NOBI Helps Maximize “Passive Income” for Crypto Investors

The popularity of investing in crypto assets at this time creates a gap for new players who offer a different proposition, namely maximizing investment passive income of crypto assets. The NOBI application takes this approach by prioritizing security and convenience.

Under the command of Lawrence Samantha as Co-Founder & CEO, NOBI seeks to encourage more Indonesians to own crypto assets and maximize passive income from there. Previously, NOBI was a platform staking which is called Honest Mining with HNST tokens.

“In the United States about 5% of the population has been touched by crypto, while in Indonesia only 2%. We want to make a way so that Indonesians are not left behind and when they have [crypto], knows how to make the best of it. It's not just silenced," he said in a joint interview DailySocial.

NOBI provides three service options, namely Strategy, Savings, and Staking which can be selected according to the needs and risk profile of investors. NOBI Strategy provides a choice of strategies trading which has been compiled and created by strategy maker NOBI partner professionals. Each strategy is operated with a "Robo Trading" system which works 24 hours automatically.

“Before being launched to the public, each strategy has gone through a selection and evaluation stage testing internally by the NOBI team to ensure that the strategy is worth following and can help NOBI users.”

A number strategy maker who have joined include Nova Kapital, DB, and Rabbit Jump. The minimum funds to be able to join starts from 0,001 BTC and 25 USDT.

Next, NOBI Savings for investors who are moderate but want to get attractive profits in saving crypto assets. The way is through borrowing crypto assets (lending). It's like saving a deposit in a conventional bank and getting a profit without being haunted by losses. This product can be used with a nominal starting from $ 10.

Lawrence said, NOBI cooperated with lendingprotocol well-known crypto industry audited, such as AAVE, CREAM, and Compound. which every lending made through lendingprotocol it has a guarantee to guarantee that there will be no default. "Crypto" lending this secured loans which has collateral, so that won't happen default. "

Finally, NOBI Staking is now gaining popularity as an alternative to getting passive income. It has the lowest risk compared trading, mining, or lending. NOBI Staking provides the best selection of coins on the market for investors looking to earn passive income by becoming a validator in the coin project.

Carrying the concept Proof of Stake (PoS), investors only have a number of coins that they want to combine into masternode or urge to become a validator as part of shared pools NOBI Staking. Investors will enjoy reward which is shared.

Lawrence admitted that over the past six months, since the enthusiasm of crypto investors has soared, it has also affected the company's performance. Although not detailed further, NOBI's total managed funds continue to grow double digits Every month. He wants the company to at least maintain this performance until the end of this year.

Meanwhile, the most widely used NOBI product by users is NOBI Saving. “This Savings product attracts a lot of users because its proposition is simple, starting from a lot of crypto dollars (USDC Coin/USDC) go into from there."

Unregulated and other challenges

According to him, the prestige of investing in crypto assets in Indonesia can still grow more rapidly in the next few years. Talking about the crypto market capitalization in early April, it broke to the $2 trillion mark, the highest in history. Bitcoin entered as the cryptocurrency with the first largest capitalization, after Ethereum.

In Indonesia itself, the number of crypto investors is said to have exceeded the number of stock investors. Referring to KSEI, as of the end of March 2021, the number of retail stock investors was recorded at 2,17 million. Meanwhile, Indodax as the largest crypto player in Indonesia has 3,2 million members.

“Indonesia is often said to be a country that is easy to accept new technology. Crypto is one of them, so I don't see this as a problem. In terms of regulation, even though it is not as mature as neighboring countries, it shows a direction that supports industrial development.

“Our regulators are receptive, because they always see from two sides. How to maintain security for the community and find out which ones can be a source of income for the state. Like the talk of creating an exchange, it's good enough for the industry."

He also gave a note to CoFTRA, as the regulator in the crypto industry, to keep regulations adaptive to the fast development of the industry. “If there are new players with good coin potential, how quickly can our regulations accept that. Don't have to wait a year."

Currently NOBI is registered as a member of Indonesian Blockchain Association (ABI). Regarding being registered with CoFTRA, Lawrence said that the regulations from CoFTRA so far have only mandated crypto players who play in Indonesia exchange who carry out trading activities buying and selling crypto assets.

Meanwhile, NOBI's business focus is not on exchange, but rather to maximize crypto assets by using a system Challenge (decentralized finance).

Not only real NOBI who play in this segment, there is Tokocrypto which has started to expand by launching Token Shop (TKO). TKO offers a hybrid token model that combines the advantages of CeFi and DeFi built on top of the Binance Smart Chain. The services that TKO provides with Binance are Binance Saving & Binance Staking, ForTube, and Bakeryswap.