Why not just add to your drip bag, one of these could go bust and Drip has shown some longevity.
Which eco system is this on? I may be interested.
So say if you put in a K, you can earn 10.00 a day which would equal to 36k in a year if all goes well with the project?
I only have messed with ETH defi which I hate and mainly BSC.
I feel like building up my Drip up more I only have a 100 but I've been hydrating and using it to DCA into other projects.
As always thank you for putting us on new projects and the information you post is highly appreciated.
yeah i feel you on that. bloomify is on avax chain, and of course drip is on bnb. I didn't add any outside money to bloomify. this was first $100 i had in usdc.e, then another $300 in MIM, and then I had a LP on pangolin worth like 1200 of WAVAX and USDT.e and I withdrew that and swapped the USDT.e, still have the avax in my wallet. Was coins already in my wallet and I barely even opened the avax chain. I had to add it here on my laptop cuz I didn't even have it on MM, just on the pc. Barely use it like eth chain or bn with drip. I would've never done anything with that money especially on a stable like usdc or that LP with usdt. In fact MIM is a stable coin also. So that was money sitting there doing nothing. The possibility to bridge it over to bnb was there but who knows at what cost with fees and all that. Plus the option to diversify was always tempting. Not every project will be successful, but better to try with 5 and fail with 1, then to try with 1 and that be the failed one. Of course I'm definitely hopeful on drip. I want to keep compounding and stacking and then eventually get into the animal farm and build a small stack there. And use avarice as well to stack up some bnb so I can do that. Have those 3 working together. But it takes a whole team to have the machine running. The more employees I have, the easier things are. I see it as running a company and these are all my employees. Some are good at their job and need no supervision, others need some help, but all play an important role. I have established myself a system to stay consistent, which is what it's all about. Like bloomify I compound daily, only been in it like 10 days so still early. Drip it depends, and I also claim once a week at least. But with cosmos I have a whole schedule. My Evmos coins, that has it's own chain on MM, I compound daily cuz it's high apr. But then atom, osmo, and juno I claim staking rewards every Monday and pay myself out thru CB. And other coins in the ecosystem I compound some every Thursday and some Mondays and Thursdays to grow those stacks as well. With volatility happening, I'd rather have coins A, B, C, and D giving me $25 a day instead of needing just coin A to give me $100. That way if one of them dips, I still have the others to pick up the slack. And of course with ones like drip, the more you compound the more coins you make per day, so like 5 a day at a $9 price is $45 but 10 a day at $6 is $60 so the price dips don't hurt as much.
as far as the 10 a day thing is concerned, there's a 10% tax on transactions but so does drip, tho for compounding they have 5%. they have a gitbook I been reading thru.
darkforestmoney.gitbook.io
Looks like it splits half into the token and half into the pool, but like drip, you can't get your initial investment out anyways.
Bloomify has evolved what Drip did with their protocols. In Bloomify you deposit USDC.e into the Flower Vault. The contracts swap 50% of that USDC.e to $NCTR. That deposit grants the user 0.5-1% daily rewards in $NCTR depending on if the user is a part of a team or not. Without a team = 0.5% daily rewards. With a team = 1% daily rewards.
I think all the protocols do something where money goes into your account and some goes to help keep the ecosystem running, hence the tax fees. They have a few other things like bloombox and some deer nft thing, all helping to keep the system running.
Lock tokens in the Flower Vault
- 1.
Deposits can't be withdrawn.
- 2.
Max payout of 3.65 x Deposits
- 1.
= Initial deposit + future deposits + pollinates + rewards to deposit area from downline (deposit tax & pollinate tax). This stacks up exponentially.
- 3.
Burning of a significant % of taxes.
- 4.
Forced HODL = Time for user adoption
- 5.
Token price stability
- 1.
The smart liquidity manager will make sure to keep the price of $NCTR stable.
- 2.
Example: $NCTR trades at $5 per token. The smart liquidity manager will then make sure to keep the price at $5 +/- 20%.
The price of nctr went up but I see it has been dipping down. Looks like they say they will try to stabilize it. Of course the more my stack grows, the more stable cuz it flows with any price changes, like in drip.
Every tax looks to be at 10% so that $10 for 1k thing isn't accurate like with drip but was a simple example to use for calculations.
And I also see that when compounding, half of the tax goes to the burn wallet. So that should help diminish the supply over time. No clue on total supply, will have to check on that. But as you get people, then it flows thru you and your stack grows as well. I think that's what the upline thing is.
Everyone gets the 1% for being on a team but then the tax gets taken and some goes into your wallet, which is the upline part of the compound tax section in the picture. 4.5% nctr and .5% usdc.e. Which can vary depending on how established your team is. Of course with more people, the more possibility of rewards but even having a few big whales can help as well. And having a team lets you do airdrops to your team. I know there's a whole system on there to do it. There's like a whole system on one of the pages of the gitbook. They even had an audit listed on there. No critical, high, or even medium issues found.
All Smart Contracts, holdings, and locked liquidity will be verifiable through public information. All Smart Contracts are audited through M.O.D. Audit findings are made public.
All smart contracts will be locked under Gnosis Multisig as an owner with all keyholders using Ledgers.
Security Score: The highest score ever from M.O.D Society
Don't know who MOD society are tho. They have a discord but I haven't been too active or checking up on it much.
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