Register to get $180 Welcome Bonus!
What is Bitgert?
The Bitgert token ecosystem primarily operates on the BSC network and has innovated its own blockchain. This Bitgert blockchain boasts an impressive capability, being able to handle over 100,000 transactions every second without incurring transaction fees.
According to the latest Bitgert coin news, the blockchain has already processed over four million transactions, amassing a user base of 350,000 since its debut. Initially launched in July 2021 as an app on the BSC network and known as Bitrise, the project's native token was then called BRISE.
This initial phase saw Bitrise evolve into Bitgert in 2021. This rebranding maintained the token and its ticker intact, with the platform continuing its operations on the BSC.
In a significant move, Bitgert introduced its blockchain network in February 2022, featuring an innovative PoA (Proof of Authority) validation mechanism. Commonly referred to as Brise Chain, this network underscores Bitgert’s commitment to zero gas fees and a capacity for processing 100,000 transactions every second.
If these claims hold true, the Bitgert blockchain could rank as one of the fastest, trailing only behind Aptos, which facilitates 160,000 transactions per second.
Despite Bitgert’s assertions of being a 'zero gas fee' chain, nominal transaction fees still apply. These fees, also known as gas fees, are typically a fraction of a cent per transaction and are usually paid in the BRISE token.
What Is BRISE?
BRISE, the cornerstone of the Bitgert Chain, started as a token on BSC when Bitgert (formerly Bitrise) was merely a blockchain application. Even though the project maintains a BSC token address for BRISE, the launch of Bitgert's blockchain saw the birth of BRISE as its native cryptocurrency.
A key initiative by Bitgert involves a buyback scheme, in which BSC-based BRISE tokens are reacquired and eventually burned. The plan seems to gradually phase out the BSC-based BRISE in favor of the native Bitgert Chain BRISE.
BRISE’s utility spans across staking and covering the minimal gas fees of Bitgert. It’s also integral to DApps connected to the platform, like Bitgert’s DEX where BRISE can be swapped for other assets.
BRISE staking is possible through both BNB Chain and Bitgert Chain, and stakers receive BUSD rewards in return. Staking durations include 30, 60, 90, and 180 days, with longer staking yielding higher APY rates. Interestingly, there are no minimum staking requirements, enabling staking with even small amounts.
BRISE’s max supply is a staggering 1 quadrillion, and as of November 24, 2022, its value stood at $0.00000032 per unit, translating to a market cap of approximately $127.86 million.
The supply distribution of BRISE, as outlined by the Bitgert team, includes:
- 50% — Initial Burn
- 38% — Liquidity
- 7% — Future Development and Marketing
- 5% — Developer Team
Bitgert Key Features
Since evolving into a full-fledged blockchain, Bitgert has introduced several features, services, and applications to enhance its functionality. A notable addition is the Bitgert Startup Studio, aimed at supporting budding crypto ventures to secure investor funding through token sales backed by smart contracts on Bitgert.
The Bitgert DEX facilitates token exchanges, supporting a variety of cryptocurrencies including BRISE, BNB, and eight other tokens from the BNB Chain.
While Bitgert Chain is still in its nascent stages with a basic ecosystem, efforts are underway to connect it to larger blockchain networks. Until the Bitgert team finalizes their proprietary bridging application, they recommend users to use existing third-party bridges like Multichain Bridge, IcecreamSwap Bridge, and Sphynx Bridge for BRISE transactions.
Bitgert (BRISE) Price Prediction
BRISE, Bitgert’s native token, debuted in July 2021 at approximately $0.000000008. Its price remained relatively stable until October 2021, when it began to surge, reaching a peak of $0.00000184 in early March 2022. This rise coincided with Bitgert announcing its own blockchain and coin in February 2022. However, Bitgert Chain’s BRISE coin is yet to be listed on major price tracking websites.
By mid-June 2022, BRISE's value dipped to $0.00000029, stabilizing until August. The six-month anniversary of Bitgert’s blockchain coincided with increasing public scrutiny over various controversies associated with the project.
