Review on ROOBEE by Benaiah A. Akinlade
Roobee: A platform with seamless navigation with record time service delivery
Introduction
DeFi and cryptocurrencies are the future of finance, this is why these new financial technologies keep getting popular by the day. There are several way crypto service providers entice prospective investors to for patronage. Such enticing services may include: sign up bonuses, airdrops for tasks, low trading fees, a good number of trading pairs and dual chain services, just to mention but a few.
Recently, there have been an influx of many new crypto service providers such as football teams, technology companies and also people who coin out a token for sentimental reasons best known to them. These companies create a customized token which in the end could become tradable.
About Roobee
Roobee is no different from some of these new crypto service providers as it was developed by a group of Computer Software developers who won prizes in hackathons (Hacking Competitions) on two different occasions.
Roobee is a dual chain blockchain service provider which is active on both the Ethereum blockchain and Roobeechain with the aid of Artificial Intelligence system in providing DeFi related services as well as a solid protection of financial data and information of investors. It is equally an investment platform where investors can invest as low as 10 USD. On Roobee platform, you can make investments on products with both fiat and crypto currencies.
Roobee’s Goal
The main mission of Roobee is to afford anybody with an income as low as 10 USD the opportunity to make investments in products and services that are only available to financially buoyant investors such as cryptocurrencies, IPO, stocks exchanges, Real Estate, among others.
Services on Roobee
1. Roobee finance: this is a platform that Roobee utilizes to give reward the providers of the Uniswap ROOBEE-ETH liquidity.
2. Buying Roobee: The native token of the Roobee platform is the ROOBEE. It can be bought on cryptocurrency exchanges such as; HitBTC, EXMO, KuCoin, BitForex, Yobit, among others. Pairs which are tradable with ROOBEE can be accessed on Coinmarketcap.
3. The Website: The Roobee website is quite simple and easy to navigate. The information on the website is well arranged and well explanatory for new investors. I am particularly fascinated by the disclaimer on the bottom of the website page which essentially warns traders to trade responsibly.
i. Registration: Registering on the website is seamless, fast, and very easy. It requires some of your details which is followed by verification of your email address.
ii. Risk test: After I finished registering, I went through a risk test, where several questions were asked in order to determine the category of investors I belong to. The risk test indicated that I am a Moderately Aggressive investor
iii. Tokens: The fiat tokens available for trading on the platform are RUB, USD, EURO, and GBP while the crypto tokens are Bitcoin, USD Tether, ETH, and ROOBEE. The Circulating Supply of ROOBEE is 2.5 Billion ROOBEEs with a Maximum Supply of a little over 5 Billion ROOBEEs. The ROOBEE token also trades against the USD at the rate of 1 ROOBEE = 0.004325 USD.
iv. Yield Farming: ROOBEE farming is essentially to give investors the opportunity to earn interests on their hodlings. You can earn as much as 331.38 ROOBEE as a reward for each token you have. It is noteworthy that all the Yield Farming has been finished.
4. KYC: The KYC on the Roobee platform is quite fast to get verified. It took less than 7 minutes for my account to get verified
Conclusion
Roobee still needs to convince a lot of investors in order to increase the number of subscribers despite the fact that it portrays a wide range of encouraging services. More fiat tokens and crypto currencies still needs to be added to the platform.
Updated 2 years ago
Rating has not been changed
In my last review on Roobee, I concluded that there’s still some work to do to convince investors to trade the asset. It seems like there’s still some way for Roobee to go but it’s still on the right path.
I discovered that the Roobee asset is appreciating against the BTC, this indicates that the asset is getting more noticed by investors although the value of the asset is still relatively low against the USD as it trades at $0.001168 against the USD. This is a 2.07% depreciation on Trust Wallet.
I found out that I can now make my Roobee payments with my Debit or Credit cards although payments is still limited to BTC, ETH, and USDT.
There’s also a facility to procure NFTs on the Roobee platform. Staking and farming can also be done on the platform.
According to coinmarketcap, Roobee currently trades in 10 different markets as attached in the screenshot. It also trades at $0.001171 which is a 2.23% trading loss.
There’s still much work for the Roobee ecosystem but affiliations such as the obe with Revain puts it in a good stead.
Pros
- Roobee provides an encouraging wide range of Binance Smart Chain earning opportunities.
- The KYC verification is completed very fast
Cons
- Trading on the Ethereum blockchain is expensive
- The value of ROOBEE against the USD is currently low
- There is no Mobile App for Roobee
- The Platform and token still have quite a low number of subscribers (400,000)
- You can’t have access to your wallet address and trade on the website without completing KYC
