RBIS is the native token of ArbiSmart, an automated crypto arbitrage platform and a buzz has been building around the coin, as it has begun to shoot up in price.
The promising newcomer has already gone up in value by 800% and it is projected to rise by 4,000% by 2023. Let’s dig a bit deeper to understand what’s behind its success
Background on Arbismart project
The ArbiSmart project was created in 2019 and the community has been growing at a steady pace. In 2020, YOY growth stood at 150%, and so far, 2021 has seen growth of over 570%. RBIS has been on a consistent upward trajectory without dropping even during bear trends.
ArbiSmart is an automated platform that performs a low-risk investment strategy called crypto arbitrage, which involves exploiting price inefficiencies across exchanges. These are brief windows in which a cryptocurrency is simultaneously available at different prices. There are all sorts of causes for these temporary price inefficiencies, such as disparities in trading volume or liquidity between exchanges of different sizes.
As a platform user, you deposit funds and then the algorithm converts your money into RBIS and trades on your behalf. ArbiSmart is connected to 35 exchanges, where it tracks hundreds of cryptocurrencies, day and night, looking for price inefficiencies. It makes a profit by purchasing the coin on the exchange where the price is lowest then instantly selling it on the exchange where the price is highest, before the price disparity resolves itself.
Some unique benefits
The primary advantage of the ArbiSmart project is the fact that the platform offers a great hedge against a market crash. This is because price inefficiencies across exchanges will continue to emerge with the same regularity, whether the market is in a bull or bear trend.
Profits are steady and reliable, starting at 10.8% a year and reaching as high as 45% a year (0.9% to 3.75% a month), based on the size of your deposit. You can see ahead of time the exact amount you will make over any time frame, for any investment sum, using ArbiSmart’s yield calculator.
As well as crypto arbitrage profits, platform users receive compound interest. In addition, there are capital gains on the RBIS token, which has already risen to nearly eight times its original value. Then, if you open a savings account where your funds are locked up for a contracted period, you can earn up to 1% a day, for storing your funds with the platform.
What’s coming up for Arbismart and RBIS coin
By 2023, analysts are projecting that RBIS is going to rise to 40 times its current value. One reason for this is the many new RBIS utilities in the pipeline, which are likely to push up token demand. Between now and the end of Q1 2022, ArbiSmart is launching an interest-generating wallet for fiat and crypto, a yield farming program and a crypto credit card.
The token supply is permanently capped at 450m RBIS, so as demand rises the availability will remain limited, driving up the price even higher.
Another factor set to push up demand is the upcoming market listing, set for the end of the year. Once RBIS is tradable on global exchanges, it will become accessible to new audiences including residents of countries from which ArbiSmart, as an EU licensed platform cannot accept clients.
Clearly, the token is ready for take-off. If you want to get in on the ground floor, before the coin breaks out, you can buy RBIS here .
*This article has been paid. The Cryptonomist didn’t write the article nor has tested the platform.