Topic: Best coin to farm right now (Read 496 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.
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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.
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.
Go for Spiritswap. I am LPing on their boosted farm spirit-ftm pool. The rewards are juicy Spiritswap tokens. Now I am using my Spiritswap tokens to locked in on their inspirit pool which is time in locked the longer you lock it the more boosted for farming it will give you. Also there is a reward given to all those who locked their spirit into inspirit with spirit rewards weekly. I think this is the most passive and good farming I've seen in such a defi product.
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.
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.
When you say farm, I think you mean defi farming. There are hundreds of Defi projects, they all have pools and different annual apy rates are available. There is a problem in Defi projects, there are too many contract gaps and flashloan hacking can occur. That's why I don't look at a lot of new projects. Cake farm does not look bad even now, its annual apy is 68%. I never get involved with LP tokens anyway. It is best to take advantage of the farm by showing a single token as collateral.
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.
I am just seeing significant number of people started showing interest on investing into any type of passive income generation based coins. But unfortunately, no such long lasting opportunity have been available in this crypto space. There might be some good yielding cryptocurencies will arrive but over the time it will turn scam and the people who invested will be left with only coins but no values for the holding coins. This has been happened in the crypto space for more than hundred times still people like you never learned any lessons from others' experience.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.
It can be defi or anything with fancy terms but you cannot create value out of nothing; speculative assets will fail over the time because no investor could remain without profit booking.
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.
You may take a look at this,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.
https://thevrsoldier.com/top-5-yield-farming-coins-to-watch-in-2022/
I can assure you about the speedy profits coz that is not the thing we are after, I guess but at least, we make a good profit out of them as it was possible. Well, actually, I didn't try it recently and I'm not sure if farming is still in a good position now unlike before. Because what I see is in big opposite but who knows if 2022 is a good year for farming.
Among the projects that are currently coming up with MEtaverse and P2E Gaming are the ones on which the big companies have projects that will undoubtedly yield good results and it is important to invest only if those projects are well verified. And only by knowing how much is its market cap, all those successful projects will give more return than everyone's investment.
The others are also not so bad even though the amount of profit is different, and what is clear is that each benefit will always be valuable to everyone even though it is not the same because the journey of each project is not the same and very often different. 
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.
Go for Spiritswap. I am LPing on their boosted farm spirit-ftm pool. The rewards are juicy Spiritswap tokens. Now I am using my Spiritswap tokens to locked in on their inspirit pool which is time in locked the longer you lock it the more boosted for farming it will give you. Also there is a reward given to all those who locked their spirit into inspirit with spirit rewards weekly. I think this is the most passive and good farming I've seen in such defi product.
Among the projects that are currently coming up with MEtaverse and P2E Gaming are the ones on which the big companies have projects that will undoubtedly yield good results and it is important to invest only if those projects are well verified. And only by knowing how much is its market cap, all those successful projects will give more return than everyone's investment.
copper member
Activity: 2800
Merit: 1179
Leading Crypto Sports Betting & Casino Platform
Of course, it is a new coin or token that dares to give APR of up to thousands of percent, if we are staking on a strong coin like MATIC then the APR is only about 22% and I think the best thing to get big profits is to invest in new coins or tokens that provide staking services.
And usually new coins or tokens that provide staking services with large APRs will not run in the long term, in contrast to coins like Matic which have no doubt about their potential even though the APR looks small in terms of Staking.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.
I currently only have 2 ron at the moment and I don't know how to calculate the average that I'm getting daily.
I'm also planning to get into AXS staking soon but I'll wait until the farming of ron ends. I'll be going on it soon. 0.5 AXS is already a good amount per day if that's what you're planning. I'll set myself too with it soon. But do you have any estimation how much AXS you need to stake for you to earn 0.5 axs per day?
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.
Yield farming? A new kind of alternate to POS after masternode scams? I am sure if you attempt to maximize your networth through any of these and I am sure you will bite the dust and no other result will be possible in 99.9% of cases. Yeah, you got only 0.1% chances to achieve as per what such farming yielding promises.to choose the right coin to farm is another vital aspect of it, so am kind of thinking to go into farming
Where there cannot be any right coin to be existing then how you could finish up your first step? This is why most investors do settle down with stranger's advice which never can be in your favor.my concussion is in choosing the coin to farm at the moment that will guarantee speedy profits.
I am not seeing it as "speedy" but as "greedy" which is the first target of all such scams in this altcoin space.
If you are looking for a decent return without an insane amount of risk the second phase of Algorand's governance program opens up in a few days. You just have to sign up and leave them in your wallet. With the bonus it should yield around 20% if you continue to do it. You can find out more info below if interested.
https://algorand.foundation/governance
https://algorand.foundation/governance
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.
Of course, it is a new coin or token that dares to give APR of up to thousands of percent, if we are staking on a strong coin like MATIC then the APR is only about 22% and I think the best thing to get big profits is to invest in new coins or tokens that provide staking services.
If farming reward is too high just make sure you know what you are doing, there is chances of getting rekt along the way but the first thing to watch out for is how good the project is and what's coming for the project through roadmap, farming is dangerous if APY is too high you've been warned
It's true as you said but as long as the coin is still very good, it doesn't hurt to continue farming with it even though most of the good coins don't give too much reward when farming is activated by the team or the exchange. 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.
I usually stay away from DeFi farming. That's an easy way to lose a ton of money. Which has been my case, time after time. You farm a token or LP token and by the time you get your dividend or payout, the worth has dropped or dumped way too low to consider it a profit. All this would be also irrelevant if the project doesn't rugpull or exit scam
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How many ron/wron you currently have been farming? I don't have that much but I'm happy that I've got it already and hopefully its value will blow just as AXS. Since slp is not really an investment but just a utility and reward to them. AXS and RON will be the biggest governance token that they have. It's no longer just about axie but they're really making their own network from it which could really make the value up IMO and I'm just putting my faith on it.
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.
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 on the coin..maybe my understanding is like that..
If farming reward is too high just make sure you know what you are doing, there is chances of getting rekt along the way but the first thing to watch out for is how good the project is and what's coming for the project through roadmap, farming is dangerous if APY is too high you've been warned
It is hard to keep up with the various farming platforms we have lately and their apy but to me I like farming projects with standard and quality, or projects whos future is bright, lately I come across tns - ust liquidity pool farming with 287.37% Apr, we all know tns was recently airdrop to all users who have been actively used the terra name service platform, so I assuming tns can worth something in future and farming it now won't be such a bad idea,
As I said, there are many farming platforms with different offers but am only familiar with a few.
As I said, there are many farming platforms with different offers but am only familiar with a few.
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.
Regarding yield farming and/or staking of your crypto assets there are almost endless possibilities now. So you have to choose for yourself want you want to do or how much risk you are willing to take. You can go for staking BTC or stable coins (here i would probably go for staking USDC and not USDT because you can never know what happens to USDT) but in most cases you will only get relatively low APY here of around 3 to 5%. If you stake smaller cap coins or just altcoins in generall then you can achieve APY's of 50% or even waaaaay more but there i would be cautious because such high APYs are usually not sustainable because the sell pressure becomes to high.
If you are actively investing in Axie Infinity, I believe it is worthwhile to farm RON token.
Currently, the axie ecosystem does not require their users to pay transaction fees; however, the Sky Mavis team is planning to require RON very soon, which I believe will be used to reward people who create NODES into the network as well as to support the network's security. One important thing to note here is that the Ronin network exceeds the volume of transaction in the Ethereum chain[1] -- and that is green flag for me.
And, as far as I know, the developer team aims to invite other NFT games on their sidechain to use RON not only on the axie ecosystem but also in other games' transactions, similar to how BNB works on the BSC network. I could be wrong, but that's what the community and content creators are saying.
Unfortunately, the value of RON token is still unknown to everyone and the update regarding the token is still yet to be announced. The only thing you can do today is to maximize the remaining days in farming RON[2] on their Katana website.
[1] https://axie.substack.com/p/dec2021
[2] https://axie-infinity.gitbook.io/katana-docs/
Currently, the axie ecosystem does not require their users to pay transaction fees; however, the Sky Mavis team is planning to require RON very soon, which I believe will be used to reward people who create NODES into the network as well as to support the network's security. One important thing to note here is that the Ronin network exceeds the volume of transaction in the Ethereum chain[1] -- and that is green flag for me.
And, as far as I know, the developer team aims to invite other NFT games on their sidechain to use RON not only on the axie ecosystem but also in other games' transactions, similar to how BNB works on the BSC network. I could be wrong, but that's what the community and content creators are saying.
Unfortunately, the value of RON token is still unknown to everyone and the update regarding the token is still yet to be announced. The only thing you can do today is to maximize the remaining days in farming RON[2] on their Katana website.
[1] https://axie.substack.com/p/dec2021
[2] https://axie-infinity.gitbook.io/katana-docs/
Find new gaming tokens to farm or new metaverse projects to farm just make sure the project have real doxxed team and that they are professionals, this days new projects are coming up to join metaverse and p2E games just to make quick money it's why one needs to be careful
Why do you say "careful" ? what you suggest is not necessarily good for everyone ? if so, why would you suggest this game to others when you yourself are still very doubtful about it.Give a good reason for this.
