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Alternate cryptocurrencies => Altcoin Discussion => Topic started by: S3300 on August 26, 2022, 08:23:08 AM



Title: Still into high APY projects?
Post by: S3300 on August 26, 2022, 08:23:08 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..


Title: Re: Still into high APY projects?
Post by: o48o on August 26, 2022, 09:43:48 AM
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.


Title: Re: Still into high APY projects?
Post by: bittick on August 26, 2022, 09:52:56 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.


Title: Re: Still into high APY projects?
Post by: cytpoway121 on August 26, 2022, 09:59:11 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


Title: Re: Still into high APY projects?
Post by: malcovi2 on August 26, 2022, 10:00:31 AM
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.


Title: Re: Still into high APY projects?
Post by: Javi_Anibarro on August 26, 2022, 11:47:17 AM
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.


Title: Re: Still into high APY projects?
Post by: PrivacyG on August 26, 2022, 12:08:58 PM
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.

-
Regards,
PrivacyG


Title: Re: Still into high APY projects?
Post by: cryptoaddictchie on August 26, 2022, 12:42:04 PM
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.


Title: Re: Still into high APY projects?
Post by: avikz on August 26, 2022, 01:22:50 PM
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!


Title: Re: Still into high APY projects?
Post by: passwordnow on August 26, 2022, 01:29:58 PM
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..
They're unsustainable and might turn into a scam. Who invests with those APYs and it's likely the devs and a few early investors will be the ones to enjoy that high APY.
But the rest that will get into those projects that offer too much APY are the ones that will suffer because as soon as the devs and the others have already taken their exit, you'll see the value of the project itself falls even if there's that much apy.


Title: Re: Still into high APY projects?
Post by: CuriousGeorge on August 26, 2022, 01:34:45 PM
It will become nothing. You must believe me. It's too good to be true. The fact that almost all of tokens offering non sense APY like that will be alive only for a few months and then after people have been dumping their tokens from daily staking and then they will be moving away to the another project.
This is how crypto market works right now. I think that you can understand this correctly. You must remember that if this was based on the fact happened in the market


Title: Re: Still into high APY projects?
Post by: $crypto$ on August 26, 2022, 01:47:41 PM
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!
Look at the high APY project, it looks promising even though this is like a ponzi scheme, for example, an investment of 1000 usd, a monthly return of $1967 USD as seen in the picture, is this promising isn't it?
But in fact this is not a good start, it will even tend to die faster, and I always recommend avoiding high APY projects that are offered.

https://i.gyazo.com/8c11981916dd24673cc321cf43eb104b.png


Title: Re: Still into high APY projects?
Post by: coin-investor on August 26, 2022, 01:52:13 PM
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..

It's unsustainable and not realistic for the long term, they can offer that very high APY if the project has usability and a platform to back that very high APY, in this new era of investing in Cryptocurrency it's all about usability and support of the community, this very high APY is very similar to Ponzi Scheme, they live on the hype, but they cannot sustain in the market, APY should be reasonable for the longevity of the project.


Title: Re: Still into high APY projects?
Post by: Tony116 on August 26, 2022, 01:54:45 PM
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!

Yes, your mention of HYIP reminds me of them, these high APY projects are no different from the old HYIP sites. The returns are very high, take the money of the latter to pay for the former and projects like this usually don't last long. They are projects that are labelled as scams from the very beginning and only those who are greedy, do not want to do anything and want money will accept to invest in them.


Title: Re: Still into high APY projects?
Post by: Pterosaur on August 26, 2022, 01:58:19 PM
Such projects never live long, they end up folding up in a very short period of time, only greedy people who wants to turn 100$ into 100,000$ invest in such projects, when APY is too high it will be hard for the project to survive.


Title: Re: Still into high APY projects?
Post by: Rufsilf on August 26, 2022, 02:01:14 PM
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..
Don't get fooled by that kind of attractive offer as this is more probably a scam trick that we usually see around.
I expect a tragic ending story for that project and losses for the investors. We'd rather stay away from this and put our money into the projects that we have some assurance, unlike this HIYP that will cause us losses.

The market is so tricky that is why we should be careful and wise enough to choose the right and reliable projects.


