What Is Bitgert (BRISE)?

What is Bitgert?

Bitgert, initially known as Bitrise, is a revolutionary entity in the world of crypto, focusing on providing blockchain-audit services and products on a global scale. Operating with its native cryptocurrency, BRISE, which adheres to the BRC-20 token standard, Bitgert serves as a key currency within its ecosystem, allowing for transactions and staking to earn BUSD rewards.

The Bitgert ecosystem boasts an impressive one trillion Bitgert tokens in total supply, all minted at the project's start. The allocation of these tokens was carefully planned: 50% for initial burn, 38% allocated to liquidity, 7% earmarked for project development, and the remaining 5% for the development team.

Originally debuting on the Binance Smart Chain in July 2021 as Bitrise, the project underwent a rebranding phase in December 2021, emerging as Bitgert. This transition, however, did not alter the fundamental aspects of the token or its ticker, as it continued to thrive on the BSC platform.

A significant milestone for Bitgert was the introduction of its proprietary blockchain network, the Brise Chain, in February 2022. This network, characterized by its "proof of authority" (PoA) consensus mechanism, stands out with its remarkable capability of handling up to 100,000 transactions per second. This feature places it alongside some of the fastest blockchains in the sector, rivalling even the likes of Aptos with its 160,000 TPS capability.

Although Bitgert promotes itself as a “zero gas fee” chain, in reality, there are some, albeit tiny, transaction fees involved in using the blockchain. Typical gas fees on Bitgert Chain are small fractions of a cent. Additionally, the integration with the Ethereum Virtual Machine (EVM) enhances the platform's appeal, facilitating easy project transitions from Ethereum or other EVM-compatible chains. The Bitgert blockchain has a remarkable track record, having processed over 4 million transactions and garnered a substantial user base of 350,000 since its introduction.

How Does Bitgert Work?

Bitgert is powered by its unique BRISE Chain, utilizing a proof-of-authority (PoA) structure that ensures swift block processing and manageable transaction fees. A standout feature of Bitgert is its compatibility with the Ethereum Virtual Machine (EVM), which is vital for supporting smart contracts and enhancing the blockchain's functionality.

With its EVM-friendly architecture, Bitgert seamlessly integrates existing Ethereum tools and decentralized applications (dApps), making it easier for developers from the Ethereum community to adapt and migrate. The Bitgert ecosystem is enriched with several key offerings, including the DeFi protocol Knit Finance, the Miidas NFT Marketplace for non-fungible tokens, and the SPYNX Labs decentralized exchange.

The ecosystem’s lifeblood is its native token, BRISE, which operates on smart contracts. This token is versatile, allowing for exchanges with Ethereum's ERC-20 and Binance's BEP-20 tokens. Within the Bitgert ecosystem, BRISE serves multiple roles. It is the medium for paying gas fees for smart contract executions, enabling staking, supporting peer-to-peer payment transactions, and accumulating network transaction fees. This multi-purpose utility of BRISE cements its importance in the Bitgert ecosystem, creating a robust and multifaceted environment for crypto activities.

Bitgert Price History

Since its inception on July 28, 2021, Bitgert has made a significant impact in the decentralized finance (DeFi) sphere. Its native crypto token, BRISE, initially priced at $0.000000000001, quickly caught the attention of investors. The project distinguished itself through its unique tokenomics and an emphasis on rewarding its users. Following its launch, Bitgert rapidly expanded its offerings, introducing Bitgert Audits, the Bitgert Swap feature, and the BRISE wallet.

BRISE experienced an upward trajectory, breaking past its starting price on September 13, 2021, when it hit $0.000000003391. It reached a peak of $0.0000006287 in November before closing the year at $0.0000003399. The year 2022 brought a rollercoaster of values for BRISE. It soared to $0.0000005816 in January, then fell to $0.0000001886 by February, and achieved an all-time high of $0.000001605 on March 6th. After this peak, it saw a decline to $0.0000002884 by mid-June. The token managed a partial recovery towards the end of the year, ending at $0.0000003017. Currently, BRISE is trading around $0.00000032, which is in the vicinity of its end-of-year value from the previous year but still remains about half of its peak value achieved earlier in 2022.

What is Bitgert Used For?

Bitgert (BRISE), having its origins on the BNB Chain and later undergoing a rebranding while maintaining its token consistency, stands as a versatile cryptocurrency platform. It's tailored for fostering an economical and scalable environment suitable for diverse projects including NFTs, the metaverse, Web3, and DeFi initiatives.

In a significant development in February 2022, Bitgert launched its proprietary blockchain, the Bitgert Chain or Brise Chain. This chain is renowned for its zero gas fees and an impressive capability of handling up to 100,000 transactions per second, positioning it among the speediest blockchains in the crypto realm.

Prominent Features of Bitgert:

Decentralized Exchange (DEX) Usage: Bitgert is leveraged as a trading pair on various DEXs, allowing for efficient cryptocurrency trades at minimal fees. Thanks to the brisk block times and swift transaction processing on the BRISE Chain, users experience enhanced trading dynamics.
Token Creation and Capital Generation: The Bitgert Startup Studio empowers developers and entrepreneurs to launch their own tokens on the BRISE Chain, facilitating both private and public token sales. This feature not only aids in funding innovative projects but also provides essential marketing and technical backing for their successful initiation.
Peer-to-Peer Payment System: Central to Bitgert's utility is the BRISE Coin, its native cryptocurrency, which streamlines peer-to-peer transactions within the BRISE dApp wallet. This feature revolutionizes the transfer process, allowing for direct, low-cost, and efficient transactions, making it an indispensable asset for varied crypto applications.

