I learned the hard way to stay away. Lost a good chunk of my funds doing that even though their websites say otherwise. Then they have this huge buy and sell taxes which wipe off the little profit you must have made. So all in all, you are gonna end up rekt
Rekt won't be forever if you look at opportunities from several different directions and don't just look at one direction because looking for profit you must always be able to be in any condition and in any environment so that when a job makes you lose, there are other possible jobs. you can generate to recover the loss. 
Topic: Be careful around massive APY projects (Read 215 times)
I'm sure some of those who invest really understand this, but they are still greedy with all the APY that has been presented. I'm sure not a few of them really regret investing in a ponzi scheme under the guise of DeFi. But it's really tempting before what has not been achieved has not been obtained to double their assets will continue to invest there regardless of the risks that will be faced.
High risk, high reward.
But with these kinds of projects, the risk is not worth it. To be honest, most or all of these projects with that kind of high APY are scams.
I am now impressed with the scammers, they have a lot of ways to scam, before, the old way is like Ponzi schemes, but now they are now in cryptocurrencies.
But with these kinds of projects, the risk is not worth it. To be honest, most or all of these projects with that kind of high APY are scams.
I am now impressed with the scammers, they have a lot of ways to scam, before, the old way is like Ponzi schemes, but now they are now in cryptocurrencies.
Stay away from projects with insanely high APY, 100,000% to 500,000% APY, you knew what I'm talking about, Titano, Safuu and others, invest but learn to back your initial investment first, all these defi projects are practising ponzinomic scheme. The latest is Safutinano, just know what you are doing.
yes, that's true, indeed Defi projects by providing very large APY will have the potential for a ponzi scheme, of course we have to avoid it even though it is very attractive to buy, there are still defi projects that are good and provide not much APY,
I think APY at least 20% or 50% is very good than 1000%.
Stay away from projects with insanely high APY, 100,000% to 500,000% APY, you knew what I'm talking about, Titano, Safuu and others, invest but learn to back your initial investment first, all these defi projects are practising ponzinomic scheme. The latest is Safutinano, just know what you are doing.
More and more projects are strange and unnatural, it is impossible to be able to give apy up to thousands of percent even there is a project that dares to give APY up to 1000% per day, maybe at the beginning looks profitable but I'm sure slowly they will be a scam, I never dare to take risks to Invest in projects with too high risk.
Stay away from projects with insanely high APY, 100,000% to 500,000% APY, you knew what I'm talking about, Titano, Safuu and others, invest but learn to back your initial investment first, all these defi projects are practising ponzinomic scheme. The latest is Safutinano, just know what you are doing.
It is impossible to serve a tasty meal for a low price, the higher the profit, the higher the risk. Best way is to stay away from them, don't try for even a few dollars, it will make you addicted or trapped if you don't control yourself. maybe they still pay you a small amount of interest but then you put all your assets into it and they disappear. so don't try and don't let them tempt you.
Stay away from projects with insanely high APY, 100,000% to 500,000% APY, you knew what I'm talking about, Titano, Safuu and others, invest but learn to back your initial investment first, all these defi projects are practising ponzinomic scheme. The latest is Safutinano, just know what you are doing.
100,000%-500,000% APY? 
I'm not aware of such projects, but they look much more hardcore than the most hardcore hyips I've seen. Unfortunatelly people who go for these investments are asking to lose their money, because there aren't any guarantees they are going to receive huge interest on their funds, what is impossible anyway, considering how insane those returns are.
If something like that really existed, someone staking 1$ would become the richest man of Planet Earth after few years of investment.
Stay away from projects with insanely high APY, 100,000% to 500,000% APY, you knew what I'm talking about, Titano, Safuu and others, invest but learn to back your initial investment first, all these defi projects are practising ponzinomic scheme. The latest is Safutinano, just know what you are doing.
The investment concept of the unreasonable APY model sooner or later will become a scam, it's better to avoid investing in the project, and if we still have assets in that type of investment then I recommend selling it immediately, I once invested in Safuu when the price was more than $200 and now the price is only about $10.
