Safemoon V2 Cannot Compete With Bitrise Coin - Says Community

November 16, 2021 11:29 AM EST | Source: CryptoShib

New York, New York--(Newsfile Corp. - November 16, 2021) - Safemoon V2 can't compete with Bitrise. Safemoon has launched the widely anticipated Safemoon V2, an upgrade of the previous Safemoon protocol contract. The upgraded Safemoon contract is expected to make the Safemoon DeFi project more competitive with the team calling it a Safemoon comeback.

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Safemoon V2 will be addressing three major things according to the team: changing the coin's consolidation formula to 100:1, increasing Safemoon contracts security, and making Safemoon tokens more accessible. With this upgrade, Safemoon community members are expecting that the Safemoon token will bounce back.

But Safemoon V2 will have to compete with other DeFi projects like Bitrise, a coin that is mooning and already growing very popular with the crypto community. Launched on 28th July 2021, 5 months after Safemoon launch, Bitrise coin already proved the biggest thing in DeFi and a tough Safemoon V2 competitor.

The crypto community is saying that Safemoon V2 cannot compete with Bitrise coins. Barely four months after launch, Bitrise has made more accomplishments than Safemoon, according to the crypto community.

Though Safemoon V2 is promising to improve Safemoon network security and improve Safemoon token accessibility, users say the upgrade can compete with Bitrise. Among the areas Bitrise as DeFi project is stronger than Safemoon V2 are:

  • Fast accomplish
  • Secure network
  • Better token accessibility
  • Products on network

Bitrise has accomplished so much more than Safemoon in less than four months. Within the first 3 months, Bitrise coin had Bitrise Audits and Bitrise dApp Wallet running. Safemoon V2 will only have the Safemoon wallet as a product since its launch in March 2021.

Bitrise coin has already announced the launch of the staking, and Safemoon V2 is yet to mention staking. With staking, Bitrise will have made huge steps ahead of Safemoon. Already, there have been reports of Safemoon community members joining Bitrise coin after the staking announcement.

Unlike Safemoon V2, Bitrise announced that its exchange is in the development stage, and the team is already researching Relay Chain and Parachains for blockchain development. Such accomplishments are making Bitrise superior to Safemoon V2.

Safemoon V2 will improve contract security, but Bitrise network also offers incredible security features. From the private keys, mnemonic phrases to password authentication Bitrise network is very secure. The Bitrise team recently announced the listing of Bitrise token on the Bitmart exchange, which will make the coin more accessible.

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