Winter has arrived for the crypto business. One would possibly even say that it’s Christmas in July as a result of items crypto’s current downturn has introduced with it. For instance, we now have discovered that 19,000 energetic crypto tasks are just too many to maintain. Now, we will count on an approaching financial recession will filter 1000’s of defunct crypto tasks that launched in the course of the unsustainable bull market with no utility tied to them.
A cryptocurrency, crypto-currency, or crypto is a digital forex designed to work digitally as a medium of commerce that’s not reliant on printed currencies which might be managed by central authorities like governments or banks.
What’s Cryptocurrency?
Platforms that unwisely embraced the digital riff-raff are additionally struggling, whereas extra curated, user-centric platforms are seeming more and more extra prone to take their place. Though, in case your specific token provides worth, and in case you’re within the transition to Web3 for the lengthy haul, that is one of the best time to develop and enhance a mission.
Lots of people are nonetheless not acquainted with crypto, however everybody has heard rather a lot about it — some true, some little greater than hype. Even with a lot adverse publicity round crypto this 12 months, loads of customers nonetheless wish to dive in. Their expectations are in all probability extra lifelike now, although many stay not sure of the place to speculate. The sudden collapses of Celsius, Voyager, Three Arrows, and different exchanges are baffling even to crypto veterans, however exponentially extra so for newcomers. Crypto is supposed to be a clear, safe, and decentralized method to finance, not the identical broker-dealer mannequin with out the protections supplied by authorities insurance coverage.
We’re easing these folks into the crypto world by making the expertise of incomes their first cryptocurrency simpler and extra fulfilling by deploying a time-tested mannequin — crypto as a reward for spending. We have now designed a system the place our members can buy family and luxurious objects with their native forex and earn cashback in crypto. This fosters monetary inclusivity and, lastly, permits the opposite 99% to take part within the ongoing crypto revolution.
We named our platform Rewards Bunny as a result of we liked the concept of individuals incomes rewards that multiply like bunnies. However even with such a cute identify, we realized that most individuals had been unlikely to decide on our token from a listing of 1000’s of others. In any case, crypto has been marketed as an funding, not a utility. What mattered previously was primarily familiarity and momentum. In essence, in case you had been going to commerce {dollars} for crypto, you needed to imagine that these tokens had been burning sizzling sufficient to go to the moon.
With our platform, we selected a unique method. Quite than market hype, we supplied utility. As a substitute of constructing our token an funding, we determined to make it a reward for doing issues that individuals already get pleasure from doing. Thus far, we now have partnered with over 1,000 on-line retailers from AliExpress to Zulily. These partnerships present two main aggressive benefits: one, we profit from our affiliation with giant and in style world manufacturers; and two, we offer a crypto expertise that’s 100% stress-free, gas-free, and risk-free. We name our platform the world’s first next-gen gateway to crypto rewards and funds.
Up to now, the outcomes have been counter-intuitive, suggesting that we’re dialing right into a brand-new neighborhood, slightly than the identical crypto bros who seen Web3 as a cash seize. Greater than 80% of our customers are selecting Rewards Bunny tokens as fee forex when withdrawing. Ethereum is the least favorable possibility for our customers to date, which proves that persons are nonetheless open to new crypto tasks, although they nonetheless need extra than simply the mere hype that pumped up DogeCoin, Shiba Inu, and lots of others. They demand belief, and over time, they may worth loyalty.
Our problem now could be to implement extra ways in which customers can capitalize on their rewards. Thus far, we’re solely offering a straight withdrawal to a Binance Pay account or DEX pockets. We’re launching our membership tiers very quickly, permitting our members to stake their crypto rewards for extra vital advantages, like enhanced cashback.
As with something new, it helps to ease folks in. We be taught new issues by interacting. We’ll perceive and keep in mind them higher if the expertise is fulfilling. Our purpose is to make the transition from Web2 to Web3 simpler for everybody. Cryptocurrency is right here to remain, however so a lot of its potential advantages aren’t but totally understood. After being dominated by the identical tech giants, who management half of the Web and share our knowledge with abandon, the group is greater than prepared for decentralized finance.
To assist them alongside, in March, we launched a cellular app on each Apple iOS and Google Play. The one caveat is that customers should first enroll to be able to obtain an affiliate hyperlink. There should still be 19,000 different methods to spend money on crypto — possibly much more — however we give our members a unique worth proposition: earn extra by spending much less, whereas only one click on away from funding success.
Disclosure: I’m utilizing my RewardsBunny referral hyperlink on this article.
