Bitrise is a hyper-deflationary payment network token with DeFi tokenomics. The token compensates investors for keeping BNB tokens while also including the Buyback strategy to limit tokens in circulation.
Every transaction is subject to a 12% tax. Every 5% of the transaction charge is spent on buyback. It is kept in the Buyback contract, which purchases tokens from the liquidity pool automatically.
It is worth noting that Bitrise is the first cryptocurrency to feature automatic Buyback with a real-world payment system use case. This means that no one person can influence the number of tokens in circulation.
As a reward, 4% of the collected tax is awarded to all token holders in the form of BNB, which is automatically delivered into investors' wallets every 60 minutes. As a result, Bitrise token rewards ensure a consistent passive income that is generated every hour hmm something like a job pr gig. The remaining 3% is used to promote the token. Consider Bitrise Audit, which offers free audits of blockchain and smart contract projects.
Another forthcoming product that is increasing the token value is the BitRise Payment system. The payment method makes use of the BitRise dApp Wallet, which has previously been developed and is available in Beta 2 form. BitRise Token is not only for purchasing, selling, and hodl, but it also has a real use case of payment system utility globally and P2P lending. Additionally, the team is creating Bitrise Exchange.