Your current SafeMoon net value will remain exactly the same. Reduced supply makes it more appealing for larger investors.Better pairing with other crypto (e.g.Bringing new utility features like reducing the tax from 10% to 2% for example ecommerce or wallet to wallet transfer.Security upgrades and improvements on the contract.Note that these are not the official answers provided by the safemoon team but should be fairly on point.ġ) Why does SafeMoon migrate from V1 to V2? The exchange will make it possible for users to swap Safemoon to Bitrise, which will make it easy for Safemoon users to join Bitrise.Here is an answer to the most frequently asked questions with regards to the V2 migration.
With Bitrise available on the Bitmart exchange, competition with Safemoon will become tougher. The Bitrise crypto team will be way ahead of the Safemoon team in delivering their roadmap. On rewards, Safemoon is not sending reflections to token holder's wallets automatically like Bitrise. Safemoon also automatically buys back but burns manually. The value of BRISE is increasing at a higher rate than the Safemoon token because of the automated buyback and burning of liquidity pool tokens. Safemoon is yet to announce token staking on its ecosystem. This is an income that will even attract Safemoon users. With the staking launch, more Safemoon members will join.īitrise will be sharing 80% APY of all revenues generated from utility products on the ecosystem. This will be a huge opportunity even for the Safemoon community members. Being on an exchange means now traders can swap from Safemoon tokens to Bitrise tokens with ease.Īfter joining the Bitmart exchange, Bitrise will be taking competition a notch higher against Safemoon with the launch of the staking process. Both Safemoon and Bitrise are developing similar products. With Bitrise joining Bitmart exchange, it will be competing with Safemoon. With more Bitcoin available, more Safemoon members could join Bitrise. The coin recently reported receiving new members from Safemoon. This is one of the biggest exchanges, and with Bitrise joining, the coin will be more available to the Safemoon community. Unlike Safemoon, Bitrise already has three products, and in November, the team is launching its revenue sharing staking program.īitrise has now taken its competition with Safemoon to the next level after joining Bitmart Exchange. Safemoon has developed only one product since March. So far, not much has been said about the Safemoon exchange. Such fast accomplishments are making Bitrise coin a tough Safemoon competitor.īitrise is now in the process of developing its exchange. Safemoon has the mobile wallet out, but it took them a long time.
Bitrise dApp wallet was launched on 28 th October, two months after the token launch.
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Safemoon is not offering free audit tools. They are free auditing programs for smart contacts and blockchains. The Bitrise team has already launched Bitrise Audits and Techrate Audit just a month after the coin launch. What makes Bitrise different from Safemoon? Bitrise is also developing a wallet, exchange, Audit tools, buyback protocol, and also blockchain. From the roadmap, Safemoon is developing a Safemoon mobile wallet, Safemoon exchange, Safemoonhard-wallet and a Safemoon V2 (Safemoon protocol contract). Just like Safemoon, Bitrise coin is planning to provide users with a wide range of products on its platform. But the team has delivered more than Safemoon so far. Bitrise platform is looking to decentralise the financial system just like Safemoon. The Native token is $BRISE and was launched on 28 th July 2021, almost five months after Safemoon. Like Safemoon, Bitrise is developing a DeFi protocol on the Binance Smart Chain. The coin recently joined Bitmart Exchange. To view an enhanced version of this graphic, please visit:īitrise, a coin that is growing at a very fast rate and is quickly becoming a tough Safemoon competitor.
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