The Bitrise/BRISE token has been bullish over the past few months, even getting a 1000% increase. This is despite the ongoing bearish mood in the crypto market. In fact it became the top trending coin in USA according to the BitMart Research. “Is Bitrise a good investment”. Let us explore it in depth, whether the Bitrise token is actually worth investing into or is it just a fad. We will try and cover the good things and the things that can be improved in the Bitrise token.
Let us first map out the good things about Bitrise token.
Please note we will be using Bitrise and BRISE interchangeably as they refer to the same token of the Bitgert blockchain. In December of 2021 the name was changed from Bitrise to BRISE.BRISE and Bitrise
Table of Contents
Is Bitrise a Good Investment-Good things about Bitrise token
Bitrise token is the native token of the Bitgert Blockchain. Let us explore the good things about the Bitrise token.
If you want to get in-depth understanding of the blockchain technology, please refer to this detailed guide.What is a Blockchain?
Bitgert is designed to increase in value by applying regular buybacks and token burnings
One of the reasons why the Bitrise token is a good buy, is that it is designed or it is operated in such a way, that its value increases with time. The Bitrise or BRISE token undergoes regular and automated (Smart Contracts governed) buybacks and burns, which increases its scarcity and hence increasing its value.
You can understand it from the perspective of fiat money. Fiat money is printed more and more which causes a surplus hence decreasing its value (inflation).
On the contrary a scarcity is maintained for the Bitrise token (BRISE or Bitrise) by burns and buybacks at regular intervals.
The Buyback feature of the Bitgert blockchain works in the following manner. A 6% Buyback tax is levied on each transaction in the Bitgert blockchain. The Buyback fund hence accumulated is used to buy Bitrise/BRISE tokens sold which are then burnt, hence reducing the supply of tokens.
Crypto burning refers to the phenomena of permanently removing crypto tokens from circulation. This is done by sending the crypto tokens to a wallet address from where it cannot be retrieved. Read in detail.Crypto Burning
Crypto buyback refers to the phenomena where tokens are bought back by token issuers at regular intervals, consequently reducing the supply of the tokens in circulation. Hence the decrease in token supply can increase the price of the token. Generally in the crypto space this buyback is automated using a Smart Contract.Crypto Buyback
The underlying blockchain platform, i.e., Bitgert, is one of the fastest blockchain platforms till date with a potential of processing 100,000 transactions per second (TPS). This is way ahead than the incumbents.
Solana’s 65,000 TPS
Ethereum 20 TPS
Cardano’s 250 transactions per second
This is a major breakthrough in the crypto space. It will remarkably reduce the time taken for transactions to be executed in a blockchain.
Near Zero Gas Fee
A near zero Gas Fee is charged for running transactions in the Bitgert blockchain platform. This addresses one of the most pressing issues in the blockchain space for Dapp development, NFT creation, crypto transfers, etc. Owing to near zero Gas fee, we should be witnessing more and more blockchain projects on the Bitgert platform. Consequently the price of the Bitrise token will increase.
Launching Projects at a fast pace
The Bitgert team launched more than 5 products in the first 120 days only. It includes:
- Audit Solutions with Leaderboard Support: Bitgert Audit specializes in blockchain security, utilizing cutting-edge AI Technology & Manual code review by experts to secure smart contracts and blockchains.
- BRISE wallet: The Bitgert team of the Bitrise token has launched their wallet which supports BRC20/ERC20/BEP20 tokens. Bitrise/BRISE Dapp Wallet is multi-coin crypto wallet 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 multicoin support that enables you to purchase and swap thousands of coins and blockchain types; BRISE dApp Wallet is available for installation on iOS and Android mobile devices.
- BRISE staking: As mentioned you can stake your Bitrise tokens to earn BUSD rewards plus up to 80% APY.
- Metaverse: Bitgert is planning to enter the Metaverse industry.
- Web 3 Oracle: To connect blockchain to the outer world. Monitor blockchain data in Real-time.
- Decentralized Marketplace/Exchange: Peer to peer buying and selling of tokens by just connecting your wallet. No KYC required.
- Centralized Exchange: A beta version of a Centralized Exchange has been released. The Centralized Exchange Mainnet is planned to be launched in April-July 2022 period.
- PayBRISE: A Decentralized payment application (Dapp) to accept payments in BRISE/Bitrise token.
- Web3 Geo Datamap: Provides the Dapps to enable a crowdsourced map and decentralized location services.
- Decentralized VPN: which allows the users to connect nodes surf with 100% privacy and safety.
Most of the Dapps developed till now are made to run on the EVM platform. Since Bitgert is EVM compatible, it means that all these Dapps and Smart Contracts which run on the EVM can also be ported to the Bitgert blockchain.
