forward to closely collaborating with Bobby and the OUNO team. As a value-add investor, I’ll utilize Tri Ri’s global network and resources to support OUNO’s growth, particularly in key markets, and help solidify its position as a market innovator in executive transportation.”
OUNO’s innovative transportation approach, coupled with TRAM VF’s strategic investment, lays the groundwork for a dynamic partnership poised to revolutionize the travel experience. Together, OUNO and TRAM VF are set to reshape urban mobility and make a lasting impact worldwide.
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