The world’s leading cryptocurrencies are being hit hard by the current bear market but there are a handful of coins that are continuing to grow and generate steady passive profits despite the downturn.
One such coin is RBIS, the native token of ArbiSmart, an interest-generating wallet and financial services ecosystem. Over the last two weeks the coin has climbed over 60% and it is continuing to gain momentum. Meanwhile, analysts are projecting that by Q1 2023, the coin will have risen to 54 times its current value!
A newly launched wallet
The project was launched in 2019, and since then, RBIS has been gaining an increasing amount of attention from some of the industry’s biggest players, with top crypto exchanges including Binance and Coinbase publishing guides to buying the token. Much of the recent interest in RBIS relates to the launch this week of the ArbiSmart interest-bearing wallet.
The wallet provides an EU authorized secure storage, while guaranteeing unparalleled rates of up to 147% a year on RBIS and 49% a year for all other supported currencies. These include major FIAT currencies like EUR, USD and GBP, as well as leading cryptocurrencies like BTC, ETH, XRP, BNB, COMP, APE, AXS, LINK, AAVE and many more.
Wallet holders can also choose between a wide range of savings plans, locking funds for a period of two, three, or five years. Meanwhile, the daily interest earned on the savings plans can be sent to an open balance for withdrawal at any time, or it can be kept in the locked balance, along with the original deposit, for an even higher interest rate.
Owning RBIS has multiple financial benefits, and these incentives increase overall demand, making the wallet holder’s RBIS even more valuable.
The more RBIS the wallet holder owns, the higher their account level will be, and the higher the interest rate they earn on all the supported currencies stored in their wallet. In addition, interest rates are almost three times higher for RBIS savings plan balances.
Another incentive to buy the token is the fact that one RBIS is equal to one vote, so holding more RBIS also means more influence over the future direction of the ArbiSmart project.
All these factors are likely to boost demand for the token. Moreover, with the launch of the new wallet, the RBIS token price should climb even higher as a result of “supply shock”. Over the next few weeks and months, as wallet ownership gains momentum, an increasing amount of RBIS will be taken out of general circulation to be locked in savings plans for periods of two, three or five years. This will decrease the limited RBIS supply and further increase token demand.
A steady revenue stream
Even as crypto prices tank, the ArbiSmart wallet offers consistent passive profits. Whether a wallet owner holds crypto or FIAT, they can continue to receive interest in return for storing their funds in a locked savings plan, while they wait for the market to bounce back. In fact, within just two years they can almost triple their capital.
As more users store funds in an ArbiSmart wallet to wait out the storm, RBIS will strengthen, generating great capital gains too.
Another RBIS utility that can generate passive profits in a bear trend is ArbiSmart’s automated crypto arbitrage service. It exploits brief windows in which a coin is available at different prices at the same time. Temporary price differences across exchanges are common and they arise equally frequently in a bear or bull market, generating up to 45% a year, for the ArbiSmart user, depending on the size of their investment.
Additional RBIS utilities
Throughout the second half of 2022, multiple new financial services are going to be introduced, expanding the ArbiSmart ecosystem, and each of these services will require use of RBIS.
These new utilities in the pipeline mean additional passive revenue streams as well as increased demand for RBIS, which in turn means higher capital gains on the rising value of the token.
In Q3 and Q4, ArbiSmart is launching a mobile version of the platform, as well as a decentralized yield farming program, which will reward participants for staking with up to 190,000% APY as well as 0.3% of the fees from each trade. The second half of the year will also see the release of a collection of unique digital artworks, as well as the introduction of an NFT marketplace where visitors will be able to buy and sell Non-Fungible Tokens. At the tail end of 2022, ArbiSmart also plans to launch a cryptocurrency exchange as well as a play-to-earn, gaming metaverse.
All these RBIS utilities will be interconnected, further driving demand. For example, ArbiSmart is including a gamification element in the decentralized yield farming service and an NFT from the marketplace might be served to boost the yield farmer’s APY, or be used in the metaverse as an avatar or other in-game item.
ArbiSmart’s bear-resilience, steadily rising token value, massive development push and multiple sources of passive profits have led to increasing global recognition and unmatched growth. So, it is unsurprising that the RBIS price is projected to hit $27 by early next year. To get hold of the token before the price explodes over the coming months, buy RBIS here.
The post RBIS Coin climbed over 60% in the last 2 weeks! appeared first on The Cryptonomist.
