What is Bitsubishi (BITSU) crypto? Why is it up over 4,000% today

Highlights

• Bitsubishi is a community-driven cryptocurrency and is controlled by its investors only
• BITSU digital token skyrocketed more than 4000% today
• This crypto has gained prominence in the last one month

The crypto market has been severely battered in the last few days with most of the leading cryptocurrencies losing more than half of their peak valuation. However, newly-listed Bitsubishi (BITSU), which is a decentralised cryptocurrency and aims at become the safest digital asset globally, is grabbing all the attention today.  BITSU crypto gained over 4000% in the last 24 hours. At the time of drafting this article, BITSU crypto was up 4,025% to trade at US$206.57 apiece, according to data available on CoinMarket, which has recently listed the token on its platform.

BITSU crypto was the biggest gainer on CoinMarketCap today. Bitsubishi took to microblogging platform Twitter to inform the market that:

The 100% community-driven digital asset had a market capitalisation of $59 billion and it had registered a trading volume of US$0.6 million at the time of drafting this piece.

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Everything you should know about Bitsubishi

Bitsubishi is a decentralised and community-driven digital asset. It is not controlled by any entity, organisation, individual or group. It is a digital currency, whose supply is controlled by its investors only. Bitsubishi desires to be used as a global payment method by companies and organisations, where investors and people can safely and easily conduct financial transactions. 

Bitsubishi runs on the BEP 20 network. BEP20 is the most common Ethereum token standard. It is an extension of ERC 20. It can be understood as a blueprint for tokens that tells the way tokens are spent and related usage.

Bitsubishi claims that it charges ultra-low processing fees and has immense growth opportunities. In addition to this, there is a scope for innovation and global adoption.

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According to the whitepaper of Bitsubishi only 333 million tokens have been created and it can be increased. Also, this supply is not controlled by any one individual but the community-the investors who own the assets in the liquidity pool. Apart from investors, no one else has a supply of Bitsubishi, claim the whitepaper.

Bitsubishi claims that it is highly secure, even better than Bitcoin.  As per the whitepaper, the security is ensured as no one has control over the coins supply and liquidity pools. Moreover, the smart contracts on the network are renounced and audited.   

Other featured of Bitsubishi include-

• Transparency: The data on the network cannot be changed and is available to everyone. 100% transparency is ensured.
• Locking liquidity pools: The assets in the liquidity pool are solely owned by the investors, and the liquidity pool tokens have been locked in.

Where is BITSU listed?

If you are considering this token for investment, then it can be done on PancakeSwap, where it got listed last month. On 15 May 2022, BITSU got listed on OxPolygon. At the end of April 2022, it got listed on Binance (only price quote is available) and NOMICS, which claims to be the largest crypto index. By getting listed on Binance, BITSU had anticipated reaching millions of new users.

BITSU boasted about its network as it got listed on GoinGecko and CoinMarketCap last week. CoinMarketCap has ranked this crypto at 3,271th position based on its market capitalisation.

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If you are considering this token for investment, it should be noted that it is a newly listed token and can show wild swings on both sides. Given the present situation of the crypto market, it is highly advisable to properly assess the risks involved in this crypto before making any investment decisions.

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