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Author Topic: Reliable ways to Earn yourself Tokens without Trading  (Read 176 times)
Altcoiner007 (OP)
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August 14, 2024, 09:34:09 AM
 #1

Yield farming is gaining popularity everywhere. So I decided to try it out. I guess I have learned a valuable lesson for trying. I discovered a risk many are not aware of, which is the reason they get disappointed with the reward amount they get out of it at the end of the farming duration. The fact is, if you don't invest a good amount of assets for sufficient liquidity, you can't get a good amount out as a reward.

I may have been driven by predictions that TON is one of the tokens that will rise in value in the shortest future given the support of its ecosystem by different Backers. That drive hasn't changed, instead I'm interested in your recommendations for some good Staking options to Stake and accumulate TON as reward.

It'll be great if you share an option you've tested and it's rewarding, not some referral hunt. Cheers!
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August 14, 2024, 11:22:17 AM
 #2

I haven't done yield farming but I see people that earned a lot from those projects that have ran yield farming. But to say, not all of them are going to be profitable and successful and there's no guarantee on it. When you do yield farming, you'll need to make sure that you're also using money to run a yield and farm with the amount that you can afford to lose. Like what we used to say about investing, it's just the same as that because not all of your choices are going to be as good as the others that have chosen good projects and they're able to make money.
But this isn't for everyone, I know someone that does this for a living and I am impressed on how good he is but I'd keep it from there and only following his stories but not his path on how he's making money because not everything in social media is 100% real.

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August 14, 2024, 11:59:49 AM
 #3

Yield farming is gaining popularity everywhere. So I decided to try it out. I guess I have learned a valuable lesson for trying. I discovered a risk many are not aware of, which is the reason they get disappointed with the reward amount they get out of it at the end of the farming duration. The fact is, if you don't invest a good amount of assets for sufficient liquidity, you can't get a good amount out as a reward.

I may have been driven by predictions that TON is one of the tokens that will rise in value in the shortest future given the support of its ecosystem by different Backers. That drive hasn't changed, instead I'm interested in your recommendations for some good Staking options to Stake and accumulate TON as reward.

It'll be great if you share an option you've tested and it's rewarding, not some referral hunt. Cheers!

Yeah, the way I see it, it's just Staking 2.0, or worst others call it Ponzi scheme. As for TON, I don't know why you still be jumping on it's hype as it is no longer the hottest crypto. And with that definition, sooner or later, the hype will be over and that's what happen to Yield farming.

And to be able to make a lot of profits, you really need to invest a lot of money as well. And for sure, there are average joe like us here who are not willing to take that risk to invest our hard earn money on them.

With that, if we have choices like buying strong Altcoins as compare to investing on Yield Farming? I would rather put my money on let's say Ethereum or BNB or ADA, just saying.
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August 14, 2024, 05:02:22 PM
 #4

When making investments in crypto currencies especially when it comes to altcoins and meme coins one has to be very careful to avoid things like investing in a pump dump scheme or investing in a scam project. As of recent airdrop farming has really been soo rampant especially ever since the last bitcoin halving event. Well some persons believe a lot in airdrops and these meme coins because they make good profits from them. However that doesn't guarantee or make meme coins and tokens a good investment.

Quote
And to be able to make a lot of profits, you really need to invest a lot of money as well. And for sure, there are average joe like us here who are not willing to take that risk to invest our hard earn money on them.
Op you are actually getting it wrong here. Making profits in the whole crypto space especially with altcoins is something that is dependent on how much you understand the crypto space and not how much money you put into investing . This is because you could potentially lose a huge amount of money because you invested in the wrong crypto.

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taufik123
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August 14, 2024, 05:56:10 PM
 #5

Quote
And to be able to make a lot of profits, you really need to invest a lot of money as well. And for sure, there are average joe like us here who are not willing to take that risk to invest our hard earn money on them.
Op you are actually getting it wrong here. Making profits in the whole crypto space especially with altcoins is something that is dependent on how much you understand the crypto space and not how much money you put into investing . This is because you could potentially lose a huge amount of money because you invested in the wrong crypto.
Altcoins are quite risky, but when one already knows how crypto works, they will get pretty good results.
Make more money with the money invested.

But of course when it comes to risk, it will be greater compared to investing in Bitcoin or top altcoins like ETH.
OP doesn't seem to have good trading skills either, Another option to make more money is to buy Bitcoin gradually and sell when ATH, it's a long-term investment.