What Drives the Price of Bitgert?

Several pivotal elements within its blockchain framework significantly influence the price of Bitgert (BRISE), a key player in the crypto arena:

Proof-of-Authority (PoA) Consensus: Central to the Bitgert Chain's efficiency is the PoA consensus model. This structure is instrumental in reducing block times and transaction costs, thereby fostering a more effective and dependable network. Such efficiency is a magnet for users engaging in transactions and utilizing decentralized applications (dApps).

Smart Contract Capabilities: Bitgert's BRISE Chain enhances its utility by supporting smart contracts. Its compatibility with the Ethereum Virtual Machine (EVM) broadens its scope, enabling seamless integration with Ethereum-based applications. This feature expands Bitgert's reach, making it an attractive platform for developers.

Bitgert Startup Studio: A cornerstone in driving Bitgert's market value, the Startup Studio aids developers and entrepreneurs in debuting their ventures on the BRISE Chain. It offers a supportive environment for cryptocurrency issuance, token sales, and delivers pivotal marketing and technical assistance, fostering innovation within the Bitgert ecosystem.

Tokenomics: Bitgert's strategic buyback and burn policy enhances its token's appeal. Transactions on the network entail a 5% buyback tax, part of which is allocated for repurchasing and subsequently burning BRISE tokens from the liquidity pool. This mechanism helps reduce the overall supply of BRISE, potentially boosting its scarcity and value.

These key factors collectively steer the price trajectory of BRISE, shaping its market appeal and investment prospects. The interplay of technical capabilities, ecosystem growth, and thoughtful tokenomics is crucial in defining Bitgert's standing in the dynamic world of cryptocurrency.

Is Bitgert a Scam?

Bitgert, with its bold claims of ultra-low fees and high transaction speeds (up to 100,000 TPS), has been engulfed in controversy and skepticism. Analysts and crypto enthusiasts question why such an advanced blockchain isn't more prominent in the crypto sphere.

The project asserts it has resolved the blockchain trilemma, claiming to balance scalability, decentralization, and security. Yet, there's a notable lack of solid evidence to back this claim, raising doubts about the blockchain's decentralization and security aspects.

Another concern is the anonymity surrounding Bitgert's founders. Over a year post-launch, their identities remain a mystery. Initial team mentions on the Bitgert website, which later disappeared, were based on unverified identities, intensifying the mystery.

The project's self-conducted audits, wherein the Bitgert team awarded themselves a high security rating, have also drawn criticism. This self-evaluation process lacks the credibility that comes from external validation and transparency.

Furthermore, the Bitgert whitepaper has been criticized for its ambiguous content and grammatical inaccuracies, failing to elucidate clear project specifics. Unspecified charitable donation announcements by the project have compounded the doubts about its legitimacy.

Concerns extend to the role and utilization of Bitgert's native token, BRISE. Many of Bitgert's promoted services, such as staking and token swaps, seem to rely on the BNB blockchain, questioning the actual use of the Bitgert Chain and BRISE. These inconsistencies have fueled skepticism regarding the project's true purpose and validity.

Anonymity of Founders: The identities of Bitgert’s founders are still shrouded in mystery, more than a year after the project's launch. There's speculation about artificial intelligence being used to create false founder identities. This suspicion is further amplified by the removal of the "Our Team" page from their website.
In-House Audits: The platform's self-conducted audits, which resulted in a high security score of 98%, lack external validation. This absence of third-party auditing leads to questions about the transparency and security of Bitgert.
Ambiguous Charitable Efforts: Bitgert’s announcements about its involvement in charity are vague, with no specific details about the charities or the nature of the contributions, leading to doubts about the genuineness of these claims.
Uncertainty in Blockchain and Token Usage: There's ambiguity surrounding how much of Bitgert's blockchain and its native token, BRISE, are actually being used. Notably, a significant portion of its advertised services, such as staking and token swaps, seem to be dependent on the BNB blockchain, which brings into question the real application of Bitgert's own chain and token.

What are the Main Features of Bitgert?

Bitgert distinguishes itself in the crypto world with a suite of notable features:

Ethereum Virtual Machine Compatibility: Bitgert seamlessly integrates with the Ethereum Virtual Machine, allowing for easy migration and integration of Ethereum-based applications into its ecosystem.
Minimal Transaction Fees: The platform is renowned for its almost negligible gas fees, significantly reducing transaction costs for its users.
Proof-of-Authority (PoA) Consensus: Bitgert’s blockchain is based on a PoA consensus mechanism, which significantly boosts its transaction processing speed and overall efficiency.
Buyback and Burn Strategy: A unique aspect of Bitgert is its buyback and burn mechanism. This involves using a part of the transaction fees to buy back BRISE tokens and then burning them, aimed at maintaining the token’s price stability.
Diverse Ecosystem: The platform encompasses the BRISE dApp Wallet for secure storage and exchange of crypto assets, BRISE Staking for earning rewards in BUSD, Bitgert Audit Solutions for thorough project audits, Bitgert Bridge facilitating asset transfers, and BRISE Swap for efficient token exchanges.
Allocation for Staking and Marketing: Transaction fees are also channeled towards staking rewards and marketing initiatives, fostering the growth and expansion of the Bitgert ecosystem.

Together, these attributes position Bitgert as a dynamic and user-centric platform in the crypto industry, addressing a broad spectrum of blockchain and crypto needs.