Bitgert
Crypto Overview
Overview
Bitgert (BRISE) is a crypto engineering organization that launched in 2021. The project claims to be developing a complete DeFi ecosystem including a proprietary blockchain (Bitgert Chain/BRC20), decentralized exchange, NFT marketplace, and various DeFi protocols.
Purpose and Utility
The stated purpose of BRISE is to serve as the native token of the Bitgert ecosystem, used for transaction fees, staking, and governance. The token operates on both Binance Smart Chain (as BEP20) and their own Bitgert Chain.
Business Model Analysis
The project focuses on building blockchain infrastructure and DeFi applications. While some aspects like their exchange appear operational, many promised features remain in development. The core business model of providing blockchain infrastructure and facilitating transactions is fundamentally halal.
Real-World Adoption
The Bitgert Chain processes transactions, though volume remains relatively modest compared to major chains. The ecosystem includes some operational dApps and partners, primarily focused on DeFi and NFTs.
Token Distribution
Initial token distribution included allocations for development, marketing, and ecosystem growth. While specific founder allocations are not fully transparent, there are no clear red flags in the distribution model.
Development Activity
The project shows ongoing development activity on their blockchain and associated products, though with varying levels of intensity. Updates to their roadmap and technical documentation occur periodically.
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.