The current crypto climate makes it tough to monetize digital assets securely, but an increasingly popular option is to place crypto capital in an interest-bearing wallet.
Rather than leaving your capital to just sit there, as you wait for the market to recover, a wallet lets you put it to work generating consistent passive profits, even in a bear market.
Right now, there is a great deal of buzz about the launch of a new, EU authorized wallet introduced this week by ArbiSmart (RBIS). Let’s examine it a bit more closely and see if it looks able to live up to the hype.
A savings option for everyone
One of the ArbiSmart wallet’s most notable benefits is its versatility. To start with, it supports a huge choice of currencies, from FIAT giants like EUR, USD, and GBP to top digital currencies like BTC, ETH, XRP, COMP, BNB, APE, AAVE, AXS, and LINK, to name just a few.
Wallet holders can lock their funds in a savings plan for periods of two, three or five years. They can then decide to have the interest on their savings, which is paid out daily, sent to a separate, unlocked balance, where it is instantly accessible. Or, the daily interest can be kept in the locked savings balance, alongside the capital on which it is being earned, for a higher interest rate.
An unmatched profit in all types of market
A primary advantage of the ArbiSmart wallet is that it generates industry-leading interest rates of up to 147% per year on RBIS, the native token, and 49% per year for all other supported FIAT and digital currencies. Also, the profits are just as steady and reliable in a bull or bear market.
The amount of RBIS held by a wallet holder decides their account level. This is what determines the amount of interest they receive on all supported FIAT and crypto savings balances. So, holding the native token means they can make a steady profit from their Euro or Bitcoin even during a crash, potentially more than tripling their capital in just two years.
As a result, RBIS demand is likely to grow over time, generating a second source of passive profits, from the rising value of the token.
Boosting profits with capital gains
Use of RBIS is incentivized in multiple ways that are likely to increase token demand and generate capital gains. For example, RBIS balances earn three times higher interest. Also, even if the savings balance is in USD or ETH, the wallet holder can choose to receive the interest on their capital in RBIS for a higher profit. Then there is also the fact that one RBIS is equivalent to one vote, so more RBIS translates to greater influence over the future direction of the ArbiSmart project.
In addition to all these RBIS incentives boosting demand, the price is likely to be pushed up by supply shock. Over the coming weeks and months, as the new wallet grows its user-base, a sizable amount of RBIS will leave general circulation as it gets locked in savings plans for between two and five years. As a result, the token supply, which is finite, forever capped at 450M RBIS, will shrink. Meanwhile, ArbiSmart is introducing multiple additional RBIS utilities in Q3 and Q4 of 2022, which should further increase token demand and drive up the RBIS price.
Just last month, the RBIS token rose in value by more than 65% and analysts are projecting a climb from the current value of under $1, to $27 by Q1 2023.
A rapidly expanding ecosystem
In the second half of 2022 a number of new services are being launched as part of a massive ArbiSmart ecosystem expansion, all of which will require use of the RBIS token. In Q3, a mobile application is being introduced to enable the exchange, storage, purchase, deposit and withdrawal of funds. This will be immediately followed by the launch of a decentralized yield farming service, rewarding users for staking funds with 0.3% of the fees from every trade as well as up to 190,000% in annual percentage yields.
Almost simultaneously, ArbiSmart is releasing a collection of thousands of one-of-a-kind digital items as well as an NFT marketplace, where users can securely buy and sell non-fungible tokens. By the end of the year, the project developers also hope to introduce a play-to-earn metaverse, which is currently in development, where visitors can buy, develop, and sell virtual real-estate, as well as a crypto exchange.
All these RBIS utilities being added to the ArbiSmart ecosystem will be fully interlinked, so a participant in the yield farming program, which has unique gamification features, will be able to buy APY-boosting Non-Fungible Tokens in the NFT marketplace. This interconnectivity will further increase RBIS liquidity and demand, generating higher returns for ArbiSmart wallet holders.
It appears that the hype about the new ArbiSmart wallet is more than justified, when we consider its industry-high interest rates, bear-resilience, and the consistent growth in demand for the native token, RBIS, which is rising in value, even as other coins tank. To get hold of the token before the development push kicks into high gear in the second half of the year buy RBIS now!