What Is Bitrue (BTR)? Complete Guide & Review About Bitrue

What Is Bitrue (BTR)?

Bitrue was established by a group of blockchain enthusiasts with a goal of providing complete financial services for the currencies of the future. They are dedicated to providing safe, convenient, and diversified services to meet all crypto needs, including trading, investing, purchasing, staking, borrowing, and more.

Advantages

World-Class Team

Started by executives from the technology industry who developed a passion for blockchain, Bitrue is now an international team of experts in security, cryptography, finance, and other fields.

Secure, Stable, Efficient

Proprietary multi-level clustering structure & cold wallet with advanced security system ensures your funds will always be safe.

International Operations

The team is spread across offices in the US, Europe, and Asia. Bitrue Coin support staff are available 24/7 to assist with any queries.

Bitrue’s Asset Management Token

Utilizing BMAX as rewards, Bitrue attempts to solve the problems previously encountered by existing staking mechanisms & DeFi protocols. First of all, staking and yield farming would not be limited to only several pools, but will be invested in a wide variety of pools, without forgoing the need for proper risk management beforehand.

Secondly, one of the many reasons why crypto has amassed a big following over the years is due to the nascent nature of the industry that allows for higher returns as compared to traditional finance. Speculation is what keeps cryptocurrencies attractive to the mainstream market. This new generation of investors seek the highest return possible, and are willing to take the risk for it.

However, as tokens go through a growth phase and volatility subsides, so do the returns. While appetite for high yields remains strong, very few protocols have managed to keep up with the demand. This is where innovation comes in. Inspired by Lido and Osmosis’ double reward generating protocol, Bitrue aims to generate higher yield for its users through the reinvestment of the deposited assets.

Bitrue Investment Management Allocation Channels

Bitrue Coin automated investment protocol will reinvest the user’s deposits into three types of investment vehicles, which includes staking of Proof of Stake tokens, investment to DeFi protocols including liquidity pools and lending, and lastly quantitative trading. Rewards earned will be in the form of BMAX tokens. The rewards earned will be much higher than what has generally been available on the platform previously, with a goal of setting the average APY to 15-100% above the existing vehicles.

Staking

The first form of investment of which users’ funds will be directed to is Proof of Stake token staking. With the existing amount of layer-1 blockchain protocols, the users’ funds can be lent out as a validator in exchange for a stable passive income. Some examples of supported blockchains include Ethereum (ETH) and Cardano (ADA), two blockchains that It has supported significantly in its history. Staking on these blockchains usually allows for up to 25% APY. As these coins have been around for quite some time their legitimacy is established, and their price is less volatile compared to newer crypto tokens.

Other DeFi Protocols

The second channel for depositor’s funds will be DeFi protocols that comprise liquidity pools as well as lending protocols. DeFi protocols usually provide higher returns when compared to staking. At Bitrue, they refer to the liquidity pools as yield farms. Yield farms play an essential role in Bitrue’s investment mechanism, apart from the initial yield farm at the outset, deposits will also be allocated to various liquidity pools at our yield farming hub.

Yield farms usually come with APYs above 50%, and can sometimes be close to 100%. As yield farms naturally come with a risk of impermanent loss, the other investment vehicles will act as a hedge in the event of losses occurring due to price fluctuations in the farms. Lending in DeFi protocols such as Aave and Compound also allow for 5-20% APY, this is also another source of income that the Bitrue Coin investment management system will take advantage of.

Quantitative Trading

In addition to the deposits being able to be used for staking and liquidity providing, assets deposited can be used to trade on the platform. The token will be available for both spot and eventually futures trading, with various trading pairs. Trading on Bitrue is simple and efficient. It should be noted that trading will incur a 10% transaction fee, whereas 90% of the returns from trading will be redistributed to the rewards pool.