Huobi Bitcoin | DeFi Mining | Bitcointalksearch.org

soulripper

full member

Activity: 381

Merit: 101

Quote from: rz20 on September 08, 2020, 12:44:50 AM

Liquidity mining is the cool new additions from the top exchanges first Binance did it and Huobi.

Quote from: odolvlobo on September 06, 2020, 11:01:41 PM

Quote from: bitcoinguy111 on September 06, 2020, 09:26:27 PM

What do you think about the whole DEFI / Staking situation?

The defi craze is a repeat of the ICO craze in 2017. It is impossible to determine which tokens are legitimate and which are not. It will end badly for most people.

Exactly!! I agree with you completely here. I was part of crypto during the ICO-era and the projects were popping left right and in the end, almost 98% of projects failed to success and many were scam projects too.

Me also there when this Icos projects are completely crazy back then. A lot of peoples cry over the scam projects that they follow. Many write in here that they use life saving and end up being scam or loss their money due to the hype. We should be aware that anything that offer very high profit might be not last to long or too good to be true.

rz20

legendary

Activity: 1330

Merit: 1001

Liquidity mining is the cool new additions from the top exchanges first Binance did it and Huobi.

Quote from: odolvlobo on September 06, 2020, 11:01:41 PM

Quote from: bitcoinguy111 on September 06, 2020, 09:26:27 PM

What do you think about the whole DEFI / Staking situation?

The defi craze is a repeat of the ICO craze in 2017. It is impossible to determine which tokens are legitimate and which are not. It will end badly for most people.

Exactly!! I agree with you completely here. I was part of crypto during the ICO-era and the projects were popping left right and in the end, almost 98% of projects failed to success and many were scam projects too.

bitcoinguy111

member

Activity: 72

Merit: 13

I just bought some YFI on Huobi.com and join the savings account for 8% easy peasy guys.

NO GAS fees best of all .

If you are using uniswap or anything else send me the $20 - and i will send you the token lol

Why pay all these crazy fees - insanity

TastyChillySauce00

legendary

Activity: 3010

Merit: 1028

Leading Crypto Sports Betting & Casino Platform

With the come of CEX farming and that brings more guarantee to the farmers to get the defi coins without the need to do a lot of effort or gambling through the defi coins itself. Binance has also implemented this idea and it's the first CEX farming yield. I think that more and more exchange site will be coming very soon to implement this idea too.

This way is much better than the DEX farming yield as it was getting guaranteed by exchange site.

electronicash

legendary

Activity: 3178

Merit: 1054

there are several projects doing exactly like this already, the price of this defi token will decline for its easy to acquire. but the one strategy to make users hold the houbi tokens for a long time. this is much like what other exchanges had been doing already. even tron has a project like this such as SUN mining. this as far as i know is the reason why TRX rally previously.

ryzaadit

legendary

Activity: 2660

Merit: 1261

IMO about this DeFi, DeFi and DeFi.

Still same, useless and not make a big change at all what's they offered always several percentage profit from the stake system. Nothing different with a few years ago when a hundred lending platform attacking cryptocurrency and exit scam all.

I'm not gonna put my money into DeFi.

kingzpro

member

Activity: 756

Merit: 13

DIFX - Digital Finacial Exchange

It has to be seen that what will be the returns and how it will work.
I was also reading the other day that binance is also introducing a centralized liquidity provider program which is like yield farming in uniswap but more details are awaited.
So looks like we need to compare these programs from these top 2 exchanges after lets say a few days or weeks.

jacafbiz

hero member

Activity: 2128

Merit: 530

PredX - AI-Powered Prediction Market

I have no issue with this, it is just an exchange looking to make head way with the DEFI hype. The issue I have is that people are jumping on this, just like what Binance is doing, you can't have it both ways,if you want Centralization stay with it, if you want Decentralized system stay with DEFI and not all these hybrid they are proposing.

kryptqnick

legendary

Activity: 3248

Merit: 1402

Join the world-leading crypto sportsbook NOW!

I've come across Defi, but never looked into it before this. I believe a video by Antonopoulos is a good way to learn a bit about them. Decentralization of power over money sounds good in theory, but it seems that it involves high risk in practice. I'm talking about SushiSwap whose founder cashed out the price fell. In general, I think I agree with odolvlobo that it's a new hype similar to that which used to be over ICOs. This means that some will profit, but many will lose. That being said, Huobi seems like a solid company, so the risks are probably low, but a $450 (at the current price and if I understood correctly) minimum to participate is huge, so I would not risk it. Not to mention that this way they encourage people who don't have their token to get a significant amount of it now.

bitcoinguy111

member

Activity: 72

Merit: 13

You must really like paying huge gas fees..

I am done paying huge fees to just get 400 to 1000 bucks of a token - its not worth it .

I trade on Huobi cuz its cheap - simple and easy - they have most of the DEFI tokens I want anyways.

zasad@

legendary

Activity: 1932

Merit: 4602

Buy on Amazon with Crypto

Defi is a fashion trend today.
Centralized exchanges have already begun to realize that decentralized trading exchanges are ready to compete and take a huge market share.
If you have free tokens, this will be an additional income.
But I'm not a supporter of staking on a centralized exchange

bitcoinguy111

member

Activity: 72

Merit: 13

Yield HT to get ACH token is starting in 4 hrs - very excited if you need a referral link send me a message other you can just go to Huobi.com

The best part of all is there is NO GAS FEES - been crazy ripped off paying HIGH fees for ETH transactions it sucks!

