| ● Bitgert announced BRISE holders can now stake them on the Gate.io centralized exchange.
● BRISE holders to earn up to 100% annual percentage yield (APY) from the staking process. ● The staking exercise would launch on July 18, 2023, with an investment term of 90 days. |
Bitgert has announced that holders of its native token, BRISE, can now stake them on the Gate.io centralized crypto exchange. In a Twitter post, the novel crypto project that boasts a gas fee-free blockchain said the staking exercise would allow BRISE holders to earn up to 100% annual percentage yield (APY).
Exciting news for #BRISE coin holders! Now you can stake on https://t.co/kCJAqUnMnP exchange and earn a whopping 100% APY.
Don’t miss out on this opportunity.
Visit https://t.co/t5E0VYsWrJ for more details. #cryptocurrency #staking #passiveincome
— Bitgert – $BRISE (@bitgertbrise) July 18, 2023
Gate.io describes the staking exercise as “Lock and Earn” on its blog. In a publication, the centralized exchange announced the staking exercise would launch at 8:00 UTC today, July 18, 2023, with an investment term of 90 days.
Other information provided by Gate.io about the staking exercise includes a starting position of 19,538,880 BRISE and a maximum position of 1,109,243,700 BRISE. The exchange also notified users that it would distribute the principal and interest in the staking exercise at the end of the lock-up period.
Bitgert community members expressed excitement at the launch of the BRISE staking exercise. Responding to Bitgert’s tweet, several users praised the development and inquired when it would activate a similar process on other centralized exchanges like MEXC and Huobi.
Bitgert did not mention whether the BRISE staking will be expanded to other centralized exchanges. The project was also silent on any further plans but encouraged BRISE holders to explore the opportunity provided through staking on Gate.io.
Bitgert is a crypto engineering organization focused on blockchain technology products and audit solutions. It is renowned for its near-zero fees and high transaction speed. The project’s native token, BRISE, is valued at $0.000000263 at the time of writing. Its market cap is $104.05 million, with a circulating supply of 395.69 trillion BRISE.
The variety of products offered by the Bitgert project includes Bitgert Blockchain, Bitgert Exchange, Paybrise, Real Estate Marketplace, Decentralized marketplace, BRISE staking, and BRISE Swap.