Interest Rate Change
Beginning March 1, 2023, the monthly deposit interest rate will be reduced from 1.25% to 1% (for new deposits).
Topic: Passive income of 15% per annum in USDT and USDC (Read 504 times)
Raising funds for start a new investment cycle.
As soon as $50,000 has been collected in the fund's account, a new investment cycle will be launched.
As soon as $50,000 has been collected in the fund's account, a new investment cycle will be launched.
Withdrawals are open for 24 hours.
We will be closing withdrawals on 01/27/2023 at 13:45am (UTC).
Don't miss the opportunity to invest your USDC for 1 month to earn 1.25% of your deposit before the start of a new investment cycle.
We will be closing withdrawals on 01/27/2023 at 13:45am (UTC).
Don't miss the opportunity to invest your USDC for 1 month to earn 1.25% of your deposit before the start of a new investment cycle.
Withdrawals are open for 24 hours.
We will be closing withdrawals on 12/26/2022 at 13:05am (UTC).
Don't miss the opportunity to invest your USDC for 1 month to earn 1.25% of your deposit before the start of a new investment cycle.
We will be closing withdrawals on 12/26/2022 at 13:05am (UTC).
Don't miss the opportunity to invest your USDC for 1 month to earn 1.25% of your deposit before the start of a new investment cycle.
DAOs have grown so rapidly and the market's total value locked for DAOs ($47.67 billion) is now higher than DeFi's ($41.43 billion) 🔥
To dive deeper, view the complete article here (https://hackernoon.com/daos-vs-defi-decentralized-building-blocks)
CryptoInvestDAO is based on XDAO 😉
To dive deeper, view the complete article here (https://hackernoon.com/daos-vs-defi-decentralized-building-blocks)
CryptoInvestDAO is based on XDAO 😉
A DAO where it only involved three accounts which could take control is not a "DAO" at all, instead, it is centralized. It has no benefit to security as stated on the website. The people behind those accounts is even unknown, what if the same person owns those 3 accounts?
Just to reiterate the pinned announcement message on this forum, this count as a yield platform, so beware.
Just to reiterate the pinned announcement message on this forum, this count as a yield platform, so beware.
Quote from: https://bitcointalksearch.org/topic/reminder-do-not-keep-your-money-in-online-accounts-5421039
When you log into an exchange, yield platform, or other site, and it says that you have a balance of "1 BTC" or "1 USD", this does not actually mean that you have 1 BTC or 1 USD. Rather, it means that the company showing you this balance owes you that money. In other words, you've given a loan to the company. Maybe the company will pay you back, but history is littered with defunct companies which accepted deposits and were widely trusted for years, but which ended up not paying back their depositors in the end.
~
Also, note that many altcoins, tokens, and DeFi projects are either fundamentally centralized and therefore about as risky as online wallets, or they are still potentially vulnerable to the recent wave of insolvencies due to the way that they're designed.
~
Also, note that many altcoins, tokens, and DeFi projects are either fundamentally centralized and therefore about as risky as online wallets, or they are still potentially vulnerable to the recent wave of insolvencies due to the way that they're designed.
We discussed the issue of trust in another thread https://bitcointalksearch.org/topic/trust-in-the-cryptoworld-kyc-for-project-owners-5418959
We are working on partnership agreements with several well-known companies.
At the moment, our priority is to get the status of "Verified Provider" on the site stakingrewards.com
If you closely follow the news from the world of DeFi, then you know very well that any protocol can stop working at any time.
Cooperation with us has the same risks as interaction with any other DeFi protocol and we honestly write about on our website.
If you want to hear my personal opinion, then the risk of cooperation with us is even lower, because we work with exchanges whose security level is the same or even higher than that of the Binance exchange.
There's not much time left before the first investment cycle starts!
We will be closing deposits on 11/25/2022 at 11:11am (UTC).
Don't miss the opportunity to invest your USDC for 1 month to get 1.5% return on your deposit.
P.S. The fund has already raised over $5,000
A DAO where it only involved three accounts which could take control is not a "DAO" at all, instead, it is centralized. It has no benefit to security as stated on the website. The people behind those accounts is even unknown, what if the same person owns those 3 accounts?
Just to reiterate the pinned announcement message on this forum, this count as a yield platform, so beware.
Just to reiterate the pinned announcement message on this forum, this count as a yield platform, so beware.
Quote from: https://bitcointalksearch.org/topic/reminder-do-not-keep-your-money-in-online-accounts-5421039
When you log into an exchange, yield platform, or other site, and it says that you have a balance of "1 BTC" or "1 USD", this does not actually mean that you have 1 BTC or 1 USD. Rather, it means that the company showing you this balance owes you that money. In other words, you've given a loan to the company. Maybe the company will pay you back, but history is littered with defunct companies which accepted deposits and were widely trusted for years, but which ended up not paying back their depositors in the end.
~
Also, note that many altcoins, tokens, and DeFi projects are either fundamentally centralized and therefore about as risky as online wallets, or they are still potentially vulnerable to the recent wave of insolvencies due to the way that they're designed.
~
Also, note that many altcoins, tokens, and DeFi projects are either fundamentally centralized and therefore about as risky as online wallets, or they are still potentially vulnerable to the recent wave of insolvencies due to the way that they're designed.
We just published "CryptoInvestDAO origin story" https://medium.com/@cryptoinvestdao/cryptoinvestdao-origin-story-a3c7cd392360
Launch of the first investment cycle 🔥
To celebrate the launch of the first investment cycle on 11/25/2022 at 11:11am (UTC), we are increasing the return to 1.5% in USDC for the first month.
The cycle will be launched regardless of the amount of funds raised to show our potential investors and partners how the fund works.
We've updated our website with a mini-guide on depositing and withdrawing funds. Now investors do not have to study the documentation on XDAO beforehand.
P.S. Let us tell you a secret, we are preparing several partnership agreements 🤝. We really hope to get excited with you before the first investment cycle launches.
P.P.S. Just in case, let us inform 😁 that fundraising for the first investment cycle will be suspended when the amount of $1M is reached.
To celebrate the launch of the first investment cycle on 11/25/2022 at 11:11am (UTC), we are increasing the return to 1.5% in USDC for the first month.
The cycle will be launched regardless of the amount of funds raised to show our potential investors and partners how the fund works.
We've updated our website with a mini-guide on depositing and withdrawing funds. Now investors do not have to study the documentation on XDAO beforehand.
P.S. Let us tell you a secret, we are preparing several partnership agreements 🤝. We really hope to get excited with you before the first investment cycle launches.
P.P.S. Just in case, let us inform 😁 that fundraising for the first investment cycle will be suspended when the amount of $1M is reached.
Cryptocurrency investment fund CryptoInvestDAO is open!
Passive income of 1.25% per month (over 16% APY) in USDC, USDT, ETH.
Subscribe to our social networks to keep up with the latest news.
Telegram Channel: https://t.me/CryptoInvestDAO
Telegram group: https://t.me/CryptoInvestDAO_chat
Twitter: https://twitter.com/CryptoInvDAO
Detailed information about the work of the fund on the website https://CryptoInvestDAO.com
Passive income of 1.25% per month (over 16% APY) in USDC, USDT, ETH.
Subscribe to our social networks to keep up with the latest news.
Telegram Channel: https://t.me/CryptoInvestDAO
Telegram group: https://t.me/CryptoInvestDAO_chat
Twitter: https://twitter.com/CryptoInvDAO
Detailed information about the work of the fund on the website https://CryptoInvestDAO.com
What sites do you usually search for passive income options on?
I just google most of them at all times. I understand some basic concepts of earning and can determine if it's doable and not.A lot of passive incomes has a lot in common and the logic of earning high passively will have that idea of the larger the capital or deposit you'll make, the larger income you'll get passively.
And that's what the scammers are also giving the thought to everyone because they're taking advantage of it and ticks the greediness of many investors.
Thank you all for your questions and suggestions!
We will include some of the questions in our FAQ, so thank you once again!
In the near future we will announce the launch of the cryptocurrency fund.
What sites do you usually search for passive income options on?
What aggregators do you find this information on?
We will include some of the questions in our FAQ, so thank you once again!
In the near future we will announce the launch of the cryptocurrency fund.
What sites do you usually search for passive income options on?
What aggregators do you find this information on?
Smells fishy for a so-called legit crypto bank offering 15% per annum interest using stablecoins. It seems like a Ponzi scheme trying to prolong the period of survival in the hope of reaching the next halving and earning huge profit out of it. But they can easily close the company and declare bankruptcy. It is better if you should just buy your own preferred coins and then hold them yourself.
The biggest per annum interest rate I can see at the moment from a registered bank is around 4%. And this is insured at a limit of around $10,000.
The biggest per annum interest rate I can see at the moment from a registered bank is around 4%. And this is insured at a limit of around $10,000.
There is an idea and opportunity for realization of cryptocurrency bank, which will allow investors to receive 15% per annum in USDT and USDC.
For a deposit of 1 month, the investor will receive 1.25% of the deposit amount (taking into account compound interest, we obtain more than 16% per annum, if you reinvest the profits).
I want to understand how interesting it is? Perhaps there are better suggestions?
I would be grateful for any thoughts, ideas and questions to better evaluate the idea.
For a deposit of 1 month, the investor will receive 1.25% of the deposit amount (taking into account compound interest, we obtain more than 16% per annum, if you reinvest the profits).
I want to understand how interesting it is? Perhaps there are better suggestions?
