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Here’s Why Safemoon V2 Will Not Be Able to Compete with Bitrise Coin

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2 years ago

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Reading Time: 2 minutes

  • 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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Gigs Welcomes Former Stripe Executive Rishi Sachdeva as New Head of Fintech

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50 mins ago

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April 19, 2024

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“Gigs Appoints Rishi Sachdeva as Head of Fintech”

San Francisco-based Telecom-as-a-Service (TaaS) platform, Gigs, has appointed Rishi Sachdeva as its new head of fintech.

In his new capacity, Sachdeva will lead the fintech strategy and expansion efforts at Gigs, with a specific focus on overseeing key partnerships. He takes over the role from Rafael Plantier, who transitions to the position of head of go-to-market at Gigs.

Hermann Frank, co-founder and CEO of Gigs, expresses confidence in Sachdeva’s capabilities, noting his extensive knowledge and networks. Frank believes Sachdeva’s expertise will enable Gigs to capitalize on the growing interest among fintech companies seeking to integrate its solution.

Prior to joining Gigs, Sachdeva held prominent positions at fintech heavyweight Stripe, where he served as head of GTM partnerships and business development for six years. He also held key roles as head of developer partnerships and platform product at Betable.

Established in 2020, Gigs offers financial institutions the ability to provide mobile and data plans alongside credit or debit cards, positioning itself as the world’s first TaaS platform.

Sachdeva’s appointment contributes to the ongoing expansion of Gigs’ leadership team this year, following the appointment of Steven van Bommel as head of finance in January.

Source: fintechfutures.com

The post Gigs Welcomes Former Stripe Executive Rishi Sachdeva as New Head of Fintech appeared first on HIPTHER Alerts.

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Yinson Production successfully places USD 500 million senior secured bond issue

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2 hours ago

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April 19, 2024

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SINGAPORE, April 19, 2024 /PRNewswire/ — Yinson Production Offshore Pte. Ltd. (“Yinson Production”) is pleased to announce the successful placement of a USD 500 million senior secured bond issue with a 5-year tenor and a fixed coupon of 9.625% per annum in the Nordic bond market.

This bond issue marks the debut of Yinson Production in the international capital markets. The net proceeds from the bond issue will be used to refinance Yinson Production’s existing corporate loan and for general corporate purposes. An application will be made for the bond to be listed on Oslo Børs in due course.

DNB Markets and Pareto Securities acted as Joint Bookrunners and ABG Sundal Collier acted as Joint Lead Manager in connection with the bond issue.

Commenting on the successful placement of the bond issue, Markus Wenker, Chief Financial Officer of Yinson Production, said, “With this inaugural bond issue in the Nordic bond market, we have successfully expanded our financing toolkit and further broadened Yinson Production’s funding base in an ever-changing financial markets landscape. The bond issue received significant interest from the investor community and was substantially oversubscribed, reflecting the compelling investment proposition underpinned by our long-term contracts and highly visible cash flows as well as the attractive FPSO market environment.”

About Yinson Production

“Passionately delivering powerful solutions”

Yinson Production is a leading independent owner and operator of floating storage, production and offloading (“FPSO”) vessels worldwide. With a fleet of 9 vessels, we have an orderbook of over USD 22 bn until 2048 and global presence in 10 countries. 

Our position as a top tier FPSO contractor is driven by our excellent track record in project execution, industry-leading safety and uptime performance, and a leadership position in sustainable FPSO designs. Our innovative Zero Emissions FPSO Concept is paving the way for the decarbonisation of the FPSO industry.  

We are a business of Yinson Holdings Berhad, a global energy infrastructure and technology company active in offshore energy with Yinson Production, renewable energy with Yinson Renewables, green technologies with Yinson GreenTech, sustainable investment and asset management with Farosson, and offshore marine with Regulus Offshore. 

For more information about us, please visit www.yinson.com/offshore-production.

View original content:https://www.prnewswire.co.uk/news-releases/yinson-production-successfully-places-usd-500-million-senior-secured-bond-issue-302121946.html

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Bitget Blockchain4Youth Unveils COO Apprentice Program to Foster Future Crypto Pioneers

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3 hours ago

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April 19, 2024

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VICTORIA, Seychelles, April 19, 2024 /PRNewswire/ — Bitget, a leading cryptocurrency exchange and web3 company, is proud to announce the launch of the Bitget COO Apprentice: Web3 Leadership Program in Europe, as a cornerstone of its Blockchain4Youth corporate social responsibility (CSR) initiative. This program is designed to empower and nurture the upcoming cadre of crypto pioneers, equipping them with essential skills and experiences, enabling these potential leaders to excel and innovate within the swiftly evolving cryptocurrency ecosystem.

The Bitget COO Apprentice Program is set to debut in Europe, presenting an exceptional opportunity for participants to dive deep into the realm of Web3. Under the mentorship of Bitget’s top executives, including COO Vugar Usi Zade, apprentices will gain practical training and guidance. This program offers a platform to acquire profound knowledge and skills, empowering participants to contribute significantly to the evolution of the Web3 world. Additionally, they will gain valuable experience in operating within a fully remote, global corporate environment.

As a program under Blockchain4Youth, this initiative is open to ambitious young individuals who are passionate about Web3 and blockchain technology, eager to learn and grow, and adept at working collaboratively in a dynamic environment. The top three apprentices selected for the program will receive an exclusive, fully-funded mentorship trip to Dubai with Bitget’s COO, providing them with unparalleled access to industry insights and networking opportunities.

“We are excited to launch the Bitget COO Apprentice program as part of our commitment to fostering talent and innovation in the Web3 space,” said Vugar Usi Zade, COO of Bitget. “This program offers young graduates the chance to learn from industry experts, gain practical experience, and prepare them to have meaningful impacts on the crypto industry. We believe this program represents more than just an apprentice experience; it is also a launchpad for aspiring Web3 enthusiasts and believers to make their mark on the digital finance revolution.”

Bitget’s Blockchain4Youth initiative was launched in May 2023 with $10 million committed in the following 5 years. A study conducted by Bitget indicates that Millennials and Generation Z are pivotal in shaping a crypto-friendly future, with Millennials accounting for 46% of crypto enthusiasts. With the introduction of the COO Apprentice Program, Bitget aims to immerse participants deeply into Web3, transforming them into future leaders in the blockchain space.

About Bitget

Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 25 million users in 100+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, swap, NFT Marketplace, DApp browser, and more. Bitget inspires individuals to embrace crypto through collaborations with credible partners, including legendary Argentinian footballer Lionel Messi and official eSports events organizer PGL. 

View original content:https://www.prnewswire.com/news-releases/bitget-blockchain4youth-unveils-coo-apprentice-program-to-foster-future-crypto-pioneers-302121945.html

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