Binary News Network

Year: 2021

  • CeloLaunch – The first DeFi Launchpad on Celo Network

    Singapore, 11th Nov 2021, ZEXPRWIRE, CeloLaunch, launched in September 2021, provides a constantly expanding set of decentralized services by offering revolutionary, flexible technology to add value to the DeFi industry as a whole,in CELO Network specifically.

    Startups may boost their initiative and reward communities by utilizing CeloLaunch’s services. CeloLaunch’s major goal is to tackle the Celo Ecosystem’s illiquidity problem and give a single unified UX/UI on their platform.

    CeloLaunch Ecosystem

    • Automated Market Maker​

    Automated Market Maker (AMM) is one of the most important parts of the DeFi ecosystem allowing digital assets to be traded in an automatic way without permission by using liquidity pools rather than a traditional market of buyers and sellers. Users can trade CELOLAUNCH or any other tokens running in Celo Network on CLaunchSwap via their own router.

    • Launchpad​

    The system lets you start your own product on Celo Network as a token developer. They are also seeking a variety of third-party reviewers who can evaluate various parts of your product.

    Utilizing their technology as an incubator to launch your own incubated ideas on CELOLAUNCH.

    Investors are welcome to look over the most recent initiatives, carefully read reports from outside sources and conduct their own due diligence before engaging in any type of participation.

    • Liquidity Lockers​

    ​In the DeFi area, “locking liquidity” has become the norm and “rug pull” is the most feared term that no investors would like to encounter. CELOLAUNCH pioneered this notion in which they provide automatic liquidity lockers for project developers to employ as a security feature to lock their liquidity provider tokens.

    • Vesting​

    Vesting Feature is available to project owners and early adopters as a stand-alone service that connects with their in-house platform, where wallets holding tokens are shown in a different UI allowing investors to review it more quickly.

    • Farming​

    Any cryptocurrency or token must establish market depth and stimulate liquidity. Farming feature provides project developers a method to reward their community by setting up a farming vault that pays liquidity providers with their own tokens. Following that, investors can use CELOLAUNCH to search for startups that interest them and give liquidity on those pairs.

    • Staking​

    CELOLAUNCH provides a service for sustainable projects that are always seeking ways to reward their communities, such as generating staking contracts that encourage investors to take advantage of the benefits provided by their favorite startups.

    CELOLAUNCH Token

    Name: CeloLaunch

    Ticker: cLA

    Chain: Celo Network

    Contract Address: 0xC1CBe5aB272056166f0f1D26f091958a8Cc92F69​ 

    CoinMarketCap: https://coinmarketcap.com/currencies/celolaunch​ 

    It is important to keep in mind that CELOLAUNCH tokenomics are built with the idea of creating long-term value. Great things take time to develop properly, and long-term commitment from the team is required for success. This can be seen in the following tokenomics:

    Holders of CELOLAUNCH tokens who stake their tokens on the platform are eligible to participate in all CELOLAUNCH presales that have been approved.

    Website: https://celolaunch.io/ 

    Twitter: https://twitter.com/celolaunch

    Media Contacts

    CeloLaunch
    [email protected]
    celolaunch.io
    Singapore, Singapore

    The post CeloLaunch – The first DeFi Launchpad on Celo Network appeared first on Zex PR Wire.

  • LocalTrade launches the largest educational tour in modern history

     Kingstown, Saint Vincent and the Grenadines, 11th Nov 2021, ZEXPRWIRE, LocalTrade has launched the largest educational tour in modern history. Blockchain and crypto are usually perceived as something truly mysterious and mind-breaking, some kind of “modern techno-wizardry”. This perspective, however, gives an untrustworthy view on the state of things and essentially adds to the lack of understanding of industry.

    Although cryptocurrencies can be used without any deep knowledge, the underlying technology is far more advanced than anything from traditional finances. It is therefore highly recommended for anyone to become acknowledged with the sphere, in order to avoid making mistakes, which can be especially fatal when talking about personal funds. However, finding a credible source of information can also become an issue for inexperienced users and first-timers in crypto.

