Bitgert
Crypto Overview
Overview
Bitgert (BRISE) is a smart contract platform launched in 2021 that claims to provide near-zero gas fees through its proprietary blockchain. The project aims to build a comprehensive DeFi ecosystem with a focus on fast transaction speeds and minimal costs.
Intended Utility
The primary stated purposes of BRISE are: 1) Serve as the native token for gas fees on the Bitgert Chain, 2) Enable governance participation, 3) Support the development of DeFi applications on the platform.
Actual Utility
The Bitgert Chain is operational and processes transactions, though with relatively limited adoption compared to major blockchains. The ecosystem includes some basic DeFi applications, a decentralized exchange, and staking capabilities. Development activity appears ongoing based on GitHub repositories.
Token Distribution and Founder Analysis
The initial token distribution allocated 50% to public sale, with the remaining split between liquidity, development, and marketing. While this distribution is relatively fair, there have been concerns in the crypto community about aggressive marketing tactics and ambitious roadmap promises.
Additional Considerations
The core technology focuses on legitimate blockchain utility rather than gambling or interest-based activities. The network facilitates actual asset exchange and value transfer between parties. While some DeFi features exist, they appear to be focused on liquidity provision rather than interest-bearing mechanisms.
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.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.