Bitgert (BRISE) is a crypto engineering initiative introduced in July 2021, focusing on blockchain solutions and centralized exchange platforms. Initially constructed on the BNB Chain, it used BNB, its native token, for reward payments. However, one of Bitgert's most notable advancements came in 2022 with the launch of the BRC20 blockchain, which features extremely low gas fees and rapid cross-chain transactions. Specifically, the gas fee stands at $0.0000000000001 per transaction, and it supports a throughput of up to 100,000 transactions per second (TPS).
Bitgert's product lineup includes Bitgert Blockchain, Bitgert Exchange, Paybrise, Real Estate Marketplace, Decentralized Marketplace, BRISE Staking, and BRISE Swap.
Bitgert serves as an alternative to the well-known DEX platform, PancakeSwap.
BRISE is the native token of Bitgert, offering investors the ability to stake and earn rewards in BUSD, but exclusively on the BSC network.
On the BSC Chain, smart contracts incorporate a buyback mechanism. Specifically, Bitgert allocates 5% of every transaction fee for buybacks, 3% for marketing, and 4% for staking rewards. The team explains that the buyback strategy is designed to support the BRISE token's value, making it a deflationary asset.
On the ETH Network, smart contracts have no tax fees.
BRISE aims to become a global payment system and is utilized as a peer-to-peer (P2P) service in the BRISE dApp Wallet. This allows buyers and sellers to transact directly, bypassing third parties, with transactions being fast, secure, and fee-free.
Who Are the Founders of Bitgert?
The Bitgert project commenced in the summer of 2021, officially launching in July, as stated in its whitepaper. The development team has remained anonymous throughout, but they have plans to disclose their identities when the time is right. Although no specific dates have been announced, revealing the team is expected to enhance the project's reputation and potentially boost the BRISE token's price by fostering trust within the crypto community and attracting more investor interest. Additionally, the team plans to register Bitgert as a legal entity, likely in the Cayman Islands, before the exchange launch.
What Makes Bitgert Unique?
Bitgert (BRISE) employs a DeFi protocol and operates on the BNB Chain. Its rapidly expanding ecosystem encompasses areas like DeFi, NFT, Web 3.0, and the Metaverse.
Within the Bitgert ecosystem, several products are introduced:
The Bitgert Chain is an EVM-compatible blockchain that offers transaction fees as low as $0.00000001.
The BRISE dApp Wallet supports BRC20, ERC20, and BEP20 tokens and is available for Android and iOS. This multi-currency crypto wallet allows users to send, receive, store, and swap various crypto assets securely.
BRISE Swap is a decentralized exchange (DEX) on the BNB Chain, offering fast and inexpensive transactions. It positions itself as an alternative to PancakeSwap, a decentralized exchange for swapping BEP20 tokens on the BNB Chain.
BRISE Staking allows holders to stake their tokens and earn rewards in BUSD.
Audit Solutions with Leaderboard Support ensures blockchain security. Bitgert Audit utilizes advanced AI technology and manual code review to safeguard smart contracts.
The Bitgert Bridge is under development and will eventually facilitate asset transfers from the BNB Chain to the Bitgert Chain.
How Many Bitgert (BRISE) Coins Are There in Circulation?
The BRISE token acts as a facilitator within a peer-to-peer (P2P) service for payments in local currency, using the BRISE Wallet dApp. This setup allows for quick and secure transactions without fees, enabling direct cooperation between buyers and sellers without intermediaries.
The token incorporates a buyback mechanism. Here's how it works: a 5% buyback tax is applied to each transaction and stored within a smart contract. When a sale occurs, a portion of the tax is used to automatically purchase tokens from the liquidity pool, which are then immediately burned. This process can lead to price increases (as buying from the liquidity pool adds new BNB tokens and reduces the number of BRISE tokens), generate free BNB tokens, and enhance investor confidence and trust.
Furthermore, Bitgert distributes a 4% commission on every transaction in BUSD tokens to its investors, proportional to their stake. The total network commission stands at 12%.
The initial supply of BRISE tokens, totaling 1,000,000,000,000,000 coins, was minted at launch. Distribution includes 50% for initial burn, 38% for liquidity, 7% for future development and marketing, and 5% for the development team.
How Is the Bitgert Network Secured?
The BRISE Chain relies on a proof-of-staked-authority consensus mechanism for security. Audit Solutions with Leaderboard Support is responsible for maintaining the Bitgert network's security. The platform offers free auditing services to protect both smart contracts and blockchains. The latest Bitgert Audit was released in August 2021.
Where Can You Buy Bitgert (BRISE)?
As of April 2022, BRISE tokens are available for purchase on several platforms, including Gate.io, PancakeSwap (V2), MEXC, Hotbit, and other centralized and decentralized exchanges.
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