I learned the hard way to stay away. Lost a good chunk of my funds doing that even though their websites say otherwise. Then they have this huge buy and sell taxes which wipe off the little profit you must have made. So all in all, you are gonna end up rekt
Stay away from projects with insanely high APY, 100,000% to 500,000% APY, you knew what I'm talking about, Titano, Safuu and others, invest but learn to back your initial investment first, all these defi projects are practising ponzinomic scheme. The latest is Safutinano, just know what you are doing.
I am actually avoiding this kind of high APY. I always wonder where they will get the amount to pay for the interest of their depositors. Besides, it was already proven that this kind of high interests is not sustainable. I also observed that the more people participate in the reward the lower the APY becomes.
Stay away from projects with insanely high APY, 100,000% to 500,000% APY, you knew what I'm talking about, Titano, Safuu and others, invest but learn to back your initial investment first, all these defi projects are practising ponzinomic scheme. The latest is Safutinano, just know what you are doing.
That is why we must be always careful to trust a new project. As we know, one of the ways that are used by new projects to promote them and to invite more investors is by offering promises, one of them is the reward like APY. But, as we know that not all ew projects are exactly solid and legit. Many use the Ponzi scheme like what you said. Some use this hype for scamming the investors. And the other thing is only about shit. Very high APY may be very exciting and tantalizing, but there are always high risks also for high profits. One of them is scam and fraud.
For me,I will prefer to choose saving or staking my coins or tokens only in reputable platforms that has been trusted and popular although it has smaller APY
Stay away from projects with insanely high APY, 100,000% to 500,000% APY, you knew what I'm talking about, Titano, Safuu and others, invest but learn to back your initial investment first, all these defi projects are practising ponzinomic scheme. The latest is Safutinano, just know what you are doing.
I am actually avoiding this kind of high APY. I always wonder where they will get the amount to pay for the interest of their depositors. Besides, it was already proven that this kind of high interests is not sustainable. I also observed that the more people participate in the reward the lower the APY becomes.
There are some percentage of APY that are reasonable but there are others that it's obviously targeted at the greedy and such has a very short span before the project locks out. If one is able to get in early, it may be to your advantage, but if not, it could be a sure way to liquidation. We need to be smart when investing and don't chew more than what you can bite.
That's only their way to lure investors, I actually do invest in that project and yes they literally have 100,000% APY or millions APY the problem is that the price of their coins or tokens keeps crashing so even if your coin generates 100,000% APY the price of it will be lower than the first you started because as the time goes by the price keeps crashing. So just stay away from those staking projects with massive APY as those are not true and will just waste time and money on that thing.
I think that 100 APY is suspicious but 13-20%, like what you get from staking NEAR and ICP respectively, is reasonable. 
That's only their way to lure investors, I actually do invest in that project and yes they literally have 100,000% APY or millions APY the problem is that the price of their coins or tokens keeps crashing so even if your coin generates 100,000% APY the price of it will be lower than the first you started because as the time goes by the price keeps crashing. So just stay away from those staking projects with massive APY as those are not true and will just waste time and money on that thing.
I read a lot and actively participate in discussions in various chats and forums, and I’ll say right here one correct option, staking for a good APY, and in order to make it easier to search, I use the AnalytEx landing aggregator, it’s very convenient, but as an option you can find another , everyone chooses to their liking, I personally use it because everything is very simple and you can immediately see APY with which you can stake quite easily and profitably, and I started using after their news how much you can earn per day from $1000, I was surprised )
Stay away from projects with insanely high APY, 100,000% to 500,000% APY, you knew what I'm talking about, Titano, Safuu and others, invest but learn to back your initial investment first, all these defi projects are practising ponzinomic scheme. The latest is Safutinano, just know what you are doing.
True, there are a lot of projects who promotes this kind of scheme, giving a huge APY return. As what we say here in cryptoverse, "if it's too good to be true, probably is". So please for everyone, remember this old but very effective philosophy. Even in real world, that kind of returns is not possible, banks and other institutions will not give anyone that percentage. And specially if the platform that are promoting this is new? damn, that's is another sign that they might do a rug pull, so everyone should be very very careful.
