Bitgert applies to verify circulating supply on CoinMarketCap

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Stay up to date with the latest Bitgert (BRISE) news as it happens

Representations of Bitcoin, Ripple, Dogecoin and Ethereum cryptocurrencies                                 
Bitgert has submitted a request to CoinMarketCap for it to evaluate the crypto – Photo: Alamy
                                

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Bitgert has applied to verify its circulating supply on CoinMarketCap.

This means Bitgert has submitted a request to CoinMarketCap for it to evaluate the crypto.

CoinMarketCap describes circulating supply as “the best approximation of the number of assets that are circulating in the market and in the general public's hands.”     

CoinMarketCap said that circulating supply was a better metric to use for calculating market capitalisation, compared to total supply. Total supply is the total number of coins in existence right now.  

The site, recognised as the leading website for crypto prices, said that using circulating supply is like the method of using public float to conclude the market capitalisation of a company. Public float represents the portion of shares of a company that are in the hands of public investors as opposed to locked-in shares held by promoters, company officers, controlling-interest investors or governments.  

18 July 2022: Bitgert marketplace should sell clothes and electronics says poll

More than two out of five Bitgert users would like to buy and sell clothing and electronics on its decentralised marketplace, which started development on 14 July.

Bitgert ran a Twitter poll in which it found that 41.6% of people who responded would like to buy and sell clothing and electronics on a Bitgert decentralised marketplace.

Coming in second at 34% was real estate, followed by cars and motorcycles at 17% and ebooks and courses at 7.4%.

In its Twitter poll 3,808 people voted.

8 July 2022: Bitgert celebrates its first birthday

Bitgert, the crypto engineering organisation with a focus on blockchain technology products and audits solutions, has celebrated its first anniversary, a year after its foundation.

In its birthday announcement via Twitter, it stated that it wishes to become a “beacon in decentralised finance (DeFi)” and added: “Let’s make this [Bitgert] an Empire together”.

The organisation runs the BRISE token, which has a revenue sharing staking programme.

6 July 2022: Bitgert now available on Sphynx Labs

BRC20 tokens are now available to buy, sell and trade on Sphynx Labs, an all-in-one platform designed for crypto.

BRC20 tokens are native to Bitgert. Out of the three networks to choose from on Sphynx Labs, there is a choice of Binance, Cronos and BRISE.     

5 July 2022: CoinMarketCap recognises USDT and USDC on Bitgert chain

Both Tether (USDT) and USD Coin (USDC) on the Bitgert chain have now been officially recognised by CoinMarketCap.

Bitgert announced the news regarding the two stablecoins via Twitter under the title “HUGE ANNOUNCEMENT”.   

27 June 2022: Bitgert launches USDT and USDC stablecoin bridge

Bitgert has launched the stablecoin Tether and USD Coin crypto bridge on its blockchain.

This bridge makes it easier to swap USDT and USDC from supported networks to the Bitgert blockchain and peg them to the BRC20 token.

Bitgert explained that “stablecoins are critical for the smooth running of any blockchain ecosystem”. The benefit of this, added Bitgert, is that bringing USDT and USDC “to the Bitgert chain by pegging with the native BRC20 tokens enable users to enjoy the benefits of stablecoins. Most important is swapping their tokens to stablecoins to avoid volatility-driven losses.”

23 February 2022: Strong start for Bitgert 

After the Bitgert (BRISE) blockchain went live last week, the crypto has skyrocketed by over 100% in value.

According to CoinMarketCap, BRISE is up by 6.4% to $0.0000007197. Since its blockchain launch last week, however, the crypto is up by 115% from $0.0000003325.

The crypto has grabbed attention because it holds a zero-gas fee and “has the speed of 100,000 transaction per second.”

CoinMarketCap describes BRISE as the “fastest blockchain of 2022” with the fastest growing ecosystem with projects in Decentralised Finance (DeFi), non-fungible token (NFT) and Web 3.0.

BRISE is currently listed on eight crypto exchanges, Pancakeswap, BitForex, Gate.io, Bitmart, MEXC, Lbank, XT.com and Indoex.

Possible ETH killer?

Due to Ethereum’s (ETH) high gas fee, critics of the crypto has been saying this issue could leave the door open for an ETH killer. BRISE stands in stark comparison to ETH with its zero-gas fee.

Only follows the crypto kings

BRISE’s Twitter page only has 87,000 followers, which is relatively low for a crypto. The Sandbox (SAND), for example, has nearly 850,000 followers.

Still, BRISE only follows two other people. The first is Changpeng Zhao, CEO of Binance, currently the world’s largest cryptocurrency exchange by trading volume. The other is Elon Musk, CEO of Tesla, an American electric vehicle maker, who is nicknamed the Dogefather due to his support of dogecoin (DOGE).

Suspicion surrounding BRISE

Certain actions the crypto has taken have left some with questions surrounding the digital asset. BRISE decided to undertake an audit performed by Bitgert. The audit suggests that all manual code, contract functions, owner privileges, rug-proofing and liquidity were checked. However no genuine links are provided to verify this.

Also, Bitgert’s BitRise charity supposedly donates proceeds to various hunger-relief and education programmes, although further details than that are scarce. The official website does not outline any affiliates, charity numbers or an action plan. Reverse image searches show that visual assets are stock photos.

Few philanthropically minded individuals seem to have donated to the charity. The donation address has only logged two inbound transactions over its lifespan.

Further reading

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