Do you think BSC token with rewards in BNB are sustainable in the long term?

redwine49

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Quote from: zaim7413 on February 05, 2022, 07:05:34 AM

Quote from: ?? on ??

I think we can only enter and exit the token when we are already profitable, if we hold it long term, I think it's the wrong decision

How could it be wrong ? It's not that there are good BSC-based tokens, and the well-known BNB coin is a cryptocurrency that deserves to be held in the long term, so everyone will love it, so what's wrong in your opinion ?

yeahh it just marketing strategy.
I think it will attract a lot of people but people just don't realize where they can get BNB to pay the holder
I have seen many projects reward their own tokens, which actually that's a good thing because they don't have to sell their own token to pay everyone.
If the market conditions are good, it will be fine. However if not good, it will only bury the token price alive

indo1

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I have doubts about that, making BNB as a reward requires a large amount of funds, even if the BSC token has a large trading volume I'm not sure it will last long term. Use it for the short term only.

lvsca

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So far, I'm having a really hard time finding a BSC token that lasts for the long term. If you mean DeFi, I really can't find it. Now that we are entering a bear market, there is not a single DeFi holding out at the moment.

zaim7413

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Quote from: ?? on ??

I think we can only enter and exit the token when we are already profitable, if we hold it long term, I think it's the wrong decision

How could it be wrong ? It's not that there are good BSC-based tokens, and the well-known BNB coin is a cryptocurrency that deserves to be held in the long term, so everyone will love it, so what's wrong in your opinion ?

redwine49

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Quote from: Eternad on February 01, 2022, 10:33:27 AM

Quote from: mirek92 on January 13, 2022, 12:58:59 PM

Hello,
I knwo that some BSC tokens have rewards in other currency like BNB, BUSD or USDT.
DO oyu think that this time of tokens is sustainable in the long term?

Do you know some of them which hasn´t pump and dump price scheme?

Thank´s

It's sustainable if there's enough source of funds that can be used on it like for example AMM exchange which use the stake funds for liquidity and get profit on transaction fee. If the APY% they are offering is equivalent linearly to the profit being generated to whatever source of income to the project then there's high chance that this token will gonna be successful in long term regardless on what token they are rewarding. Make sure to DYOR about how the project will gonna work and if the idea is possible to generate in long term to distribute it for holders of tokens or Stakers.

There is alot of AMM exchange right now, I have seen many AMM exchange went bankrupt and his token goes to zero.
Most of these cases are not just about the project being a scam, It's also about consumers who leave and never come back.
So the economic value of the project goes down then token holder sells all his tokens and makes the token price go down.

Ngewex Yuk

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I'm sure it means staking BNB will it continue to get rewards? Of course, yes, BNB has a large reserve of tokens, you can even add more stock, and this is what makes customers active and like BNB because there are many reward programs on Binance if we stake BNB.

FinneysTrueVision

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There are a few Safemoon clones I’ve seen which offer rewards in BNB. They have a transfer tax which basically makes them a pump and dump. There are some more serious coins but the rates are only high at the beginning, like a lot of DeFi projects.

tarable

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if you know that the BSC token belongs to Binance, then you don't need to hesitate and rest assured that the token will always be around as long as Binance is still around. this looks like copy paste, but basically everyone knows and I'm sure they agree that as long as Binance stays active, the tokens will survive.

LUCKMCFLY

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Quote from: aruldaroy on February 01, 2022, 09:22:42 PM

It all depends on their high rates and also how the platform generates them.
Because to still be able to give you a reward they have to get a working income of course.
Many people are now betting BNB or USDT to get coins as a reward.
But if you want to bet coins you should just bet NFT on biswap for the sake of currency because this can be considered a viable model in the long run.

Your opinion catches my attention because you named Biswap, to be honest I have a token called BFG that is from a prestigious casino here in the forum and I have a part in Staking mode, have you been staking in Biswap for a long time? I'm asking you because the returns I've seen in the long term are very good. I don't know if you've been using Biswap for longer or if you think it's profitable? I've been pretty much looking at all of these strategies since beta testing, and I think it's really good because it's passive income generating.

bhadz

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Quote from: DonFacundo on February 02, 2022, 06:01:02 AM

Staking BSC tokens to get rewards in BNB I think they cannot survive for long, seems most of these offers were meme tokens. You better not to get hook with their high ROI because they will exit scam anytime they want.. so you have to be careful what you are investing or staking tokens, research the project first.

I also think of the same, it's also been seen that many of these projects have high APY. It's not always guaranteed and I think that they're not sustainable.
Maybe a few really are sustainable but if it's about the majority of them, it's hard to tell because if the volume isn't a lot, it's hard to sustain.

DonFacundo

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Staking BSC tokens to get rewards in BNB I think they cannot survive for long, seems most of these offers were meme tokens. You better not to get hook with their high ROI because they will exit scam anytime they want.. so you have to be careful what you are investing or staking tokens, research the project first.

michellee

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Quote from: mirek92 on January 13, 2022, 12:58:59 PM

Hello,
I knwo that some BSC tokens have rewards in other currency like BNB, BUSD or USDT.
DO oyu think that this time of tokens is sustainable in the long term?

Do you know some of them which hasn´t pump and dump price scheme?

Thank´s

The token can be sustainable in the long term or not will depend on the project team. If the team can work seriously with their project and want to make sure that it is useful for the public, they will try hard to promote and invite more investors. But some projects are not getting pumped or lifted the price because maybe they lack the number of investors or there is not too big demand to buy the token so the price does not increase so high.

So if you are sure the project can benefit you and the project is still running and have the potential to increase in the future, you should hold the token. But if it's not, you can sell it right away, especially if you see the pump coming for that token.

Ararbermas

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Quote from: mirek92 on January 13, 2022, 12:58:59 PM

Hello,
I knwo that some BSC tokens have rewards in other currency like BNB, BUSD or USDT.
DO oyu think that this time of tokens is sustainable in the long term?

Do you know some of them which hasn´t pump and dump price scheme?

Thank´s

if you're referring to airdrop or staking from the binance platform since you mentioned that network. well probably yes and its already calculated with approx numbers especially when it comes staking wherein you can easily see it how your money will grow for long term, such the percentage..

aruldaroy

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It all depends on their high rates and also how the platform generates them.
Because to still be able to give you a reward they have to get a working income of course.
Many people are now betting BNB or USDT to get coins as a reward.
But if you want to bet coins you should just bet NFT on biswap for the sake of currency because this can be considered a viable model in the long run.

X-ray

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Can you mention what kind of distribution that used by such token? Im sure that if that's related to the staking but who knows about that. It's caused if this is distributed through staking and the reward will be totally make sense but that will be different when it was using another mechanism. If you wanna know whether that will sustain for long term or not and why don't you just try to know where the developer is getting the revenue? what kind of model that used by the developers to generate the revenue? that will totally make sense if you're asking me about this. Im sure that if we can see whether this money coming from and it's easy to determine whether that will sustain for long term or not. I should remind you that so many scam developers are exist.

kaya11

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Quote from: mirek92 on January 13, 2022, 12:58:59 PM

Hello,
I knwo that some BSC tokens have rewards in other currency like BNB, BUSD or USDT.
DO oyu think that this time of tokens is sustainable in the long term?

Do you know some of them which hasn´t pump and dump price scheme?

Thank´s

Pump and Dump is always present to all cases of crypto currencies, if those tokens give you dividends or rewards, then it is a good sign. A lively coin is better than a stagnant one. This approach of the developers are to attract more new investors and money to the coin and to keep existing ones or adding up their portfolio with their token. If you'll just have to blend in and make the most profit out of this rewards schemes and keep them on your watch always for future dumps.

tippytoes

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Quote from: Lagduf on February 01, 2022, 07:49:58 PM

just think of it as staking that in returns gives you some allocation of an airdrop and bounties, these staking with rewards in form of BNB, BUSD, and USDT is just part of their strategy in building their community for their newly generated BSC altcoin.
the rewards itself could be well being provided by the team behind that altcoin and maybe it will eventually gets drained up, also most of these kind of staking is only for short term, rarely I see some of them that gives long term staking because its just for marketing. if the reward was coming from staking and i think that's fine but it may be different when it come from another thing like the creator was distributing the reward to the holders.
im sure this can't sustain for long term. Very bad token to be bought

They can only sustain the staking rewards if the platform itself is generating income aside from the users who will put their funds into the platform. That means, they should be earning not only from the coins of their users but they have other strong use case in the market where even non stakers are using it. But if they solely rely to stakers, then, it is like a ponzi scheme to me. The lifespan will be short because once these stakers pulled out their funds, the platform will crumble. Because they have no other source of income.

Lagduf

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just think of it as staking that in returns gives you some allocation of an airdrop and bounties, these staking with rewards in form of BNB, BUSD, and USDT is just part of their strategy in building their community for their newly generated BSC altcoin.
the rewards itself could be well being provided by the team behind that altcoin and maybe it will eventually gets drained up, also most of these kind of staking is only for short term, rarely I see some of them that gives long term staking because its just for marketing. if the reward was coming from staking and i think that's fine but it may be different when it come from another thing like the creator was distributing the reward to the holders.
im sure this can't sustain for long term. Very bad token to be bought

TribalBob

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Not having a pump/dump price is normal, my friend, it all depends on the project owner when they will list it on the stock exchange.
BSC is just a network for coin development I don't think to set the price up or dump

Eternad

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Quote from: mirek92 on January 13, 2022, 12:58:59 PM

Hello,
I knwo that some BSC tokens have rewards in other currency like BNB, BUSD or USDT.
DO oyu think that this time of tokens is sustainable in the long term?

Do you know some of them which hasn´t pump and dump price scheme?

Thank´s

It's sustainable if there's enough source of funds that can be used on it like for example AMM exchange which use the stake funds for liquidity and get profit on transaction fee. If the APY% they are offering is equivalent linearly to the profit being generated to whatever source of income to the project then there's high chance that this token will gonna be successful in long term regardless on what token they are rewarding. Make sure to DYOR about how the project will gonna work and if the idea is possible to generate in long term to distribute it for holders of tokens or Stakers.

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