Topic: Best coin to farm right now (Read 537 times)
Farming is good but you need to know rule about farming, when you out and price of your coin farming pump you will not get full or the same amount of your coin, will convert with the same value only, example you farming BNB and CAKE coin both have value $1000, but when CAKE and BNB pump and your assets increase almost $2000 when you out you only earn with value $1000 or your coin will deducted between Cake or BNB coin, so think again with farming.
Farming in crypto today you can see that there are several new chains being created for a definite profit. the new network suitable for farming on NFT tokens and the metaverse of the two networks became the main topic in crypto this year, there are several projects that have appeared in the ajan metaverse network the potential benefits of which can be very promising.
Yes, you are right on one point, what apsa is that when talking about NFTs people usually make a barrier, because everything is associated with NFT games and obviously with all that ponzi scheme that turned out to be in most games For me, doing a good farm is on some platforms with reliable games, where you don't win much, but the profits are safe, for example in Betfury, if you have BFG tokens you farm and you get a lot of profit in terms of the main currencies, already It is more oriented towards staking or as they call it over there as passive earnings, as well as the staking that is done in some exchanges, for me these things represent more security.
Farming is popular moreover during 2021. And many coins are valuable enough for farming.
Many people are also getting their own earnings from some platforms trusted that can give the farming features.
However, not all farming platforms are recommended and trusted.
I ever did it several times and enough for me to earn the income.
But now, it is not doing yet again.
Or is it any trusted and reputable one that still works until now and proven?
I don't know of any for now but again I can't say farming is no longer profitable nowadays as many investors are still cashing out farming profit on daily as it depend on the APY and the rewarded percentage, I will say you should carryout a personal research to discover good-paying farming coins in the market and the best platform to carry out such farming activities to gain such reward.Many people are also getting their own earnings from some platforms trusted that can give the farming features.
However, not all farming platforms are recommended and trusted.
I ever did it several times and enough for me to earn the income.
But now, it is not doing yet again.
so am kind of thinking to go into farming but my concussion is in choosing the coin to farm at the moment that will guarantee speedy profits.
I am not sure if there is a farming platform that can give such a guarantee, moreover with speedy profits.Or is it any trusted and reputable one that still works until now and proven?
Farming is popular moreover during 2021. And many coins are valuable enough for farming.
Many people are also getting their own earnings from some platforms trusted that can give the farming features.
However, not all farming platforms are recommended and trusted.
I ever did it several times and enough for me to earn the income.
But now, it is not doing yet again.
Or is it any trusted and reputable one that still works until now and proven?
I don't know of any for now but again I can't say farming is no longer profitable nowadays as many investors are still cashing out farming profit on daily as it depend on the APY and the rewarded percentage, I will say you should carryout a personal research to discover good-paying farming coins in the market and the best platform to carry out such farming activities to gain such reward. Many people are also getting their own earnings from some platforms trusted that can give the farming features.
However, not all farming platforms are recommended and trusted.
I ever did it several times and enough for me to earn the income.
But now, it is not doing yet again.
so am kind of thinking to go into farming but my concussion is in choosing the coin to farm at the moment that will guarantee speedy profits.
I am not sure if there is a farming platform that can give such a guarantee, moreover with speedy profits.Or is it any trusted and reputable one that still works until now and proven?
In the past couple of years back we are not familiar with the term cryptocurrency farming not until the development of defi projects that see to the introduction of yield farming and since then many investors have dived in just to make some good profits from this new invention.
But to choose the right coin to farm is another vital aspect of it, so am kind of thinking to go into farming but my concussion is in choosing the coin to farm at the moment that will guarantee speedy profits.
But to choose the right coin to farm is another vital aspect of it, so am kind of thinking to go into farming but my concussion is in choosing the coin to farm at the moment that will guarantee speedy profits.
I think that right now, with so much market volatility, you might want to farm some stablecoin pairs.
Specifically there are some great yields on the Fantom ecosystem with Spiritswap and Spookyswap, you can definitely get 20%+ APY on those.
