After Bitcoin plummeted by 20%, the Dogecoin community also joined Bitrise By CoinQuora

© Reuters The Dogecoin community also joined Bitrise after Bitcoin plummeted by 20%

It has been one of the most successful meme coins in 2021. Ranked 11th in terms of market capitalization, at the time of writing, the coin has successfully created a huge crypto community. In the past few days, members of the Dogecoin community have joined other cryptocurrencies.

  • Very attractive token investor reward.
  • Innovation and investor rewards token economics.
  • One of the powerful DeFi projects.

Among the cryptocurrencies that attract Dogecoin investors, Bitrise is a currency that excites the cryptocurrency community. The number of Dogecoin members who joined the token has increased significantly, especially after the 20% plunge. This is because Bitrise is one of the tokens less affected by price shocks.

In addition to Bitcoin’s plunge, there is more content about the Bitrise coin, which has led the Dogecoin community to join the coin in large numbers. Bitrise is rated as one of the strongest crypto projects on the market. The team is developing the DeFi protocol on the Binance Smart Chain. In the past four months, the team has achieved so much for the coin launched on July 28, 2021. These achievements have attracted the attention of the Dogecoin community.

In just three months of launch, the team developed Bitrise Audits, Techrate Audit and dApp wallets as products running on the Bitrise ecosystem. The most recent news is that the exchange will be launched in the first quarter of 2022. The rapid development of the Bitrise project has attracted many cryptocurrency investors, not just Dogecoin holders.

But the gratifying return from investing in the $BRISE token is one of the reasons for the recent collapse of the Dogecoin community. Bitrise has one of the most innovative and rewarding token economics for investors. As a hyper-deflationary token, the platform uses a contract to automatically purchase tokens from the liquidity pool and destroy them immediately.

Every 5% of the 12% of all transactions on the Bitrise ecosystem is sent directly to the repurchase contract. The process of repurchase and destruction creates a scarcity of tokens, thereby increasing the demand and price of tokens. This is how Dogecoin members earn money from owning tokens.

Dogecoin investors are also concerned about redistributing the 4% tax to all token holders as a reward for holding tokens. The reward is automatically sent to the holder’s wallet in BNB every 60 minutes. Holders of Dogecoin who join this coin want to enjoy this static income.

Obviously, the upcoming Bitrise token Staking has attracted many people, and Dogecoin members are part of them. The mortgage is about to be launched, and Dogecoin members hope to receive a portion of the 80% APY income shared between the mortgage tokens. With multiple products on the Bitrise ecosystem, pledge investors will get good passive income from pledged tokens.

These are just some of the reasons why the number of Dogecoin holders who join Bitrise Coins is increasing every day. Follow Bitrise social media platform for the latest updates!

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