Winter has arrived for the crypto trade. One may even say that it’s Christmas in July as a result of items crypto’s latest downturn has introduced with it. For instance, we’ve got discovered that 19,000 lively crypto initiatives are just too many to maintain. Now, we are able to count on an approaching financial recession will filter out hundreds of defunct crypto initiatives 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 foreign money 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 the event you’re within the transition to Web3 for the lengthy haul, that is one of the best time to develop and enhance a undertaking.
Lots of people are nonetheless not conversant in crypto, however everybody has heard loads about it — some true, some little greater than hype. Even with a lot destructive publicity round crypto this 12 months, loads of customers nonetheless wish to dive in. Their expectations are most likely extra reasonable 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 strategy 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 pleasant by deploying a time-tested mannequin — crypto as a reward for spending. We now have designed a system the place our members should purchase family and luxurious gadgets with their native foreign money 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 have been unlikely to decide on our token from an inventory of hundreds 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 the event you have been going to commerce {dollars} for crypto, you needed to consider that these tokens have been burning scorching sufficient to go to the moon.
With our platform, we selected a unique strategy. Fairly 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 folks already get pleasure from doing. To this point, we’ve got 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 massive and widespread 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.
To this point, the outcomes have been counter-intuitive, suggesting that we’re dialing right into a brand-new neighborhood, fairly 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 foreign money when withdrawing. Ethereum is the least favorable choice for our customers to date, which proves that individuals are nonetheless open to new crypto initiatives, 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. To this point, 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 important 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 bear in mind them higher if the expertise is pleasant. Our aim 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 will not be 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 cell app on each Apple iOS and Google Play. The one caveat is that customers should first join with a purpose to obtain an affiliate hyperlink. There should be 19,000 different methods to put money into crypto — perhaps 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.
