Can Rewards Bunny Profit from Cashback Rewards?
Rewards Bunny (RBUNNY) is a cryptocurrency built to make money from cashback rewards.
To explain, users of Rewards Bunny’s app can receive cryptocurrency or US dollars cashback for purchases. Rewards Bunny claims offers cashback from major retailers including Walmart (WMT), Alibaba.com, AliExpress, eBay (EBAY), Expedia, Booking.com, Trip.com, Adidas, Agoda, Allianz Travel, American Eagle, Best Buy (BBY), Bloomingdales, Bose, Braun, Champion, Dell, Dior US, Domino’s Pizza, Fiverr, Fossil, Goop, GoPro, Guess, HBOMax, Hewlett Packard (HP), Kaspersky, Lego, Levi’s, Logitech, Marks and Spencer, Marriott Hotels, McAfee, McDonald’s IN, Monster.com, Motorola, New Balance, Nike, Philco, Philips, Pizza Hut, Puma, Ratuken FR, Samsung Galaxy Store RU, Seiko RU, Sephora, Shopee, The NBA Store, Tommy Hilfiger, Under Armour, Verizon, Vitacost, Vodafone UK, Wish.com, and WWE Shop.
Thus, you can get Rewards Bunny cashback at many places real people want to shop. However, the largest online store in the US Amazon (AMZN) appears to be absent from Rewards Bunny. In July 2021, Statista estimates Amazon was the largest US online retailer with $386.4 billion in sales.
However, Rewards Bunny works with Statista’s second and third largest US retailers. Those retailers were Walmart (WMT) with $67.49 billion in online sales and eBay (EBAY) with $40.47 billion in online sales in July 2021.
How Popular are Rewards Programs?
Rewards programs are big business. For instance, Starbucks Rewards had 24.2 million active users in the third quarter of 2021, US News estimates.
Moreover, Starbucks claims the number of active rewards users grew by 48% in the third quarter of 2021. That was a 48% increase over the third quarter of 2020. Impressively, those 24.2 million users had been active for over 90 days. Finally, Starbucks Rewards added one million new members in the third quarter of 2021 and five million new customers in the first three quarters of 2021.
Starbucks Rewards show loyalty programs that work with well-known brands can attract enormous numbers of users. Notably, Rewards Bunny (RBUNNY) is a rewards program that is working with major retail brands as Starbucks does.
However, Starbucks offers in-store rewards. Most of the Rewards Bunny brands do not offer in-store rewards. However, Walmart offers a popular pickup program at its stores.
What Value Does Rewards Bunny (RBUNNY) Have?
Mr. Market gives Rewards Bunny (RBUNNY) some value. For example, CoinMarketCap gave RBUNNY a 0.8₵ Coin Price, a $7.229 million Market Cap, a $8.341 million Fully Diluted Market Cap, and a 190,539 million 24 Hour Market Volume on 15 December 2021.
They based those numbers on a Self-Reported Circulating Supply of 865.161 million RBUNNY, a Maximum Supply of one billion RBUNNY, and a Total Supply of one billion RBUNNY. RBUNNY was CoinMarketCap’s 4015th largest cryptocurrency on 15 December 2021.
In comparison, CoinBase gave Rewards Bunny a 1₵ price and a $190.599 million 24-Hour Market Volume on 15 December 2021. CoinBase gave Rewards Bunny an All-Time High of 2₵.
Speculators Need to Stay away from Rewards Bunny (RBUNNY)
There is a strong interest in Rewards Bunny (RBUNNY). For instance, CoinMarketCap estimated Rewards Bunny was the fifth most trending cryptocurrency on 12 December 2021.
I think there is genuine interest in Rewards Bunny. However, I am skeptical of this cryptocurrency, because they reveal none of the technical details of the token and app. For instance, they do not reveal how Rewards Bunny distributes the US Dollars as a reward? Is it a stablecoin or a direct dollar payment?
Hence, I advise speculators to stay away from Rewards Bunny until they reveal how it works.