It has been a particularly volatile few months for the crypto market but even as prices remain depressed there are still a variety of ways to generate a massive profit from your crypto, at minimal risk.
One of the safest ways to potentially more than double your crypto, even in a bull market is with an interest-generating wallet. To understand the practicalities, we’ll be using the ArbiSmart (RBIS) wallet and financial services hub as our example.
Generate Revenue in Any Market
The first step to profiting from your crypto in a downturn is to take measures to ensure that while you wait for the market to bounce back your money is still hard at work.
For example, the ArbiSmart ecosystem offers a variety of bear-resilient services, such as its automated crypto arbitrage system, which generates passive profits of up to 45% a year and its new EU authorized interest-generating wallet, launched in early July, which offers industry-leading rates of up to 147% APY.
Both these services are highly attractive to investors not only because of the sizable passive profits that require nothing more than registration and deposit, but also because they generate consistent returns, whichever direction the market is moving.
Crypto arbitrage makes money from temporary price disparities across exchanges, which occur with the same regularity in a bull or bear market, providing a great hedge against falling crypto prices.
Equally, the ArbiSmart wallet securely stores your BTC or Euro, while paying out the daily interest on your savings at exactly the same rate, whether crypto prices are soaring or sinking.
Here’s how it works:
The wallet supports a choice of 25 different FIAT and cryptocurrencies from EUR, USD and GBP, to BTC, ETH, MANA, APE, SHIB and many more. Wallet holders can choose to keep funds interest-free but always accessible or lock funds in a savings plan for short periods like 1 month and 3 months, or for longer periods, like 2, 3, or 5 years for much higher interest. How interest is received can also be tailored. Users can choose to send the daily profit to a separate, available account for withdrawal at any time, or add it to the locked funds and get a better rate.
Maximize Your Wallet Profits
Whichever wallet you choose, make sure to check if there are ways to increase your APY without adding a significant sum to your savings capital.
One of the best ways to optimize profits with an ArbiSmart wallet, is to take advantage of the various incentives for ownership of the native token, RBIS.
Firstly, the amount of interest you earn is based on your account level, which is determined by the amount of RBIS you own. In other words, the more RBIS you hold, the higher the interest rate you will receive on your ETH, COMP, USD or GBP savings balance. At the highest account levels, you also benefit from compounding.
It is also important to note that RBIS balances earn three times higher profits than balances in any other FIAT or digital currency. If you don’t wish to convert established coins like Bitcoin, Ether and Euro into RBIS but still want to boost the interest rate on your savings balance, you can choose to just receive your daily interest in RBIS.
As the recently introduced wallet continues to gain momentum, growing its user-base, more RBIS will get locked in savings balances. Since the amount of RBIS that can ever be created is permanently capped at 450M, as the supply shrinks, and demand grows, the RBIS price is on track to rise. In fact, analysts are projecting RBIS is set to soar in value over the coming months.
The way the token economy is structured, by buying RBIS you will be receiving unrivalled interest rates on your savings capital in EUR and BTC, while also potentially benefiting from capital gains on the rising value of the RBIS you’ve purchased.
Demand for the token is likely to be driven higher in the months ahead with the addition of multiple new utilities to the ArbiSmart ecosystem in late Q3 and Q4 2022, all of which will require use of RBIS. These will not only potentially push up the price and generate substantial capital gains, but they will also each present fresh revenue streams from yield farming and trading to online gaming and NFT investment.
Explore Opportunities Across the Ecosystem
Another great way to increase your profits is to see what other revenue opportunities the ecosystem offers.
This quarter, ArbiSmart will be introducing a mobile application for buying, selling, storing and exchanging crypto, as well as an innovative spin on decentralized yield farming. The upcoming yield farming program will have a range of unique gamification functions and will reward liquidity providers with 0.3% of the fees from each trade, plus up to 190,000% APY. These services will be followed up by the launch of an NFT marketplace where anyone can buy or sell non-fungible tokens, as well as the release of a one-of-a-kind collection of thousands of digital artworks. In Q4 a cryptocurrency exchange will be launched as well as a play-to-earn, gaming metaverse, where visitors can earn real-money for purchasing, developing and selling virtual plots of land.
All these RBIS utilities are interconnected, and users receive better terms when using additional ArbiSmart ecosystem services. For example, you can maximize profits by using a marketplace NFT to improve your yield farming score and earn a better APY.
The reasons for analyst optimism about the future of ArbiSmart (RBIS) are clear, as the project is offering the right type of financial product at the right time. The EU authorized and registered ecosystem generates secure, steady profits via multiple sources simultaneously, and users continue to see consistent growth in both bull and bear markets.
If you want to put your crypto or FIAT to work on your behalf, and earn sizable passive profits at exceptionally low risk, whichever direction the market is moving, open a wallet today!
*This article has been paid. The Cryptonomist didn’t write the article nor has tested the platform.