Cardano $ADA’s price has been plummeting over the last three months straight. At the time of writing, Cardano coin price has dropped from $3 on 2nd Sep 2021 to $1.59, which is an almost 50% drop in value. This is at a time when other coins, like Bitrise coin, a still mooning crypto coin, have been recording thousands of growth values.
- First accomplishments in Building DeFi protocol.
- Bitrise platform comes with innovative tokenomics.
- The platform offers attractive rewards to investors.
Bitrise, a Defi project built on Binance Smart Chain, is just 4 months old has accomplished a lot, which is attracting Cardano community members. With the plumbing Cardano ADA price, investors are looking for the next promising crypto projects, and Bitrise has been the most visible project.
Bitrise Tokenomics, staking rewards, and fast accomplishments in the building of the decentralised system are the most attractive things to the Cardano community about this project. On the accomplishments, the team has done a lot in four months, and this is catching the attention of Cardano members.
Already, Bitrise has Bitrise Audits, Techrate Audi, and dApp wallet as products running in its ecosystem. The team recently announced the launch of the exchange in Q1 2022 and that blockchain research has started. These developments are attracting many crypto investors, not just the Cardano community.
But it is the recently announced Staking process at the end of November has seen a significant increase in the number of Cardano members joining the coin. The attractive staking rewards are one of the factors attracting Cardano community members.
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, there will be huge revenues collected and shared with the joining Cardano and other crypto investors.
The Bitrise coin tokenomics is attracting crypto investors, including the Cardano community members. The team developed one of the most attractive and innovative tokenomics. This is a hyper-deflationary token, and this means depreciating token supply. The ever-increasing token scarcity keeps the coin’s demand high.
The Bitrise team has also 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%.
Cardano community members are also joining to get the 4% of the tax collected, which is redistributed to all token holders for just holding the tokens. The rewards are automatically redistributed as BNB into the token holder wallets every 60 minutes. Crypto investors, including Cardano community members, want to get part of this static income.
Bitrise token is also one of the available DeFi project coins having been listed on big exchanges such as MEXC Global, LBank, and Bitmart. These are just some of the reasons why the Cardano community is joining the Bitrise token.
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