Title: Re: Still into high APY projects?
Post by: Victorik on August 26, 2022, 02:48:41 PM
Hell no! Majority of them end up rugging. It's another attempt to lure people into their get rich quick scheme. Majority of these projects with crazy APY are not sustainable. I mean where are they gonna get the money to pay out.


Title: Re: Still into high APY projects?
Post by: BitDane on August 26, 2022, 03:00:50 PM
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..

It looks like the project cannot sustain the market price of the token since the high inflation of token saturated the market making its value to collapse.  With a collapsed market value, investors will not be interested because there is nothing to do to a worthless token no matter how huge the holdings is.  So this kind of project will eventually die and be forgotten.


Title: Re: Still into high APY projects?
Post by: Moeda on August 26, 2022, 03:19:43 PM
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..
If a project offers high APY or overdose, we need to ask where to source tokens to pay participants. APY usually keeps decreasing, it depends on the number of people staking. If the percentage does not decrease, of course their staking program will fail. Does not attract the interest of the participants.


Title: Re: Still into high APY projects?
Post by: Flexystar on August 26, 2022, 03:31:37 PM
So you said that project is giving out 99.00% returns, which itself makes sense why their volume is almost zero now. Funny. If any project is going to give APY like that then what about the marketing, PR, salaries of the employees, Light bills and shit coffee voucher? How they gonna pay for all of that and still sustain in the market with high volumes? It’s not possible, any project has multiple wings which needs to be pampered with financial support otherwise the project will end up in junkyard.

Project with 25% APY is all fine but anything more than that is going into the risk zones and making things crazy for everyone. Just runaway from such claims and always have sensible investments. :)


Title: Re: Still into high APY projects?
Post by: Mario Yamasaki on August 26, 2022, 03:38:46 PM
I do not understand how to calculate APY up to thousands of percent in a day, if this is real, of course all Bounty Hunters will stop and choose investment in the system rebase, Some of the projects that I have participated in such as Safuu Drop prices are significant, I bought around the price of $ 170 and afraid of dropping so I sell when the price is $ 110 and now the price is only around $ 5.


Title: Re: Still into high APY projects?
Post by: ningrum on August 26, 2022, 03:47:41 PM
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..
It's very clear that the project that offers APY that doesn't make sense is of course a scam project or a Ponzi project,
how can something like that be done? it's really not healthy for a DeFi project,
take a look at projects like Binance, Uniswap, 1Inch, do they offer high APY? definitely not! be careful.


Title: Re: Still into high APY projects?
Post by: coinerer on August 26, 2022, 04:49:04 PM
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.
You got the point. "high APY will give big inflation". After listing any exchange the token started to get down. Helena is not the only victim of such a situation. May be most of us know about Safuu Token. The price of which I saw about $300 but now available for only $5. Over all it seems to me that due to bearish market, so the price naturally reduce high. But if the bull market goes through, maybe they can increased rapidly.


Title: Re: Still into high APY projects?
Post by: uneng on August 26, 2022, 10:19:48 PM
The end is always the same like in any hyips and ponzi schemes. Early investors make profit, while late investors lose their investments. This kind of concept never ends, they only change their methods to hide previous failures and to lure investors to keep entering new schemes. If we look back in time, when crypto was starting the trend was fake cloud mining business, then once this scam became quite evident, they had to change the methodology. From that moment on, lots of crypto projects started appearing promising the same returns of those old scam websites, but with a fresh and new frontage, appearance.


Title: Re: Still into high APY projects?
Post by: WalkerIVIV on August 26, 2022, 10:26:37 PM
high APY means the value of coins will gets eaten by inflation, high APY is just gimmick, mostly coin that has high APY usually ended up as a shitcoin, the reason they have no volume in exchange was mainly because they have no value at all at the end of the day.


Title: Re: Still into high APY projects?
Post by: o48o on August 27, 2022, 03:53:29 PM
high APY means the value of coins will gets eaten by inflation, high APY is just gimmick, mostly coin that has high APY usually ended up as a shitcoin, the reason they have no volume in exchange was mainly because they have no value at all at the end of the day.

