Random Apps – A New Way to Earn Residual Income or Grow Big
Rand Application is an easy-to-use application that aims to decentralize Decentralized Finance (DeFi) and provide an easily accessible prize pool for users to make big savings. For those who want to be the first to try the Edge app and access their $ 50,000 giveaway, click here.
Rand is a new and exciting project here that aims to tackle one of the major sources of stress in young people and professionals with the time and knowledge to get their capital back.
Project Rand was born from the passion and motivation of its CEO and founder Pol Martin to alleviate the financial plight of young people of his generation. As a Generation Z person, he has seen first hand how some of his close friends without extensive knowledge of financial instruments or vehicles have difficulties in earning a secure passive income or benefiting from their savings.
Rand was the result of that need and a desire to put a very urgent matter on record. The aim is to give young people the opportunity to add to their financial products and savings and improve their financial health.
Rand has taken some big steps in the early days and with confirmed partnerships with Acala, Tokensoft, Criptan and Autonoma, the future looks bright.
The logic behind Rand
There are currently no financial instruments that truly meet Gen Z needs, and the tools that exist are out of date. Young people without any kind of mobile app can generate a tangible income from their savings in the short term without the need for extensive financial knowledge to make money safely on the whole. As a result, they have to try riskier options like investing in random memes and cryptocurrencies, gambling or lottery games because they think this is the only – or easiest – way to get passive income or big wins in a short period of time. Rand App was created to enable them to generate tangible income in the short to medium term without risking all of their savings.
Rand will be a budget-saving mobile app where users can create or join collective prize pools to generate a shared return on their own money. These basins are called basements. There are profitable groups or profitable groups where participants have the opportunity to pool money with friends and family to generate passive income and profits that can be rented, saved for the holidays or next year’s Christmas gifts, or while playing big can win and pool their coins in the public vault, and the best part is if you don’t win, you can cash out mine at any time.
To do this, blockchain technology and DeFi elements are combined to create a perfect financial tool for young people where their money works for them on autopilot and financial goals become reasonable.
How it works?
The Edge app offers two types of products:
- Private safe created between friends and family.
- The public vault is hosted by Rand and anyone can join.
Users join intuitively and easily via edge crypto vaults and bet on pools of liquidity. You can join a public vault or become a game master by creating a private vault that will invite friends and family to join and add coins. Once all users have deposited funds into the vault from their bank accounts or personal wallets, the funds are converted into a stablecoin cryptocurrency.
In the public vault, these coins will be diverted to the Rand Vault, where they will be redistributed according to the most profitable strategy on the market today. Every week, the originally compounded amount is returned to the bonus safe along with the accrued interest. The prizes will then be shared among a randomly selected prize pool winner.
In a private vault, for example, friends and family can pool funds to generate profits and achieve financial goals together, such as earning and saving for the Christmas holidays next year or paying the rent for their houses.