It's good to save money to prepare for business capitalization but not for keeping in a bank. There are lots of disadvantages when you save money in a bank long-term. It's much better if you invest your extra cash in a Vention staking subscription. Here's why.
With banks, all you get is 1 to 3 percent interest rate per year. If you put your Php 10,000 in a bank and get, say, 2.5 interest per annum, you get Php 250.00 per year. But if you put it in Vention, you get 35 percent in VNT, not per year but PER MONTH! So if one Vention token hits Php 10.00 (1 VNT = Php 10.00), your 35 percent (which is 3,500 VNT) will become Php 35,000.00. That's Php 35K a month, or Php 420,000 a year. Compare that with Php 250 a year from bank savings.
Inflation rate hits every year. The forecasted inflation rate this 2022 is about 3.5 percent. This means the buying power of the Philippine peso will devalue or decrease by 3.5 percent. If you put your money in a bank and earn 2.5 percent interest rate, it will lose more due to the 3.5 inflation rate. It's much better to take a risk and invest in Vention than lose your money to inflation.
Cryptocurrencies like Vention have the potential to keep increasing in value with time. It can fluctuate now and then but the trick is to wait for the big increase and then sell or convert to cash by transferring to your bank account or GCash.
Your percentage share (35% with Gold package) does on each month. If a Gold package costs Php 10K, you can have an ROI in 3 to 5 months or less. After getting your ROI, the monthly percentage shares continue, making you earn huge profits long after your ROI. This will never happen with your bank savings.
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