BitDrive — A New Social Crypto Community That Offers Simple Investing

Published on: 15.03.2022

Introducing BitDrive – a new social crypto community offering fun and simple investing for everyone. The project is designed to help users explore the growing MetaFI universe to experience the freedom and joy of crypto without boundaries.

To further revolutionize the MetaFi universe, Bitdrive introduces Open Beta Social Crypto Community with Five-Tier Referral System.

After months of building in stealth and successful closed beta testing, BitDrive is ready to launch its open beta. Those who support the growth of the community will be able to earn passive income via its unique five-tier referral system.

BitDrive is built on BNB Smart Chain (BSC), a blockchain designed specifically for running smart-contract applications (Dapps). Unlike Ethereum, its transactions are both fast and low-cost.

Gateway to the MetaFi Universe

BitDrive has embraced the concept of MetaFI that includes sophisticated DeFi infrastructure covering all types of projects. This new umbrella term brings together, GameFi, SocialFi, Web3, NFTs and the Metaverse.

BNB Smart Chain has already become one of the most popular blockchains for blockchain gaming, primarily thanks to its cheap, fast transactions and thriving community.

One of the BitDrive’s initial goals is to build partnerships with the most exciting new MetaFI projects and jointly reward its communities for experimentation and play. The platform will also provide exchange services to support greater accessibility for each token.

Five-Tier Referral System

BitDrive has designed a unique five-tier referral system to help rapidly grow the most fun and social crypto community. Members will earn 20% of trading fee profits from their direct and indirect referrals.

The five referral tiers are listed below:

8% from level 1
6% from level 2
3% from level 3
2% from level 4
1% from level 5

The more your network trades, the more you earn! After sharing the link with your friend they will need to connect their wallet and confirm the referral link. You can collect your referral income once you have accumulated $10.
BitDrive Referral System

Innovative Decentralized Exchange Features

BitDrive uses an automated market maker (AMM) that allows users to exchange two tokens by using liquidity pools as a replacement for traditional buyer and seller markets. This algorithmic approach allows its community of traders to swap between two assets at a fair market price.

BitDrive has two extremely easy-to-use options for token swapping. One is the Quick Swap feature on its homepage.

BitDrive simplifies the swapping process and includes the option to Quick Swap tokens on the home page.

HOW TO USE QUICKSWAP?

Connect your wallet
Select the pair of tokens you want to swap
Type in the amount of tokens or use the slider
Click Swap
Check and accept notifications from your wallet

In addition, and unlike many DEXs, BitDrive Exchange page (below) includes an integrated chart function to help users make the smartest investment decisions. Additional advanced exchange features will be added soon.

HOW TO SWAP TOKENS ON BITDRIVE EXCHANGE?

Connect your wallet
Select the pair of tokens you want to swap
Type in the amount of tokens or use the slider
Click Swap
Check and accept notifications from your wallet

One of the features that BitDrive is extremely proud of is the Portfolio section which is designed to help users easily track their investments’ growth and reinforce the benefits of a diverse portfolio for appropriate risk management.

With smart, slick UI, competitive trading fees and advanced trading features, BitDrive is hoping to become a one-stop destination for all the investment and MetaFi adventures.

BitDrive Roadmap

BitDrive takes pride in the fact that they are building more than just an exchange — they are setting foundations for a thriving new community of investors, gamers, artists and more.

Photo below pictures out the the latest progress and upcoming development plan of BitDrive ecosystem.

BitDrive may adjust their future plans based on community feedback and will update their roadmap regularly.

EARN PASSIVE INCOME THROUGH LIQUIDITY POOLS

Earn passive income from a share of transaction fees. Liquidity Pools are a collection of funds that are locked in a smart contract. They are used to let others carry out transactions, including lending, borrowing and trading.

The liquidity that exists on exchanges comes from Liquidity Providers (LPs), users or entities in the crypto space, who stake their tokens in Liquidity Pools.

Liquidity providers stand to earn trading fees and other assorted crypto rewards from those exchanges where they contribute to the pool.

Provide Liquidity In 3 Easy Steps

Provide a pair of tokens to help others trade
Earn a share of transaction fees
Re-invest your LP tokens into farms for bonus rewards (coming soon)

When someone makes a token swap, a transaction fee of 0.3% will be charged. 20% is returned to liquidity providers in the form of a fee reward.

BitDrive Token

BitDrive stated that they believe a token should have sufficient utility before it is launched to the public. Keeping that in mind, BitDrive will explore launching a token sometime in the near future. The platform also plan to reward the most active and helpful members of the community with a range of benefits, especially those who get involved early. They actively encourage suggestions to improve the platform.

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