Alternatively, take a look at the UST deposits on Anchor protocol - you are essentially making 19.5% on fiat with little risk.
Farming is popular moreover during 2021. And many coins are valuable enough for farming.
Many people are also getting their own earnings from some platforms trusted that can give the farming features.
However, not all farming platforms are recommended and trusted.
I ever did it several times and enough for me to earn the income.
But now, it is not doing yet again.
Or is it any trusted and reputable one that still works until now and proven?
Many people are also getting their own earnings from some platforms trusted that can give the farming features.
However, not all farming platforms are recommended and trusted.
I ever did it several times and enough for me to earn the income.
But now, it is not doing yet again.
so am kind of thinking to go into farming but my concussion is in choosing the coin to farm at the moment that will guarantee speedy profits.
I am not sure if there is a farming platform that can give such a guarantee, moreover with speedy profits.Or is it any trusted and reputable one that still works until now and proven?
Most farming platforms will not guarantee a speedy profit.
What I have seen is that you can farm in at least more reputable sites.
The APY may not be that high, but at least you have high assurance that you can get your money back plus profits.
If the site is offering too-good-to-be-true ROI, doubt their capability or legitimacy.
High likely that you can get few payouts at the beginning but later on, they may disappear or you won't get any dividends anymore.
Farming is popular moreover during 2021. And many coins are valuable enough for farming.
Many people are also getting their own earnings from some platforms trusted that can give the farming features.
However, not all farming platforms are recommended and trusted.
I ever did it several times and enough for me to earn the income.
But now, it is not doing yet again.
Or is it any trusted and reputable one that still works until now and proven?
Many people are also getting their own earnings from some platforms trusted that can give the farming features.
However, not all farming platforms are recommended and trusted.
I ever did it several times and enough for me to earn the income.
But now, it is not doing yet again.
so am kind of thinking to go into farming but my concussion is in choosing the coin to farm at the moment that will guarantee speedy profits.
I am not sure if there is a farming platform that can give such a guarantee, moreover with speedy profits.Or is it any trusted and reputable one that still works until now and proven?
In the past couple of years back we are not familiar with the term cryptocurrency farming not until the development of defi projects that see to the introduction of yield farming and since then many investors have dived in just to make some good profits from this new invention.
But to choose the right coin to farm is another vital aspect of it, so am kind of thinking to go into farming but my concussion is in choosing the coin to farm at the moment that will guarantee speedy profits.
Well, farming is another way to make money but can't expect that it contributed a lot to your capital. Even choosing the higher APY coins still won't give you much. However, investing in crypto is just like we are in gambling, sometimes we got lucky and sometimes we're not. To choose the life we have like getting into farming is your well, and that you will think that satisfies you somehow in the end.But to choose the right coin to farm is another vital aspect of it, so am kind of thinking to go into farming but my concussion is in choosing the coin to farm at the moment that will guarantee speedy profits.
Anyhow, the risk is too low when compared to trading but if you can do trading, I guess this was the best option to take.
snip
How many ron/wron you currently have been farming? (snip..)I also set the groundwork in staking AXS to generate at least 0.5 AXS per day, which I believe is achievable.
[..snip]I don't know how to calculate the average that I'm getting daily.
[...snip]But do you have any estimation how much AXS you need to stake for you to earn 0.5 axs per day?
Currently we have around 112% Annual Percentage Return (APR) which can be seen on the AXS staking dashboard. And to calculate your daily reward, you need to consider how many AXS is currently at stake. The formula to get the daily rewards based on the current APR are as follows.No.of AXS staked / APR(%) = No. Of AXS rewards within a year.
So in order to calculate the daily reward, you'll just need to divide the quotient from 365 which is the number of days in a year. And to answer the question on how we can have a 0.5 AXS per day, you need to have at least 165 AXS staked as per the current APR.
165 / 112% = 184.8
184.8 / 365 = 0.50 AXS per day
Wow, thank you very much for sharing those numbers, the truth was I did not know that I had those returns, however currently as the market is moving, do you think that in an ongoing trend by the BTC is bullish these numbers will improve if the metaverses are successful? because obviously if the BTC market goes down, the profitability goes down and this is a direct consequence of the whole market.
