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Litecoin Community Join Bitrise, While Bitcoin Plunges 20%
The last few days have not been good for most crypto investors, especially those that invested in Bitcoin. The value of Bitcoin plunged 20%, but this was not a problem with Bitcoin only. Almost all cryptocurrencies, including Litecoin, have the same problem.
Litecoin also dipped, and it has most of its community members looking for other crypto coins that were less affected by the recent shock. One of the coins that have received a lot of Litecoin community members is called Bitrise. It is a still mooning coin that was launched on 28th July 2021. In the last four months, Bitrise coin has made big moves that have attracted thousands of crypto investors.
Unlike Litecoin, Bitrise was not much affected by the recent price drop. That’s one of the reasons why Litecoin members have been joining the coin in the last few days. But apart from the price shocks, there are many other reasons why the Litecoin community has been joining this coin every day.
Since the launch of the token, Bitrise coin has been rated as a highly potent crypto project. Bitrise is a DeFi protocol built on Binance Smart Chain with massive potential. From the whitepaper to the actual development of the protocol, there is so much that attracts Litecoin community members.
The team has developed this DeFi project faster than the competing projects. The team had developed Bitrise Audits, Techrate Audit, and dApp wallet in the first three months. These are now products running on the Bitrise ecosystem today. The exchange is launching in Q1-2022, and the blockchain launch will be announced soon. Such fast development of the Bitrise project has been attracting the Litecoin community.
The attractive $BRISE rewards are also making Litecoin members join Bitrise coin. As a hyper-deflationary token, Bitrise has a contract that automatically buys tokens from the liquidity pool and burns them immediately. Bitrise is the first crypto project automatic buyback with a real use case of payment systems, and that’s why it attracts Litecoin members.
Every 5% of the 12% tax on transactions on the Bitrise ecosystem goes to buying back and burning tokes in the liquidity pool. A 4% of the tax is redistributed to all token holders as a reward for holding tokens. This is another reason why Litecoin members are joining Bitrise. 4% reward, which is in BNB, is a lot of got investors with a large volume of tokens. The token holding reward is automatically sent to holders’ wallets every 60 minutes.
The Bitrise staking process, which will be launched soon, is another reason why Litecoin members join this coin. The 80% APY revenue shared among the staked tokens is attracting many, not just Litecoin crypto investors.
The Litecoin community has many reasons to join Bitrise coin, not just the price plunge. The ROI is good, and the upcoming staking is very appealing to all crypto investors.
Follow Bitrise social medial platforms for the latest updates.
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