SPONSORED POST*
One of the best strategies for safely making money from your digital assets, in a bull or bear market, is to open an interest-bearing wallet.
Why? Because it involves zero effort, and minimal risk, while still providing a steady flow of interest that will consistently grow your balance, whether the market is climbing or crashing.
It’s also so simple, anyone can do it.
Step 1: pick the best wallet
The best wallet will be highly secure, offer a wide range of supported currencies, a broad choice of savings plans and of course generous interest rates.
One of the top contenders on the market right now is a relative newcomer. ArbiSmart is a crypto financial services ecosystem that introduced an EU authorized interest-bearing wallet just last month, which generates industry-high profits of up to 147% a year.
Users can choose to benefit from ArbiSmart’s European registration and authorization to simply store their capital safely, interest-free, or they can open a savings plan where funds are locked, for periods of one month, 3 months, 2 years, three years or five years, earning higher interest the longer the lock on the funds.
The wallet currently supports 25 different FIAT and cryptocurrencies, including popular traditional currencies like EUR, USD, and GBP, as well as the biggest names in crypto from BTC, ETH, BNB, and COMP, to APE, MANA, SHIB and AAVE, as well as many others.
The flexibility of the wallet also means that users can choose how to receive the interest, which is paid out daily. It can be sent into a separate, available balance where it is accessible 24/7, or it can be added to the locked balance, alongside the capital on which it is being generated to earn a higher interest rate.
Step 2: optimize your profit potential
Once you have your wallet you need to see if they offer any means of boosting your bottom line and frequently this depends on how the project token economy is structured.
Returning to our ArbiSmart example, you can optimize your profits substantially, by purchasing the native token, RBIS.
The more RBIS you own, the higher your account level, and it is your account level which decides the amount of interest you receive. In other words, by purchasing RBIS you will earn a higher rate on your Bitcoin or Euro balance.
Another significant motivating factor is that RBIS balances earn three times more interest than balances in any other currency. If you choose not to convert your FIAT or crypto into RBIS, you can still optimize your profits by choosing to just receive the daily interest on your savings in RBIS.
The wallet has not been around long, but since the launch in July 2022, it has been steadily gaining a growing userbase. As token demand grows, with more people locking RBIS in wallet savings plans, the number of available tokens in general circulation will decrease. The RBIS supply is already finite and as demand outstrips supply the price will rise leading to sizable capital gains. In fact, analysts have projected a massive rise in the value of the RBIS token from the current price of under $1 to $14.5 by the end of the year!
These capital gains will rise even higher with the introduction of multiple additional utilities in Q3 and Q4 2022, all of which will require use of the RBIS token. It is also important to note that each of these services will also offer its own independent revenue stream, such as gaming, liquidity mining, NFT trading and more.
Step 3: look for ways to supplement your profits
Later this quarter, ArbiSmart is releasing a mobile application that will allow users to buy, store, exchange and sell crypto. At the same time, the development team will also be launching an NFT marketplace, in addition to an exclusive collection of thousands of unique digital art pieces. This will be almost immediately followed by the launch of a decentralized yield farming program that will reward liquidity providers with 0.3% of the fees from each trade plus up to 190,000% APY. By the end of the year, ArbiSmart also plans to introduce a play-to-earn gaming metaverse, as well as a professional cryptocurrency exchange.
All these services are interlinked and use of one service will ensure more attractive terms when using any other in the ecosystem. For example, an NFT bought in the marketplace can be used as an in-game item in the metaverse. Holding an ArbiSmart NFT will also guarantee a higher APY in the yield farming program.
By choosing a high-interest, EU authorized wallet that functions within an expanding financial services ecosystem offering multiple revenue channels, you can easily double or triple your crypto whichever direction the market is moving.
To start earning a profit from your digital assets within just 24 hours, open an ArbiSmart wallet today!
*This article has been paid. The Cryptonomist didn’t write the article nor has tested the platform.
The post Use this strategy to safely double your crypto by December 2022 appeared first on The Cryptonomist.