Value of a single coin gets down with inflation, not necessarily your total value of your share as your share as it's growing with the inflation. In fact your share value could go up as people are incentived to hold their tokens.

Reason why they have been down in the past is because they don't have any other usecase then hype.


Title: Re: Still into high APY projects?
Post by: pealr12 on August 27, 2022, 07:38:11 PM
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..

In most cases, the team reduces such high apy to avoid continuous dump of the token, it is very clear that such reward can not be maintained for a long period of time if the project was to survive. The market situation also contributes to the reason why many of these projects are quiet these days. most investors have pulled their funds out waiting for a better market condition to re-enter the market. And also note these projects don't have any utility besides apy to increase demand, it is very likely to se less volume.


Title: Re: Still into high APY projects?
Post by: Detritus on August 27, 2022, 10:16:47 PM
 Most of this projects that promise high APY uses the strategy to atracts more investors, after getting a huge funds from a good number of investors, they will lock their telegram group so that members can't ask questions, secondly they will disappear into thin air. The last high APY project I invested on was "ASTAK finance" and today the token is no longer showing $USDT value in my wallet.


Title: Re: Still into high APY projects?
Post by: WalkerIVIV on August 27, 2022, 10:52:54 PM
I think the more APY is offered by these new coins, the more chance the coins will become such a disappointment mainly because it kinda shows the quality of their project that they need to give really high APY means they just want to make their coin famous somehow without showing their quality and innovation, coin with good quality like matic and solana never gives this kind of really high APY in their staking ever, I think this high APY is just gimmick.


Title: Re: Still into high APY projects?
Post by: Yamifoud on August 27, 2022, 11:05:56 PM
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..
Don't get too attached to these projects, not I was saying they are all scams but yes, this kind of trick may fall into the schemes. We have to be aware that it was impossible to make money from a non-working project. I know their offer is very high and attractive but we have to consider how could they generate money if they are still in the pre-selling period. Just take a look at how good is their marketing and could really entice investors to join but yes, we can also draw some speculation that this will ended up scamming.


Title: Re: Still into high APY projects?
Post by: Jackl87 on August 28, 2022, 12:14:57 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..

Well it should be pretty obvious to anyone that has at least the math skills of a 4th grade student that such projects have no chance to be sustainable for more than 2 weeks or so. During a full bull market such projects made some lucky dudes rich that invested into them literally in the first hour or so then farmed for a few days and then sold of once the project got traction on social media and other platforms.
Now during a bear market such projects just have no chance to find any one that buys them and rightly so in my opinion, because they are nothing more than obvious ponzi schemes.


Title: Re: Still into high APY projects?
Post by: Silberman on August 28, 2022, 01:20:48 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..
You should know that this is a very bad sign, in order to offer those kind of returns it means no one is interested in the project, and even if there was someone which was such a huge return is simply unsustainable, so when you see similar numbers to that then you need to stay away from that coin, and if you are already invested in it then the only thing I can say to you is that it is getting quite late and if you do not sell soon you could become a bagholder.


Title: Re: Still into high APY projects?
Post by: ethereumhunter on August 28, 2022, 02:09:22 PM
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 end of those APY projects can be a scam because they offer something too good to be true. And unfortunately, many people then join the project because they hope to make big profits in a short time. Even bitcoin can't provide big profits if the market is in a bear market.

You don't have to deal with such projects because most of them will end up being scams and you will be disappointed to see them. Just a suggestion, if you want to invest in such projects, you can use binance and allocate some funds to your account to start investing in new projects. At least you will see the results and the coin or token from that project can get a place on the binance trading list.


Title: Re: Still into high APY projects?
Post by: Iyeman on August 28, 2022, 03:19:05 PM
I think that high apy project didn't seem to be a good project anymore this time. It's caused by inflation that may be ruining everything. We have bunch of similar projects being launched in the various timing. Those are dumping so hard like there was no bottom for all of them.
This is why i think that we must think again to invest in this kind of project. You shall also hear another opinion in this thread as well. I think that will give you a little insight


Title: Re: Still into high APY projects?
Post by: andriarto on August 28, 2022, 03:53:07 PM
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.