This makes it easy for the developers community to adopt the Bitgert blockchain platform for development of Dapps and Smart Contracts.
Recent major developments
Bitgert has launched the beta version of its Centralized Exchange. Its own blockchain (mainnet) has gone live and it has tied up with major players like Knit Finance (cross-chain wrapped assets), Sphynx Labs (all-in-one solution for trading, farming, staking and holding) and Omniaverse (monuments in the metaverse), 4D Twin Maps (georeferenced digital twin data) and Innovativ Plastics (recycling).
Is Bitrise a Good Investment-Things to ponder before investing in Bitrise token
Bitrise is still at its early stages. Due to the low market capitalization, BRISE price can be easily manipulated. People are also skeptical for its legitimacy. As per me, one of the primary reasons for this is that the team behind the Bitrise/BRISE is not fully known to the public. Bitgert has a some catching to do in terms of features (like NFT, Metaverse compatibility, easy buy, sell, swap) in order to beat its competitor coins.
What is the future of Bitrise token?
Bitrise (BRISE) is the native token of the blockchain platform-Bitgert. As per my understanding and past lookouts in the crypto space, Bitgert and consecutively the BRISE token has a bright future ahead with the price of BRISE token to surge further ahead.
This is because of the projects appended to the BRISE token. The Bitgert blockchain is one of the fastest blockchain platforms (with a speed of over 100,000 lac TPS) and having a negligible Gas fee. Hence, owing to the high speed and lower fees, it is expected that more and more blockchain developers will adopt this platform.
A complete roadmap of Bitgert can be found here.
Is Bitrise token legitimate?
Yes. I believe Bitrise is a legit project. Bitrise (BRISE) is the native token of the Bitgert blockchain. Bitgert Blockchain was launched in December 2021 by Bitgert a crypto Engineering firm. The BRISE Dapp wallet was released on 28th October 2021, while the BRISE Staking platform was launched on 7th December 2021.
As said, the Bitgert team is launching potential projects, be it the BRISE wallet, BRISE staking platform, BRISE Audit Solutions. They have a chain of upcoming projects which include the launch of a Decentralized Marketplace and a Centralized Exchange. It also includes a BRISE decentralized payment solution.
People can earn BUSD by staking Bitrise/BRISE token.
When did Bitrise launch?
Bitrise/BRISE price prediction 2022-2030
Algorithmic forecasting services Wallet Investor calls Bitgert “an awesome long-term investment”. According to Wallet Investor the token can trade at $0.000000897 in 2023 and $0.000002 by 2027.
DigitalCoinPrice predicts a similar bullish token price for Bitrise. The coin can average $0.00000124 in 2022, $0.00000186 in 2025 and $0.0000043 in 2030
Is Bitrise/BRISE a good investment?
According to algorithmic forecasting services like WalletInvestor and DigitalCoinPrice, Bitrise is an awesome investment for long term.
Also, the team has launched multiple projects (wallet, staking, blockchain, etc.) and has many in the pipeline like an Exchange, Metaverse, BRISE payment solution.
Add to it the Buyback and burning policies adopted by the team which created scarcity and hence aims at increasing the price of Bitrise. Above all Bitgert is one of the fastest blockchain platforms till now with block time of 15 seconds (1 lac TPS) and a near zero Gas fee.
Is Bitgert cryptocurrency is a better investment than Bitcoin?
The Bitgert blockchain boasts features that are the best in the crypto space till now. Take for example, its speed of processing transactions (100,000 Transactions per second) which is the second best in the industry only after TechPay Chain (300,000 Transactions per second). Besides it offers a near zero Gas fee for transactions and Smart Contracts development. It also offers a deflationary system by offering regular and automated buybacks and burnings of crypto which makes the BRISE token more scarce.
But is it a better investment than Bitcoin? Depends on your goals and risk taking appetite. If you are not ready for high risks, Bitcoin is a better option for you. See, Bitgert is still new in the scene. It has to pass a series of tests (adoption and trust by users and developers, security, ease of trading, law, etc.) before it becomes stable. Bitcoin has somewhat given these tests and now is the number one cryptocurrency is terms of volume traded and market capitalization. Hence, compared to BRISE, Bitcoin is less volatile and hence much safer.
However, if you have are young and have a risk taking appetite, Bitgert is one of the best investments which can give returns even like a 1000% in the near future.
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 the 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 in 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.
This guide is not an investment advice. It is my personal opinion. Please undergo proper research before investing in cryptocurrencies.Disclaimer
If you are a serious investor in cryptocurrency space and and want to HODL (Hold) them for long, use a hardware wallet like Ledger or Trezor. These wallets store your cryptocurrencies (keys to cryptocurrencies) in an offline environment which is therefore cannot be the victim of an online hack or malware practice.Word of Advice