Birake

What is Birake?

Birake's primary objective is to provide exchange owners and users within its network with the most extensive repository of orders and users, all while fostering substantial trading activity.

Birake will facilitate the interconnection of exchanges within its network and facilitate the exchange of orders and assets among them. Additionally, it will empower prospective trading platform proprietors to customize their exchange platforms with their own domain name, branding, logo, and personalization. The Birake Network serves as a central repository for openly sharing orders across all exchanges operating on the network. This allows traders to access multiple exchange platforms simultaneously through the Birake exchanges network.

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Recent Video Interview

Main points of the interview:

• Bitrake aims to decentralize exchanges, allowing others to build on their platform.
• The exchange offers unified order books, users, and assets for new exchanges.
• Four packages are offered, with revenue sharing from trading fees.
• Future plans include regulation compliance and expansion to 100 exchanges in a year.

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What Makes Birake Unique?

In contrast to other cryptocurrency platforms, Birake introduced a pioneering concept: "white labeling" trading technology, enabling customers to establish exchanges bearing their unique branding. White labeling involves providing a product to another company, which can then rebrand it as its own.

Initially, the concept of white labeling originated in the retail industry, where manufacturers removed their brand name and logo from a product, allowing a distributor to rebrand it. If you've ever bought a "store brand" product, you've encountered white labeling. Birake saw the potential of applying this concept to cryptocurrency exchanges.

According to Birake's website, their service empowers everyone to rent and own their exchange platform. As all exchanges utilizing Birake share their orders, your exchange will immediately have a wealth of active buy and sell orders from day one.

Birake's Features

Real-Time Cryptocurrency Trading: Birake offers a decentralized exchange (DEX) trading engine that excels in efficiently matching trades. This means that buyers and sellers can easily place orders and find the best pricing matches.

Global Order Book Sharing: All exchanges on the network benefit from the active orders across the entire network. New exchanges immediately enjoy a user base and orders from day one.

Comprehensive Security: Birake operates on DEX technology, ensuring a higher level of safety compared to centralized platforms.

Secure Wallets: Through the DEX platform, wallets are completely isolated from the exchange platform, enhancing security.

A Wide Range of Coins Available: All the coins listed on Birake network exchanges are openly shared among the platforms.

Birake Team Background

Birake's journey commenced in 2010 as a software company primarily operating in South America, founded by Bogdan Mavrodin, Razvan Dinu and Theodor Radu. As stated on the exchange's website, Birake had a history of deploying automated trading systems, exchange platforms, and products within the encryption domain.

While immersed in the industry, Birake's developers encountered numerous cryptocurrency trading platforms that frequently suffered from overloads or extended periods of inoperability. Frustrated by these issues, they began conceptualizing the Birake platform.

Following their initial coin offering and distribution, Birake proceeded to develop exchange software compatible with 59 different cryptocurrencies by 2019. The first alpha version of the Birake exchange was unveiled in October, followed by the launch of a beta version in late 2018. By January 2019, users had the ability to establish their own personalized exchanges. The white-label exchange was introduced in the same year.

Birake Project Development

The most recent updates to Birake include improvements to Last Paid V2 and Masternode Payment V2. These updates offer faster performance for the listmasternodes command, making it easier to monitor masternodes. Users can now manage multiple masternodes on a single server, enhancing efficiency and rewards. Additionally, a Masternode Collateral Window feature allows for easy collateral adjustments. Users can upgrade masternode protocols without restarting, and a UI privacy mode has been introduced. Staking improvements are available with a staking hash rate report on the dashboard, but staking needs to be activated to use these features.

Birake Price Analysis

As of November 24 2024 Birake has a marketcap of $201K. This is {{percentagefromath}} from its all time high of $0.579365. In terms of its tokenomics, there's a total supply of 342M with 100% currently outstanding. Keep in mind Birake has a fully diluted value of $201K which many investors might interpret as overvalued.

Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.