But the fact is that most projects using APY cannot compete to attract people's interest and just end up without any certainty, even though they have made a good concept, if the community's interest is no longer there, it can't be denied, we can see projects that are running defi cient. at that time, did it work until now..
it is very difficult to predict a project to make it successful in the long term and according to the roadmap that has been prepared. many projects were very well prepared but ended up being abandoned and disappeared from the market. I think it will be better the way we deal with it. for example by arranging money management to provide a smaller portion in investing in new projects. apy is sometimes not the main benchmark in supporting the success of a project, and of course we should not be greedy, because there is a chance for a ponzi scheme to occur


Title: Re: Still into high APY projects?
Post by: Captain Corporate on August 28, 2022, 03:56:59 PM
I really never was. I really enjoyed the projects that changed the crypto world and have something to provide to the crypto world. But at the end of the day the high APY ones do not have anything like that at all. I believe that we shouldn't really be focusing on anything that is just making you money, if you look at just the money making chance then you are going to lose money %100 for sure. But if we focus on something that is long term amazing that gives something good with a new feature or something like that to the crypto world then we are going to end up with a big profit in the long run. That will help a lot.


Title: Re: Still into high APY projects?
Post by: serjent05 on August 28, 2022, 09:24:12 PM
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..

Projects that offer like this are doomed to fail.  They have an unrealistic offer that is hard to support, so as a result many of these kinds end up without any demands.  Imagine, a project due to a low budget conduct crowdfunding then they will have this high APY offers to investors.  Who in the right mind will offer a high return when the project itself is struggling with funds and needs investors to start the project?  Of course, those whose goal is to money grab will be the ones to offer these kinds of schemes and they really don't care about the economics of the project reason why most of them become worthless.


Title: Re: Still into high APY projects?
Post by: Xal0lex on August 28, 2022, 10:21:48 PM
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..

All these projects do not live long. I would like to see at least one project that was able to pay such a huge interest rate to its investors a year after they invested such funds. They do not exist, simply because it is impossible. Just ask yourself the question, what makes a project pay that kind of interest to its investor? What kind of trading turnover does it have to have in order to be able to service such an interest rate? There would have to be trillions of dollars in turnover, and that probably wouldn't be enough. Such interest rates exist only on paper, in theory, as an advertising campaign to attract investors who are uneducated.


Title: Re: Still into high APY projects?
Post by: Kelvinid on August 28, 2022, 10:34:36 PM
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..

Projects that offer like this are doomed to fail.  They have an unrealistic offer that is hard to support, so as a result many of these kinds end up without any demands.  Imagine, a project due to a low budget conduct crowdfunding then they will have this high APY offers to investors.  Who in the right mind will offer a high return when the project itself is struggling with funds and needs investors to start the project?  Of course, those whose goal is to money grab will be the ones to offer these kinds of schemes and they really don't care about the economics of the project reason why most of them become worthless.
Perhaps, it was a common issue in new projects and offering huge APY to gain more attraction from the community, and later on, they will just leave. I'm not sure what is the team is planning but in most cases, this is likely to fail just like the others. And I'd never see it was worth investing in this kind of project knowing that it was not working already and no idea where the team gets money to give to their investors.
And just like what you think, I feel doubtful about these projects who offer high APY.


Title: Re: Still into high APY projects?
Post by: wheelz1200 on August 28, 2022, 10:40:39 PM
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..

They are all scams.  For the most part you will end up losing your investment.  Any investment which claims it can make you insane returns is a scam.  Point out one that has been sustainable.


Title: Re: Still into high APY projects?
Post by: FirmWars on August 29, 2022, 07:10:43 AM
In 2021 when crypto bull run is alive I watched some videos on Youtube where some Youtubers invested 50$ into different high yield projects like this and some do give news about how much they have made in two to three months but they knew its not safe that's why they used 50$, but this risk is only worth taking in a bull market, I don't know why this one comes when the whole market is in mess already.


Title: Re: Still into high APY projects?
Post by: JoyMarsha on August 29, 2022, 07:38:30 AM
When the high APY rebase projects started newly in crypto, I was in love with their rebase system. Seeing how your tokens keep multiplying every 15 minutes(auto-rebase) in your wallet. But at times continue to pass by, I noticed that many of the high APY projects are beginning to reduce their high APY to minimum APY to enable them to control the inflation and stabilize their price.