    This is the issue that LocalTrade has set to resolve with their new educational initiative. Through the LocalTrade University, people from across the world who have been previously underserved by the education ecosystem can discover the opportunities present in the sector. In essence, this is an online platform that provides comprehensive information about the blockchain and cryptocurrencies, allowing people to get the knowledge needed to succeed in the modern digital economy.

    However, LocalTrade University is not just another crypto-wiki, but a global initiative with a mission to encourage the use and adoption of cryptocurrencies worldwide. Educating the whole world takes complex efforts and the LocalTrade University seems to be taking steps in the right direction.

    While an online platform serves as a core hub, LocalTrade University executives have also joined their forces to create the world’s largest educational tour on cryptocurrencies and blockchain. The tour’s main aim is to catalyse the opportunities for growth in crypto sphere, doing it particularly through continuous education efforts in the emerging markets.

    As a part of LocalTrade University program, this tour features a series of free educational masterclasses, giving people an ability to learn more about the right tools in crypto and enhance their trading skills. The first part of global tour, which covers Latin America, takes place from November 1, 2021 until February 6, 2022.

    Tour Schedule:

    • November 3-5: São Paulo
    • November 7-9: RECIFE CITY
    • November 11-13: MACEIO CITY
    • November 16-18: ARACAJU CITY

    more info: https://blog.localtrade.cc/the-worlds-largest-crypto-education-tour-from-localtrade-university-6269d32b11ad 

    “It is through the collective insights and experience from multiple communities that allow people to get relevant knowledge and strive. We hope to see a new generation of independent, crypto-powered investors flourish and take their respective place among the world’s elite.” — commented Max Blazhkun, LocalTrade’s CBDO and Project Coordinator.

    Media Contact

    Company Name:-LocalTrade

    Email:-[email protected]

    Company Website:-https://localtrade.cc/

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  • New Crypto: Shelby Token (SBY), Project and Awards in BNB

    Paris, France, 11th Nov 2021, ZEXPRWIRE, The world of cryptocurrencies is a world that has been expanding rapidly for the past few years. He owes this mainly to Bitcoin, a cryptocurrency whose value has only increased exponentially. The rise in the value of Bitcoin has lifted the veil on the benefits of cryptocurrency investments and allowed other electronic currencies to emerge. Among these newborns is the Shelby Token, a cryptocurrency that could bring its holders big profits in prospect. (be careful, this article is not investment advice, do your research, deposit only what you can afford to lose, etc.)

    What is the Shelby token?

    The Shelby token is a cryptocurrency that was created on November 07, 2021 and which will serve as a reference for the shelbytoken.io platform. It was thought out and designed with the aim of creating value for investors, using so-called Smart contracts. By creating this token available on as many platforms as possible around the world, its promoters aim to establish themselves as a benchmark in the world of games.

    Why invest in this new cryptocurrency?

    Each cryptocurrency owes its success to the project that serves as a benchmark. In this context, the one that serves as a reference for a large-scale project has great potential, and this is the case of the shelby token. Although it is not yet listed as a cryptocurrency on coingecko.com and coinmarketcap.com , Several returns on the graph which predicts a very bright future. Are you one of those people who would like to be able to choose how to spend their wealth?

    How to get a significant return on investment by investing in Shelby tokens?

    A range of arcade games will be offered on shelbytoken.io to holders of this cryptocurrency. This marketplace will be a meeting place for players and investors in order to advance the shelby token project. A collection of NFTs will also be offered, allowing the entire community to make long-term investments.

    Shelby tokens are non-fungible digital assets traded for cryptocurrency. They have unique identifiers and metadata (author, signature, date, etc.) which distinguish them from others and make them unique tokens. The purchase of the Shelby token, like investments in NFTs, will potentially and mechanically increase its value, allowing investors to realize capital gains.

    For even more information, feel free to join the Telegram group for this cryptocurrency by clicking on this link https://t.me/shelbytokensworld without further ado.

    Media Contact

    Company Name:-Shelby Token

    Email:-[email protected]

    Company Website:-https://www.shelbytoken.io

    The post New Crypto: Shelby Token (SBY), Project and Awards in BNB appeared first on Zex PR Wire.

  • Wgmi.link | Airdrop for an Interesting Game Based on the Blockchain

    Houston, Texas, 11th Nov 2021, ZEXPRWIRE, As most of us are aware, blockchains are getting more and more popular each day. This motivates entrepreneurs to create new business models using the blockchain technology. Today the model we are going to show you is a fun one. It’s based on human psychology. If the right conditions are met, this game will never end, because there will always be someone who tries to beat the other one. This is the nature of the human mind.

    This game tries to exploit this nature by using smart contracts. In this game there are “keys”. Buying a key costs you a small amount. “What benefits does owning a key have?”, you ask. There are multiple benefits of owning a key. The first one is to get dividends from money flowing into the system.

    By owning many keys, you will get a bigger slice from the pie. The other and most interesting benefit is, if you are the latest buyer, you will get all the money collected inside the treasury. Basically the treasury in this game is made up of key purchases.

    Once a key is purchased, 50% of its cost goes to the treasury. And the other 50% is distributed among keyholders. So you see, in this game being early and late are both advantageous. Because once you are early, there will be many potential buyers who will buy new keys. And once you’re late, the treasury will have a very big reward that everyone will try to earn by buying new keys.

    If you don’t want to join such a game, there is another way of earning. That is by inviting people to the game. You will earn 10% of every purchase from the person you invited. And this is permanent! Once a person uses your referral link, this information is saved on the blockchain. So even if they use different devices for the purchase, you will get your reward.

    The testnet for the game is planned to launch on 20th of November, 2021. The date for the mainnet launch is 30th of November, 2021. By joining the airdrop, you can get free keys once the mainnet launches. To join the airdrop all you have to do is joining the telegram and messaging “/help” to the airdrop bot.

    Website: https://wgmi.link

    Telegram: https://t.me/wgmitg

    Media Contact

    Company Name:-Who’s Gonna Make It

    Email:-[email protected]

    Company Website:-https://wgmi.link

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  • Gamepad Prepares for Its Presale to Provide IGO Services to Blockchain Gaming Projects

    Surat India, 11 Nov 2021, ZEXPRWIRE, Gamepad, the play-to-earn gaming platform launching soon, is getting ready for its token sale. Its ecosystem runs on the Binance Smart Chain, among the most progressive blockchains in the crypto market today. Leveraging the BSC network will boost its overall functionality in the mission it hopes to execute in the gaming industry.

    Once it is up and running, Gamepad will be the gaming industry’s first decentralized initial game offering network. It will support different projects in raising funds while enabling investors to garner early positions to earn in the projects.  

    Feature-rich Ecosystem

    Gamepad will help blockchain gaming projects in raising funds while enabling liquidity injection. As a user, you can leverage its liquidity locker, where you can store your coins for a given time to get better returns. 

    Moreover, its staking and farming options are different ways to earn more from the platform. One can acquaint themselves with blockchain games and NFTs while at it through its minigames feature.

    Additionally, it encourages openness through its public-facing profile. One can show off their portfolio to other users, verifying their validity on the platform. Its easy-to-use interface makes the dashboard easily accessible and straightforward to navigate.

    Developers are not left out of the narrative as the Gamepad decentralized launchpad allows them to deploy their creativity within the space. It also motivates users to leverage its advisory, legal, marketing, and investment services to bring their ideas to reality.

    Gamepad has the ability to interact with different blockchains, facilitating interoperability. It stands as one method that the launchpad can use to improve scalability and liquidity in its ecosystem.

    Earlier this week, Gamepad games announced it had joined forces with security audit firm SolidProof. The gaming launchpad landed the collaboration with SolidProof after teaming up with Poocoin and Coin sniper to market its service.

    The Gamepad Tokenomics

    Gamepad’s token, $Gpad, has a maximum supply of 100 billion tokens. The platform will dedicate 30% of the supply to the upcoming presale on Unicrypt. As is the common practice for platforms lately, Gamepad will have weekly token burns, with 20 billion coins set aside for the process.

    21% will go to liquidity injection, 5% to centralized exchange listings, 5% for marketing, 4% for the team, and 15% for airdrops. You can rest easy while investing as the platform partnered with Solidproof to perform audits on its contracts. 

    Meanwhile, it is the beginning of a new age for Gamepad and more projects that can benefit from its ecosystem. Gamepad has plans to undergo auditing and KYC verification from SolidProof sometime this year, although the precise date is not mentioned.

    You can follow up on important announcements from the platform on its Telegram page to get precise dates on its upcoming events.

    Media Contact –
    Kruiksingh Parmar
    [email protected]

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  • Meta Mobs – Innovative, Gamified NFT Trilogy of Dystopian Metaverse Art

    New York, United States. 11th Nov 2021, ZEXPRWIRE, MetaMobs is launching the first NFT trilogy consisting of three connected works of art – The Undead, The Survivors and The Cyborgs. The pre-sale of the MetaMobs NFTs begins on November 11 at metamobs.com.

    A non-fungible token (NFT) is a unique and non-interchangeable unit of data stored on blockchain. An NFT has two main parts: the visual representation, which, in this case, is the artwork; and the data behind the art that demonstrates its uniqueness within the digital space. NFTs cannot be endlessly replicated like other digital objects can. Each NFT is a one-of-a-kind asset that can be bought and sold just like its real-world counterparts. And as opposed to Bitcoin, where every bitcoin is always worth the same amount, each NFT is unique and can have a variable value. NFTs can also be utilized to authenticate ownership of digital assets.

    According to analytics platform DappRadar, the popularity of NFTs is soaring as more people invest in this new technology and its future potential. NFT trading volume surged in the third quarter of 2021 to $10.67 billion – a 704% increase from the previous quarter – and is continuing to explode, as evidenced by CryptoPunk #1422 selling this week for more than $2 million and Bored Ape Yacht Club #27 going for over $239,000. In fact, the NFT subsector is the fastest-growing subsector in the crypto and blockchain world.

    MetaMobs features a trilogy of three connected works of arts that represent a Metaverse dystopia. Each Mob has specific attributes and agendas for the Metaverse. “The Undead rose and laid waste to the Metaverse. Then, the Survivors of the apocalypse fought back with their improvised weapons, only to realize that they also had to compete with time-traveling Cyborgs,” a spokesperson for MetaMobs said, describing the interconnectedness between the art. “As the war rages on, the distinctions between enemy and ally blur. Are the Undead simply invaders with an insatiable bloodlust? Are the Survivors to blame for the state of the Metaverse? Have the Cyborgs come as saviors or as subjugators?”

    These MetaMobs will operate as Decentralized Autonomous Mobs (DAM), where the NFT holders will elect a Mob leader and the governing body to make strategic decisions for gameplay. There are 3,333 NFTs total for each mob, with one leader and 10 council members for each mob. Token owners will be involved in strategic decision-making for the future of the project. With an experienced development team, community focused roadmap and unique innovation for interactive gamification within the NFT space, MetaMobs is poised to increase in value in the long run.

    The NFTs can be purchased before they hit the NFT marketplace Opensea by minting directly from the MetaMobs website or purchasing from the smart contract. The core project development team is available to chat and answer questions on their Discord server. 

    For more information and updates, visit metamobs.com and follow MetaMobs on Twitter.

    Website: www.metamobs.com
    Twitter: @MetaMobsNFT
    Discord: https://discord.gg/7J5sFeMrXd

    Media Contact

    Company Name:-MetaMobs

    Email:-[email protected]

    Company Website:-https://www.metamobs.com/

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  • Flokigaming Project Announces the Launch of Its Own Ecosystem Based on $FGT Token

    Ottawa, Canada, 11th Nov 2021, ZEXPRWIRE, The developers of the FlokiGaming project are launching their own ecosystem, which will include a “play to earn” economy, NFT-marketplace and other DApps. The system will be powered by the $FGT social token based on Binance Smart Chain.

    Thanks to projects like Dogecoin and Shiba Inu, the cryptocurrency community was able to prove that one of the main driving forces for a cryptocurrency project can be far from complex blockchain technology, but simply social support for the community. These two projects gave birth to a new trend – meme tokens, or social tokens.

    One of the representatives of this trend is a project based on Binance Smart Chain – FlokiGaming and its token $FGT, named after Floki – Ilon Musk’s favorite dog breed siba inu.

    The developers of FlokiGaming plan that with the help of their project it will be easier for users to get acquainted with the world of cryptocurrencies as well, thanks to the platform’s user-friendly interface.

    Preparations are now underway for the pre-sale of the $FGT token. The proceeds will go to:

    Reinvesting in projects such as Solana, CoinList, PancakeSwap, Binance NFT and others to create passive income for holders

    • Aggressive social media marketing
    • Launch of NFT Marketplace
    • Design and creation of a play-to-earn economy game
    • FlokiGaming token redemption and burning

    Project Tokenomics

    Total supply – 1 000 000 000 $FGT

    • 10% development team
    • 3% on AirDrops
    • 5% on Bounty program
    • 30% PancakeSwap liquidity pool
    • 40% presale launch
    • 12% DEX and CEX platforms

    Play-to earn gameplay is currently being developed, with the first screenshots available to users on the project website.

    Users can buy $FGT token on Pancakeswap

    More information about the project on the official resources:

    Website:https://www.flokigaming.com/

    Twitter:https://twitter.com/FlokiGamingNft

    Telegram:https://t.me/floki_gaming

    Media Contact

    Company Name:-FlokiGaming

    Email:-[email protected]

    Company Website:-https://www.flokigaming.com/

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  • Smashcoin Is Ready to Create New Benchmarks for the Upcoming Gaming Focused Nft Projects With Its Launch

    Saigon, Vietnam, 11th Nov 2021, ZEXPRWIRE, SMASHCOIN is a token, based on the blockchain technology. It is the core asset of the new NFT Marketplace. SMASHCOIN is also a next-generation marketplace for creators/artists and collectors that is automated and decentralized. Designed to make it easier for young and bright talent to succeed. Our goal is for a user-friendly interface that is accessible to users, artists, and collectors alike. On the SMASHCOIN marketplace, people may develop their collections or buy NFTs straight from other users for a very low opportunity cost.

    Currently all tokens are built on top of the BSC. The Binance Smart Chain (BSC) is a blockchain system developed by the crypto-trading platform Binance. Since its launch, it has established itself as one of the leading blockchains for DeFi and dApp development. Some of its key features include smart contract functionality and compatibility with Ethereum Virtual Machine (EVM).

    The developers are also in talks to launch the some game project which will be announced soon. These are like a lucky draw where players can try their luck to win money, tokens, and valuable gaming. The team will also choose winners who will receive the door prize. This was launched with the reason to give gamers more chances to take something back with them. The team hopes it will attract masses from around the globe.

    Binance Smart Chain is completely independent of the Binance network. This means that even if the Binance network is down, Binance Smart Chain can still run normally. It is built on a dual-chain architecture. It allows users to develop their decentralized apps and digital assets on a single blockchain.

    SMASHCOIN charges a 1% transactional fee. 1% of that transaction will be distributed to all holders. There will be a total supply of 1,000,000,000,000 tokens, out of which 50% are reserved for the marketplace. Furthermore, 20% for burn, 15% is for project, 12% for marketing, and 3% for the SMASCOIN team.

