For the past few months, I have been reading and sharing a lot about Bitgert. “Is Bitgert a rug pull” or “Is Bitgert a scam” is a question most of us have been asking (who either have a stake or looking to create a stake in Bitgert). This guide will try to gauge the situation and present facts which might help you to answer the question “Is Bitgert a rug pull”.
Table of Contents
Facts which suggest a ‘Yes’ to “Is Bitgert a rug pull”
Bitgert (BRISE) is a blockchain platform that claims to be the world’s first blockchain with near-zero gas fees. It was launched in July last year on the Binance Smart Chain now BNB, as a DeFi platform.
Bitgert claims it can process 100,000 per second with near-zero gas fees ($0.00000001), as per their portal. The project which was earlier known as Bitrise was rebranded as Bitgert.
Let us check which are the doubt points which allude that Bitgert might be a scam.
Team is unknown
I think one of the primary reasons for the skepticism is that the team behind this ambitious project is unknown. The founders are anonymous. Although this is not something new in the crypto world. We still do not precisely know the founder of Bitcoin.
But, I agree that as the crypto industry is evolving, it is a better conduct to reveal your faces to the crowd to win their trust and comfort. For the common investor, it gives a sense of accountability from the founders side.
Besides, there is an additional dubious act from Bitgert. Initially when they launched, they posted the team members in their website. See the images below (Source). But when you check these names in LinkedIn, they are not found to me. Can you also check, and comment below, if you can find them.
So, the skepticism is whether these are AI generated faces. If yes, why? Why did the team need to present non-existent AI generated people as their team members. The team members are now removed from the website.
BRISE wallet was recently taken down from Google Play
There is a community in Reddit “Bitrisetokentruth” which posts views and facts for Bitgert being a scam. As is seen in one of their posts (see below snapshot), the BRISE wallet is not found in the Google Play Store. I also tried to check for BRISE wallet in the Google Play Store and my Android Play Store. To my surprise, I was also not able to see the BRISE wallet for download.
I have written to the Bitgert team for an explanation. When received, I will update this post.
Is Bitgert a scam Reddit
As said, a community has been formed on Reddit “Bitrisetokentruth” , which strongly believes that Bitgert is a rug pull. According to another post, Centcex which had earlier partnered with Bitgert is also backed by the same team which created Bitgert.
“So all they doing is: make dumb products or illusory promises, wait until the price goes up and start their auto-buy-sell bots, cause only him can buy/sell without 12% tax fees,” revealed another Reddit post.
Uneven distribution of BRISE tokens
According to CoinCarp, top 10% Holders are holding over 81% of the BRISE tokens. While top 100 wallets hold 93.93% of the BRISE tokens.
Doubtful Marketing Strategies
Have you seen the headlines promoting Bitgert. I do not want to specifically mention them here, but there are tall claims to dethrone the Ethereum or a Solana or a Cardano. I have also compared Bitgert with Cardano and Solana, but I did a neutral comparison. There are only two to three projects which have gone live on Bitgert. But these promotional articles are claiming that Bitgert will be the next Ethereum. I do not think Vitalik Buterin even knows much about Bitgert.
Please check Bitgert vs Cardano
Dubious Self audit
The Bitgert Smart contract is audited by Bitgert itself. This brings in some conflicts of interest and again puts a question on the authenticity of the audit done and hence the project. The audit can be found here.
The audit page presents that all the parameters like code, website, contract functions, rug-proof analysis, owner privileges and liquidity lock check have been checked and verified. However, links to these reports are missing. This is again dubious and withers the trust of investors and users of Bitgert.
I believe it will be better for the team Bitgert to get the audit done from a trusted third party like Certik. Undergoing audit from itself is in a way conflict of interest and self-congratulatory.
Not open to questions
Reportedly, people have been blocked from their Telegram channels, for openly asking questions regarding the platform’s authenticity. I had chat with the messaging bot in their official website and I also got partial answers. See the excerpts from my chat at the end of the article.
This does indicate (if not completely) towards something fishy.
Facts which suggest a ‘No’ to “Is Bitgert a rug pull”
Project has been here for quite long
The Bitgert project has been in the floor since July 2021. It started as a DeFi project in the Binance Smart Chain and eventually developed its own blockchain platform. It has been a long time for Bitgert and mostly scam projects do not last for this long. The team has published its roadmap V2. The team is partnering with decent projects like Knit Finance, Sphynx Labs, Miidas.
Partnerships and the ecosystem
Bitgert has partnered with some very seemingly authentic projects in the blockchain industry. Examples: The Sphynx Labs, Knit Finance. The Bitgert Startup Studio supports new and innovative projects in terms of technical support, marketing and promotional support and connecting with accelerators and investors support. Reportedly the team plans to launch 1000+ projects by the end of this year.
