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Can Bitrise (RISE) make money from mobile apps?

The creators of Bitrise (RISE) bet their blockchain could make money from mobile app development.

To explain, Bitrise offers a CI/CD (continuous integration and continuous delivery) solution for mobile app building. Bitrise claims to offer mobile-first features that could build, test, and deploy apps faster and more efficiently than other solutions.

For example, Bitrise claims to offer full mobile stack coverage that can operate on several platforms, including iOS, Android, Java, Swift, Objective-C, Kotlin, Samarin, Cordova, Ionic, React Native, and Flutter. In addition, Bitrise allows builders to store code anywhere including GitHub, GithHub Enterprise, GitLab, Gitlab Enterprise, Bitbucket, the cloud, and in hard drives.

Bitrise Setup and Maintenance

They claim Bitrise can build on pull requests, schedule apps to run at specific times and create webhooks. Strangely, they claim Bitrise allows people to build mobile CI/CD apps in the cloud for any platform without expensive hardware. That includes MacOS mobile apps.

They claim Bitrise can enable setup and maintenance with over 300 ready-made steps. Those steps include GitHub Status, Firebase, Bitbucket Snippet Runner, Slack, GitLab Status, Gradle Runner, Amazon S3 deploy, Codecov, Fastlane, Android Manifest, APK info, Get Info Android App Bundle, Android Build, Android Build for UI Testing, Cake Script, Cordova Android, Bluepill/Test for iOS, Cordova iOS, Jasmine Test Runner, Xcode Archive for Mac, Xcode Archive & export for iOS, Xcode Build for testing for iOS, Android Sign, iOS Auto Provision with Apple ID, iOS Auto Provision with App Store Connect, Bundler, Amazon S3 Bucket Sync, Amazon S3 File uploader, Deploy to Huawei App Gallery, AppCenter iOS Deploy, Appetize.io deploy, Deploy to iTunes Connect, Deploy to Bitrise.io, Google Play Deploy, Github Release, Android SDK Add-on Installer, Send Telegram Message, Send Twitter Message, and Android SDK Update.

Bitrise claims some major mobile app building teams including Babbel, Cheddar, Wallapop, Wise, Careem, Moz://a, Dena, Sixt, Piviv, ibotta, Drops, Zaim, eureka, Droids on Roids, Fueled, Hatena, homeis, Appaloosa, traveloka, EPAM, Dovetail, Savvy, Timers, Dojo, and Pulselive use its solutions.  

Some of the Bitrise  amenities offers include Continuous Integration, Building Security, Steps and Workflows, Mobile DeVops, Monitoring, and Bitrise CLI (command-line-interface).

How Much Money can Bitrise make?

Bitrise (BRISE) could make money from its services. For example, team pricing starts at $31.50 a month and velocity pricing at $2,500 a month.

In addition, Bitrise Hobby CI/CD is always free and they offer custom pricing for Enterprise Platform Building.

Some of Bitrise’s features include Auto-scaling, text reporting,  and automatic step and stack updates. Users can sign up for free and chose a plan later.

So how much money could Bitrise make? The worldwide mobile app market is enormous. For example, Statista estimates the global mobile app was worth $693 billion in 2021. Statista forecasts the global app market could grow to $808.7 billion in 2022 and $935.2 billion in 2023.

The Bitrise Token

Bitrise (BRISE) is a Binance Coin (BNB) token built by Bitrise’s crypto engineering organization. They call Bitrise (BRISE) a hyper-deflationary token, that means they have an enormous Maximum supply of Bitrise one trillion BRISE to keep the price as low as possible. The hope is that the low price can prevent inflation.

The same organization has built a Bitrise dApp Wallet. The wallet is a multi-coin app that can send, receive, store, and swap various cryptocurrencies. They will make the Bitrise dApp Wallet available for iOS devices in the Apple App store and Android.

They claim the Bitrise Token will reward investors with Binance Coin (BNB). For example, Bitrise plans to offer a 4% BNB reward for each transaction. In addition, they claim Bitrise will automatically pay wallet holder every 60 minutes, (one hour). There will also be a 5% buyback of Bitrise from wallets.

Users will buy the Bitrise Token through PancakeSwap with a MetaMask wallet. They are a developing a BitRise Payment System that will use the Bitrise (BRISE) token. The system will be a peer-to-peer (P2P) service for payments that uses the dApp wallet and converts their fiat currency to Bitrise with no transaction fees.

They are currently expanding BitRise to 20,0000 holders and building the Bitrise dApp Wallet. The company plans to activate the Bitrise Payment System (P2P) system when BitRise has 35,000 holders. They hope to develop a Bitrise P2P Lending Platform and a Bitrise Centralized Exchange when Bitrise has 50,000 holders. When Bitrise reaches 100,000 holders, they will begin development of a Bitrise Smart Chain (blockchain).

What Value Does the Bitrise (BRISE) Token have?

There is significant interest in the Bitrise Token. CoinMarketCap estimated the Bitrise Token was the most trending cryptocurrency on 31 October 2021.

Conversely, Bitrise (BRISE) was CoinMarketCap’s 2,927th most valuable cryptocurrency on 5 November 2021. CoinMarketCap gave Bitrise a Market Cpa of $148.588 million, a Fully Diluted Market Cap of $346.884 million, and a 24-Hour Market Volume of $4.322 million on 4 November 2021. They base those numbers on a Self Reported Circulating Supply of 428.30 BRISE and a Maximum Supply of one trillion, and a Coin Price of $0.0000003469.

 

In contrast, CoinGecko gave the Bitrise Token a Coin Price of $0.000000342264 and a 24-Hour Trading Volume of $1.683 million on 5 November 2021.

 

I think Bitrise is an interesting speculative cryptocurrency because an organization that makes money by selling genuine products and services created with its technology. Moreover, Bitrise’s business targets a growing market mobile app for which there seems to be an enormous demand. If you want to put some money into a speculative cryptocurrency. I think Bitrise (BRISE) is worth examining.

Originally published at https://marketmadhouse.com on November 4, 2021.