Exploring the Thrilling World of Bitgert: What You Need to Know
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Chapter 1: The Rise of Bitgert
Bitgert has garnered considerable attention lately, primarily due to its impressive track record of delivering on ambitious promises. Yes, you read that correctly—they are not just making claims; they are following through on them.
Promises and Realizations
The Bitgert team has launched various initiatives, starting with a staking platform, followed by a wallet app capable of supporting BEP20/ERC20 tokens. They then introduced a blockchain that boasts zero transaction fees, along with a launchpad for emerging businesses. Additionally, they have secured listings on both centralized and decentralized exchanges. And there's more in the pipeline, including Relaychain, Parachain, Smart Contracts, and Cross Chains, among others.
If this narrative were part of a film, the Bitgert team would resemble a high-stakes organization that has united some of the brightest minds in the cryptocurrency sector to launch a groundbreaking project and outperform competitors. The outlook for Bitgert appears exceptionally promising.
Reality Check
However, as someone who isn’t an expert, I find it prudent to question whether something that appears too good to be true might indeed be so. Is there a hidden agenda behind Bitgert, or is there a genuinely exceptional team that can execute plans that others struggle to realize? Why do established projects like Ethereum, Cardano, Tezos, Solana, and Cosmos often experience delays, while the Bitgert team can accomplish their goals in just weeks or months? This raises an essential question that we ought to explore together to uncover any inconsistencies.
Note: This is not a reference to Uniswap or other projects featuring unicorns in their logos.
What Is Bitgert?
Bitgert is a crypto engineering organization dedicated to blockchain technology products and audit solutions. The $BRISE token provides investors with BUSD rewards through staking. Its smart contract also includes a buyback feature that contributes to the token's price appreciation and scarcity.
Understanding the $BRISE Token
The $BRISE token is designed for use in a peer-to-peer (P2P) payment system via the Bitgert dApp wallet, enabling transactions in local currencies with zero fees, quickly and securely. This means individuals can engage directly with one another without the need for intermediaries.
Audit Solutions with Leaderboard Support
Bitgert Audit specializes in blockchain security, employing advanced AI technology along with manual code reviews by Bitgert experts to ensure the safety of smart contracts and blockchains. Launched on August 27, 2021, Bitgert was the first project to undergo auditing; you can check the report here.
I wonder, how credible can an audit conducted by the project itself truly be? An independent audit by a reputable entity like Certik would add a layer of legitimacy and security, benefiting the project's investors.
BRISE dApp Wallet
The BRISE dApp Wallet is a multi-currency application that allows users to send, receive, store, and swap various cryptocurrencies securely. It provides a secure access key to protect your assets from unauthorized access and supports multiple coins, enabling transactions across thousands of cryptocurrencies. The wallet is available for installation on both iOS and Android devices, boasting an appealing design and functionality.
BRISE Revenue Sharing Staking Program
The BRISE staking program is designed to share revenue with investors, offering Auto-BNB rewards in the form of BUSD. The company claims potential earnings of up to 80% APY; you can explore their staking platform here.
BRISE Swap
BRISE Swap is a decentralized exchange built on Binance Smart Chain, offering a fast and cost-effective alternative to PancakeSwap. It facilitates the exchange of BRC20 and ERC20 tokens; check it out here.
Bitgert (BRISE) Tokenomics
The Bitgert Token features a buyback mechanism and a reward system for stakers, providing up to 4% rewards on each transaction on the DEX. The total tax fee for BRISE on the Binance Smart Chain is 12%.
Understanding Buyback
A buyback occurs when a company repurchases its own stock from the open market, particularly when the stock is undervalued but holds potential for future gains. Following a buyback announcement, investor confidence typically increases, leading to heightened demand and a corresponding rise in price.
Mechanics of Buyback
The $BRISE token includes a 5% buyback tax on each transaction, which is held in the contract. When a sell occurs, a portion of the buyback amount is used to automatically purchase tokens from the liquidity pool. These tokens are then immediately burned.
What are the Benefits?
- Value Increase: The purchase of tokens from the liquidity pool adds new BNB to the pool while reducing the number of tokens available, which drives up the price.
- Free BNB: Burning the tokens is akin to adding free BNB to the pool, as there are fewer tokens available for future sales.
- Trust and Reliability: Given that investors can be cautious, the automated buyback feature helps ensure that there are rarely more than two consecutive sells (98% of the time).
Summing It Up
One notable drawback is the anonymity of the team. Recently, there was controversy regarding the team’s identity, which led to the website revealing their profiles, only for critics to claim these were fabricated.
Bitgert even issued a tweet stating that for their own security, they would refrain from disclosing team members’ identities. As a business owner myself, I find it hard to see how anonymity can facilitate effective management; trust in the unknown can be precarious. Such actions might lead potential investors to suspect that hiding identities could indicate deceptive practices.
However, who am I to judge? Even Satoshi Nakamoto, the creator of the first cryptocurrency, chose to remain anonymous, and that project has thrived. The decision to invest ultimately rests with you.
Where to Buy $BRISE
You can purchase Bitgert on various platforms, with BitMart being one of the most user-friendly options that allows for credit/debit card transactions. To learn more about buying $BRISE or any other tokens, check out the article “How to buy Bitcoin (& ALL other crypto) at BitMart.”
And that wraps it up! As always, remember to #DYOR.
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Disclaimer
Any information in these cryptocurrency articles should not be taken as financial advice or recommendations. It is your responsibility to verify and determine your own trading choices. Only use risk capital for trading, meaning funds that will not adversely affect your lifestyle or financial responsibilities. The author is not liable for any losses incurred from using the suggested trading platforms.