The Birake Coin

BIR Coin: Future-Driven Core of the Birake Exchange Ecosystem

BIR is the native cryptocurrency of the Birake Exchange, an innovative digital asset trading platform. As a cornerstone of the Birake network, BIR is envisioned to evolve beyond a traditional coin, offering a suite of utilities and advantages that are central to the future development of the exchange’s ecosystem.

Planned Features and Utilities of BIR Coin:

Reduced Trading Fees: In the future, holding BIR coins will offer users the benefit of lower trading fees on the Birake Exchange, incentivizing both the acquisition and retention of BIR within the trading community.

Staking Rewards: Planned staking opportunities for BIR coin holders are aimed at rewarding users for their loyalty and participation, while also bolstering the liquidity and robustness of the Birake network.

Governance Participation: The future roadmap includes giving BIR coin holders a voice in the governance of Birake Exchange. This feature is intended to grant voting rights in significant platform decisions, reflecting a commitment to a decentralized and user-driven approach.

Exclusive Feature Access: Possession of BIR coins is anticipated to unlock exclusive features and services on the Birake Exchange. This may include early access to new listings and special trading events, enhancing the trading experience for dedicated users.

Enhanced Affiliate Program: In the Birake Exchange’s upcoming enhanced affiliate program, additional BIR coin rewards are planned, aiming to enrich community engagement and reward active participation.

Cross-Platform Utility Expansion: As the Birake network grows, the integration of BIR coins into other services and platforms within the ecosystem is foreseen, extending its utility beyond the exchange.

The future of BIR coin represents a commitment to creating a versatile and user-centric cryptocurrency. Its multifunctional role in the Birake Exchange ecosystem is poised to attract and benefit traders, investors, and cryptocurrency enthusiasts, aligning with Birake’s vision of a comprehensive, innovative, and community-focused trading platform.

Our Community

At the same time, the developers work together with the community that has grown up around the coin.
Their support is rewarded through various reward programs:
– Interest on Coins Saved (Proof of Stake)
– Compensation for the provision of hardware (Masternodes)
– Improvement suggestions (Bounties)
– Support through contributions (Rewards)

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Masternodes

Passive income

An interesting way to earn revenue by providing technology is by providing a Masternode that runs on a proof-of-stake (PoS) base.

First and foremost, a Masternode, like any other full node, is a node server within a network. Full nodes are important because they process transactions and store them in the blockchain.

In addition, however, a Masternode operator has tasks and rights that a normal full node operater does not have. For this gets the operator high rewards.

In order to obtain the status of a Masternode, the Masternode operator must deposit a corresponding number of coins. For this and for the performance of the tasks and the provision of computing power and storage space, they  will receive rewards based on the corresponding Coins (Proof-of-Stake).

However, to be a Masternode operator, you first need to deposit some coins to the network as per the minimum threshold. Birake masternodes will receive 65% of each block reward.