Bitgert
Crypto Overview
Project Overview
Bitgert (BRISE) is a cryptocurrency project launched in 2021 that claims to be developing a zero-cost blockchain with ultra-fast transaction speeds (100,000+ TPS) and near-zero fees. The project aims to create a complete DeFi ecosystem including a decentralized exchange, NFT marketplace, and various DApps.
Intended Utility
The stated purpose of BRISE is to serve as the native token for the Bitgert blockchain ecosystem, powering transactions and providing governance capabilities. The token is meant to facilitate low-cost transfers and enable participation in the platform's DeFi services.
Actual Utility and Usage
Analysis of on-chain data and market activity shows limited real-world adoption. While the project has launched its blockchain and some basic DApps, actual usage remains minimal. Most trading activity appears speculative rather than utility-driven.
Token Distribution and Governance
The token distribution raises significant concerns. A large portion of tokens is concentrated among a small number of addresses, and there is limited transparency regarding team token holdings and vesting schedules. The project has faced criticism for lack of clear documentation about token allocation.
Development Activity
GitHub repositories show irregular development activity. While updates are posted on social media, verifiable technical progress has been inconsistent. Marketing efforts significantly outweigh visible development work.
Founder Transparency
The project's leadership structure lacks transparency. The founder(s) remain anonymous, which is concerning given the scale of the project and its financial implications. There have been multiple community reports of communication issues and unclear decision-making processes.
Crypto Impact
To assign a comfort level investing in Bitgert from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Bitgert.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
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You can change your vote if you change your mind.