Maybe the OP also already knew that when he invested in altcoins, he would also be prepared to lose the money.
The TON network is indeed hype right now and there are more projects starting to emerge, so this is an opportunity that can be taken but with a high risk already realized.

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EarnOnVictor
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August 14, 2024, 06:14:40 PM
 #6

Yield farming is gaining popularity everywhere. So I decided to try it out. I guess I have learned a valuable lesson for trying. I discovered a risk many are not aware of, which is the reason they get disappointed with the reward amount they get out of it at the end of the farming duration. The fact is, if you don't invest a good amount of assets for sufficient liquidity, you can't get a good amount out as a reward.

I may have been driven by predictions that TON is one of the tokens that will rise in value in the shortest future given the support of its ecosystem by different Backers. That drive hasn't changed, instead I'm interested in your recommendations for some good Staking options to Stake and accumulate TON as reward.

It'll be great if you share an option you've tested and it's rewarding, not some referral hunt. Cheers!
I love the fact that you introduced yield farming and the same you condemned it all by yourself. This is not so different from the traditional ways of investing which I have access to with many alternatives in my country. There are still some companies that are willing to give me over 20% ROI per annum.

For me to be interested in cryptocurrency means that I need more, so this yield farming of a thing, staking and many more are not just worth it as far as I am concerned.

About the TON investment, it is definitely a good idea and I've been having my eyes on it for a while now because TON is not different from Solana today and if the jump in Solana is considered, it is a little time remaining that TON would surprise people. You can see how it did not fall much when other cryptocurrencies fell lately. This can only mean a good project which we should not take for levity. But I will buy it and keep in my wallet rather than yield farming it.

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August 14, 2024, 07:15:56 PM
 #7

Maybe the OP also already knew that when he invested in altcoins, he would also be prepared to lose the money.
The TON network is indeed hype right now and there are more projects starting to emerge, so this is an opportunity that can be taken but with a high risk already realized.
Exactly, TON is just a hype, even if OP have staked a huge amount into it, he or she would at the end realise that it's just a big hype it will end up bringing disappointment. If anyone what's to achieve from the ton network you only have to be patient but not by holding the token or coin for a long time.

To you, OP all you have to do is look at top Altcoins that are in the market and with good trading liquidity and check their ROI if any suits your test you can try them out only if you have done a good research on them. Perhaps I can't mention one exact token or Altcoin for you because I wouldn't want to be blamed for any side ways result.
Altcoiner007 (OP)
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August 14, 2024, 07:52:18 PM
 #8

Yield farming is gaining popularity everywhere. So I decided to try it out. I guess I have learned a valuable lesson for trying. I discovered a risk many are not aware of, which is the reason they get disappointed with the reward amount they get out of it at the end of the farming duration. The fact is, if you don't invest a good amount of assets for sufficient liquidity, you can't get a good amount out as a reward.

I may have been driven by predictions that TON is one of the tokens that will rise in value in the shortest future given the support of its ecosystem by different Backers. That drive hasn't changed, instead I'm interested in your recommendations for some good Staking options to Stake and accumulate TON as reward.

It'll be great if you share an option you've tested and it's rewarding, not some referral hunt. Cheers!
I love the fact that you introduced yield farming and the same you condemned it all by yourself. This is not so different from the traditional ways of investing which I have access to with many alternatives in my country. There are still some companies that are willing to give me over 20% ROI per annum.

For me to be interested in cryptocurrency means that I need more, so this yield farming of a thing, staking and many more are not just worth it as far as I am concerned.

About the TON investment, it is definitely a good idea and I've been having my eyes on it for a while now because TON is not different from Solana today and if the jump in Solana is considered, it is a little time remaining that TON would surprise people. You can see how it did not fall much when other cryptocurrencies fell lately. This can only mean a good project which we should not take for levity. But I will buy it and keep in my wallet rather than yield farming it.

I don't think I intended to condemn yield farming. I simply shared an aspect of yield farming that most users  don't know or consider before using it. The fact is those investing huge amount in asset into yield farming make better profits. But if you're putting in a small capital, you may get disappointed. That's my discover with yield farming. Instead of yield farming, using Pool is recommended for those with little assets to stake.

