Earn BNB by holding a token. - page 3.

michellee

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Quote from: Ayub83 on July 09, 2021, 08:03:30 AM

I've been following a few Telegram conversations recently and I've seen a new project type that involves people hanging on to their tokens or coins and then passively earning BNB or another coin. Of course, this might be a wonderful marketing effort to get people to buy the primary token being promoted...after all, who wouldn't want to have passive income?

But, of course, we are always skeptical...do you believe that a programme like this can truly succeed and last? Or is this just another avalanche of meme token metamorphosis?

If you really want to earn passive income, you can use Binance and hold some BNB to earn tokens because that is how you can have more new coins listed on Binance. You can stay away from the scammer from telegram because we know that telegram has many fake programs, including investment programs.

By holding BNB in Binance, you can also earn a reward in BNB, so you will have a chance to increase your BNB amount. The investment program will always attract attention from people because they want to invest in the right program. But unfortunately, they did not search for what is right instead just follow what other people suggest.

Coin-1

legendary

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Quote from: Ayub83 on July 09, 2021, 08:03:30 AM

But, of course, we are always skeptical...do you believe that a programme like this can truly succeed and last? Or is this just another avalanche of meme token metamorphosis?

Telegram is full of scams in my opinion, so those offering you a large APY will probably want to take your precious BNB coins and give you worthless BEP20 tokens that will eventually be dumped to zero, abandoned and forgotten. To be honest, this type of investment could be an ordinary Ponzi or MLM scheme. They will attract new investors and pay you BNB, but one day they will disappear with all the coins raised.

I advice you to only lend BNB coins on trusted platforms like Binance or BlockFi. You can also delegate your BNB coins to one of BSC validators of your choice.

clarkt

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Activity: 658

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If a token success or future projections is based on another altcoin, you should know that you stand a chance of your investment been diluted or wiped out as soon as the based altcoin is dipped or something else happened negatively to that based altcoin. Sound idea and solid contribution or proposal or idea is enough to make new project successful!

Jaered

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Some actually do pay up with the BNB as a reward of hodling their coin or token. But be careful, rugs are real. DYOR

J1mb0

hero member

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There are better ways to earn BNB than investing in such coins, most of them will depreciate more than the amount of BNB you get and you will experience losses.

DOH!

full member

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Quote from: Ayub83 on July 09, 2021, 08:03:30 AM

I've been following a few Telegram conversations recently and I've seen a new project type that involves people hanging on to their tokens or coins and then passively earning BNB or another coin. Of course, this might be a wonderful marketing effort to get people to buy the primary token being promoted...after all, who wouldn't want to have passive income?

But, of course, we are always skeptical...do you believe that a programme like this can truly succeed and last? Or is this just another avalanche of meme token metamorphosis?

I think you mean SafeHaven. They offer passive income from holding their tokens and a 3-day BNB harvest cycle. Of course, these are brand new coins. The issue is how compatible their circulating supply/emission rates will be, inflation is also taken into account. Success should be assessed over time. Doubt is a loss if it can't do a better job of pulling the carpet.

reza7777

sr. member

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I think that this method will not last long because the more people who buy tokens, the more money the project will spend, better the money is for development

devil2man

member

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I don't know I personally don't trust all the other solutions / defi the only two trusted solutions are binance (where you need at least 0.5 bnb for the stake) and their official mobile wallet, i.e. trust wallet where the minimum for the stake is 1 bnb

SeaSoul

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Activity: 728

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Quote from: casperBGD on July 10, 2021, 03:06:43 PM

Quote from: haidil on July 10, 2021, 02:20:47 PM

if you mean the token that is currently booming and moreover there is another pump in the new token I don't think you need to follow it because everyone already knows what the end of this token will be. but if you want to try go ahead

and I also suggest that if you want to earn passively choose one that is really trustworthy, don't be a fomo and you have to do your own research so you are sure

rug pull is always a possibility, do not think that some project is secure just because there is a hype around it
it is always a good practice to take your profits out, for next investment, and leave something for passive income, as a moon bag, because you never know what will actually play-out with the project
do not take this as advise, and always do your own research before investment

Rug pulls have been around forever in this industry, but it seems as if they become more popular currently again. It might be due to the fact that crypto has more publicity again and more newbies are joining the space. So some scammers try out one scam project and see if it's profitable, and if it is they launch one after another. It's the absolute worst in the space.

casperBGD

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Quote from: haidil on July 10, 2021, 02:20:47 PM

if you mean the token that is currently booming and moreover there is another pump in the new token I don't think you need to follow it because everyone already knows what the end of this token will be. but if you want to try go ahead

and I also suggest that if you want to earn passively choose one that is really trustworthy, don't be a fomo and you have to do your own research so you are sure

rug pull is always a possibility, do not think that some project is secure just because there is a hype around it
it is always a good practice to take your profits out, for next investment, and leave something for passive income, as a moon bag, because you never know what will actually play-out with the project
do not take this as advise, and always do your own research before investment

haidil

sr. member

Activity: 784

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if you mean the token that is currently booming and moreover there is another pump in the new token I don't think you need to follow it because everyone already knows what the end of this token will be. but if you want to try go ahead

and I also suggest that if you want to earn passively choose one that is really trustworthy, don't be a fomo and you have to do your own research so you are sure

dbc23

sr. member

Activity: 1036

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So many tokens on telegram creates this opportunity for their investors most engage their followers on bounty programs either rewarding them with a token or a more valuable coin I think this is a strategy to circulate their tokens