Projects with high APY are a risky investment. It should be avoided because they are out of ideas to continue with their high APY rebase system


Title: Re: Still into high APY projects?
Post by: justdimin on August 29, 2022, 01:48:30 PM
they are very lively at first but the high APY also means high risk. I think when DeFi got popular high APY we've seen a lot and they just end up disappearing without a word. It's a scary thing, I think the average ends up like that, but if they can be sustainable they're great.
The risk is too high. High apy means so many tokens will be generated in hourly even minutes basis. So, this will give impact to the price of token. You can take so many high APY tokens in the market about how it was growing down so fast after people are starting to get what they have been staking with non sense apy like that. Im sure that if anyone also aware about that too. SAFUU has become a scam token.
High APY doesn't always means there are a lot of tokens generated, it also means that you could have very low amount of investors. So even if you are changing like just 1000 dollars worth of investment but there is only a single person, then all that 1000 will go to one person, whereas if there are 1000 of them, then each will get one dollar.

This is just an example which is why I believe that we should be making sure that it is not just high APY that is due to high return which will make it high inflation, it should be high APY due to being new and lacking enough investors. That would be a much better situation to be in and give you a better return for a short period of time.


Title: Re: Still into high APY projects?
Post by: shinratensei_ on August 29, 2022, 04:13:41 PM
I think most high APY projects ended up having no volume because they are shitcoins from the very start they offered their high APY.
I mean the reason they could offers such high APY simply was because they are shitcoins that eventually in the future will get flooded with so much supplies that it will lost its value.
mostly this kind of coin just trying to make short term return and usually gets left by traders later in the future since it will eventually becomes bad investment choice.


Title: Re: Still into high APY projects?
Post by: poodle63 on August 30, 2022, 06:59:11 AM
they are very lively at first but the high APY also means high risk. I think when DeFi got popular high APY we've seen a lot and they just end up disappearing without a word. It's a scary thing, I think the average ends up like that, but if they can be sustainable they're great.
It's not only high risk but that's actually a non sense thing. You can imagine this in the site that's stated that if you bought 1k worth of tokens and it will become 3 millions USD in a year which is a non sense thing. People can sense it.
Any project with a very high apy like that has more than 98% probability to become another scam. You must also see what happened with lanuna.


Title: Re: Still into high APY projects?
Post by: Jancuki on August 30, 2022, 08:04:44 AM
The APY project must provide more solutions to price stabilization, especially if the APY given has a high percentage. Most projects that provide high APY will certainly be very risky to the speed of price declines, so it is necessary to take concrete steps to overcome this so that prices and the provision of APy rewards can be stable. Hopefully there is a solution!


Title: Re: Still into high APY projects?
Post by: fortunecrypto on August 30, 2022, 08:34:50 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..

It's expected and this is not something new, all the other coins in the market that promised a very high APY will eventually die down because this kind of project is meant for pump and dump, and pump and dump coins have a short-term lifespan, they are just good at promising their holders but they have no usability that the community can use, stay away from this project, moderate your greed, don't invest on something that's very similar to Ponzi scheme.


Title: Re: Still into high APY projects?
Post by: Silberman on August 31, 2022, 02:27:00 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..

It's expected and this is not something new, all the other coins in the market that promised a very high APY will eventually die down because this kind of project is meant for pump and dump, and pump and dump coins have a short-term lifespan, they are just good at promising their holders but they have no usability that the community can use, stay away from this project, moderate your greed, don't invest on something that's very similar to Ponzi scheme.
I will say that this is not something similar to a Ponzi scheme, in my opinion this is exactly what it is, now I understand that many people do not really know what a Ponzi scheme is however if anyone is interested in investing in one of those projects at best they should invest just a few dollars, then when they eventually lose their money they will learn their lesson and understand that projects like those are never going to give them profits, this way the price they need to pay to learn their lesson will be very low, but many times this is not what happens, people invest all their money and when they lose it they are completely devastated, both economically and psychologically.