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gilbert33
Fountain Valley, OC, CA
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since Feb 7 2012

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Staking crypto and earning 1% to 2% a day
Apr 5 2022 08:01PM more by gilbert33
Tags: Orange County, Current Events (All tags)

I have been doing some research on this. Yes people are doing this but it is a ponzi type investment with a purpose. the research i have done shows that you earn the crypto coin that is be created by the developers for which you are staking/loaning another crypto like a stable coin, BITor ETH. the ""money"" goes into a treasury that pays you the coin being developed /created. When the coin gets onto the market place then value or you earned coin can skyrocket like Shib. That coin may be used for games or NFT's or another in the future increasing its value.

My question is has anyone done this with success? Can you please guide me to a ""legitimate"" site to do this at? Thanks.
      
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stone247
CA
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since Aug 19 2008

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Apr 5 2022 09:01PM     link to this

Dude that's nothing. BabySwap has Staking Pools giving way more than that. I learned myself how to do this. Don't trust no one in Crypto. Learn it yourself. Start by visiting CoinGeicko.com and immerse yourself. Currently on a Farming Liquidity Pool its over 500% APR with DUST-USDT and earning BabySwap Coins. Lets see if my example of a Pool attaches correctly.
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stone247
CA
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since Aug 19 2008

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Apr 5 2022 09:08PM     link to this

I'm also on the Drip Network earning 1% APY Daily for 365 days. You can also reinvest those earnings daily (hydrating) to get more gains. As always be careful because if the coin crashes, you could lose it all.
gilbert33
Fountain Valley, OC, CA
84 blogs/859 comments
since Feb 7 2012

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Apr 5 2022 09:48PM     link to this

@stone247. Have you been able to takeout coins and convert to dollars or stable coins? What is the aprroximate gas, taxes or fees you paid through the whole process.
stone247
CA
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since Aug 19 2008

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Apr 5 2022 10:50PM     link to this

I'm only on the Binance Smart Chain DEX projects. The Ethereum based projects cost way more in gas fees, and not worth it currently if you investing in small bags. So to convert back to dollars I would need to swap out the tokens for usually BNB Coin, put back in my Binance or Metamask Wallet then transfer them to CEX like Coinbase or CDC and convert to Fiat, then withdraw to your Bank Account. Paying gas and regular fees along the way.

Gas fees are way lower like $3-$4 compared to GWEI which can be like $26 and up. Honestly my math sucks exactly how much gas fees are on Binance Smart Chain, but they are waaaay cheaper. I will learn it eventually.
gilbert33
Fountain Valley, OC, CA
84 blogs/859 comments
since Feb 7 2012

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Apr 5 2022 10:58PM     link to this

^ Thanks. the first wallet i got was a coinbase and i wanted to try it out. The fees in my opinion are stupidly high. Got a metamask. Still learning . Coingecko is awesome. Thanks.
stone247
CA
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since Aug 19 2008

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Apr 5 2022 11:08PM     link to this

You're welcome. Don't forget once you like a project to also visit Reddit, Twitter, Telegram, Discord, YouTube video tutorials and Google. Lot of work, but less chance of getting rug pulled or scammed. Also do not click on links and give away your password seed phrases these fucking scammers will drain your wallet. Good luck and I hope you BANK!
sherkahn
Diamond Bar, SGV, LA, CA
Pomona, Inland Empire, CA Today!
1113 blogs/5529 comments
since Apr 27 2008

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Apr 13 2022 10:06AM     link to this

Thanks for coingeko!
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