Bitcoin has sunk below $20, and many other digital currencies are continuing to lose ground, as the bear trend persists. Yet, this is not the case for all the coins in the crypto space, in fact some are not only surviving but actually thriving in the current climate. One such coin is RBIS, the native token of the ArbiSmart project, which is in the middle of a major growth spurt.
Let’s examine what’s behind the success of the token and whether it is likely to hit $14.5 by the end of this year, in line with analyst predictions.
A Perfectly Timed New Wallet
As a result of the recent crash, many digital currency owners are turning to interesting-generating digital wallets as a safe harbor for their crypto, where they can earn consistent passive profits on their capital as they wait for the storm to pass.
At the start of this month, ArbiSmart introduced its new EU registered and authorized wallet, which offers secure storage and interest of up to 147% a year.
In addition to industry-high rates, the wallet also has a few other interesting features:
The wallet supports a truly massive selection of both FIAT and cryptocurrencies, including traditional currencies like EUR, GBP and USD, as well as all the coins like BTC, XRP, ETH, COMP, LINK, AAVE, BNB, APE, USDT, AXS, MANA, and many more.
There are also a variety of wallet plans. Users have the option to keep their capital accessible or lock it in a long-term savings plan to earn interest, with a longer lock meaning higher profits. The daily interest can be automatically transferred to an open balance where it can be withdrawn, any time, or received straight into the locked balance alongside the capital on which it is being earned, for a higher interest rate.
A Smart Token Economy
Another lucrative feature of the ArbiSmart wallet is that it offers a series of incentives for using the native token. As a result, RBIS demand is on track to increase substantially.
One of the primary benefits of owning the native token is that the more RBIS you have, the higher your account level and the better the interest rate you receive on FIAT and crypto balances.
Also, all the wallet’s supported currencies earn up to 49% a year, aside from RBIS, which earns up to three times that amount. Additionally, if wallet holders choose to receive daily interest in RBIS, even on a balance in another currency, they will earn a higher rate of interest.
As the wallet gains momentum, and more RBIS gets locked in savings plans in the coming weeks and months, the amount of RBIS in general circulation will drop. While the limited supply shrinks, demand will keep climbing driving up the price. So, in addition to unmatched interest rates, wallet holders can also earn passive profits from capital gains on the rising value of the token, even as other, more established coins remain in freefall.
ArbiSmart is also introducing a stream of additional, interconnected utilities in the second half of 2022, all of which will require use of the RBIS token, further pushing up demand.
Major Expansion in the Pipeline
This quarter, ArbiSmart is launching a mobile application, which will enable the user to buy, exchange, store, deposit and withdraw funds from their phone. In Q3 and Q4, the project is also introducing an NFT marketplace for the purchase and sale of non-fungible tokens; a collection of thousands of unique digital artworks and other virtual items, as well as a decentralized yield farming program offering liquidity providers 0.3% of each trade plus up to 190,000% APY. The tail end of 2022 is also expected to see the release of a cryptocurrency exchange, plus a gaming metaverse, where visitors can buy, sell, and develop virtual plots of land for real-world revenue.
Use of one RBIS utility will mean higher profits elsewhere in the ecosystem, as the entire ArbiSmart hub is interlinked. For example, an NFT purchased in the marketplace can be used to boost the owners APY in the yield farming service, which has special gamification features. Alternatively, the NFT can be used as an avatar of in-game items in the metaverse, further increasing RBIS liquidity and driving demand.
With all the uncertainty surrounding the crypto space these days, ArbiSmart (RBIS) presents a reliable, secure home for your digital assets. It offers a number of passive profit streams, safe storage and consistent interest rates, in either a bull or bear market. The price is also expected to take off, reaching 28 times the current price by the end of the year, based on the recent launch of the wallet, and the upcoming introduction of new RBIS utilities over the months ahead. Want to get hold of the token while it is still well priced? Buy RBIS now!
*This article has been paid. The Cryptonomist didn’t write the article nor has tested the platform.