I am done with paying all these for no reason ....

rhomelmabini

hero member

Activity: 2030

Merit: 578

No God or Kings, only BITCOIN.

When bear market shows up we'll see who survives in this type of market of hype. Those APY can't be earned on Stocks nor ForEx. We'll see more and more crybabies here or on social crying out loud they got rekt because of this DeFi thing. There will projects that remain but I think a little percentage of it I suppose.

Quote from: odolvlobo on September 06, 2020, 11:01:41 PM

The defi craze is a repeat of the ICO craze in 2017. It is impossible to determine which tokens are legitimate and which are not. It will end badly for most people.

I'd say moonbois gonna get rekt.

Naitik

member

Activity: 714

Merit: 11

Like a really good initiative By Huobi.
I love to do because the condition is only 100 HT.

bitcoinguy111

member

Activity: 72

Merit: 13

DeFi is about returns

But Huobi has a actual use case with Huobi Token so its actually a pretty good setup for this one

I agree sushi and other may be a scheme for top makers but this is a good deal imo.

SquirrelJulietGarden

hero member

Activity: 1442

Merit: 775

Quote from: Coin_trader on September 06, 2020, 09:34:27 PM

Defi staking is good, the only is how the way some project abused it by giving a crazy APY% like Sushi and AMPL Geyser and many more. This kind of over APY% is already a ponzi scheme. Yes you might get a high return on staking but the problem is the value of token itself. Due to many tokens added on supply from mining, the price of token dump tremendously and the interest you get on staking is not sufficient to cover losses.

But overall the idea of DeFi staking is good. The only problem was some project is abusing it just to create a short term hype on there project.

Define the (scam) DeFi.

"Too good to be true" so it is not good actually. Only the early investors in DeFi and wise investors who invest in early days and have plan to cash out when price is high can get profits. They have clear plans to cash out and don't hesitate to wait for higher price to cash out.

The temp promised too high profits from farm/ yield DeFi tokens is the same as stake & masternode coins in the past. It did not last long. Believe me, you will see the price of DeFi tokens when they are active traded fall to lower and lower.

In stake, farm, yield, the rate of reward is important. You can check the advertisement on x10 rewards for early investors of SUSHI. It is a shitshow! Developer moved their tokens and dumped it is a terrible story. It is what we see but we don't know that developer buy some more tokens and farm in early blocks and cash out from anonymous address. We don't know and it is not strange if they do that.

Today, the block reward is still x10. Be cautious!

Quote from: https://sushiswap.org/

New rewards per block 1000 SUSHI

Quote from: https://medium.com/sushiswap/the-sushiswap-project-c4049ea9941e

However, For the first 100000 blocks (~2 weeks), the amount of SUSHI tokens produced will be 10x, resulting in 1000 SUSHI tokens being minted per block. This is to incentivize early farmers and adopters of the protocol and to help in The Liquidity Migration™️.

https://coinpedia.org/news/sushi-dumped-still-a-good-gain-option/

bitcoinguy111

member

Activity: 72

Merit: 13

Staking Huobi Token is very stable - you get free DEFI tokens for doing nothing - VERY VERY VERY low risk

It starts at 4pm so all you need is 100 HT or 1000 HPT .

Huobi Token has been stable around 4 to 5 USD .

▶️
https://support.hbfile.net/hc/en-us/articles/900002483406

odolvlobo

legendary

Activity: 4466

Merit: 3391

Quote from: bitcoinguy111 on September 06, 2020, 09:26:27 PM

What do you think about the whole DEFI / Staking situation?

The defi craze is a repeat of the ICO craze in 2017. It is impossible to determine which tokens are legitimate and which are not. It will end badly for most people.

n7788

full member

Activity: 148

Merit: 100

Community Manager - Sri Lanka

An interesting idea I would stake HT for DEFI tokens kinda reminds me of mining bitcoins but very much easier without any equipment.

bitcoinguy111

member

Activity: 72

Merit: 13

Agree this Huobi Token thing looks good and Huobi Token is pretty stable - IMO very low risk.

They are launching it today - if anyone wants to join I have a referral link - let me know.

Coin_trader

copper member

Activity: 2800

Merit: 1179

Leading Crypto Sports Betting & Casino Platform

Defi staking is good, the only is how the way some project abused it by giving a crazy APY% like Sushi and AMPL Geyser and many more. This kind of over APY% is already a ponzi scheme. Yes you might get a high return on staking but the problem is the value of token itself. Due to many tokens added on supply from mining, the price of token dump tremendously and the interest you get on staking is not sufficient to cover losses.

But overall the idea of DeFi staking is good. The only problem was some project is abusing it just to create a short term hype on there project.

bitcoinguy111

member

Activity: 72

Merit: 13

I know when you mine Bitcoin you get a fraction of a bitcoin curious what everything thinks of this new development:

Huobi Launches DeFi Mining Campaign Staking Huobi Token / HPT To Share the Reward of Mining.

You stake HT then get Hot Defi tokens and you only need like 100 HT to participate interesting ideas.

Here is the full details if you want to take a look:

https://support.hbfile.net/hc/en-us/articles/900002483406

What do you think about the whole DEFI / Staking situation?

Topic: Huobi Bitcoin | DeFi Mining (Read 271 times)