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Saitama Inu Whales Join Bitrise Coin After Meeting
- Fast building of the DeFi protocol.
- The platform offers attractive rewards to users.
- Bitrise coin has innovative and attractive tokenomics.
New York, New York–(Newsfile Corp. – December 2, 2021) – Recently, Saitama Inu whales joined the Bitrise coin. The latest FBI warning on the Coinmarketcap exchange has greatly injured Saitama Inu’s image. The coin is yet to regain its fast growth rate before the warning. Already, community members are looking for coins with real utility and as a development plan.
Bitrise
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Bitrise coin, a still mooning crypto coin, is a crypto coin that has been performing very well since the BRISE token launched on 28th July 2021.
Unlike Saitama Inu, which is a Meme coin, Bitrise coin is built on a solid foundation, which is the ongoing Bitrise decentralised financial system. But it is the Bitrise Tokenomics, staking rewards, and fast accomplishments that have attracted the whales to join this coin.
Unlike most DeFo projects of its age or even old, Bitrise has accomplished a lot in four months. The team has already developed Bitrise has Bitrise Audits, Techrate Audi, and dApp wallet, which are products running in its ecosystem.
The team has also announced that its exchange will launch in Q1 2022 and that blockchain research has started. Such development accomplishments have convinced Saitama whales to join Bitrise coin after a meeting.
The recently announced Bitrise staking process, which the team says will be at the end of November, is one of the project’s biggest milestones and has increased the number of Saitama Inu community members joining the coin.
The attractive staking rewards is a key reason why these whales have joined the coin. Bitrise is sharing 80% APY of the revenue generated by the products in its ecosystem among staked tokens. With Bitrise Audits, Techrate Audi, and dApp wallet and the exchange coming soon, the platform is going to generate a lot of income for the tokens staked.
The Bitrise coin tokenomics continues to attract many crypto users, not just Saitama whales. BRISE is a hyper-deflationary token where token supply keeps depreciating. The ever-increasing token scarcity keeps the coin’s demand and price growing high, which is what all users want.
The Bitrise buyback contract buys back tokens from the liquidity pool and burns them automatically. The automated buyback process is funded by the 5% of the tax collected on token transactions, which is 12%.
Saitama Inu whales are also coming to get the 4% of the tax collected, which is redistributed as a reward to all token holders for just holding the tokens. Redistributed as BNB, the reward is automatically sent to the token holders’ wallets every 60 minutes. Crypto users are guaranteed this static income for just holding tokens.
Bitrise has been listed on big exchanges such as MEXC Global, LBank, and Bitmart, making it more available to Saitama Inu and other users. Follow Bitrise coin 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/106283
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eWTP Arabia Capital’s Technology Fund I Recognized as Top Performing VC Fund in the Preqin League Tables
RIYADH, Saudi Arabia, May 19, 2024 /PRNewswire/ — eWTP Arabia Capital Technology Fund I (“Techology Fund I”), managed by eWTP Arabia Capital (“eWTPA”), one of the leading private equity firms in the Middle East, was listed in the Preqin League Tables as the the fifth top-performing VC funds in the US$250 Million to US$499 Million category by net Internal Rate of Return (IRR) for vintages between 2015-2020.
“We’re delighted by the recognition of our Technology Fund I as a top-performing VC fund in our sector,” expressed Jessica Wong, Founder and Managing Partner of eWTPA. “This milestone underscores the commitment of our team and the robustness of our investment strategy. It also underscores the significant growth potential of the Middle East and North Africa market, particularly in Saudi Arabia, warranting attention. As a pivotal driver of technological advancement in the region, we’re steadfast in our mission to empower entrepreneurs and deliver value to our investors.”
“Being recognized by Preqin validates our hard work and dedication to supporting and actively contributing towards building the Saudi digital ecosystem,” said Jerry Li, Founder and Managing Partner of eWTPA. “As eWTPA continues to grow and expand its investment portfolio, it remains committed to fostering innovation and driving positive change in Saudi, the GCC and the global emerging markets ecosystem.”
eWTPA has demonstrated exceptional performance, solidifying its position among industry leaders. This recognition underscores eWTPA’s commitment to identifying high-potential market opportunities and generating returns for its investors.
The Preqin League Tables are regarded as a comprehensive and authoritative ranking system for private equity and venture capital performance. Preqin, a leading data provider in the alternative assets industry, compiles these league tables based on various performance metrics, including net Internal Rate of Return (IRR) and other key indicators.
eWTPA’s success reflects its strategic approach to investing high-growth sectors in the MENA region. The firm’s portfolio includes a diverse range of companies poised to make a significant impact on their respective industries.
Acting as a bridge between Asia and the Middle East, eWTPA’s Technology Fund I has achieved significant success since its inception in 2019. The Fund has invested in over 18 companies, several of which have successfully established themselves in KSA, like J&T Express, Raha, Sahm and COFE.
About eWTPA:
Founded in 2019, eWTP Arabia Capital is an investment firm based in Saudi Arabia and China. Backed by marquee regional and international Sovereign Wealth Funds, Institutional investors, and family offices, eWTPA helps create robust local digital ecosystems in the MENA region by partnering with market-leading international businesses and providing a gateway for these companies to establish a strong and sustainable presence in the region. To date, eWTPA has invested in over 18 companies, 13 of which have already established themselves successfully in KSA.
Media contact:
Haile Liao
+966 0530868568
[email protected]
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