Optimistic that Crypto will "Rebound", Reku Prepares a New Feature Set

Even though the crypto market is still 'coughing', the confidence is coming back rebound stay there. Reku, rebrand from my account, preparing for the arrival of this momentum has arrived with innovative features, including Staking and two user modes (Pro and Lightining), which have been released recently.

When contacted DailySocial.id, Reku's COO Jesse Choi conveyed, although at this time still crypto winter, at this momentum, it sees many opportunities to solve user problems.

For example, a user wants a way to earn passive rewards (passive rewards) in a transparent and secure manner. This problem is the background for the presence of the Staking feature, which is claimed to uniquely solve problems that other companies have not been able to do.

"Crypto winter doesn't mean we have to stop solving problems, but instead, it is the right time to invest more time in building superior products," Choi said.

Explained further, the Staking feature in Reku is different from other income products, because it occurs directly on the blockchain so it is more transparent. Staking on Reku is also said to be easier because it can start from under IDR 5 thousand, and reward can be obtained every day.

Furthermore, in the two user modes, Pro Mode is designed to make it easier for investors to use more in-depth features and set buying and selling prices according to their respective targets or strategies. Meanwhile, Lightining Mode is here to help investors more instantly buy or sell a coin without having to think about the price they have to ask for.

In this mode, the design is deliberately made simpler so that the process becomes easier and more efficient for investors. These two modes can be used by investors in the same application via Reku.

Choi ensures that he will follow other new features to become a leading player. Nevertheless, he explained the achievements so far, Reku has grown quite well, with a top 3 position in Indonesia based on volume, and it is claimed that the average Reku user is more active than the average user of other companies.

"We will continue to focus on providing the best user experience, easy to use, fun, as well as providing innovative new investment products and features. We will also continue to focus on our mission to empower Indonesian people to become wiser crypto investors with a combination of new products and content and world-class research."

Crypto potential is still promising

Based on crypto market report data analyzed and compiled by Reku in 2023, there are several important indicators that show positive trends in the crypto market accompanied by growing investment, especially from institutional investors to develop new applications or technology in various projects.

Blockchain projects have even established strategic collaborations with well-known institutions with millions of users. This achievement occurs when the market is in phase bearish and Bitcoin price corrected more than 50% from its highest point.

Despite market capitalization which is currently still falling, potential sectors such as DeFi, for example, have recorded an increase in the number of active users of more than 20% and an increase in the number of transactions of more than 55% overall. year-on-year on February 21, 2023, according to Reku research results.

Based on this data analysis, the condition of the crypto market is fundamentally projected to be better and stronger compared to previous years. In fact, it could potentially trigger the growth of existing crypto assets to be even greater.

Supported by the latest data from the Commodity Futures Trading Supervisory Agency (Bappebti), the total number of crypto investors in Indonesia reached 16,99 million people as of February 2023, an increase of 13 thousand people compared to January 2022. The increase is also reflected in the value of crypto asset trading transactions since the beginning of this year . It was recorded that in February 2023, the value of crypto transactions was IDR 13,8 trillion, up 13,7% from January 2023 which was IDR 12,14 trillion.

Still quoting from the same source, it was stated that the demographics of crypto asset investors in Indonesia in 2022 will be dominated by the younger generation aged 18-24 years (28,2%) and 25-30 years (28,5%). Interestingly, the professional group of students (23,5%) is one of the most dominant for crypto asset investor backgrounds. Demographics, the average crypto asset transaction value shows 64,6% of those carrying transactions under IDR 500 thousand. The highest transaction nominal above more than IDR 100 million is only around 4,1%.

"We are optimistic about the growth of the crypto industry. There are many interesting developments and many smart people around the world are working to drive further innovation in this industry, so we believe there is a lot to be excited about," concluded Choi.