The thing is, I've noticed that BWB tokens can be staked on Bitget's PoolX to earn TON, which gives lucrative rewards, but the current event is for their new users.

Staking in pool profit anyone anytime, hence I am willing to explore platform with good Reward ratio.
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August 15, 2024, 12:55:31 AM
 #9


Quote
And to be able to make a lot of profits, you really need to invest a lot of money as well. And for sure, there are average joe like us here who are not willing to take that risk to invest our hard earn money on them.
Op you are actually getting it wrong here. Making profits in the whole crypto space especially with altcoins is something that is dependent on how much you understand the crypto space and not how much money you put into investing . This is because you could potentially lose a huge amount of money because you invested in the wrong crypto.


Crypto asset trading is a risky activity just like altcoins, but there is always a gap in making a profit, with the potential for continued growth not discouraging people from investing in it even though they know the risks they will face, even though altcoins have the potential for much greater profits compared to bitcoin, players in the crypto market are now starting to look closely at potential altcoins to get the profits they invest, but the right choice is the main key to success.

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August 15, 2024, 02:45:49 AM
 #10

Yield farming always dominated by the whales with millions of dollar in their hand, since most of staking pool right now are distributing staking rewards based on the pool reward proportionate to the money that we staked, it's definitely simple math to figure out that if we staked with less than $10k probably we just gonna get few dollars at best.

been there done that with bybit and bitget launchpool most of them right now are just lackluster of a staking pool not even worth trying 7 days of staking yield $0.5 nowadays because the pool is too diluted.
I expect anywhere else to be the same.

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August 15, 2024, 03:16:09 AM
 #11


Quote
And to be able to make a lot of profits, you really need to invest a lot of money as well. And for sure, there are average joe like us here who are not willing to take that risk to invest our hard earn money on them.
Op you are actually getting it wrong here. Making profits in the whole crypto space especially with altcoins is something that is dependent on how much you understand the crypto space and not how much money you put into investing . This is because you could potentially lose a huge amount of money because you invested in the wrong crypto.


Crypto asset trading is a risky activity just like altcoins, but there is always a gap in making a profit, with the potential for continued growth not discouraging people from investing in it even though they know the risks they will face, even though altcoins have the potential for much greater profits compared to bitcoin, players in the crypto market are now starting to look closely at potential altcoins to get the profits they invest, but the right choice is the main key to success.
Its not about risk factor, its about investment with calculative risk. For these kind of investment u would need a big pocket. I still remember 4 years back when Defi stake was gaining momentum, a lot of these kind of scheme/ideas were gaining attention. They were promising 20-30% return in small span, which was tempting but absurd. I think its better to take risk in sports gambling if you are expert in particular sports or go traditional way i.e trading.
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August 15, 2024, 07:00:04 AM
 #12

The thing is, I've noticed that BWB tokens can be staked on Bitget's PoolX to earn TON, which gives lucrative rewards, but the current event is for their new users.

Staking in pool profit anyone anytime, hence I am willing to explore platform with good Reward ratio.

Staking on a centralized exchange will probably not earn you much yield. They are only running a promotion for a short period.

If you want to try out a DEX, these are some of the pools with the highest TVL on DefiLlama.
https://defillama.com/yields?token=TON
Some of these are not the most well known exchanges, because TON is still a new blockchain so you have to consider the risks. There is a wrapped version of TON on Ethereum which has a high APR on Uniswap, but these are concentrated liquidity pools which require a lot of management and you will have to pay high gas fees each time you want to modify your position or claim your earnings.

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asriloni
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August 15, 2024, 07:43:03 AM
 #13


Yield farming is gaining popularity everywhere. So I decided to try it out. I guess I have learned a valuable lesson for trying. I discovered a risk many are not aware of, which is the reason they get disappointed with the reward amount they get out of it at the end of the farming duration. The fact is, if you don't invest a good amount of assets for sufficient liquidity, you can't get a good amount out as a reward.


I think everyone knows that yield farming's main rule is to stake funds. It determines how to get the token. It's simple to say, the more money to stake, and the more reward you get.


I may have been driven by predictions that TON is one of the tokens that will rise in value in the shortest future given the support of its ecosystem by different Backers. That drive hasn't changed, instead I'm interested in your recommendations for some good Staking options to Stake and accumulate TON as reward.


I recommend you to participate in the Ton launchpool, you will get ton as a reward by staking your BNB or FDUSD. This is what you want, right?