If we put these numbers in context we can get an idea what the profit represents for AXS, if staking with another coin of more value the results will be better, it is a great option of starting point of analysis for everything.
I am in a decentralized exchange where I put very little money to farm with a token of a game that until now has not become scam, but I am testing everything, to see if in the long term this is profitable.
legendary
Activity: 3010
Merit: 1028
Leading Crypto Sports Betting & Casino Platform
You should remember that APY is not everything if the coin you farmed is falling in value because the circulating supply becomes too inflated due to the high APY they offer for temporary fame.
I think it’s better to choose a coin with high APY but also high market capitalization so that even if the APY offered is high, your waiting will not come to waste due to volatility or something like that, though to be honest, stablecoin staking is still the way to go
even if the APY offered is low because it’s just more stable and a lot more safer than staking in coin that offers APY but could lose almost half of its value once the reward is unlocked.
However, staking in a coin that’s NFT game based also could be an alternative if you really looking for a coin farming with quite high APY but also relatively stable, Axie and Vulcan Forged, they both offer staking for the land owners in their game if i’m not mistaken.
It seems with the game could make the staking they offered with high APY seems more sustainable and not just something that’s too good to be true.
I think it’s better to choose a coin with high APY but also high market capitalization so that even if the APY offered is high, your waiting will not come to waste due to volatility or something like that, though to be honest, stablecoin staking is still the way to go
even if the APY offered is low because it’s just more stable and a lot more safer than staking in coin that offers APY but could lose almost half of its value once the reward is unlocked.
However, staking in a coin that’s NFT game based also could be an alternative if you really looking for a coin farming with quite high APY but also relatively stable, Axie and Vulcan Forged, they both offer staking for the land owners in their game if i’m not mistaken.
It seems with the game could make the staking they offered with high APY seems more sustainable and not just something that’s too good to be true.
Staking on Pancake is decreasing APR so I prefer staking on ApeSwap, there is still APR of more than 100% so it's worth choosing and trying, some altcoins also have good performance even though they are new.
It's undeniable that the year 2021 was influenced by the coin meme, Doge and Shiba continued to explode so that the market in general became positive, even though many people didn't like it because they thought it was just trash and there was no direct adoption, but the meme community is so big that it deserves to be followed.
snip
How many ron/wron you currently have been farming? (snip..)I also set the groundwork in staking AXS to generate at least 0.5 AXS per day, which I believe is achievable.
[..snip]I don't know how to calculate the average that I'm getting daily.
[...snip]But do you have any estimation how much AXS you need to stake for you to earn 0.5 axs per day?
Currently we have around 112% Annual Percentage Return (APR) which can be seen on the AXS staking dashboard. And to calculate your daily reward, you need to consider how many AXS is currently at stake. The formula to get the daily rewards based on the current APR are as follows.No.of AXS staked / APR(%) = No. Of AXS rewards within a year.
So in order to calculate the daily reward, you'll just need to divide the quotient from 365 which is the number of days in a year. And to answer the question on how we can have a 0.5 AXS per day, you need to have at least 165 AXS staked as per the current APR.
165 / 112% = 184.8
184.8 / 365 = 0.50 AXS per day
When we do coin farming, the main thing money is needed is to choose the right coins and persistence. because farming cryptocurrencies is very similar to farming in the real world. starting from the initial stage to the harvest process. and this is an interesting thing of course
quick profits are only based on luck, because not everyone knows coins that can get a lot of profit, but everything can be learned in new markets, and there will definitely be exceptions if we start routinely transacting in them like there is a..certain coin rewards if we have or often transact o
n the coin..maybe my understanding is like that.
Your statement is not far from what farming is all about because in yield farming you provide liquidity for the coin to support its transaction and also prevents the value of the farmed coin from dropping, but the major challenge is in choosing the coin to farm because is you farm the wrong coin all your efforts may be in futility as the project may die in the future so you need to carefully choose the coin you will want to risk on.n the coin..maybe my understanding is like that.
and there the risk will be slightly reduced because the sense of confidence will be tested...