    NFT MARKETPLACE

    Non-fungible tokens (NFT) are digital assets that are built on the power of blockchain technology. They verify the ownership of the digital assets that are purchased by the buyers. NFTs represent real-life physical assets in digital form including tangible and intangible assets. The commonly represented digital assets are music clips, video clips, trading cards, domain names, etc. They are unique, thus, they cannot be traded with tokens that possess similar value. Since NFTs are built on blockchain technology, they can easily trace back the ownership of the purchased digital product and eliminate the interference of data manipulation and replication.

    Non-fungible tokens have turned out to be a great opportunity for digital content creators and business models to invest their resources into this platform and gain high profitable yields. It has become a platform for artists and musicians to showcase their talent and monetize them. This platform has become a dominant sector in the digital world where it has been a constant revenue generator for fields such as online gaming and digital artworks.

    For NFT buyers, dealers, and artists, SMASHCOIN will build platform. As a result, you may easily sell, buy, and resell NFTs on the SMASHCOIN Marketplace.

    Social Media Details:

    GitBook: https://smashcoin.gitbook.io

    Twitter: https://twitter.com/Smashcoin_

    Telegram Group: https://t.me/SmashCoin_Group

    Telegram Channel: https://t.me/SmashCoin_Channel

    Media Contacts:

    Company: SMASHCOIN

    Website: http://smashcoin.net

    Email Address: [email protected]

    The post Smashcoin Is Ready to Create New Benchmarks for the Upcoming Gaming Focused Nft Projects With Its Launch appeared first on Zex PR Wire.

  • MoonBear.Finance (MBF) – A Revolutionary New Reflection-Like Staking Platform That Redefines Rewards

    Within the first hours of its launch, MoonBear.Finance has become a family of over a thousand holders and has been listed on CoinMarketCap and CoinGecko. Following their fair launch, MoonBear.Finance operates a community-oriented structure and it is in the process of building a revolutionary new staking platform. The project concept is a hybrid of projects like Shiba Inu and SafeMoon due to its tokenomics, and projects like HEX due to its staking platform. There is a small 4% fee attached to buying tokens, and the MoonBear Finance project has been built to be immune to the market dynamics due to its supercharged tokenomics. Until now, Moonbear has been audited and approved by TechRate and BlockAudit. 

    Revolutionary New Reflection-Like Staking Platform Launch With More Than $150,000 In Rewards

    MoonBear.Finance ($MBF) has been working tirelessly to build a new-age staking platform that can compete with giants like HEX and create generational wealth. It is really close to its launch which is planned to happen on 15th November 2021 22:00 UTC time.

    On the first days after launch, the team planned to reward its first stakers with a prize pool of more than $150,000. The rewards will consist of a combination of MBF token and BUSD and will be credited to all who stake within the first 72 hours. The platform has been built in a way so smaller investors can earn more tokens than the bigger ones, just by increasing their staking time period (what we refer to as “longer pays better”). And by being a MBF staker, people will be able to earn both MBF and stable rewards in the form of BUSD.

    Their staking platform has been built in a really simple way so no matter what experience people have they will be able to stake and earn passive rewards. By keeping their tokens staked, participants will get rewards from the staking pool that will grow with each buy and sell transaction. And that’s not all; there will be additional rewards the team have decided to make a few times per year, known as“Bear Pay Days”, in which even more rewards will be distributed to the stakers. 

    Supercharged Tokenomics for Stable Market Position

    Moonbear.Finance tokenomics are designed to ensure that every user gains from the platform-based transactions and the token value remains high. There will be a small 4% buy fee that will support the project’s marketing efforts and staking pool. Every sell transaction invites a 15% transaction fee, and it is divided into eight components where 3% goes to marketing and rewards each, 3% is burned, 3% is rewarded as stable coin to stakers, 1% is sent to a liquidity pool, 3% is used for MBF token buyback, 1% is shared across the team, and 1% is donated to charity. The 15% tax is also imposed to encourage holding the $MBF tokens and dissuade the users from selling.

