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Safemoon Price Plummeting While Fans Join Bitrise Coin

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Safemoon Price Plummeting While Fans Join Bitrise Coin
Safemoon Price Plummeting While Fans Join Bitrise Coin

Safemoon price has been plummeting over the last few weeks. A look at charts shows that the price of the coin has been falling by a huge percentage over the last month. During the same period, Bitrise, one of the mooning crypto coins in the market, has been experiencing bullish growth.

  • Bitrise platform offers innovative tokenomics
  • The platform gives attractive rewards to investors
  • Automated token buyback and burning creating token scarcity

Like Safemoon, Bitrise is a Defi project that has proven to be a force to reckon with over the last few months. It was launched end of July, almost 5 months after the launch of Safemoon, and it has become its toughest competitor. In the last few weeks that Safemoon prices have been plummeting, thousands of fans have been joining Bitrise coin. But there is more that this coin is offering besides the being fast-growing token value. The protocol this team is developing, tokenomics, and attractive rewards are key factors making the coin super competitive and attractive to crypto investors.

The Bitrise is building one of the biggest DeFi products on the market. The team is developing a decentralised financial system that will be a game-changer in both DeFI industry and the traditional financial system. The development is ongoing, and the team has already launched Bitrise Audits, Techrate Audi, and dApp wallet, which will be the major products on the platform’s ecosystem.

The development of the cryptocurrency exchange is underway, and blockchain research has already started. This is information released by the team a few days ago. The innovative tokenomics is another appealing factor to the Safemoon community members and other crypto fans. To start with, Bitrise is a hyper-deflationary token.

The depreciating token supply creates token scarcity and automatically grows the token value. The team has developed a buyback contract that buys back tokens from the liquidity pool and burns them automatically. The automated buyback uses 5% of the tax collected on token transactions, which is 12%.

Crypto investors are also getting 4% of the tax collected as a reward for just holding BRISE tokens. The token holding reward is redistributed automatically as BNB into the token holders’ wallets every 60 minutes. This is a static income that is attracting Safemoon fans to join the coin.

The announced launch of the staking process is attracting Safemoon and other communities to join Bitrise coin. An 80% APY of the revenue generated by the products on the platform’s ecosystem will be shared among staked tokens. The three products already on the ecosystem, plus the exchange that’s coming up soon, will generate a lot of revenue, and this is attracting crypto investors. The upcoming Bitrise coin is staking is the biggest thing right now, but the coming exchange and blockchain will be a significant milestone for this DeFi project.

Follow Bitrise coin’s social media platforms for the latest updates.

Website| Telegram.

Disclaimer: Any information written in this press release does not constitute investment advice. CoinQuora does not, and will not endorse any information on any company or individual on this page. Readers are encouraged to make their own research and make any actions based on their own findings and not from any content written in this press release. CoinQuora is and will not be responsible for any damage or loss caused directly or indirectly by the use of any content, product, or service mentioned in this press release.

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Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Cryptocurrency

ZCash surges 7% after Digital Currency Group CEO announces $85M purchase

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ZCash surges 7% after Digital Currency Group CEO announces $85M purchase

Digital Currency Group CEO and founder Barry Silbert has purchased more ZCash to add to his company’s coffers as the price of the token moved above $240 for the first time in days.

In a Wednesday tweet to his more than 678,000 followers, Silbert announced the purchase of $85 million in Zcash (ZEC), or roughly 376,106 tokens assuming an average price of $226. The buy is just the latest for Silbert, who seems to be portraying himself as a contrarian in the crypto market — responding to negative comments on ZEC by purchasing millions more.

Source: TradingView

Continue Reading on Coin Telegraph

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

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Cryptocurrency

NFT-DeFi Based Momento Platform Shifts Play-to-Earn Economy

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NFT-DeFi Based Momento Platform Shifts Play-to-Earn Economy
NFT-DeFi Based Momento Platform Shifts Play-to-Earn Economy
  • Momento ecosystem shifts the P2E economy.
  • Unique gaming platform allows players to use various NFTs in their game.

Momento is an NFT and DeFi ecosystem that shifts the P2E economy. Their unique gaming platform allows players to use various NFTs in their game, not only offering lucrative opportunities for players but also use-cases for NFTs that currently don’t have one.

The gaming industry has always been forward-leaning when it comes to the adoption of any new technology. Most innovations in technology easily find use cases with gaming, be it the adoption of high-speed internet, mobile-first interactive gaming, virtual reality, augmented reality, and more. It comes as no surprise that the gaming sector is one of the primary adopters of cryptocurrency too, especially since crypto mining initially became popular because of gamers who owned GPUs. Even NFTs found applications within the gaming space.

When it comes to Web 3.0, gaming is again at the frontier of it. Web 3.0 and cryptocurrencies enable business models in gaming which wasn’t conceivable before. This is possible through the acceleration of the Play-to-earn economy.

The Need for a Paradigm Shift in Gaming

The accepted paradigm in the industry has been that gamers play just to have fun, leading to an industry with players more than willing to pay to play. However, the new perspective enabled by cryptocurrency is that players can not only have fun while playing, but it can be a lucrative investment opportunity too.

Play-to-earn games like The Sandbox and have become widely popular owing to their extraordinary economic system. In traditional games like The Sims, a player can buy in-game assets with an in-game currency. However, both the in-game asset and currency do not have any use in the real world. There is no infrastructure for the liquidity of these assets, but this is where blockchain technology solves this problem.

The essence of the P2E economic system is to ensure that playing a game can be profitable and that a player’s time spent playing a game is rewarded. People have an avenue to be able to make money playing games and have its value compound over time. By playing a game regularly, players can earn more items or tokens to sell and generate an income. Blockchain helps guarantee the nature of collectibility of these tokens. Through NFTs it can be ensured that these assets are non-duplicatable and scarce.

Each play-to-earn game’s mechanism can differ, but usually, the reward mechanism comes in the form of staking, farming a game’s currency, or generating tradable NFTs. Although numerous online games exist with a fiat-based auction or secondary markets, the critical difference with P2E on cryptocurrencies is through the properties of the blockchain. It creates in-game economies and business models with blockchain’s inherent properties of provable ownership, legitimacy, and rarity.

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Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

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Cryptocurrency

Cointelegraph Consulting: Gaming tokens usher in altcoin season

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Cointelegraph Consulting: Gaming tokens usher in altcoin season

While remains in a cool-off period after thrusting to its all-time high in early November and the decentralized finance (DeFi) sector in an apparent dry spell, gaming tokens seem to have taken the spotlight as massive gains are seen across the industry.

The Sandbox’ SAND captured headlines as it spearheaded the enthusiasm for gaming tokens, with over 340% gains in the past month. Another one is GALA, with a similar 300% rally in November. Such coins, including those under the metaverse sphere like Decentraland’s MANA and Illuvium’s ILV, gained momentum after Facebook’s rebranding to Meta, suggesting that gaming tokens could be preceding a new altcoin season.

Continue Reading on Coin Telegraph

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Continue Reading

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