Description:
The currency discount feature enables you to earn a profit every time you buy currency through the dashboard.
Discounts on crypto purchases range from 10% to 50%, with the percentage increasing the longer the vesting period. In certain cases, other terms may also apply such as locking a specific amount of RBIS, ArbiSmart’s native token, for the duration of the vesting period.
The specific terms relating to each of the available discount options is laid out clearly in the Buy Crypto tab of the ArbiSmart dashboard, where a wide variety of choices is presented.
Factors influencing the size of the discount include:
The currency being purchased
The amount being purchased
The length of the vesting period
Whether or not a sum of RBIS is also locked for the vesting period
Benefits:
Receive as much as an extra 50% of the value of your purchased currency completely free!
If your capital is in a currency that has experienced a sudden drop in price, by exchanging funds into another currency, you can prevent it from losing further value, while also profiting from the purchase.
By locking RBIS for the duration of the vesting period, RBIS is gaining additional utility, which is liable to drive up the token value.
Example:
If you receive a 25% discount on a $2,000 Bitcoin purchase, you will pay $1,500 but the full $2,000 worth of Bitcoin will be yours once the vesting period is complete. You will then be able to withdraw your capital or put it to work earning interest in a wallet savings plan.
Instructions:
Go to the ArbiSmart dashboard Buy Crypto page.
2. Select the FIAT or cryptocurrency you wish to purchase
3. Choose a discount option.
This will include the discount percentage, the vesting period, the purchase price in EUR, and any additional conditions that you must meet to be eligible to receive the discount.
Then click NEXT.
For the above Bitcoin purchase options, the 15% discount requires a minimum purchase equivalent in value to 9,999 EUR, and a 24-month vesting period but no other conditions need to be met. In contrast, the 10%, 25% and 50% discounts require higher minimum purchase amounts, as well as a specific amount of RBIS to be locked for the duration of the vesting period.
SCENARIO 1: The 15% Discount (No additional conditions)
4. Pick the amount of your chosen currency that you wish to buy, ensuring you meet
any minimum purchase amount requirement.
In the above image, the amount entered in BTC is not enough to meet the minimum requirement and it must be increased.
Once you have entered a purchase amount that meets the minimum conditions select a bank from the dropdown menu.
Then, click CONFIRM
5. Verify your currency purchase and complete the process, by clicking
CONFIRMATION.
On the left, the grey box displays the full price-crossed out and the reduced amount
you actually pay due to the discount. On the right, the green box displays the full
BTC sum that you will be receiving for the discounted price at the end of the vesting
period.
SCENARIO 2: The 50% Discount (Requiring RBIS to be locked)
The 50% discount option requires a minimum BTC purchase worth 20,000 EUR. It also requires 50,000 RBIS to be locked for the duration of the 60-month vesting period.
If you have insufficient funds for the discount you wish to claim, you can choose a smaller discount that requires less RBIS to be locked for the duration of the vesting period, or you can choose a discount option that does not require any RBIS to be locked at all.
Alternatively, you can choose to purchase additional RBIS, by clicking on the blue Buy RBIS Now link.
Once you have topped up your RBIS balance you can choose the 50% discount option. Then click NEXT.
Pick the amount of your chosen currency that you wish to buy, ensuring you meet the purchase amount requirements.
In the above image, while the amount entered in BTC is sufficient to meet the minimum requirement it has exceed the maximum purchase amount for the transaction, of 35,000 EUR. In this case you will need to reduce your purchase amount to continue.
You can always make a separate additional purchase if you wish, once the current transaction is complete.
Once you have entered a purchase amount that meets the stated conditions select a bank from the dropdown menu.
Then, click CONFIRM
On the left, the gray box displays the full price-crossed out and the reduced amount you actually pay due to the discount. On the right, the green box displays the full currency sum that you will be receiving for the discounted price at the end of the vesting period.
The green box also displays the amount of RBIS that will be automatically locked to comply with the requirements for the discount.
Next, verify your currency purchase and complete the process, by clicking CONFIRMATION.