Bitrise, which enables developers to create mobile applications, announced today that it had raised $60 million in a series C round led by Insight Partners and backed by Lobito, Fiedler Capital, Open Ocean, Partech, and Y Combinator.
As a result of this tranche, Bitrise has raised almost $100 million to date. The funds will be used to expand Bitrise’s reach among customers and to support R&D, said CEO Barnabas Birmacher.
An increase in mobile app sales was significantly accelerated during the pandemic. The number of apps downloaded on Android and iOS was 218 billion in 2020. According to Statista, the revenue generated by these apps could reach $935 billion by 2023. Developing apps, however, is a complex process that can hurt a company’s reputation. According to a Think Storage Now report, 70% of people will abandon mobile apps if they take too long to load.
How Bitrise Mobile App Framework Platform Started
Bitrise is a Hungary-based company headquartered in Budapest. Bitrise was founded by Daniel Balla, Viktor Benei, and Birmacher in 2014 after graduating from Y Combinator. In addition to their previous experience as iOS app developers at Canecom, Benei and Birmacher also founded a mobile and chatbot development firm in Budapest and San Diego.
What is a Bitrise Coin?
Based on the strong Defi Project, Bitrise is a robust cryptocurrency. Offers attractive rewards for staking as well as a unique and attractive tokenomics.
The project Bitrise, which is building a decentralized financial system, is making big moves on both the DeFi and cryptocurrency markets. During the last few weeks, crypto projects have been rated as the fastest-growing ones like Shiba Inu. Despite its small size, the coin has grown in value and community growth, which only compares to bigger cryptocurrencies like Shiba Inu.
Shiba Inu’s records have been near broken and the coin shows no signs of slowing down. There is a good chance it will break most if not all of Shiba Inu’s records.
Its main advantage is its stability, since Bitrise coin was built on a decentralized financial system, instead of Shiba Inu, a meme coin. A lot of crypto investors are attracted by the team’s rapid progress, which is currently growing at a rapid pace.
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The Bitrise coin launched its staking process shortly after it was announced, an announcement which attracted a number of new members, including large members of the cryptocurrency community. In a short time, Bitrise will likely surpass Shiba Inu in terms of community members.
At the time of writing, Shiba Inu is currently ranked #12 in terms of market capitalization. Additionally, Bitrise has a growing market capitalization. Due to the fast pace at which the DeFi system is currently being developed, Bitrise might soon surpass Shiba Inu’s marketcap record.
The launch of Bitrise’s dApp wallet in October marked the biggest milestone for the project. The platform market cap and community are already growing quickly in anticipation of the launch. Crypto investors are taking notice of the 80% APY revenue shared among all staked tokens.
BRISE ability to break Shiba Inu records will significantly depend on how well this process goes.
The Shiba Inu community continues to be attracted to Bitrise’s most innovative and attractive tokenomics. One reason for the project’s credibility is the automated burn of the buy-back tokens. In its role as a hyperinflationary token, Bitrise has provided and protected investors’ token values, and thus far has done so exceptionally well.
Many crypto investors are still attracted to token holding rewards. For simply holding the tokens, Bitrise distributes to token holders every 60 minutes 4% of the 12% tax on all transactions in its ecosystem. Token holders automatically receive rewards in BNB in their wallet.
Where to Buy Bitrise?
You can buy Bitrise from MEXC, Mexc has lot of other Kickstarter projects that get initially launch on this platform. Bitrise was a part of the similar project where they have 159000000000 of Bitrise Reward Pool (BRISE). Login to the platform and buy your Bitrise token now. You can buy with MEXC coin or with USDT or BUSD coin.
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