Revix’s Smart Contract Bundle attracts new investor interest as decentralised finance and smart contracts become more attractive. Imagine a world in which large financial transactions are not complicated by lawyers, escrow accounts and agents taking a cut of your money. Imagine a world in which you pay only for the product when it arrives, and not when it is ordered. Or where property ownership can be transferred in seconds.
DeFi
This is the future that smart contracts (DeFi), and decentralised financing (DeFi), aims to create. The foundations are already being laid.
The purpose of cryptocurrencies is to make digital payments more affordable, faster, and more accessible to everyone, anywhere. DeFi goes one step further and provides an easy-to-use and accessible alternative for every financial service, including trading, insurance, savings, loans, and trading.
This is becoming a reality with smart contract blockchains such as Ethereum, EOS and NEO. These blockchains can be used to build programs that do more than send and receive cryptocurrency. These programs are now known as decentralised apps or ‘dapps’. They are essentially a mini-programme running on top of a Blockchain – similar to an app on your smartphone – and execute actions based upon certain conditions.
Imagine it…
Imagine, for example, that you own a computer hardware company and don’t trust new suppliers to deliver the goods in a timely manner or in good condition. You could download a smartcontract app from an app store and fund it. Then, you can set the terms for the release to the supplier. This creates a transparent, secure environment where you can be sure that the supplier will deliver according to your terms. Your supplier also benefits because they know they will be paid immediately when they deliver.
Sean Sanders, founder of investment platform Revix, backed by JSE-listed Sabvest, explains: “While some of these concepts might sound futuristic many of these smart-contract-powered applications are live today.”
The cryptocurrency market is worth $318 billion at the time of writing. This represents less than 0.2% worldwide’s investable market. It has grown from $78 million just three years ago to $318 billion today – an annualized growth rate of almost 60%.
Remember
This makes it the most profitable asset class in the last decade. This market’s smart contract segment is valued at approximately $25 billion and has seen a significant increase in 2020.
While investing in a single smart-contract-focused cryptocurrency like Ethereum is possible, researching, trading and securing a cryptocurrency portfolio can be complicated, time-consuming and intimidating.
Revix
Revix was inspired to create an online platform that allows everyday investors to purchase a bundle of five cryptocurrencies for as low as R500. It supports smart contracts such as Ethereum, EOS and NEO.
Sanders explains that “many traditional investors have heard of smart contract cryptocurrencies, seen the growth in decentralised finance sector and don’t know how they can invest in them.” We created a Smart Contract Bundle for everyday investors that allows them to purchase a selection of smart contract cryptocurrencies that will power decentralised finance in just a few clicks.
Revix’s Smart Contract Bundle can be purchased alongside its Top 10 Bundle. This bundle is similar to the JSE Top 40 crypto. The Payment Bundle is its other thematic bundle. It provides exposure to the top five payment cryptocurrencies like Bitcoin, Ripple, and Litecoin that are working to make digital payments more affordable, faster, and more global.
Revix’s bundles have delivered impressive returns this year. They outperform an investment in Bitcoin, which is up more than 50% since January.