What is BRISE Token? The following is the explanation
2024-07-09Bittime - This article will thoroughly examine the BRISE Token, starting from an in-depth understanding, uses, to token distribution.
What is Bitgert?
Bitgert is a blockchain-based crypto asset, founded with the mission of delivering cutting-edge audit solutions and blockchain products globally.
Built on the solid foundation of Binance Smart Chain (BSC), Bitgert offers a variety of innovative services designed to meet the needs of the growing blockchain industry.
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What is BRISE Token?
BRISE is the native token that powers the BRISE Chain and Bitgert ecosystem. The token operates based on sophisticated smart contracts, enabling seamless exchange and trading with Ethereum-based ERC-20 and Binance-based BEP-20 tokens.
These interoperability capabilities open up broad collaboration and integration opportunities, strengthening BRISE's value and utility in the dynamic blockchain landscape.
What the Function of Bitgert (BRISE)?
Bitgert Coin (BRISE) has various important functions in the Bitgert ecosystem, including:
- Paying gas fees: BRISE is used to pay transaction fees (gas fees) when running smart contracts on the Bitgert blockchain. These fees are required to compensate validators who process and validate transactions.
- Staking: BRISE can be staked to earn rewards in the form of additional BRISE coins. BRISE staking helps improve network security and supports its decentralization.
- Peer-to-peer payment service: BRISE can be used to make peer-to-peer payments directly between users. This allows transactions that are fast, cheap, and without intermediaries.
- Collecting network transaction fees: A portion of Bitgert network transaction fees is allocated to BRISE holders. This provides an incentive for users to continue holding and using BRISE.
Overall, BRISE is a utility coin that plays an important role in various functions in the Bitgert ecosystem.
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What Are Bitgert's (BRISE) Achievements?
One of Bitgert's major achievements is the development of Brise Chain, a revolutionary blockchain known for its incredible speed.
Brise Chain is able to process transactions very quickly, surpassing traditional blockchains and providing a much smoother user experience.
Bitgert Token Distribution (BRISE)
Bitgert (BRISE) has a structured token allocation scheme to ensure project sustainability and growth. Following are the distribution details:
Initial Burn (50%): Half of the total token supply is allocated to be burned permanently. This aims to reduce the number of tokens in circulation, increase the token value, and attract investors.
Liquidity (38%): A significant portion is allocated to providing liquidity on cryptocurrency exchanges. This will make it easier for investors to buy and sell BRISE easily, encourage trading activity and increase price stability.
Future Development & Marketing (7%): These funds are allocated to support future project development and marketing initiatives. This includes research and development of new technologies, expanding community reach, and attracting new users.
Development Team (5%): A small portion of tokens is allocated to the development team as compensation for their hard work and dedication in building and maintaining the Bitgert project.
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To be able to buy crypto assets at over, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
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Disclaimer: The views expressed belong exclusively to the author and do not reflect the views of this platform. This platform and its affiliates disclaim any responsibility for the accuracy or suitability of the information provided. It is for informational purposes only and not intended as financial or investment advice.