Speaker: Anastasia Kor is the Chief Marketing Officer at Choise.com. Anastasia joins the community AMA to discuss how to earn on Dual Currency Interest Accounts and speak of what's new in Choise.com interest accounts rates and options.
Recently you’ve released dual currency interest accounts. What is the key benefit for us there? Does it differ from time-proved interest accounts?
“Dual Currency Interest Account or simply DCIA, gives an opportunity to buy or sell cryptocurrency at a desired price and date in the future, while earning high interest yield no matter which direction the market goes. Let me explain how it all works.
BTC or ETH acts as the “investment currency” in DCIA. In other words, you purchase the product with BTC and then see how the settlement price (the price of BTC or ETH) compares with the linked price at expiry date. If the settlement price is less than the linked price, you will receive the return in the “investment currency”. Otherwise, you will receive your yields in USDT or USDC.
Easy examples are described on the website https://choise.com/dual-currency-interest-account
It might look difficult at first but you should try it in our app and you will see that it is not. Also, APY rates there will surely add enthusiasm, I guarantee.”
You’ve updated APY rates for interest accounts? Why was it made so quickly? Recently you’ve updated it once. How can we be sure that you won’t update it again?
“That’s a good question. The whole market is now experiencing an overall decrease and we have to adjust. Frankly speaking, we can change the rates anytime, it's the user that decides whether to use the current offer or not.
Still, our current rates in the App are still competitive. Also, CRPT savings accounts were returned with the expanded time options. You can open a CRPT savings account even for 3 months. However, if you want the best possible rates, you should aim for 24 months.”
Will you change APY in your web 3.0 interest accounts? Seems they are one of the highest on the market now.
“High APY for the Web 3.0 interest accounts was a part of our promo. Since the promo campaign is over, we are going to change it as well soon. However, you still have a chance to open an interest account there with 16%.
I will share a link with you all here: https://choise.com/earn
Now that you mention DeFi earn products, I’ll also remind you about NFT interest accounts. Those have lucrative APY as well, but it won’t last for long.
One more link for everyone’s convenience: https://choise.com/nft/fend
I don’t expect to see such great offers from trusted companies in the near cold times, so catch the chance while it’s available.
We are officially in the crypto winter. Most coins are losing in value fast. How Choise.com will overcome that period and what can you offer to us in this crypto turmoil?
“An opened Interest account is a signed deal and can’t be changed.
At Choise.com we believe that every winter is great because the market gets smarter. People take off rose-tinted glasses and start looking at things through the viewpoint of, “what does this company have?”. We think the extremely important companies in the current climate are those with expertise, working products and experience, who have already shown what they can do and get results.
I advise you to check the latest interview with Vladimir, our CEO, where he speaks about crypto winter.
What Choise.com can offer to users today? In fact we have great features for every strategy and action that a crypto user chooses for himself: holding and getting passive income through interest accounts, active earning with staking, trying to buy the dip with Price insurance.
Some of our users continue earning with daily trading and use the Price Prediction feature for smarter moves.
We are ready to provide crypto solutions for any user’s need, any time of the year, at any market.”
How can I benefit as a user from price prediction? How does it work?
“Price prediction feature is a complex 3-module system that collects, analyses, and processes market data. Our self-learning algorithm prepares predictions for every single coin on the platform.
This technology is able to recognize patterns, learn from market data, and increase its accuracy over time. You know, it’s always better to try in practice. 5 coins are available for free - I advise every daily trader to just give it a free try. Perhaps that’s the tool that you’ve been searching for a long time, who knows?
As usual, providing a screenshot with tariffs.”
Could you share some insights on Charism? Currently the crypto market strives for decentralization and we want to see more DeFi products. Will you release more products in future?
“The CeFi market is squeezing today, while the DeFi market is growing. More and more people turn to decentralized finance in search of higher profits and lower exposure to geographical, political, regulatory factors.
Catching the wave, we’ve released and are actively developing our own DeFi platform Charism acting as a one stop shop service to Swap, Bridge and Earn aggregators as well as Web 3.0 interest accounts and Staking.
We are not planning to stop on the current product line of course — updates will follow, so stay tuned keep an eye on Charism: https://defi.choise.com”
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