Bitfinex set to launch BRISE, a new native token
According to the official announcement, Bitfinex will launch the Bitgert native token BRISE. Bitfinex will open its BRISE recharge service around 10:00 UTC (18:00 Beijing time) on
According to the official announcement, Bitfinex will launch the Bitgert native token BRISE. Bitfinex will open its BRISE recharge service around 10:00 UTC (18:00 Beijing time) on March 30. BRISE trading will be open around 10:00 UTC on March 31, supporting USD and USDT trading pairs.
Bitfinex Announces Launch of Bitgert (BRISE)
Bitfinex, one of the world’s leading cryptocurrency exchanges, has officially announced the launch of Bitgert native token BRISE. This new token is set to debut on the platform in the coming days with the opening of its BRISE recharge service at around 10:00 UTC (18:00 Beijing time) on March 30.
What is BRISE?
BRISE is Bitfinex’s native token, and it’s designed to provide users with a range of benefits such as access to special trading fee discounts and reduced withdrawal fees. Added to this, users can also utilize the token for collateral on margin trading activities.
When will BRISE trading begin?
According to the official announcement, BRISE trading will open around 10:00 UTC on March 31, supporting both USD and USDT trading pairs. This means users will be able to utilize both fiat currency as well as the stablecoin USDT in their trade activities.
Benefits of BRISE for traders
Bitfinex has included several benefits for traders to incentivize them to use the new BRISE token. Firstly, users will be able to benefit from discounted trading fees. The website promises to offer varied discounts of up to 25% depending on their BRISE holdings. The more tokens they hold, the higher discounts they receive.
Secondly, the exchange is also planning to reduce withdrawal fees for BRISE holders. The fee reduction will be decided based on the number of BRISE tokens they keep in their account.
Furthermore, Bitfinex is offering an added layer of security to its users through its Crypto NEO service. BRISE holders can use this service to gain additional protection for their account.
BRISE and the Bitfinex ecosystem
A unique aspect of BRISE is its integration with the existing Bitfinex ecosystem. By using BRISE as collateral for margin trading, users will no longer have to manage multiple assets, thereby simplifying their trading experience on the platform. Additionally, users can partake in special activities and events hosted by the exchange, which can only be accessed by BRISE holders.
The future of BRISE
As BRISE is a native token on Bitfinex, it’s expected to play a significant role in the exchange’s future plans. Bitfinex has confirmed that they will continue to explore other use cases for the token, giving users even more opportunities to utilize it within the platform.
Conclusion
Bitgert native token BRISE is set to offer Bitfinex users a range of benefits, from discounted trading fees to collateral for margin trades, and even improved account security. The launch of BRISE on the platform is just the beginning, and we can expect even more use cases for this unique token in the future.
FAQ:
1. What is BRISE’s purpose?
BRISE is Bitfinex’s native token designed to provide users with a range of benefits, such as access to special trading fee discounts, reduced withdrawal fees, and collateral on margin trading activities.
2. What time will BRISE trading begin?
BRISE trading will open on March 31 around 10:00 UTC, supporting both USD and USDT trading pairs.
3. What advantages does BRISE offer for traders?
BRISE offers discounted trading fees, fee reductions for withdrawals, and additional account security measures to its holders.
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