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.
The desire to make quick profits leads to quick ruin.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.
If you want to get a small profit but safe, then you can study Uniswap or 1 inch and invest in the USDT /USDS /DAI stablecoin pools, but this method will not give 100% investment security either.
And under the reassurance of the bullish market cycle, I would not invest in shitcoins.
Find new gaming tokens to farm or new metaverse projects to farm just make sure the project have real doxxed team and that they are professionals, this days new projects are coming up to join metaverse and p2E games just to make quick money it's why one needs to be careful
There's less than 2 months for the Axie Infinity's new token would come. Farming ron token is risky because there's impermanent loss for your wrapped ethereum and AXS/SLP as you put it in farm.
But I'm just hoping the positive result of it when it launches by February of 2022. They've been generous for their value when they've rewarded early ronin wallet users with bunch of AXS and hopefully they do the same for the value of their ron token.
Infinity coin is one of the most hyped projects of 2021 but whatever the outcome of the launch in February is that will determine the faith of its investors.But I'm just hoping the positive result of it when it launches by February of 2022. They've been generous for their value when they've rewarded early ronin wallet users with bunch of AXS and hopefully they do the same for the value of their ron token.
Am becoming more interested in farming rewards that will be paid in ethereum rather than the farmed coin because the future of those coins is uncertain and one will not predict so to be in the best position I will rather have my farmed reward in a more stable coin such as ethereum.
There are other coins that are named 'infinity' and they're different from Axie Infinity Shard(AXS).
Talking about Axie, yes their token is one that took the hype by 2021. And by 2022, they're also releasing another token and I'm farming it hoping that it would give some decent rewards just as what they did with axs.
There's less than 2 months for the Axie Infinity's new token would come. Farming ron token is risky because there's impermanent loss for your wrapped ethereum and AXS/SLP as you put it in farm.
But I'm just hoping the positive result of it when it launches by February of 2022. They've been generous for their value when they've rewarded early ronin wallet users with bunch of AXS and hopefully they do the same for the value of their ron token.
Infinity coin is one of the most hyped projects of 2021 but whatever the outcome of the launch in February is that will determine the faith of its investors.But I'm just hoping the positive result of it when it launches by February of 2022. They've been generous for their value when they've rewarded early ronin wallet users with bunch of AXS and hopefully they do the same for the value of their ron token.
Am becoming more interested in farming rewards that will be paid in ethereum rather than the farmed coin because the future of those coins is uncertain and one will not predict so to be in the best position I will rather have my farmed reward in a more stable coin such as ethereum.
There's less than 2 months for the Axie Infinity's new token would come. Farming ron token is risky because there's impermanent loss for your wrapped ethereum and AXS/SLP as you put it in farm.
But I'm just hoping the positive result of it when it launches by February of 2022. They've been generous for their value when they've rewarded early ronin wallet users with bunch of AXS and hopefully they do the same for the value of their ron token.
But I'm just hoping the positive result of it when it launches by February of 2022. They've been generous for their value when they've rewarded early ronin wallet users with bunch of AXS and hopefully they do the same for the value of their ron token.
These new NFT almost everywhere is probably just like the same as the other since they were being hype up when in it's quite popular but people like you who always aim a very quick profit in a short span of time will eventually destroy the market price. Fortunately, some NFT owner knows how to avoid the surge of players who just want to gain profit in a short period of time and make a daily limit of withdrawal.
Most NFT nowadays would end up dropping their price as the investors only invest when it's convenient and then drop if the price starts to pump.
Most NFT nowadays would end up dropping their price as the investors only invest when it's convenient and then drop if the price starts to pump.
I have been going into the double rewards farms on Trader Joe and just building positions on projects that I like along with getting the added bonus of JOE. The two I am focused on right now is IME for the P2E game that is backed by 3AC and many others as well as CLY since they provide funding and access to so many other Avalanche projects. Every week or two I will harvest the gains from CLY and add it to my stake on CLY to increase the number of tokens I get per airdrop.
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.
You can farm cake and why? The price was quite stable and this can also be farmed used so many pairs and there are also stable tokens pair on its farm. The liquidity was also big enough and that will give a guarantee to liquidate your farmed cake to the market easily. If you wanna get a big profit in a short time but with the big risk and then you can go to the pair that will give you very big APY but remember that the risk was so high consider you may face impermanent lose as well but it will be getting replaced with cake. You can try to use some new coins that offer very big APY and you can earn huge profit in a short term by farming it. The only problem is how can you deal with the volatility of your token? i meant there are two tokens that are used as pairs to farm it. 1 new token and 1 legit coin like BNB and the only problem is the price of new tokens is really volatile.
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.
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