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Bitgert is a cryptocurrency initiative featuring the BRC20 blockchain with high throughput and minimal gas fees. Developed by an anonymous team, it supports staking, decentralized exchanges, and peer-to-peer payments. The network uses a proof-of-staked-authority mechanism and employs transaction taxes to fund buybacks and rewards, aiming to create a deflationary asset from its initial large supply.
Bitgert (BRISE) is a cryptocurrency engineering initiative that debuted in July 2021, focusing on blockchain solutions and a centralized exchange. The project originally operated on the BNB Chain, utilizing BNB for reward distributions. A major milestone occurred in 2022 with the introduction of the BRC20 blockchain, which provides rapid cross-chain transfers and virtually non-existent gas costs. Specifically, the network supports up to 100,000 TPS, with transaction fees set at $0.0000000000001.
The ecosystem comprises several offerings, including the Bitgert Blockchain, Bitgert Exchange, Paybrise, a Real Estate Marketplace, a Decentralized marketplace, BRISE staking, and BRISE Swap. Bitgert positions itself as a substitute for the widely used DEX PancakeSwap.
BRISE serves as the native token, enabling users to stake and receive rewards in BUSD exclusively on the BSC network. On the BSC Chain, the smart contract incorporates a buyback feature where 5% of transaction fees go toward buybacks, 3% toward marketing, and 4% toward staking rewards. The team states this mechanism aims to make BRISE a deflationary asset by supporting its price. Conversely, the smart contract on the ETH Network imposes zero tax fees.
BRISE asserts it has practical utility as a global payment system, functioning as a peer-to-peer (P2P) service within the BRISE dApp Wallet. This allows buyers and sellers to transact directly without third-party involvement, ensuring quick, secure, and fee-free exchanges.
The Bitgert initiative began in the summer of 2021, with the whitepaper specifying a July launch. Throughout this period, the development team has remained anonymous, though they have stated an intention to disclose their identities at a future date. No specific timeline for this reveal has been provided yet. The team suggests that doxxing could enhance the project’s standing and the value of BRISE by fostering trust within the crypto community and attracting investor interest. Furthermore, the team indicates that Bitgert plans to incorporate as a legal entity, likely in the Cayman Islands, in the near term prior to its exchange listing.
Bitgert (BRISE) operates a DeFi protocol on the BNB Chain, with an expanding ecosystem that spans DeFi, NFT, Web 3.0, and the Metaverse.
The Bitgert ecosystem features these products:
The BRISE token acts as a middleman in a peer-to-peer (P2P) local currency payment service, utilizing the BRISE Wallet dApp to enable fast, secure transactions with zero fees. This setup allows buyers and sellers to interact directly, removing the need for third parties.
The token includes a buyback feature where a 5% tax on every transaction is held in a smart contract. When a sale occurs, a portion of this tax is used to automatically purchase tokens from the liquidity pool, which are then burned right away. The benefits include potential price appreciation (as buying tokens adds BNB to the pool while reducing the BRISE supply), the generation of free BNB tokens, and increased investor trust.
Additionally, Bitgert distributes a 4% commission from each transaction to investors in BUSD tokens, proportional to their holdings. The total network tax stands at 12%.
At launch, the platform minted a total supply of 1,000,000,000,000,000 BRISE coins. The allocation was split as follows: 50% for the Initial burn, 38% for Liquidity, 7% for Future development and Marketing, and 5% for the Dev Team.
The BRISE Chain utilizes a proof-of-staked-authority consensus mechanism to maintain security. Additionally, Audit Solutions with Leaderboard Support works to safeguard the Bitgert network by offering free audits for both smart contracts and blockchains. The most recent Bitgert Audit was published in August 2021.
As of April 2022, BRISE tokens are available for purchase on multiple exchanges, including Gate.io, PancakeSwap (V2), MEXC, and Hotbit, along with other centralized and decentralized trading platforms.