Nowadays, the cryptocurrency world is being driven by memes, shitcoins and non-functional tokens, created on several different networks and blockchains, which serve no purpose at all other than tricking users into trading those assets to create market fluctuations that are backed by no specific reason at all and are all artificially made. This mess must come to an end, and cryptoandreviews.com is here to do that.
The benefits of BlueBit are closely linked to the utility of the tokens which will be reviewed on this article.
Cronos, PancakeSwap and The Sandbox all had a quick run up when they were introduced into the market. Many people invested in the initial idea while others didn’t. You know the rest of the story as of today.
A lot of investors have hurriedly delve into investing on a project they have little knowledge about Due to Fear Of Missing Out. So on this article, we will review BlueBit token by explaining what the coin is about, insights on the project listing the pros and cons, the supply and how legit/safe the token is for investment.
Please note; This is not an Affiliate Link related article, neither is it a Promotional Article.
What is BlueBit?
BlueBit Finance is a decentralized yield aggregator protocol on Aurora. The protocol is designed to give users with superior UI and UX which is secure, accessible, and efficient in terms of yield farming strategies. This would cater to the growing user base of Aurora with different risk tolerances.
BlueBit will be the first protocol that bring the vote escrow model into Aurora, by locking utility tokens to governance tokens, users will be able to earn platform fee rebates, boosted yields, and voting rights for protocol governance. The mechanism is a proven path to effectively solve liquidity problems while aligning users’ goals with platform’s in the long term, so as to solve liquidity problems with traditional DeFi 1.0
For DeFi degens and yield hunters, BlueBit has designed its farming strategy in a unique way. The protocol is employing a Farming Philosophy that depositing into BlueBit vaults will generate profit in six different ways through trading fees, auto-compounded yield, native token rewards, weekly rebates, up to 2.5X rewards boosting, treasury bonuses which should address inflation issues.
There is no data about BBT supply yet.
Pros and Cons of BlueBit
Pros of BlueBit
- There is a surge in the market price currently
- Project whitepaper available
- Contract on Aurora
- They are fully decentralized
- A lot of investors are ‘flocking’ to invest
- It is listed on coinmarketcap
- Good navigational website
Cons of BlueBit
- The coin is still under research and development
- Multiple issues with its synchronizations between ledgers
- Not listed on some exchanges
- No Github profile
- They have no reddit account
- No Bitcointalk thread created
- No traceable features on tradingview
Is BlueBit Legit or Scam?
A cryptocurrency project requires you to part with your hard earned cash in order for you to become successful. You expect some level of transparency and professionalism from a project or the team that is asking for your money.
According to research and reviews, BlueBit have developed a problem solver but with a weak back up for the token they produce. Going through their community and roadmap about their project, their visions and aims have so far been achieved.
Is BlueBit Safe?
Being willing to invest in any token is a question entirely up to you to answer. BlueBit token has a formidable team and vision to backup their digital assets and project. The project will succeed but depends if the team keeps the vision active and alive.
Make personal research on the coin, visit coin’s official website.
Follow our blog to learn about coin legitimacy. You can share your thoughts and experiences about BlueBit on the comment section below. Don’t forget to rate and leave a review.