Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Litecoin Community Join Bitrise, While Bitcoin Plunges 20%

CryptocurrencyDec 05, 2021 09:00PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
Litecoin Community Join Bitrise, While Bitcoin Plunges 20%

  • Attractive token investors Rewards.
  • Innovative and investor rewarding token economics.
  • One of the highly potent DeFi project.

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.

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.

Continue reading on CoinQuora

Litecoin Community Join Bitrise, While Bitcoin Plunges 20%
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (1)
Eric Dearness
Eric Dearness Dec 08, 2021 5:36PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
I want some money now for Xmas I live in sheltered housing we all have searis health issues please do what you can I thank you
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email