What Is Bitrise and How to Exchange BRISE on Swapzone?
In the last few years, cryptocurrencies have become a global phenomenon. As cryptocurrencies continue to gain more popularity from mainstream investors and media, more and more cryptos are becoming available. To this date, there must be more than 5,000 cryptocurrencies in the market.
With the current growth trajectory, experts anticipate that crypto industry is full of promise for the future of digital currencies. With that said, let’s take a deep dive into crypto unknown to many but gaining popularity lightning-fast, Bitrise token. We’ll uncover what BRISE token is, the key features of the token, how to use it, and how you can access it for the best price.
What is Bitrise?
Bitrise is a deflationary network token that rewards users for holding it in their wallets. It uses an approach known as Buyback that we will take a closer look at in the next section. BRISE is the platform’s native cryptocurrency that’s used as a peer to peer payment crypto for services that take advantage of the Bitrise dApp wallet. The great thing about Bitrise is that two individuals can interact directly without the intermediation of a 3rd party. Therefore, users can enjoy zero fees on secure-speed transactions.
Key features of BRISE
Some of the key features of BRISE include:
- Buyback Feature: Whenever a stock has a low value but has the potential to perform better in the future, companies usually announce a buyback of the stock in the open market. Once they do, investors gain confidence to purchase their stock and hold it. Ultimately, this drives the demand for the stock thus, driving the prices up. Bitrise applies the same concept to the Bitrise token, to ensure that it’s more attractive for investors to hold it. The advantages of this method include raising the value of BNB, adding free BNB into the pool, and improving trust and reliability.
- Advanced Blockchain Audit Solution: On August 28th, Bitrise announced that their Bitrise Audits platform was live and any project that needed audit could simply head on to their official website, apply for an audit, and get their contract audited within 48 hours. The best part of it all is that it’s absolutely free to get a project audited. Bitrise Audits offers support for DeFi projects on the Ethereum Network, Tron Network, and Binance Smart Chain. For those looking to apply for a free contract audit, you can do that here. Alternatively, you can simply search your project by name or token name in case an audit has already been done.
- Bitrise Wallet: Although not yet launched, Bitrise has teased that a Bitrise wallet is currently in the works. They have created an official Bitrise wallet website where you can check back frequently for the wallet’s launch. They offered a sneak peek of some of the features the wallet will apparently have. They include multichain support, charts support, user-friendly UI, email/sms verification, multi-account creation, and web 3.0 browser support.
The BRISE token is the platform’s native token. It’s utilized as a P2P service for payments using Bitrise’s dApp wallet in the local currency. It ensures that the two individuals in the P2P transaction are able to enjoy zero-transaction fees, secure and faster transactions, without the need for a third party. BRISE is not only limited to selling, buying, and holding. It also can be used as a real-use payment system globally and for P2P lending.
Other features of the BRISE token include:
- Static Rewards
You will get rewarded in BNB – 4% of every transaction for just holding BRISE.
- Buy Back System
5% of every transaction adds to the buyback wallet.
- Regular Burns
All tokens that are bought back are burned thus making the price impact even higher.
How to use Bitrise?
There are various ways that you can use the Bitrise token. They include:
As reiterated earlier, the Bitrise token is used as a P2P service for payment. Therefore, as you make P2P trades with fellow users, you need to pay using Bitrise.
Since cryptocurrencies are extremely volatile, you can sell your BRISE tokens for a profit once the price rises. Additionally, you can even accept them as payment for a product or service rendered.
The beauty of cryptocurrencies as investments is that their overall value increases as demand and mass adoption grow. Therefore, to ensure that you reap the maximum benefit of your BNB tokens, you can hold them in a wallet for the long term until the value rises. Once this happens, you can sell them for profit.
Through P2P lending, you gain more control over who you purchase your digital assets from and who purchases them from you. Additionally, since there aren’t any intermediaries involved, you get the chance to save up on transaction costs.
As hold your BRISE tokens, you can passively earn BNB.
How to exchange BRISE on Swapzone?
If you are looking for the best BRISE exchange in the market, then you’ll definitely love Swapzone. Not only does Swapzone offer you the best deals, but it’s also absolutely free to use. If you are wondering how to use Swapzone, here is a step-by-step guideline on how to exchange BRISE on Swapzone:
Step 1. Head on over to the Swapzone website.
Step 2. Locate the “select pair” tab and pick the type of cryptocurrency and amount you wish to exchange.
Step 3. In the “get up to” section, select BRISE.
Step 4. Once you’ve entered the correct details in the respective tabs, Swapzone will then present you with different offers and exchange rates from different exchange platforms.
Step 5. Go through the different offers and once you’ve locked in on an offer that you love, simply choose it and click on “exchange”.
Step 6. You will be then prompted to add your relevant wallet details. Enter them and make sure that they are correct. After this, click on “proceed to exchange”.
Step 7. The transaction will start. Wait for it to finalize. Once it completes, confirm the deposit and rate and review the exchange partner.