Risebit – The New Era of Decentralized Platforms
Risebit is a new decentralized exchange looking to change how we interact with cryptocurrencies. Not only does Risebit offer a lending and borrowing system, but it also gives governance to investors.
Our review will take a closer look at the project's features, the team's roadmap, and what we know about Risecoin.
What Is Risebit?
Risebit consists of a platform, an ecosystem, and a token. The main goal of this project is to create an investment platform that is reliable, transparent, and easy to use.
The platform will operate on the Binance Smart Chain, Polygon, Avax, and Ethereum networks. Users can participate in mining, staking, and other activities on these networks. The team will hold a presale round for its token on Unicrypto Network on November 21st.
The subsections below will share more details about the core features of the Risebit platform.
A New Decentralized Exchange
Risebit is a new decentralized exchange built from the ground up with security, speed, and simplicity in mind. Risebit operates by using an intelligent arbitrage system to get you the best conversion rate for your crypto assets.
The Risebit system searches all exchanges for the best conversion rate and routes your transaction to that DEX. The operation aims to save you money and time without sacrificing security.
Risebit runs on the BNB Chain but plans to be a decentralized multichain exchange. This will allow it to support blockchains such as Ethereum, Avax, Polygon, Moonbeam, and others that work under the EVM. The platform currently supports around 40 tokens, with more added all the time.
Lending and Borrowing Cryptocurrencies
Risebit also offers a way to lend and borrow through its platform. This service consists of a smart contract allowing users to borrow BUSD through crypto collateral.
The advantage of this system is that it is completely decentralized so no intermediaries can manipulate or block the service.
Risebit has implemented a so-called “oracle system for enhanced liquidity protection.” The platform will execute a sale transaction of the collateral if its price falls below the settlement price.
Giving Governance to Investors
Another fundamental aspect to grasp when looking at Risebit is its governance system. This governance system relies on a community of people with a voice in how the platform runs.
First of all, Risebit will review each project submitted to the platform. This operation aims to ensure that only legitimate and viable projects are accepted. Next, Risebit will open up voting to the community. The community can vote on which project they think Risebit should invest in.
By giving investors a voice to run the platform, Risebit ensures that only the best projects are available for investment. This should help to increase returns and minimize risk for all involved.
The Introduction of Flexible Staking
Risebit plans to bring to the market a new era of staking products with the introduction of a flexible strategy.
This will allow users to place their Risecoin tokens in a staking pool and generate passive profits. The team mentioned the possibility of staking tokens for 15, 30, 45, or 90 days.
With flexible staking, users can unstake their tokens at any time with a 4% fee. Flexible staking aims to solve one of the main problems with traditional staking products. Specifically, we're talking about the loss of opportunity cost associated with locking your tokens for a specific period.
Risebit's Reward System
Another feature on which Risebit is betting to attract users is its reward system. The platform will distribute rewards according to three different plans. First, the basic option generates a 1% daily return with an entry fee of 5% of the initial investment.
The premium plan, instead, generates a 1.5% daily return and comes with an entry fee of 7% of the investment. Finally, Risebit designed a VIP plan with a 2% daily return and an entry fee of 10%.
Investors may claim their rewards every seven (basic), fourteen (premium), or twenty-eight days (VIP).
What Do We Know about Risecoin?
As is often the case in crypto, Risebit chose to issue a native token on the market. The choice of creating a proprietary cryptocurrency is strategic. Specifically, it allows the developers to better manage the project. Moreover, it lets the community of token holders invest in the project's success.
You should first know that the RSC token uses the BEP-20 standard, with a total supply is 100,000,000 coins.
The second thing you should know is that Risebit imposes a 3% tax on all transactions made within the platform. A part (1%) of the tax proceeds will go to the developers. The remaining portion (2%) is going to Risebit's black card holders.
The team wishes to introduce a token with multiple use cases within the project's ecosystem. For instance, the token will directly apply to the governance system and the staking pools. The project will also have a launchpad section with advantages for token holders.
The project's whitepaper mentions more advantages linked to the token utility, from NFTs to loan fee discounts.
A Closer Look at the Project's Roadmap
Any project needs to have a credible roadmap when entering the crypto market, and Risebit is aware of this. Let us look at the four development phases in the subsections below.
Initial Phase
The team included in the initial phase the creation of social networks. Furthermore, the developers used this phase to release the testnet and mainnet versions of their BNB Investment Platform.
NFT Integration
Moving on, the team has already completed the integration of NFT Land Miners within its ecosystem. Furthermore, Risebit plans to add NFT Miners soon.
Risebit App
Another fundamental moment in the project's development was the launch of its app. The team has already added the possibility of investing in BNB and is currently working on other features.
Specifically, the chance to invest in BUSD and flexible staking will be the next in line to join the platform. Moreover, staking, governance, and lending/borrowing will soon join the project's app.
Multichain Phase
The evolution of the project will turn Risebit into a multichain platform. Therefore, the team is already preparing for this moment by releasing testnets and mainnets on different chains.
Tokenization Phase
Finally, the RSC token will go live during the tokenization phase. Through this token, the community will have the chance to invest in the project. Also, the team plans to release a staking system that will use the RSC token as a reward.
Wrapping Up
Risebit is a project with an ambitious vision for the future. The team plans to turn its platform into a one-stop shop for everything related to crypto investments.
The project's roadmap is complete, and the team has already achieved some of its objectives. The upcoming token presale is a moment that crypto enthusiasts will monitor closely.
For more information on Risebit, visit its website: https://risebit.co/ and social media pages:
Telegram: https://t.me/RisebitOfficialEN
Twitter: https://twitter.com/risebitenglish
Discord: https://discord.gg/NYnxDw2P5p
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