Still into high APY projects? - page 3.

avikz

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Quote from: S3300 on August 26, 2022, 03:23:08 AM

What's the end of those high APY projects with 99,000% returns? The likes of Helena and others? I haven't heard about them in a while, the last time I checked they have no volume on exchanges anymore..

High APY projects should be dead for the betterment of crypto economies. I have always avoided such projects because they are mostly run bu ex-hyip admins. After the demise of MMG forum couple of years back, ex-hyip admins were looking for new takers for their nonsenses. As a result, they had included some kind crypto related touch to it. But people are stupid so they again fallen for those!

One thing you need to understand, money was never free and it will never be! Focus on biggest cryptos. Smaller non-sense projects can be completely ignored!

cryptoaddictchie

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Quote from: S3300 on August 26, 2022, 03:23:08 AM

What's the end of those high APY projects with 99,000% returns? The likes of Helena and others? I haven't heard about them in a while, the last time I checked they have no volume on exchanges anymore..

Its high because theres still a lot of room for staking or farming. A pool usually gives out small profits due to lowering APY and thats due to massive staking by users. But I am bit impressed with such project retaining their high figure percentage just like evmos. Its really give you a lot of return but I do hope it will take time before it got lower and slower.

Some projects attain already a matured staking and resulted to little to almost no reward even staking huge quantity.

PrivacyG

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Honestly, did these projects ever have any legitimate future? You can not have such a currency survive simply due to extreme inflation and no actual planning of anything besides hype and pump & dumps.

People will get right back into it when the next bull run comes by. I wish they would not though, simply due to the impossibility of sustaining these kind of projects.

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PrivacyG

Javi_Anibarro

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High APY projects have high returns I think it is still liked by many people today. even some of these newly emerging projects with the latest high APY. but so far none of them can be a sustainable DeFi. how are they when they know that this is very risky but only insist on profit.

The high APY project is just a pyramid scheme, that is the fact prove me wrong if you do not think so.
Their model is to absorb as much as money they can to create hype and get their initial back + profit from running the project. I have been in many chains BSC, OKT, KCC, Dogechain, etc. And all of them were doing the exact thing, creating A project and then dump. Afterward, they create another project with a different name.
The cycle is just like that, they are exploiting peoples' greed to make money and it worked.

malcovi2

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Ofc, the money printer stops printing when people stop putting money into it. We all knew that it was a big ponzi scheme and the devs isn't using the money to develop the scheme into a legitimate money making product.
Even Olympus isn't recovering the price is almost stagnant and they don't even use the funds to buy-back in order to slowly build back trust from its community.

cytpoway121

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Quote from: S3300 on August 26, 2022, 03:23:08 AM

What's the end of those high APY projects with 99,000% returns? The likes of Helena and others? I haven't heard about them in a while, the last time I checked they have no volume on exchanges anymore..

Staking platforms with very apy % returns is not a sustainable means of investments (atleast to me). Why do i say this? staking itself leads to more tokens in circulation; thereby causing inflation on the long term which leads token to dump mercilessly on the market.

Now if you have a very high apy, it means more tokens will be released into circulation even more quickly which will inadvently cause more selling pressure from investors or stake farmers, as an investor; you need a strategic module to scale through the staking process in profits

bittick

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Quote from: S3300 on August 26, 2022, 03:23:08 AM

What's the end of those high APY projects with 99,000% returns? The likes of Helena and others? I haven't heard about them in a while, the last time I checked they have no volume on exchanges anymore..

The main issue must be such very high APY will give big inflation. I will personally said that if the most risky investment for now. If you can't get out once it was getting listed and then it will be going down slowly but bottom may be reached very soon.
You must see how inflation has been ruining the price for helena token. It's like a pump and dump token with no utility on it.

o48o

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It all depends on the project, certain tokenomics are just a part of it. It's like saying "What's the end of those PoS, or trx20 / bep20 / TRC20 / Dex / projects. It's a wide umbrella that covers a lot of projects that vary in quality.

S3300

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What's the end of those high APY projects with 99,000% returns? The likes of Helena and others? I haven't heard about them in a while, the last time I checked they have no volume on exchanges anymore..

Topic: Still into high APY projects? - page 3. (Read 354 times)