    About Moonbear Finance

    MoonBear.Finance is a community-driven cryptocurrency project that helps investors to earn real passive rewards through its groundbreaking staking platform. The sellers of $MBF are charged 15%, and buyers only 4%. Launched with no initial burn, MoonBear.Finance decided to burn 3% of each sell transaction and make it deflationary to strive for increasing the price consistently. Going forward, the platform developers are on the path to launch not only the best staking platform but a bear charity voting option, an NFT marketplace, and much more.

    Media Contact

    Steven Kaines

    Email – [email protected]

    PR – Cryptoshib.com

    Email – [email protected]

  • Safemoon Doesn’t Have Better Pros Than Bitrise

    Safemoon Doesn’t have better pros than Bitrise. The last time Safemoon hit an all-time high price was on 20-21st April 2021. Then Safemoon investors experienced a price hike around mid-May but never broke the previous peak. Then Safemoon coin price had marginal rises and drops from May to October when the coin experienced another explosion by the end of October. Since then, the value of Safemoon has been dropping at a fast rate till the time of writing.

    Crypto experts have been analyzing Safemoon behaviors, and most agree that competition plays a critical role in diminishing Safemoon value. There are new and more promising crypto coins that are giving Safemoon tough competition. They have more pros than Safemoon, which is creating less interest in the Safemoon coin.

    A look at the charts show that since the start of November, Safemoon coin prices have been dropping. But that has been the case for most months, from May to October. But what is important to note is that Safemoon price fall does not reflect the state of the crypto market. This is because in the same periods, there have been coins that have experienced a bullish explosion.

    Shiba Inu and Bitrise coin, just to mention a few, are some of the crypto coins that have recorded impressive growth. Experts believe that Safemoon is being edged out by competition. Crypto coins like Bitrise have already earned the name  ‘next Safemoon.’ There are many pros these coins have over Safemoon that makes competition tougher for Safemoon.

    A look at the tokenomics of competing coins, like Bitrise crypto coin, shows a poorly performing Safemoon. Safemoon members are joining Bitrise in thousands because of the appealing tokenomics. In fact, weeks ago, there was news of Safemoon whales joining the Bitrise coin.

    Whereas Safemoon is a hyper-deflationary token same as Bitrise, the latter has an automated token buying and burning process. Safemoon burns manually and does not offer clarity on how much is burned. Therefore, transparency in the regulation of Safemoon token liquidity is less in Safemoon network than in competing coins. That’s one of the reasons users may find Safemoon less attractive.

    Although Safemoon token holders earn reflections, coins like Bitrise have a better system than Safemoon for distributing reflection to all token holders. It is automated and done every 60 minutes, unlike Safemoon, where the process takes time.

    Safemoon is also getting tough competition when it comes to products. Compared to some of the platforms, such as Bitrise, Safemoon is falling short of products. A comparison against Bitrise shows Safemoon has few products in its ecosystem. For example, Bitrise is developing the IBitrise blockchain, but the Safemoon team has no such product. So Safemoon users who are looking forward to staking tokens will have lesser revenue generated on the Safemoon ecosystem. 

    In addition to the products’ range, the quality of products is another issue. Some of Safemoon products have proven inferior to the competition. A comparison between Safemoon Wallet and the already launched Bitrise dApp shows the latter has better features and functionalities. There are many other products from Safemoon competing crypto projects that have been found superior. This means Safemoon products might not be competitive in the future.

    Safemoon competitiveness in the market is weakening due to tough competition.  Safemoon community members are joining competitors, like Bitrise, which indicates the availability of a better Safemoon option.

    It is believed that unless the team makes fundamental changes to Safemoon, it cannot compete with Bitrise, Shiba Inu, and others. With the current situation where community members are joining rival coins in thousands, Safemoon will likely experience a further price drop.

    Media Contact

    John K

    Email: [email protected]

    Website: https://www.bitrisetoken.com

    Telegram: https://t.me/bitrisetoken