The Bitgert project was started in July 2021, focusing mainly on blockchain products and auditing solutions. Launched a year later, its native blockchain BRISE caught the market’s attention with its zero-figure gas fee of $0.00000001 and high throughput of 100,000 TPS. Now, you’ll receive the benefits of the Brise blockchain on Rubic, bridging the most popular assets such as USDT, USDC, BUSD, ETH, BNB, MATIC, and Shiba Inu — available for trading to Bitgert, and literally any token from Bitgert, between Ethereum, BSC, Polygon, Avalanche, Kava, Telos, and Cronos, and Bitgert in just one click, at the maximum speed and the best price!
Let’s explore behind the scenes at the Bitgert project. How will the Bitgert integration into app.rubic.exchange facilitate Rubic’s cross-chain functionality for its users, along with SDK and Widget integrators?
Learn more right in this article!
What is Bitgert?
Bitgert (BRISE) is a crypto engineering project focused on mass blockchain and auditing solutions, which was launched in July 2021. Initially, Bitgert was built on the BNB Chain and used BNB as its native token to pay rewards. The launch of its own blockchain, the BRC20 chain, became the next stage of Bitgert development. What makes it stand out from the crowd is the near-zero gas fees and high-speed cross-chain transactions: the gas fee totals $0.0000000000001 per transaction, while the supported throughput reaches up to 100,000 TPS.
Spanning DeFi, NFTs, and Web3, the list of Bitgert products currently includes Audit Solutions, BRISE dApp Wallet, BRISE Staking, BRISE Swap, and the Bitgert Bridge. Moreover, Bitgert provides a free contract for projects’ auditing. By launching its native blockchain, BRISE Chain has enabled developers to build various dApps on the Bitgert network and turned BRISE from a token into a coin. Developers can issue new tokens, run full nodes to gain access to live updates on transactions, blocks, consensus activities, while developing wallets and tools for dApps on the BRISE chain.
The launch of the network’s incubation program, Bitgert Startup Studio, contributed to the increased number of projects launched on the BRISE chain. Bitgert Startup Studio helps developers and entrepreneurs issue cryptocurrencies for their projects and raise funds via private or public token sales. The program also provides marketing and technical support to launch projects on the BRISE chain.
What is Bitgert Blockchain?
Bitgert Chain (Brise Chain) is an EVM-compatible blockchain with gas fees as low as $0.00000001 per transaction, and it was launched in February 2022. Built with a Proof-of-Authority (PoA) consensus protocol, the Brise Chain supports a block time of 15 seconds.
All smart contracts on Brise Chain operate with a buyback mechanism. In more detail, Bitgert directs 5% of every transaction fee for buybacks, 3% for marketing, and 4% for staking rewards. Buybacks are meant to support the price of the BRISE token, making it a deflationary asset.
According to DeFiLlama, the TVL on the Brise Chain comes to $5,810,423, with an all-time high of 11.7M.
The number of projects is constantly growing, and the top five leaders (already operating on Bitgert) are: the decentralized exchange Sphynx Labs, the NFT protocol Omniaverse, the staking platform Eco Finance, the metaverse 4D Twin Maps, and the project development protocol Brisepad.
With more than 900K transactions and 250K community users, Bitgert is steadily growing. On the roadmap of Bitgert, there are a variety of products coming on the BRC-20 chain: the Bitgert centralized exchange, Paybrise, and decentralized marketplaces are among the products with development underway.
What is BRISE Coin?
BRISE is the native token of the Bitgert network. It was initially launched as a BEP-20 token on the Binance network, and after the launch of the Brise Chain, the coin was converted to its native BRISE chain.
Users staking their BRISE receive staking rewards in BUSD. Another utility of the BRISE coin is to use it as a peer-to-peer payment method within the BRISE dApp wallet, with zero transaction fees and without a third party.
Each transaction collects 5% in buyback tax, which is stored within the contract. This 5% is further used to purchase tokens from the liquidity pool, which are immediately get burned afterward. The buyback policy gives investors more confidence to purchase and hold on to the coin, with the intention of growing demand and increasing the coin’s value.
The market cap of BRISE totals $217.47M, with $2.68M in 24H volume and 395.69T circulating supply.
BRC20-Pegged USDT and USDC
To give users better flexibility in trading on the Brise Chain, Bitgert launched a stablecoin bridge that enables users to easily swap stable currencies from their supported networks to the Bitgert Chain in a go. The USDT and USDC stablecoins are pegged to the BRC20 token.
Essentially, the Bitgert BRC20-pegged stable coin is backed by the native coin or the underlying coin, which in this case is BRC20. The pegged tokens are backed by native coins, which are locked in the reserve pool address. The reserve addresses for these coins are shared publicly for transparency purposes. Therefore, anyone can access the reserve addresses for all the BRC20-pegged stablecoins.
