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- Bitrise offer attractive investors’ rewards
- Innovative and investor rewarding tokenomics
- One of the fastest growing DeFi project
Evergrowcoin has been among the crypto coins that are affected by the recent price shock in the crypto market. Though most cryptocurrencies are making a comeback, it might take some days for the crypto market to be where it was at the end of November.
However, it is important to appreciate that not all cryptocurrencieshave been affected. There are some that stood strong during the price plunge and even recorded skyrocketing growth during the same time. Bitrise coin is one such crypto coin. Unlike Evergrowcoin plunged, the coin was growing by big margins.
Unlike Evergrowcoin, Bitrise coin managed to maintain a high demand for the token during this period. A lot has been happening around this coin since the launch on 28th July 2021, which made this coin very strong for the price shock.
Bitrise is a decentralized financial (DeFi) platform that enables users to earn, spend and lend on a peer-to-peer (P2P) platform. The fast development of the protocol has been one of the leading factors increasing its growth. The Bitriseteam had already developed Bitrise Audits, Techrate Audit, and dApp wallet in the first three months of the launch.
The fast accomplishment in developing this DeFi protocol is attracting even Evergrowcoin community members.That’s one way that Bitrise coin managed to skyrocket when others like Evergrowcoin were plummeting.
Bitrisecoin has very token economics, which has also played a critical role in stabilizing prices. The tokenomics are designed to reward investors, and that’s why the number of crypto investors joining the coin is in the thousands, even during this price shock period.
Bitirise is a hyper-deflationary token and uses a contract to buy back tokens from the liquidity pool. Every 5% of the 12% tax on all transactions goes to the buyback contract, which burns bought tokens immediately after purchase to raise the token value and keep a healthy floor price.
Bitrisetokenomics also rewards token holders who receive 4% of the 12% tax as a reward for just holding the $BRISE token. The holding reward is in BNB and is sent automatically into the holders’ wallet every 60 minutes. Even Evergrowcoin investors want to get a share of the static income.
The much-awaited Bitrise token staking has also been increasing the demand for the token. Thousands of crypto investors, including Evergrowcoin members, are joining even during this plunge to get staking tokens. The 80% APY staking revenue to be shared among all staked tokens is attracting many investors.
The staking is launching very soon. The Bitrise team has already developed the staking program for revenue sharing. There are many reasons why Bitrise coin is skyrocketing while Evergrowcoin tumbling, but the demand for the token has been the major reason.