19Nov16

sr. member

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Quote from: Ayub83 on July 09, 2021, 08:03:30 AM

I've been following a few Telegram conversations recently and I've seen a new project type that involves people hanging on to their tokens or coins and then passively earning BNB or another coin. Of course, this might be a wonderful marketing effort to get people to buy the primary token being promoted...after all, who wouldn't want to have passive income?

But, of course, we are always skeptical...do you believe that a programme like this can truly succeed and last? Or is this just another avalanche of meme token metamorphosis?

I also often find offers like this, but this is hard to believe, they really need BNB, and there is no way they will give BNB because of simple hodl things, and better we leave this program.

Review Master

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If those type of projects are returning higher apy than it won't be sustainable for long term. On the other hands, few defi projects or AMM/DEX are already doing that type of reward distribution in WBNB which is earned through the transection fees from the users of that platfotm. TBH, i participated in those projects to get WBNB while hodling their native tokens, but apy is lower than usual. So, go for those platforms which is providing reward with lower apy or having a source for those rewards and avoid other shit projects which are just creating hype/fomo so that they can rug pull in future.

Slash61

member

Activity: 633

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Quote from: Malam90 on July 10, 2021, 09:43:23 AM

I also think so. Most of the projects, DEXs offer staking rewards paid with their coins/tokens except few ones.

some provide USDT and indeed most pay for their own tokens or coins.
if the reward is BNB, it should be integrated with binance. like ApeSwap or maybe exchanges that have officially partnered with binance like TKO and WRX.

Malam90

full member

Activity: 1099

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Quote from: pakhitheboss on July 09, 2021, 10:47:23 AM

If you want to earn BNB then HODL BNB on Binance and you will earn BNB. You can also do the same on the trust wallet, they have a far better APY than Binance but you need to HODL a minimum of 0.5 BNB.

OP can earn BNB rewards from Binance staking. Binance offers BNB staking facilities for users although rate is low but it's safe i think. Any new project that wants to offer BNB rewards, should investigate first otherwise new users may fall in the victim of SCAM.

Quote from: Ayub83 on July 09, 2021, 08:03:30 AM

If the reward token is BNB, then unless staking is sponsored by binance, it's most probably a scam.
Usually projects reward staking with their own token, not others like BNB

I also think so. Most of the projects, DEXs offer staking rewards paid with their coins/tokens except few ones.

aioc

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Quote from: Meta anggraini on July 09, 2021, 06:49:12 PM

Isnt it reward for providing liquidity on DEX? So every transaction on dex, some of fee will be devided among the stakers. Its like how fee on CEX work, but its spreaded among the stakers.
For me its a good thing, so instead we make CEX owner richer, we maintain us as community to have healthier space.

One of the things that you have to watch out on decentralized exchange is fake projects that are imitating real projects, always look at the smart contract and see to it that you are trading on the right contract, of course, liquidity is another important factor do diligent research on the project you are investing, there's a lot of projects doing rug pulls leaving investors losing their money.

terciduk123

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Better to avoid tokens that offer such thing, hold their tokens and earn BNB, earning BNB is a desirable thing as BNB tokens are very popular nowadays.
Maybe you will get BNB but the amount is not much and the tokens you hold can fall at any time, then you will lose even though you get BNB.
In the past I've been stuck in projects like this, if you know the Bankera project. in the past this project took a lot of victims, including me, LOL
Hold Bankera tokens earn ETH. Now their tokens are ashes and holders don't get ETH.

aylabadia05

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Activity: 1540

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Quote from: Ayub83 on July 09, 2021, 08:03:30 AM

I've been following a few Telegram conversations recently and I've seen a new project type that involves people hanging on to their tokens or coins and then passively earning BNB or another coin. Of course, this might be a wonderful marketing effort to get people to buy the primary token being promoted...after all, who wouldn't want to have passive income?

But, of course, we are always skeptical...do you believe that a programme like this can truly succeed and last? Or is this just another avalanche of meme token metamorphosis?

Not for long. I see projects like that often and they usually end in a short time. If you often interact in the trading world, I'm sure you will choose a coin that already exists and has been proven to last, even though prices are always changing.

maxreish

sr. member

Activity: 1330

Merit: 326

It's a promotional like buy one take one. Though what Ive seen before was buying their token and then acquiring another token but those tokens were not that familiar and they are just doing it to encourage investors buy such new coins that has ubsure potentials.

Though BNB is a great catch but how much will we received BNB in exchange with their buying their coins? Weigh all the values and price , if you think you will hit two birds with one stone then buying a coin with free BNB is a good catch.

Topic: Earn BNB by holding a token. - page 3. (Read 636 times)