Play to earn games are good at keep a token price at check, though the game project must be a stronger one like wonderhero for example, they have staking and farming but now it doesn't look like market will go Futher up I believe that bear market is imminent so farm for a month or two and take your profits
I have never been absorbed by this kind of method since it's almost the same as what happened before. High yield investment programs. Like a combined staking and HYIP. But, some investors are good at this especially if they used the right research for the coin that they are farming.
Support is also a point to consider. Trusted exchange like Binance do support this kind of method but don't forget to double check as there maybe ToA about Binance not being responsible for any losses.
Support is also a point to consider. Trusted exchange like Binance do support this kind of method but don't forget to double check as there maybe ToA about Binance not being responsible for any losses.
snip
How many ron/wron you currently have been farming? (snip..)I also set the groundwork in staking AXS to generate at least 0.5 AXS per day, which I believe is achievable.
[..snip]I don't know how to calculate the average that I'm getting daily.
[...snip]But do you have any estimation how much AXS you need to stake for you to earn 0.5 axs per day?
Currently we have around 112% Annual Percentage Return (APR) which can be seen on the AXS staking dashboard. And to calculate your daily reward, you need to consider how many AXS is currently at stake. The formula to get the daily rewards based on the current APR are as follows.No.of AXS staked / APR(%) = No. Of AXS rewards within a year.
So in order to calculate the daily reward, you'll just need to divide the quotient from 365 which is the number of days in a year. And to answer the question on how we can have a 0.5 AXS per day, you need to have at least 165 AXS staked as per the current APR.
165 / 112% = 184.8
184.8 / 365 = 0.50 AXS per day
I would also take a look at Crabada. The barrier to entry is higher but the earning potential is also much higher. There is also a ton of development and releases coming in 2022 that will likely continue to push it upward. Its still early on in the game and people are making a decent daily income from playing the game. With the recently introduced staking to earn CRAM it just helps keep the coin itself stable. I went in heavy on this a few weeks ago and its one I will continue on with into 2022. IME is another P2E game I would keep a very close eye on.
People are sleeping on Axie and its current situation. I am sure that right now people see that SLP price is dropping, and it may drop even more so that is totally understandable. However what they are missing is that for something like as cheap as 300 dollars, you could build a meta team. This means if you could make about 150 SLP per day, which is not really that impossible (could make a lot more) you have a chance to make nearly 130 dollars a month.
I am not saying that you will buy a great meta team for 300, nor will make 130 dollars a month, all I am saying is there is a "chance". Of course do not forget about the fact that each extra 300 dollars you spend could be another scholar who could bring 50-60 dollars easily, probably even more. So, we are talking about a great return on investment. There are also other games and such on the roadmap which could make people earn more, and increase the prices of axies as well.
This could be bottom for it, or it could be going down even more, we do not know but I feel like it worths the risk. If I had money, I would definitely build a team right now.
You're right and that's what I'm doing.I am not saying that you will buy a great meta team for 300, nor will make 130 dollars a month, all I am saying is there is a "chance". Of course do not forget about the fact that each extra 300 dollars you spend could be another scholar who could bring 50-60 dollars easily, probably even more. So, we are talking about a great return on investment. There are also other games and such on the roadmap which could make people earn more, and increase the prices of axies as well.
This could be bottom for it, or it could be going down even more, we do not know but I feel like it worths the risk. If I had money, I would definitely build a team right now.
Building more but there are moments of time that I'm being moved and emotional when I see people create FUD about Axie.
I'm not defending them and I'm just another investor just as the others. The price of Axies has been rock bottoming and SLPs price as well.
While AXS, it's still considered being at a good price.
In return of it, I'm leaning on the ron token although I'm not really invested a lot there since I'm dividing my capital from here and there. Hopefully when it launches, it will have a good price and as well as the recovery of SLP and team prices will increase.
Jump to: