BITSEC Partners With Betting Platform, BTS Will Empower BTC Peer Communities

© Reuters. BITSEC Partners With Betting Platform, BTS Will Strengthen Communities

In an increasingly pro-profit and blindly FOMO crypto-verse, forgetting blockchain ideals of empowerment and emancipation of users from the clutches of poverty, BITSEC is determined to change the narrative.

Posting to Twitter (NYSE:), the platform said it is releasing what will be the “biggest utility token” on the secure and highly adopted BNB channel.

BITSEC releases version 2.0

Prior to this announcement, BITSEC published its white paper on May 12, 2022. Typical of any white paper, the creators of the platform are committed to distilling all the complexities and clearly articulating their vision-mission statement for all users around the world. . The document describes their major projects and breaks down the symbolic principles of the project.

Even amid the global financial crisis that has seen the crypto market shrink in double digits, BITSEC remains optimistic. Behind their confidence is a well-laid plan and a zeal to exceed the expectations of their global fan base.

Reflecting the visions of Bitcoin’s creator, BITSEC is confident that its solutions enhance digital gold to qualify as Bitcoin 2.0, with a fully functioning ecosystem to achieve equity and a fair distribution of wealth.

Components of BITSEC: A High-Performance DEX, Launchpad, and Staking Program

BITSEC consists of four critical components, creating a cyclical system whose synergy benefits the users of the platform. Central will be BITSEC’s BTS BEP-20 fungible token deployed on the BNB chain serving governance and utility roles. There will be 21 million BTS in total supply, with an initial circulating supply of 7.3 million BTS.

The launch of BNB Chain is designed and intended to relieve users of the high trading fees experienced by alternative networks such as . At the same time, the BNB chain will satisfactorily handle BITSEC’s resource requests.

Additionally, BITSEC plans to launch a decentralized exchange (DEX) called Bitswap, enabling fast and inexpensive exchange of its native coins with other BEP-20 tokens. Thanks to the secure DEX, it would be quick and convenient to trade. Meanwhile, the exchange would increase the liquidity of BTS, a net benefit for holders.

Additionally, recognizing the rapidly changing nature of cryptography, the rapid adoption of the technology, and the high number of ambitious developers offering solid solutions to current problems, BITSEC will create a launchpad dubbed cryptogifting.live. Their goal is for ambitious projects to receive the necessary financial backing from investors, thereby empowering the community and helping to accelerate the adoption of superior blockchain-based solutions.

Finally, BITSEC will also support staking directly on its website. Users are free to purchase a staking package which offers high rewards of between one and two percent, compounded daily and available for withdrawal at any time. At the same time, users who refer others to BITSEC staking will be rewarded through their referral program.

BTS utility functions

BTS is used to incentivize the supply of liquidity to the platform’s decentralized exchange (DEX) to serve its utilitarian purposes.

The platform has also partnered with over 600 technology companies, enabling BITSEC token holders to pay for mobile and data recharge and payment of other utility bills in over 190 countries.

Additionally, the token can be used to make purchases at select outlets, pay for insurance and Amazon (NASDAQ:) gift cards, and as a form of payment at partner betting companies.

So far, BITSEC has partnered with Sportybit.io, a betting platform with an exciting referral program. Sportybit.io’s success, and especially if they eat away at a significant stake in the $66+ billion global betting market, will strengthen BITSEC’s baseline.

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