Winter has arrived for the crypto trade. One may even say that it’s Christmas in July because of the presents crypto’s current downturn has introduced with it. For instance, we have now discovered that 19,000 lively crypto tasks are just too many to maintain. Now, we are able to count on an approaching financial recession will filter 1000’s of defunct crypto tasks that launched throughout 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 can 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 more likely to take their place. Though, in case your specific token provides worth, and should you’re within the transition to Web3 for the lengthy haul, that is the perfect time to develop and enhance a challenge.
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 yr, loads of customers nonetheless wish to dive in. Their expectations are most likely extra sensible now, although many stay not sure of the place to take a position. 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 individuals into the crypto world by making the expertise of incomes their first cryptocurrency simpler and extra pleasurable by deploying a time-tested mannequin — crypto as a reward for spending. Now we have designed a system the place our members should buy family and luxurious gadgets 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 cherished the thought 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 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, should you have been going to commerce {dollars} for crypto, you needed to imagine that these tokens have been burning scorching sufficient to go to the moon.
With our platform, we selected a unique method. Moderately than market hype, we supplied utility. As an alternative of creating our token an funding, we determined to make it a reward for doing issues that individuals already take pleasure in doing. Up to now, we have now 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 widespread international 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 group, relatively than the identical crypto bros who seen Web3 as a cash seize. Greater than 80% of our customers are selecting Rewards Bunny tokens as cost forex when withdrawing. Ethereum is the least favorable choice 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 plenty of others. They demand belief, and over time, they’ll worth loyalty.
Our problem now’s to implement extra ways in which customers can capitalize on their rewards. Up to now, 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 individuals in. We study new issues by interacting. We are going to perceive and bear in mind them higher if the expertise is pleasurable. Our purpose is to make the transition from Web2 to Web3 simpler for everybody. Cryptocurrency is right here to remain, however so lots of its potential advantages will not be but absolutely 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 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.
