Revix launches SA’s first bitcoin rewards programme

Revix, the cryptocurrency funding platform based by Sean Sanders and backed by JSE listed speciality funding group Sabvest, has launched the primary bitcoin rewards programme in South Africa.

Which means that clients can earn rewards factors – which will be transformed into money or cryptocurrencies – for introducing buddies to the Revix platform and for making recurring investments.

Clients who accumulate 200 factors (value R400) can redeem them for bitcoin which may then be securely saved on Revix’s platform, invested into different crypto merchandise, transformed into rands or withdrawn to a different bitcoin pockets.

Sanders says what’s distinctive concerning the rewards programme is that it’s the first time this has been provided within the SA crypto funding market, and is aimed toward rewarding those that introduce new purchasers.

“Historically, rewards programmes have provided money again, factors, or miles. Revix’s Factors for Bitcoin Rewards programme would be the first to supply rewards within the type of a non-traditional forex or digital asset like Bitcoin. And whereas bitcoin isn’t categorized as a safety, many individuals deal with it as such, which additionally makes Revix’s new programme the primary to supply an investable asset that’s not money.

The programme bears a number of similarities to Discovery Well being’s Vitality programme, which rewards members for good, health-promoting behaviour.

The Revix mannequin has comparable goals, and might be expanded over the approaching months to reward purchasers holding their crypto investments for a sure time period and diversifying their funding portfolios. Revix has specialised at providing crypto Bundles which

This can be a tiered rewards programme, beginning at Blue and as extra factors are gathered, purchasers progress by means of to Silver, Gold, Platinum and VIP. The upper the tier, the much less buying and selling charges the consumer pays, and the higher the rewards which can be unlocked.

The primary a part of the loyalty programme encourages purchasers to introduce buddies. Every new consumer referred to Revix earns the referrer 150 factors (value R300), whereas the referee will get R200 in money deposited immediately into their Revix account when making their first funding.

Rewards ranges

Revix Rewards has 5 ranges that begin at a Blue degree and ends at VIP with 5 000 factors. Every new degree provides decrease charges and different advantages together with precedence buyer help and unique merchandise.

Supply: Revix

That is simply the beginning of a significant roll-out of rewards within the coming months, provides Sanders. Revix is aiming to construct out new rewards-earning actions over the approaching months to incentivise sensible investing actions.

“We consider that everybody can handle their very own cash and so we wish to present the instruments, incentives and rewards to do exactly that,” says Sanders. “We plan to reward clients that HODL (a crypto time period which means to carry on to an funding for an prolonged interval), diversify their portfolio, commonly top-up their investments (often known as dollar-cost averaging). In different phrases, we reward these actions which can be geared in direction of bettering your monetary well-being over the long-term.”

The discharge of Revix’s crypto Rewards program coincides with an end-to-end improve to Revix’s on-line funding platform.

“We’ve spent over 16-months constructing our revolutionary, new and improved crypto funding platform. The modifications go effectively past what you see while you login. We’ve optimised our buying and selling engine in order that we will get our clients higher crypto costs throughout a number of exchanges, our system safety improve is state-of-the-art and we’ve additionally launched Ethereum as a standalone funding providing along with our Revix Rewards program,” explains Sanders. 

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Revix’s Rewards programme ought to assist additional elevate the visibility and legitimacy of bitcoin and different digital currencies, provides Sanders.

Bitcoin has received endorsement from huge institutional names like Paypal, Blackrock, Constancy, JP Morgan, MicroStrategy, Harvard’s endowment fund and Sq., in addition to billionaire traders Paul Tudor Jones and Stanley Druckenmiller. An astonishing characteristic of the final 12 months is the speed of progress out there cap of crypto currencies: up $1 trillion (R15.1 trillion rand) over the past 13 months. To place that in perspective, the overall market cap of cryptos was $190 billion on January 1st 2020. In the present day it’s over $1.2 trillion.

The way to begin incomes rewards

For those who’re already a Revix buyer, you’d already be enrolled on the brand new Rewards programme. For those who haven’t signed up but, you’ll be able to go to www.revix.com and create a free account.

Revix was launched to make it straightforward to spend money on cryptos similar to bitcoin and Ethereum, the 2 largest cryptos by market cap. Those that need a broader unfold of cryptos should buy the High 10 Bundle, which spreads your funding equally over the ten largest cryptos. There’s additionally a Cost Bundle for individuals who need publicity to these cryptos targeted on the applied sciences utilizing cryptos as a method of fee. Then there’s the Good Contracts Bundle, which spreads your funding over these cryptos being deployed within the rapidly-developing “enterprise” facet of blockchain, the place contracts with no middleman are being made doable.

It’s also possible to buy USDC, a “stablecoin” absolutely backed by the US greenback, and PaxGold, which is a crypto token backed 1:1 by bodily gold.

The crypto Bundles are mechanically up to date and re-weighted each month so that you don’t should manually purchase and promote to remain updated with the crypto market.

Traders, the place newbies or professionals, should purchase and promote cryptocurrencies and unit trust-type “bundles” by means of the Revix on-line platform. Even when you’ve by no means owned bitcoin, you’ll be able to create an account with no obligations, and study cryptos utilizing Revix’s useful instruments and options. The platform is mobile-friendly and makes it straightforward for anybody to purchase, promote or maintain cryptos identical to they might shares.

Minimal funding quantity is R500

The minimal beginning quantity for any funding is barely R500 so the platform is accessible to everybody. Signal-up is free, there are not any month-to-month charges, with a buyer help staff to information you thru. You possibly can promote your crypto funding at any time and withdraw your funds: there are not any lock-up intervals like there are with different funding funds.

Dropped at you by Revix.

For extra data, go to Revix.

This text is meant for informational functions solely. The views expressed are usually not and shouldn’t be construed as funding recommendation or suggestions. This text is just not a proposal, nor the solicitation of a proposal, to purchase or promote any of the belongings or securities talked about herein. You shouldn’t make investments greater than you’ll be able to afford to lose, and earlier than investing please take into accounts your degree of expertise and funding aims, and search unbiased monetary recommendation if vital.