What Is Bitgert? A Scam Or An Innovative Chain?

Bitgert (BRISE) is a blockchain that claims to be the world's first blockchain with near-zero gas fees. It was launched in July last year and built on the Binance Smart Chain (BSC), which rebranded itself as the BNB Chain.

While better known chains like Solana can make 50,000 transactions per second and Ethereum does 15, but Bitgert claims it can handle 100,000 per second with near-zero gas transaction fees ($0.00000001), as per a Medium blog. Near-zero gas fees mean that transactions on the BRISE chain can happen as fast as traditional payment methods but no additional costs.

Bitgert offers a range of products like Audit Solutions with Leaderboard Support, BRISE dApp Wallet, BRISE staking, BRISE Swap and Bitgert Bridge.

The project was earlier known as Bitrise and was rebranded to Bitgert in December 2021.

Interestingly, a community has been created on Reddit to expose the "lies" of the project, by the name of 'Bitrisetokentruth.' In one of the posts, it was revealed that the Bitgert/Bitrise wallet has been removed by Google Play and the people who had their investments in the wallet have lost those.

"Finally! No more victims of Bitgert scam wallet. I found that "Brise Wallet" SCAM in late 2021 (it was BITRISE wallet). Of course I was blocked on Bitrise group," revealed a Reddit user.

As per a report from Analytics Insight, Centcex partnered with Bitgert. The above-mentioned Reddit community believes that Centcex is a firm comprised of the same developers.

"So all they doing is: make dumb products or illusory promises, wait until the price goes up and start their auto-buy-sell bots, cause only him can buy/sell without 12% tax fees," revealed another Reddit post.

Most of the positive articles on Bitgert floating around the Internet are published by Analytics Insight or NewsFileCorp, as per the post, which is another red flag.

Another huge red flag for BRISE holders is the top 10 wallets hold nearly 81.92% of the entire supply, while the top 100 wallets hold 93.95% of the supply, as per data presented by CoinCarp.

The crypto space is rife with scams and rug-pulls, and many investors have been cheated of their hard-earned money by scammers. That is one reason why regulators the world over want more regulation and control of the crypto space. It is difficult in this unregulated space to separate the wheat from the chaff. The average investor can only guide himself through red flags raised by users on the Internet. While that is not a fool-proof method, because some of them could be from people with an ax to grind, such red flags do serve to avoid losses to scamsters.

International Business Times tried to reach out to Bitgert for its comments, via a contact form on its homepage and a contact page (https://bitgert.com/audits/public/contact) but the messages failed to send. From the homepage, the "Send" button remained red and no indication was received that the message was actually sent or received; and from the contact page link, it returned the message "Access denied."

There was no email address available on the website to contact the Bitgert team.