Few popular projects launched by the Bitgert Startup Studio which are either in the presale or beta testing phases are:
- BrisePad
- Omniaverse
- Miidas
- YoungParrot
- Bitsxt Exchange
- 4D Twin Maps
- Yogo
- Numitor
Also some of the projects have been live like Sphynx Labs, Briseparadise
Please find below the important websites for Bitgert.
Excerpts from my chat with the Bitgert
See below
FAQs
Is Bitgert a good investment?
No doubt Bitrise/BRISE token promises potential benefits over the coming years. The trade pundits including the likes of WalletInvestor, DigitalCoinPrice are bullish for the token.
The team has shown commendable progress in terms of projects launched in a short span of time (over a year), like BRISE wallet, BRISE staking, blockchain mainnet platform, Audit Solution among the major ones. The team also promises a roadmap with intentions to get into Metaverse, NFTs, own Exchange and more.
Furthermore the Bitgert blockchain itself is a major innovation in the blockchain and crypto space. It is one of the fastest blockchain platforms which can process 100,000 transactions per second, charging near zero Gas fee.
All these facts allude towards Bitrise/BRISE being a good investment option.
Although we also must consider the fact that BRISE is a fairly new crypto token with lesser market capitalization. This makes it vulnerable to price manipulations. The team is not fully known to the public, adding to the skeptics for the token.
So to answer the question “Is Bitrise a good investment-Will it gain huge gains or is it just a fad” is “Bitrise is not a fad. It is according to me a good investment option in the long term. The reasons are stipulated in detail in the article.”
This article is not intended to persuade or dissuade you from investing in Bitrise. I have simply tried to put forward the facts which favor and the facts which disgrace the Bitrise/BRISE token. Please conduct further research, if you still are not sure whether to put your money in Bitrise/BRISE or not. Cryptocurrency investment is a new ball game with a dearth of people with adequate skills and knowledge. Hence, I recommend to put only 5-10% of your investment portfolio to cryptocurrencies. Besides, as said, do proper research before investing in cryptocurrencies.
Is Bitgert the same as Bitrise?
Yes. The Bitgert project was initially termed as Bitrise until it was rebranded to Bitgert in December 2021.
Conclusion
So, is Bitgert a rug-pull? Is Bitgert a scam? What is my answer?
Honestly, if you ask me to invest in the BRISE token, I will not for at least some time now. There are some serious dubious events surrounding the Bitgert blockchain, be it the disappearing of the BRISE wallet from the Play Store, uneven distribution of the tokens, doubtful marketing strategies, self audit of their own project and more (as discussed in this guide).
I was myself very hopeful of the project. But for now I will keep my fingers crossed and hope that the air of doubt clears out and turns to certainty among investors. The tall claims of adding multiple projects to their kitty actually comes in play. I suggest the team should confront the questions of the investors and developers.
I have to share my experience on how I was saved by a good recovery agent who was recommended by a friend after investing in Bitcoin. I bought a Bitcoin wealth of 250,000 euros for an investment platform called Flaregain. com. When it was time for me to withdraw my investment, they logged me out and demanded payment of 5,000 euros before I could have access to my login investment platform, which I did. They still ask me to pay more money and I refuse because a legit investment platform can never ask you for money after investing in their platform. During the process of asking questions and checking Google, Saclux Comptech Specialst was recommended to me and they came through for me and they are very passionate and dedicated to their recovery job. They are positive in their work and they genuinely care also to assist you in getting your stolen money back, just the same way they help me recover all my stolen investment money. Contact info: sacluxcomptechspecialst AT engineer DOT com
Hello everyone! I have always wanted to advise you guys about how we need to be very cautious about the world around us, I’m talking about our cybersecurity, digital marketing, investment and so on. Just about a few weeks ago, I met some investment firms which turned out to be fraudsters. I was defrauded of my USDT about $343k. That was the amount I deposited through my Blockchain wallet. They convinced me that the funds I deposited were going to make a lot of profit. However, I have to make another deposit of 8k USDT to activate my investment. It became obvious that these guys were scammers. They took all my money and blocked me. Felt so bad and depressed then, but I never gave up. Searched for several recovery hackers who could help me with the fund’s recovery. Read so many reviews and testimonies of several hackers and I randomly picked Salux Comptech Speialst ([email protected]), one of the hackers that brought solutions to my fraud-type of circumstances. I challenged myself to give them a trial even though I was doubted at first, I just had to take the risk and eventually, my stolen money was recovered. Feels like I’m still in their debt for such a trustworthy service. If they were some fraudsters they would have just defrauded me again because I paid them before my recovery service was rendered. Find out more details by reaching out to them.
