Is ‘cashback-crazed’ Rewards Bunny (RBUNNY) crypto here to stay?

Highlights

• Rewards Bunny (RBUNNY) crypto is conducting an ‘Ask Me Anything’ (AMA) session on March 11 at 5 pm UTC.

• The token volume jumped 370.75% in the last 24 hours to Friday afternoon ahead of the AMA.

• The company launched its mobile app this week; it is now available to all Apple iOS and Google Play users.

Rewards Bunny (RBUNNY) crypto gained traction on Friday ahead of its ‘Ask Me Anything’ (AMA) session. It is a decentralized token and runs on the Binance Smart Chain ecosystem. 

The RBUNNY token soared 6.87% to US$0.004049 at 12:24 pm ET on Friday.

The AMA session is scheduled to start at 5 pm UTC on March 11. This week, the company launched its mobile app, available to all Apple iOS and Google Play users. 

The company has tied up with more than 1000 online stores or e-shops, including eBay, Walmart (WMT), Alibab.com (BABA), and Booking.com, where users can purchase and collect cashback rewards. 

Also Read: Why is NFT game Alien Worlds’ (TLM) offer catching attention?

What is Rewards Bunny (RBUNNY)?

Rewards Bunny (RBUNNY) is a cashback reward platform where people earn, spend, and invest in cryptocurrency. Users receive rewards in cryptocurrency or US dollars for purchases. 

The company aims to roll out NFTs and Crypto debit cards to expand its platform. 

The online platform’s popularity has been growing. Unlike the time spent on the play-to-earn games platforms, RBUNNY users only need to make purchases on the platform to win rewards.

This Singapore-based company is led by co-founder and CEO Jacky Goh.

Also Read: Why is Immutable X (IMX) crypto rising?

Goh has previously worked with game development company DinoMao as its chief technical officer. Ivaylo Yovkov is the other co-founder of the company. He works as COO. Yovkov worked with a fintech company earlier. Reward Bunny was founded in 2021.

The company launched the token with a supply of one billion in August 2021. The BEP-20 token uses a proof-of-stake (PoS) consensus mechanism for operation. 

The company is audited by CertiK, a leading security-focused ranking platform for analyzing and monitoring blockchain-based protocols and DeFi projects.   

Also Read: Is Dovu (DOV) crypto migrating to HTS after US$100 mln boost?

Data Source: coinmarketcap.com

Also Read: Why is Elrond (EGLD) crypto gaining attention?

What is the RBUNNY token?

RBUNNY is a decentralized token that runs on the Binance Smart Chain ecosystem. 

The token volume soared 370.75% in the last 24 hours to Friday afternoon ahead of its “Ask Me Anything” (AMA) session. Its current market capitalization is US$3.46 million. 

Also Read: Why is sUSD (SUSD) gaining attention?

The token has a self-reported circulating supply of 865.16 million and a total supply of 1.00 trillion. RBUNNY can be purchased from PancakeSwap (V2) or directly from Rewards Bunny Swap Dapp.

Also Read: Why is HyperVerse (HVT) crypto gaining attention?

Bottomline

While the crypto market is booming with new entrants, new projects, and new products, it isn't easy to determine which one is real and here to stay. Scams and rug pull are not a new occurrence; hence, investors should apply due diligence before investing in the crypto market.

Video: What is privacy-focused Zcash crypto?

Risk Disclosure: Trading in cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory, or political events. The laws that apply to crypto products (and how a particular crypto product is regulated) may change. Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading in the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed. Kalkine Media cannot and does not represent or guarantee that any of the information/data available here is accurate, reliable, current, complete or appropriate for your needs. Kalkine Media will not accept liability for any loss or damage as a result of your trading or your reliance on the information shared on this website.