The pegged tokens are always backed at 1:1 by BRC20: The value of the USDT BRC20 is pegged to the BEP20 USDT token at a 1:1 ratio as collateral, and the value of USDT BEP20 will always remain the same as the value of the BRC20 token. This way, the pegged tokens remain similar to stablecoins on the Bitgert chain.
To ensure 100% backing, the sum of the funds in the reserve wallets remains bigger than the total supply of the pegged stable cryptos. So the liquidity issue shall never be a concern on the Bitgert chain.
The major benefit of the pegged tokens is making non-native tokens of the Bitgert blockchain accessible to BRISE chain users. In this case, USDT and USDC are major stablecoins in the crypto industry. Bringing them to the Bitgert chain by pegging with the native BRC20 tokens allows users to enjoy the benefits of stablecoins. Now, users can enjoy these benefits on Rubic, and avoid volatility-driven losses by swapping their tokens into stablecoins on Bitgert.
The Bitgert Bridge
Bitgert Bridge allows swapping of the BRISE coin for popular stablecoins and altcoins, in one click. The Bitgert bridge enables users to swap USDT and USDC from the networks supported by the Bitgert chain to the BRISE chain — BEP20 and ERC20 tokens. The pegged tokens are also going to increase the selection of the tokens on the Bitgert chain, which in return increases the BRISE chain utility.
The bridge increases the transaction volume on the chain and liquidity. The utility of the Bitgert chain has also increased as users have more options to select. So, this bridge is an essential tool for a better user experience while trading on the Bitgert chain.
The available pegged tokens include USDT, USDC, MATIC, BUSD, SHIB, BNB, and ETH. All of them are now available on Rubic for cross-chain swapping.
Bitgert: Swapping & Bridging on Rubic
To finish the list with all the opportunities of Bitgert which have been mentioned above, Rubic integrated the Bitgert bridge, thus allowing users as well as Rubic’s SDK and Widget integrators to swap the popular assets from and to the Bitgert blockchain. Let’s have a look at how it works on Rubic in detail.
1. Tokens & Networks
Swapping is available between the Ethereum, BSC, Polygon, Avalanche, Kava, Telos, and Cronos blockchains.
The tokens that are available for swapping from Bitgert to supported chains are USDT, USDC, BUSD, ETH, BNB, MATIC, and SHIB. You can swap any other token supported by Rubic from the source chain to Bitgert. However, they can be only swapped to the above-mentioned stable or native coins.
2. Fees
In the target network, the Bitgert bridge charges a 2% fee for swapping USDC, USDT, BUSD, SHIB, and MATIC, as well as a 0.2% fee for BNB and ETH.
3. Limits
The minimum amount for swapping is $100, and the maximum limit may occur when the target network runs out of liquid assets.
4. Receiver Address Function
In the case of Bitgert, Rubic utilizes the Bitgert bridge contract — without Rubic’s contracts and without Rubic’s fee. So, the function “Receiver address” doesn’t work, however speed, security, and low commissions still remain in the list of benefits.
5. BRISE Coin
Upon the Bitgert integration into app.rubic.exchange, users can bridge the BRISE coin in the Binance network with built-in fees of around 12% for a swap (in this case, Rubic doesn’t charge any platform commissions). Bridging the BRISE coin between BSC and Bitgert networks doesn’t incur any fees.
Bitgert is a project that has a massive potential to grow in the future, with its high throughput of 100,000 transactions per second and close-to-zero commissions. The opportunities for developers offered by Bitgert promise to push it even further, increasing its adoption in the blockchain space. The team plans to have 1,000+ new projects launched on the chain in the next 12 months.
About Rubic
Rubic is a One-Click Cross-Chain Aggregator which allows users to swap any of 15,500+ tokens, across 20 blockchains, and receive the best rates from all leading trading providers. Rubic includes On-Chain & Cross-Chain swaps for Ethereum, BNB Chain, Polygon, Avalanche, Fantom, Arbitrum, Gnosis, Fuse, Celo, Optimism, Moonbeam, OKC, Boba, Tron, Moonriver, Cronos, Bitgert, and Bitcoin; with seamless fiat on-ramps and more!
Rubic provides the tools for crypto projects to become fully interoperable between blockchains, with an easy-to-install widget and a fully-customizable SDK. Rubic is already servicing more than 90 projects! Installation of Rubic’s SDK or Widget unlocks DeFi for any project, with access to over 15,500+ tokens across 20 blockchains, all available right on your website or inside your app.
Our social media channels:
