Bitgert: A Scam or A Good Investment?
The controversial Bitgertblockchain project has been in the headlines during the FTX exchange collapse, attracting traders’ interest with its bold claims of forming a fast, royalty-free blockchain.
Bitgert is a crypto-engineering company that has created a number of blockchain-based products for the purpose of dispersed capital, NFT and the meta-universe.
According to the statement of this company, its target is considered to be novelties and also the conclusion of difficulties together with the support of blockchain technological processes in order to improve the peculiarities of the existence of users.
Despite the difficult bazaar requirements, past research in the ecosystem as well as partnerships have attracted interest in the plan, but does the unit of Biggert’s position meet the reality?
What is Bitgert and how does it work?
Bitgert is a crypto-engineering company based on the Binance Smart Chain (BSC) blockchain that intends to deliver regulations for audits and goods on the blockchain to the whole society.
In order to accomplish this mission, the company has formed a fast-working blockchain Brise Chain.
A close blockchain of the Bitgert company is Brise Chain, which does not have any fees for blue fuel and is also able to process up to one hundred thousand transactions per second (TPS).
How does Bitgert function?
BRISE Chain, according to the phrases of Bitgert agents, is based in the architecture of confirmation of opportunities (PoA), which guarantees an active blocking period and also low fees. BRISE Chain holds smart contracts and also is compatible together with the Ethereum conditional vehicle (EVM).
Since BRISE is compatible along with the EVM, it starts together using a large number of Ethereum devices (ETH) as well as dispersed add-ons (dApps), making it easier for creators to migrate along with Ethereum.
Among the available services in the Bitgert ecosystem are a decentralized economic act (DeFi) near the name Knit Finance, a trading platform for the purpose of trading upset tokens (NFT) near the name Miidas NFT Marketplace, as well as a distributed marketplace (DEX) SPYNX Labs.
BRISE is considered a close token of the BRISE Chain ecosystem as well as Bitgert and also functions in the base of smart contracts. Due to these contracts, the token can be exchanged into ERC-20 tokens based on Ethereum and BEP-20 tokens based on Binance.
What is the purpose of Bitgert coin? BRISE tokens are used to pay commissions due to smart contracts, steaking, peer-to-peer payment services, as well as to collect commissions due to transactions in bonds.
What is BRISE?
BRISE is the native cryptocurrency of the Bitgertblockchain. At first it was launched as a token in the BSC, if Bitgert (then known as Bitrise) was a blockchain application.
Despite the fact that the plan up to now holds the location of the BRISE token in the BSC, if Bitgert launched its own personal blockchain, BRISE was released as its own cryptocurrency bond.
Bitgert implemented a project of opposite redemption, in which someone acquires BRISE tokens in BSC and also burns them. Apparently according to the whole, in the final result the plan will change the whole BRISE reserve in the BSC base into the BRISE version, peculiar for the purpose of the Bitgert bond.
BRISE can be used for the purpose of steaking and also payment of small gas charges in Bitgert Chain. It can also be used in dApps connected to the debarker, for example, in Bitgert DEX, which is available for swaps.
BRISE rates are possible as well as in BSC, so as well as in Bitgert Chain, and also stackers have all chances to receive (income fees BUSD, but it is not clear from where these fees are taken and also the unit system is considered pond stable in the long-term possibility.
Transactions with the BRISE token are automatically taxed at 12%, which will be returned to the plan.
Who exactly are considered the founders of Bitgert?
The Bitgert plan became its own approach in the summer season of 2021, the whitepaper notes that the site was launched in July. All without exception this period the group of founders functioned nameless, however it was stated that they expect to reveal their own personas if the period appears.
So far, virtually no definite deadlines have been published, but one thing remains undeniable – the disclosure of the instruction is bound to favorably affect the reputation of the plan as well as the value of BRISE, so as this stage is able to serve as a reason to build confidence from the edge of the crypto community as well as provoke more significant interest in traders.
In addition, according to the phrases of the instruction, in the short-term possibility as well as up to the launch of the exchange Bitgert will be noted as well as a legal entity, according to some assumptions in the Cayman Islands.
How is the security of the Bitgert bond guaranteed?
In order to ensure the security of the BRISE Chain, a consensus system is used together with the confirmation of previous authority. In order to ensure the security of the Bitgert bond, resolutions are oriented according to the audit with the help of Leaderboard.
The platform provides a free check in order to protect smart contracts as well as blockchains in the same level. The final version of Bitgert Audit was released in August 2021.
How many Bitgert (BRISE) coins are in circulation?
The BRISE token is used as an arbiter in a peer-to-peer (P2P) payment service in a public currency with the use of the BRISE Wallet dApp, which provides fast and secure transactions and no transaction fees.
In this scenario, the merchant as well as the consumer have a chance to facilitate each other directly without the need for arbitrators.
The token is equipped with an opposing redemption device. How it works is the same: a counter redemption fee of 5% is charged together with any transaction and is also inside the smart contract.
In case the realization took place, in this case the share of the paid tax follows in the mechanical acquisition of tokens from the liquidity pool, after which the marked tokens are instantly burned.
Advantages: increase in value (the acquisition of tokens from the liquidity pool leads to the addition of the newest BNB tokens to the association and also to a reduction in the number of BRISE tokens); the emergence of independent BNB tokens; security and also mutual trust from the edge of traders.