In response to its growing notoriety, Bitgert intensified its marketing efforts, which seemed to positively influence BRISE’s price, driving it to $0.0000012 by August end. However, this uptick was short-lived, and by December 10, 2023, BRISE was trading down again at $0.00000025.
Is Bitgert A Scam?
The Bitgert project has attracted controversy and speculation, especially regarding the anonymity of its founders, the self-conducted audits, its claims of decentralization, and charitable promises. Its claims of near-zero fees and 100,000 transactions per second have raised skepticism among experts and investors.
Bitgert asserts it has resolved the blockchain trilemma of balancing scalability, decentralization, and security, yet there is a lack of concrete evidence to support these claims. The anonymity of its founders, coupled with self-conducted audits and vague project details, add to the project's questionable credibility.
Furthermore, Bitgert’s claim of donating to an undisclosed charity and the ambiguity surrounding the actual utilization of its blockchain and native coin BRISE have heightened investor concerns. The recent inactivity on the project’s social media channels, followed by a post claiming a significant holding of the team's tokens, adds to the mixed signals surrounding the project’s legitimacy.
Is Bitgert a Good Investment?
Evaluating the investment potential of Bitgert or its Bitgert coins (BRISE) is challenging. BRISE's low price, recorded at $0.0000002781 in May, contrasts with its vast maximum supply of a quadrillion tokens and a diluted market valuation of $380 million.
For the BRISE token to double in value, the project's market valuation would need to surge by $380 million. Notably, BRISE has previously reached an all-time high of around $0.00000184, suggesting potential for future gains. Bitgert’s aggressive marketing strategies have been effective in attracting investors with its ambitious claims and low token price.
However, for a project with uncertain legitimacy and a limited user base, significant increases in value remain unlikely, at least in the short-term.
How to Identify A Crypto Scam?
Identifying cryptocurrency scams involves understanding key indicators. Legitimate cryptocurrencies have accessible disclosures and detailed information about their blockchain and tokens.
Read the Crypto White Paper
Cryptocurrencies begin with a development process, typically documented in a white paper. A credible white paper clearly details the project's protocols, blockchain, formulae, and operational mechanics. In contrast, fraudulent cryptocurrencies often have poorly constructed white papers with inconsistent figures and lack a clear usage plan for raised funds.
Identify Team Members
Whitepapers should highlight the project’s team and developers. While open-source crypto projects may not always have named developers, their coding and discussions are often visible on platforms like GitHub or GitLab, and communication may occur on forums or apps like Discord. Absence of these elements, coupled with a white paper filled with errors, is a red flag.
Beware of ‘Free’ Items
Many crypto scams lure investors with offers of free coins or promises of coin drops. It's crucial to remember that genuine opportunities rarely involve free financial assets.
Scrutinize the Marketing
Legitimate cryptocurrency projects focus on their purpose and utility rather than profit-making. They avoid excessive social media promotion and self-hype, instead emphasizing the functional aspects of their blockchain and tokens.
Final Thoughts
If Bitgert is legitimate, its claimed near-zero transaction fees and high transaction processing speed (TPS) could pose a challenge to leading blockchains. However, the surrounding controversies and suspicions cannot be overlooked. Despite weathering controversy with recent price spikes, these increases were short-lived.
Some analysts speculate that these spikes could signify the start of a 'pump and dump' cycle common in many unsuccessful cryptocurrencies. Ultimately, investing in BRISE, a token mired in controversy, depends on individual risk tolerance and investment strategy. All investors are encouraged to DYOR (do you own research) before placing any significant trades.
PhemexPulse
PhemexPulse emerges as a groundbreaking social trading feature within the Phemex Web 3.0 ecosystem, aimed at knitting together the crypto community. This platform empowers traders to monetize their online interactions, with a daily opportunity to win a share of a 1,350 Phemex Token prize pool by simply engaging on the platform. At its core, it functions as a social network that compensates users for their activity. Moreover, it facilitates direct connections with leading cryptocurrency influencers and offers the chance to trade in unique inscription tokens promoted by these influencers. By promoting community engagement and collective effort, PhemexPulse aspires to be a key social hub in the cryptocurrency world.
