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What is BitriseToken (BRISE) token?

By Natalie Wu | October 29, 2021

Bitrise is a crypto engineering organization focused on blockchain technology products and audits solutions, Bitrise token holders also benefit through static rewards in BNB into their wallet for holding and our smart contract also has a buyback function which helps in the price growth of our token and makes it more scarce.

Bitrise Audit Solutions with Leaderboard Support

Bitrise Audit specializes in blockchain security, utilizing cutting-edge AI Technology & Manual code review by our experts to secure smart contracts and blockchains.

Bitrise is a hyper-deflationary payment network token, which rewards investors for holding tokens in BNB, while also incorporating the Buyback approach currently present in the stock market. Bitrise is the first cryptocurrency ever to include automatic Buyback with the real use case of payment systems.

Bitrise Token will be used as a peer-to-peer (P2P) service for payment systems using our dApp wallet in the local currency with zero transaction fees, faster & secure transactions, whereby two individuals interact directly with each other, without intermediation by a third party. Instead, the buyer and the seller transact directly with each other via the P2P service.

BitRise dApp Wallet 

Bitrise dApp Wallet is a multi-coin wallet app that allows you to Send/Receive/Store/Swap various cryptocurrencies safely. The program provides you with a secure access key that keeps your assets safe against unauthorized access. It also has multi-coin support that enables you to purchase and swap thousands of coins and blockchain types; Bitrise dApp Wallet will be available for installation on iOS and Android mobile devices.

HOW DOES BUYBACK WORK?

Bitrise collects a 6% Buyback tax on each transaction, which is stored inside the contract. Whenever a sale occurs, a fraction of the buyback amount is used to automatically purchase tokens from the liquidity pool. Those tokens are immediately burned after purchase

What’s So Great About That? 

There are 3 advantages: 

1. Raise in Value 

After the tokens from the Liquidity pool are bought, the new BNB amount is added to the pool and the amount of the tokens is reduced, which results in an increase in price. 

2. Free BNB 

Once those tokens are burnt, it is like adding free BNB to the pool as there are no tokens to sell in the future. 

3. Trust & Reliability

Investors can be relentlessly hesitant and often get spooked by a bearish market. Because of the automatic buyback, investors will never see more than 2 sells in a row (98% of the time)

We’ve Built A Platform To Rewards our Investors

Static Rewards: Get rewarded 4% of every transaction just for holding in BNB. 

Buy Back system: 5% of each transaction adds to the buyback wallet so we can do regular buybacks. 

Regular Burns: All tokens that we buy back we will burn, making the price impact greater.

Tokenomics

  • Token Name : BitRise Token
  • Token Supply : 1,000,000,000,000,000
  • Token Symbol : $BRISE
  • Contract Address :0x8fff93e810a2edaafc326edee51071da9d398e83

Total 12% Transaction Fee

  • 5% BuyBack
  • 3% Marketing
  • 4% BNB Distribution to Holders

Initial Burn: 50%

Liquidity: 38%

Future Development & Marketing: 7%

Dev Team: 5%

​How and Where to Buy BRISE token?

 BRISE token is now live on the Binance mainnet. The token address for BRISE is 0x8fff93e810a2edaafc326edee51071da9d398e83. Be cautious not to purchase any other token with a smart contract different from this one (as this can be easily faked). 

Source: Coin Introduction <https://morioh.com/p/86134a897e6f>

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