Whats: +44 7458 693890
I have but I would be in error if I did not outline the tons of bad turns I took in my search for a legitimate recovery service or expert, a few have led me astray but luckily I was guided by my attorney who made a lot of calls within his networks and eventually secured me a consultation with a reputable UK Expert called Saclux Comptech Specialst, that was able to trace my stolen coins to several wallet addresses and extracted them using top-shelf AI recovery tech which as I was informed was devolved and patented by the Saclux Comptech Specialst research institute. In terms of my experience, they were very gentle with me and helped me heal from the trauma of the ordeal through their impressive customer service personnel, they also sent me resource materials to educate me and keep me protected from malicious entities on the internet. Am dropping their contact information here Email: [email protected]
you’ve been a victim of a crypto scam. It can be tough to deal with, but there are steps you can take to try and recover from it. First, make sure to report the scam to the appropriate authorities like the police and the platform you used for the transaction. Next, try to gather any evidence of the scam, such as screenshots of the fraudulent transaction or any communication you had with the scammer. This can help investigate the scam and potentially recover your funds. You may also want to contact the customer support of the platform you used for the transaction and explain the situation. They may be able to offer some assistance or guide you on the next steps to take. Lastly, consider contacting a professional or financial advisor for further assistance in recovering your funds and preventing future scams. Remember, it’s important to stay vigilant and cautious when dealing with cryptocurrencies to avoid falling victim to scams in the future. I know Saclux Comptech Specialst has come through for so many scam victims when it comes to recovery and you can also reach out to them if you are a victim of a scam by their email: [email protected] whats: +44 7458 693890
I feel what makes most of us vulnerable to this type of attack is ignorance generally in the crypto space. In January 2021, I lost about $300,000 in the form of Bitcoin to scammers! All I did wrong was to click a link (a phishing website) and in less than 10 minutes, all my fortune went down the drain. Some important lessons I’ve learnt thus far are that cryptocurrency has become more popular and leaves us with an increasing number of people with bad intentions trying to take advantage of new technologies. By following a strict security protocol, you’ll be able to secure your cryptocurrency assets, protect them from fraudsters, and be safe from any potential losses. In case you’ve lost some sum as I did, you can contact Saclux Comptech Specialst on the internet! They are the best recovery platform I have worked with thus far!
email: [email protected]
Telegram: SacluxTS
Thanks for sharing the contact Gift
Beware whom you communicate with when dealing with Blockchain.com | Buy Bitcoin, Ethereum, and more with trust. They are not always employees of Blockchain, but scammers. I have recently been defrauded of £3800. 2 scammers named Jack Martins and Kai Hunter claim to be Blockchain employees however neither have an official email address and Blockchain has informed me that it is a scam. I have reported the crypto wallet recovery scam to my bank’s Action Fraud, FSA, and Fraud Department. I resigned to losing my funds, yet reporting these scams is important. They are unashamedly nonplussed at taking your money and continue to troll the net looking for someone to dupe, like me 73, and a pensioner. UPDATE 22 July. Having complained to P Smith C.E.O of Blockchain. His dept verified they had not received any funds I sent and yes it was a scam. Just to add salt to my wounds they requested £500 to open my wallet and get a refund of funds. I refused stating I had lost all my savings to a scam and would not give Blockchain something I don’t have. Sounded more like a ransom demand! They cut off communications knowing I had nothing left. But all thanks to one recovery company i read their reviews on Google and I was able to recover 80% of my total cash thanks heavens if you have experienced the same thing you can contact them via:
([email protected])?
Telegram +1 (323) 910-1605)
Better to be careful than to be sorry
My friend Greg at the office introduced me to Bitcoin trading, which I ignored. The firm we worked for went into recession and closed down, which made him leave for a new job. Gradually, we watched the company fold after the demise of the owner. I ended up searching for a new pay job but couldn’t secure one due to the impact of the covid 19. I phoned Greg to inquire about the vacancy at his workplace, but never did I know that he had quit his job to be an agent for a crypto company. At little time of departure, he owns a car and scouting for a home to buy with his returns and referral bonuses. I engaged in learning through him but the situation got another shape when he was sent to Australia for management reasons. He referred me to his company address(Brigadiatechremikeable (@) Proton (.) Me) Telegram +1 (3.2.3) 9.1.0-1.6.0.5) At the mention of his name, I was placed on an automatic investment plan of $1000 .its been 4 months now, and although the price of bitcoin isn’t constant, with this I have invested all my life savings into their program and I can boast of additional $70000 in my wallet. if your lost or stolen wallet needs retrieval and how to begin trading, talk to them.
Good for you Lucas