I would be grateful for any thoughts, ideas and questions to better evaluate the idea.
Its quite intriguing to see how big there offer to their depositor but anything offer beyond to what we expect is bit shady since somehow there are scammers use this as bait so that they can scam their prospects. So you need to be more careful upon participating on that since I would rather trust binance because they are much trusted compare to any random site who offers the same like and yet they don't have any reputation which we can rely on.
If we are gonna talk about such high return on stablecoins then its a long way debate. Most users are also after some pretty high gains. But we shouldnt fall on this. I am once fool on that and majority of crypto users. Im talking about ust staking. Well the percentage is pretty good and has decent profit from it but due to such feature or backed system it go down just like that. Many have suffered huge loss so think uf something easy to gain can ne achieved easily.
My thought regarding this particular passive income/staking from centralized coin is the risk. The risk is really high than invest in Bitcoin because you don't know how trustworthy is USDT and USDC, there's a news if the CEO can freeze their coins on your own wallet. Another thing is how trustworthy the pool or centralized party you want to put your coins into. If the pool or centralized party have bad security, there's a chance can be hacked.
While if you invest in Bitcoin you will have almost 100% security and the income high likely higher than 15% APY when you hold for at least 4 years.
While if you invest in Bitcoin you will have almost 100% security and the income high likely higher than 15% APY when you hold for at least 4 years.
There is an idea and opportunity for realization of cryptocurrency bank, which will allow investors to receive 15% per annum in USDT and USDC.
For a deposit of 1 month, the investor will receive 1.25% of the deposit amount (taking into account compound interest, we obtain more than 16% per annum, if you reinvest the profits).
I want to understand how interesting it is? Perhaps there are better suggestions?
I would be grateful for any thoughts, ideas and questions to better evaluate the idea.
First ever thought is it can't be real, no platform can simply give 15% interest for all the deposits either they may assist with the loss or the value will be at 8 to 10% to cover up when their market is in loss.For a deposit of 1 month, the investor will receive 1.25% of the deposit amount (taking into account compound interest, we obtain more than 16% per annum, if you reinvest the profits).
I want to understand how interesting it is? Perhaps there are better suggestions?
I would be grateful for any thoughts, ideas and questions to better evaluate the idea.
I won't trust the website who is saying they guarantee the return unless they prove it for a while l.
If you see a 15% annual profits for your deposits of stable coins, that would be the highest that I've seen.
Because binance offers 8% and with a cap of only $2k deposit while for the others, it's like 10% and maybe 12% was the highest that I've seen.
And that's why if there's a 15%, it's doable but I guess that they'll have to drop down that interest soon when they've got a lot of depositors already.
What platform is this?
The bank will operate as a DAO, initially deposits will be only for 1 month. Before each new cycle, the yield for the month will be indicated. At the moment it is 1.25%. We cannot guarantee that the same percentage will be in a year. The market always dictates the conditions, our task is to remain interesting to investors.Because binance offers 8% and with a cap of only $2k deposit while for the others, it's like 10% and maybe 12% was the highest that I've seen.
And that's why if there's a 15%, it's doable but I guess that they'll have to drop down that interest soon when they've got a lot of depositors already.
What platform is this?
What's this bank? So by that title, it means that they're registered locally and have their operations certified by the government. Looks promising then if the bank will run as a DAO and also, registered and licensed.
Cryptobank is a working name for marketing purposes, to make it easier to get the idea across to people. I know that it is forbidden to use the word "bank" in the name of the organization without an appropriate license. At the moment we are not going to get a banking license. There are more questions than answers with the DAO licensing so far. As far as I know, DeFi is not currently regulated. Of all the DeFi protocols, only AAVE recently received an e-money issuer license, and they applied for that license back in 2018
our task is to remain interesting to investors.
You mean, interesting to investors in a ridiculous way? There are only 2 possibilities of promising high returns just to attract more incoming funds, they speed up bankruptcy or slowly scam you like ponzi way in general. You have to analyze the fairness of the returns as well, don't just be blindly attracted to high numbers.
our task is to remain interesting to investors.
You mean, interesting to investors in a ridiculous way? There are only 2 possibilities of promising high returns just to attract more incoming funds, they speed up bankruptcy or slowly scam you like ponzi way in general. You have to analyze the fairness of the returns as well, don't just be blindly attracted to high numbers.
Agreed, remaining interesting to investors while not explaining the underlying scheme seems like an outright ponzi. And incorporating "DAO" isn't give it any better, remember when Solana's DeFi platform DAOs' are agreed to do a hostile take over of someone's account.
The recent bear market gives some centralized cryptocurrencies platform catastrophe until they get bankrupt. Making a new one under the disguise of DAO in the current market condition should be done with thoughtfulness not by solely finding a way to remain appealing to investors in whatever promotion or scheme that it would offer.
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