RBIS Q1 Update: Withdrawals, Listing, and New Utilities
Over the next few weeks and months, you may want to keep a close eye on the RBIS token, as a number exciting new developments are in the works that are likely to have a major impact on the future token price.
The Continuation of the Listing Process
The RBIS listing kicked off at the start of January and the token is already available on leading decentralized exchanges like Uniswap. The listing is an ongoing process and throughout 2022 and beyond, you will be able to buy and sell RBIS on additional crypto exchanges of varying sizes with differing daily trading volumes.
Communities build up around each exchange and with every new listing another audience is introduced to the token, increasing trading volume, boosting the popularity and name-recognition of the token, and proving its viability.
The larger exchanges are already starting to add RBIS and more will follow their lead. The bigger the exchange, the higher the trading volume and liquidity levels, which is likely to push demand for RBIS even higher.
ArbiSmart is an EU licensed platform and as a result there are various restrictions on who can be accepted as a client, limiting the token’s global reach. So, now that RBIS is listed, anyone who wanted to purchase the token but was prevented from doing so by the regulatory requirements can now buy it freely, on crypto exchanges. This accessibility to a much broader audience has led to a disparity in the RBIS price creating the opportunity to perform a form of type of manual arbitrage, selling the RBIS you hold on the platform at a higher price on an exchange. At the time of writing, the platform price is 13 USD, whereas on exchanges, according to CoinMarketCap, it is currently being offered at 101 USD, so the profit potential is substantial.
What to Expect Now RBIS Is Available for Withdrawal
RBIS is now available for withdrawal so you can access your tokens and trade them on any of the global exchanges where the coin is already listed. You can choose to withdraw the full balance of your account, or alternatively just make a partial withdrawal.
Withdrawal to a Wallet
When you make a withdrawal request please indicate the address of your personal wallet for receipt of the funds.
In accordance with standard ERC-20 token requirements, you will need an ERC-20 supporting wallet such as MetaMask and MyEtherWallet. The wallet will need to hold sufficient ETH to pay gas fees for transfers, so you can execute token transactions on the Ethereum network.
Every exchange has its own protocols and some do not accept withdrawals and deposits via smart contract. As a result, requesting a withdrawal directly to an exchange could lead to the unrecoverable loss of your tokens, making withdrawal to a personal wallet the only secure option.
Once your withdrawal request is approved and you have received your tokens directly to your personal wallet, you can transfer them to the wallet address you have been assigned, on the exchange where you wish to trade. The exchange you choose must be one that lists RBIS, such as Uniswap or HitBTC.
Please be aware that tokens can be withdrawn from any ArbiSmart account except for a long-term savings account, where funds are locked, for a contracted period. These funds and the interest accrued over the timeframe of the closure will not become accessible for withdrawal until the end of 2023.
There is a real possibility that the listing and withdrawal of RBIS from the platform will initially cause a brief price dip. Many of the people who have been waiting for their RBIS to become tradable, including those with 2021 savings accounts that have just released the locked funds, might want to sell their tokens, creating selling pressure.
But this may not be the smart move. The potentially more lucrative and responsible choice might be HODL, holding on to your RBIS until the price stabilizes. By waiting for upcoming utilities, in H1 2022, to bump up the price, you can make sure you don’t lose money on the sale.
One of the best ways to put your RBIS to work on your behalf, is to store your funds in a locked savings account, which guarantees exceptionally high interest and unmatched compounding.
By HODLing, you can enjoy the benefits of being an early adopter of the RBIS token, before more of the major exchanges list the token and the stream of new utilities in the pipeline are introduced, causing the token price to take off.
Bitcoin, ever since its creation has seen temporary price dips but has then bounced back even higher. Similarly, RBIS is on track to grow over the long term, sustaining an overall upward trajectory.
Please note that due to the high volume of requests, your withdrawal may take up to 72 hours to process. Once you have withdrawn your RBIS it will not be possible to redeposit the tokens into your account. While platform deposits in RBIS are not currently an option, we will be adding the feature in the near future. The best way to continue generating profits from your RBIS once they have been withdrawn is to participate in the new ArbiSmart decentralized yield farming program.
The Decentralized Yield Farming Program
The yield farming service scheduled for launch later this quarter will be offered through Uniswap. You can contribute to either an ETH/RBIS or a USDT/RBIS liquidity pool and receive RBIS tokens in return for staking your capital.
The yield farming program generates an unmatched annual percentage yield (APY) of up to 190,000% and you are rewarded with 0.3 % of the trading fees on every single trade.
You will also be rewarded for joining the program in different areas of ArbiSmart’s rapidly expanding crypto ecosystem. For example, if you join the yield farming program, while also holding ArbiSmart non-fungible tokens (NFT’s), you will receive preferential terms, such as a higher APY.
Your yield farming account is not locked, so you can exploit market opportunities the minute they arise, as your RBIS is always accessible for trading.
Since the program is decentralized, it is open to whoever wishes to generate profits with RBIS. This means that it is likely to increase liquidity substantially as the token becomes accessible to a much wider audience.
More Upcoming Utilities with the Potential to Drive Up the RBIS Price
The ArbiSmart development team has a packed schedule in the coming months, with a number of new utilities in the pipeline and these should boost token demand in 2022.
Close on the heels of the launch of the yield farming program will be the introduction of ArbiSmart’s NFT marketplace, with 10,000 unique digital items, each certified by an exclusive NFT token purchasable only by sending RBIS tokens to the specified smart contract. We will also be introducing a mobile app, an interest-generating wallet, banking services, including debit cards, IBANs and payment services, a crypto exchange, and a crypto launchpad to fund promising new digital assets.
As token demand increases, with the addition of new RBIS utilities, as well as more prominent listings, the token supply will shrink. The amount of RBIS that can ever be created is permanently limited, capped at 450M, so as the community grows and the ArbiSmart ecosystem expands, demand will outpace supply.
Stay tuned for further details on all these upcoming developments.
To see the latest RBIS price on the platform, check the ArbiSmart dashboard.