Staking with a high APY does make us want to enter and invest in the platform because if we calculate it we can get high passive income, but if you think about it, it really doesn't make sense so whatever the conditions are if we are going to be included in the staking platform then look for it. a lot of information about the platform or we can try with a small nominal to reduce the risk of large losses.
Stay away from projects with insanely high APY, 100,000% to 500,000% APY, you knew what I'm talking about, Titano, Safuu and others, invest but learn to back your initial investment first, all these defi projects are practising ponzinomic scheme. The latest is Safutinano, just know what you are doing.
I can't believe that somone in his right mind would think that a project offering 100,000% + APY is legit. it's an obvious ponzi scheme and if you fall for it you deserve to lose your money tbh. This is an old scheme that offers higher return in just a short period of time and we already know that its too good to be true, don’t invest on that because they are a scam. That kind of APY is too high, many will surely attract on that but hopefully they wont invest right away and do their own research first. I’m not into this kind of project anymore, I lose money before because of this and I will not do the same mistake again.
If it is too-good-to-be-true, then, doubt their authenticity as well as longevity of the project. Usually, they want to attract investors because of those high APYs, but you will find out very soon that they will stop distributing dividends because they can't sustain the platform, especially if they have no recruit anymore. So it is better to invest in lower APYs like in binance, but at least you know, you can really get the interest or dividends as agreed, and they won't disappear, that you are confident of.
Stay away from projects with insanely high APY, 100,000% to 500,000% APY, you knew what I'm talking about, Titano, Safuu and others, invest but learn to back your initial investment first, all these defi projects are practising ponzinomic scheme. The latest is Safutinano, just know what you are doing.
Somehow it's an indicator of a scam project but there are legitimate project that really offers high yileds of APY. Well, better to stick on the reputed one rather to risk it on the new ones, newbies should have been more extra careful nowadays. 
Stay away from projects with insanely high APY, 100,000% to 500,000% APY, you knew what I'm talking about, Titano, Safuu and others, invest but learn to back your initial investment first, all these defi projects are practising ponzinomic scheme. The latest is Safutinano, just know what you are doing.
That's too good to be true and still an attractive offer that many will be taking for. Just avoid those projects that are giving you crazily high interest rates because they're not real.The developers just want you to sign up and deposit for it so that they'll get as much as money as they can for those gullible and greedy people. That is the reason why everyone should be careful if it's about APYs.
This is an old scheme that offers higher return in just a short period of time and we already know that its too good to be true, don’t invest on that because they are a scam. That kind of APY is too high, many will surely attract on that but hopefully they wont invest right away and do their own research first. I’m not into this kind of project anymore, I lose money before because of this and I will not do the same mistake again.
Stay away from projects with insanely high APY, 100,000% to 500,000% APY, you knew what I'm talking about, Titano, Safuu and others, invest but learn to back your initial investment first, all these defi projects are practising ponzinomic scheme. The latest is Safutinano, just know what you are doing.
Everything which is really that too good to be true will really be giving out that kind of feeling that something is off and if you are aware on this market scamming projects and activities then you would really be able to pointout for yourself that this is something that should really be avoided.APY on those scales are already obvious on trying to hook or lure in people to park their coins and wont be surprised that one day they would really be
declaring some so called hacking incident or just simply they do ran off with the funds thats why we should really be careful on making out decisions something in related to t his one.
It's not all but some. I do know that if they have no real product with utility and they are using the highest APY as a click bait to attract the investors to invest in their tokens and then the price will be starting to decrease again due to the various things like dev was dumping their token slowly to the market. The source of this biggest reward was coming from the pre mined tokens that allocated by the developers.
These developers didn't even need to think about how to run it carefully as it didn't have a plan to create a product.
This kind of project is very dangerous.
These developers didn't even need to think about how to run it carefully as it didn't have a plan to create a product.
This kind of project is very dangerous.
Stay away from projects with insanely high APY, 100,000% to 500,000% APY, you knew what I'm talking about, Titano, Safuu and others, invest but learn to back your initial investment first, all these defi projects are practising ponzinomic scheme. The latest is Safutinano, just know what you are doing.
Don't say 'all these' rather say some of these, because by saying all these it means you are generalising all the defi projects we have in blockchain which is wrong. In fact, it is only greed that will lead anyone to invest in such pointless projects that have nothing to offer than just high apy.
How does those who are jumping into this ridiculousness think the team can sustain the project by giving such huge apy? It is very obvious these are money grabbing projects.
To say the truth, more than 60% knows the truth behind all this kind of projects but everyone is looking for a way to recover or make some quick profit. It's somewhat like a ponzi method, only those who come in early or are not greedy make some money. If market dips the usual way, we might be seeing more of this and people will participate. Just watch your back if you are into it.
Stay away from projects with insanely high APY, 100,000% to 500,000% APY, you knew what I'm talking about, Titano, Safuu and others, invest but learn to back your initial investment first, all these defi projects are practising ponzinomic scheme. The latest is Safutinano, just know what you are doing.
Yeah and i see that there are some new projects that have been offered non sense thing like safuu. This has become a new trend since people can earn non sense money -from there are so many scammers are starting to create their own scam project that promises people that invested their money on such project with hundreds thousands of yield that can be earned easily by the token holders. This is starting to be a new trend in the crypto investors as so many crypto investors are starting to take this as their investment caused by they have been promised by very big APY
In simple terms, "too good to be true".
When a project is like that, that's a no go to me. It may be an obvious scam or they are trying a click bait system to get investors and just realize the truth once you are invested in it and no way to back out.
I'd rather take the long road of little amounts of annual profits but more secured rather than that. Or, just stick with Bitcoin. No returns, do it yourself platform if you want to make profits in different ways.
When a project is like that, that's a no go to me. It may be an obvious scam or they are trying a click bait system to get investors and just realize the truth once you are invested in it and no way to back out.
I'd rather take the long road of little amounts of annual profits but more secured rather than that. Or, just stick with Bitcoin. No returns, do it yourself platform if you want to make profits in different ways.
If someone think they can make that much returns by any kind of investment then they are deserved to be scam because traditional investment gives the returns per year in single digit and that made the people so much rich then imagine what will happen if these 6 digit returns by those rich people?
I knew someone who invested 25,000$ on this Safuu project, to be honest he already made a looots of money back, through staking and holding I'm surprised how lucky he gets but still I don't have the gut to try it out, I called him crazy.
Stay away from projects with insanely high APY, 100,000% to 500,000% APY, you knew what I'm talking about, Titano, Safuu and others, invest but learn to back your initial investment first, all these defi projects are practising ponzinomic scheme. The latest is Safutinano, just know what you are doing.
If you did some research before investing, you can distinguish which projects are scam and which are not.If you know how to be realistic and you are knowledgeable, you will know just by the APY alone if the project is a legit or a fake one.
Its pretty obvious that the APY that OP said is very high that the project can't sustain to give their investors that high APY. Just imagine you will put 1$ in that project and after a year it will be $1000 or $5000. Where will they get that? That question alone is enough to answer the question "Is it legit or not?"
I will not making an investment if its on their website because it's quiet skeptical to be honest and surely they can cheat using that APY percentage or they can use it to scam investors, and to be honest i never heard such name of a project when it comes investment.
If that so i will prefer picking unknown projects in some trusted platforms than directly on their websites or whatsoever in order to prevent ponzi schemes..
If that so i will prefer picking unknown projects in some trusted platforms than directly on their websites or whatsoever in order to prevent ponzi schemes..
Stay away from projects with insanely high APY, 100,000% to 500,000% APY, you knew what I'm talking about, Titano, Safuu and others, invest but learn to back your initial investment first, all these defi projects are practising ponzinomic scheme. The latest is Safutinano, just know what you are doing.
I agree with you there, you should stay away from it if you don't want to lose your money. If you take a closer look at such systems, they usually only work because they are Ponzi schemes or because the staked coins quickly lose value, so that you end up making a loss despite the high staking rewards. Such projects are not designed to make profits in the medium and long term.
Stay away from projects with insanely high APY, 100,000% to 500,000% APY, you knew what I'm talking about, Titano, Safuu and others, invest but learn to back your initial investment first, all these defi projects are practising ponzinomic scheme. The latest is Safutinano, just know what you are doing.
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