More than 7.5 millions Ton pooled as a reward for the staker.

https://launchpad.binance.com/en/launchpool/TON_BNB


It'll be great if you share an option you've tested and it's rewarding, not some referral hunt. Cheers!


I suggest you regularly participate in the yield farming or launchpool to get free ton.

Also, you can participate in TON tap-tap airdrop reward > get free tokens > convert them to Ton coin.

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taufik123
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August 15, 2024, 04:22:49 PM
 #14

Exactly, TON is just a hype, even if OP have staked a huge amount into it, he or she would at the end realise that it's just a big hype it will end up bringing disappointment. If anyone what's to achieve from the ton network you only have to be patient but not by holding the token or coin for a long time.
[/quote]
Yes, but it was a choice taken by the OP and he certainly knew the risks.
Must be able to afford to lose the money he is risking and also be prepared to receive huge profits if the hype continues and the price of TON is increasing.
The staking that is carried out will certainly have a grace period, or it can be un-stake at any time, according to the profit target to be taken.

To you, OP all you have to do is look at top Altcoins that are in the market and with good trading liquidity and check their ROI if any suits your test you can try them out only if you have done a good research on them. Perhaps I can't mention one exact token or Altcoin for you because I wouldn't want to be blamed for any side ways result.
Not to mention any Altcoins, but the top one as an Altcoin is ETH and everyone knows that.
But it is a decision or choice of each and has done research on it.

R


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EarnOnVictor
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August 16, 2024, 08:37:09 AM
 #15

Yield farming is gaining popularity everywhere. So I decided to try it out. I guess I have learned a valuable lesson for trying. I discovered a risk many are not aware of, which is the reason they get disappointed with the reward amount they get out of it at the end of the farming duration. The fact is, if you don't invest a good amount of assets for sufficient liquidity, you can't get a good amount out as a reward.

I may have been driven by predictions that TON is one of the tokens that will rise in value in the shortest future given the support of its ecosystem by different Backers. That drive hasn't changed, instead I'm interested in your recommendations for some good Staking options to Stake and accumulate TON as reward.

It'll be great if you share an option you've tested and it's rewarding, not some referral hunt. Cheers!
I love the fact that you introduced yield farming and the same you condemned it all by yourself. This is not so different from the traditional ways of investing which I have access to with many alternatives in my country. There are still some companies that are willing to give me over 20% ROI per annum.

For me to be interested in cryptocurrency means that I need more, so this yield farming of a thing, staking and many more are not just worth it as far as I am concerned.

About the TON investment, it is definitely a good idea and I've been having my eyes on it for a while now because TON is not different from Solana today and if the jump in Solana is considered, it is a little time remaining that TON would surprise people. You can see how it did not fall much when other cryptocurrencies fell lately. This can only mean a good project which we should not take for levity. But I will buy it and keep in my wallet rather than yield farming it.

I don't think I intended to condemn yield farming. I simply shared an aspect of yield farming that most users  don't know or consider before using it. The fact is those investing huge amount in asset into yield farming make better profits. But if you're putting in a small capital, you may get disappointed. That's my discover with yield farming. Instead of yield farming, using Pool is recommended for those with little assets to stake.

The thing is, I've noticed that BWB tokens can be staked on Bitget's PoolX to earn TON, which gives lucrative rewards, but the current event is for their new users.

Staking in pool profit anyone anytime, hence I am willing to explore platform with good Reward ratio.
I quite understand you friend and I never condemned your position on yield farming, and as a matter of fact, I like it because you talked about the good/discouraging side of it and the condition in which profits can be improved from it, which I all accepted. But I only suggested that instead of wasting my time investing in cryptocurrency in such a way that would earn me a reduced return, why not do it in the traditional way of investing?

Perhaps, that is where the misconception comes from. I can't imagine increasing my risk in staking more money simply because I want to invest in crypto, what if something bad that was unforeseen happened? That's my fear, and if we want to invest in crypto, let it be in the kind of investment opportunity that will surpass what is happening outside the crypto world. Double, tripling and so on of our money makes crypto so lucrative if I must say. Reducing that through yield farming can't be tolerated by me.

However, I love the BWB token on Bitget's PoolX for TON, that's what we are talking about, as long as the profits are higher, the investment is worth it.

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August 16, 2024, 09:33:23 AM
 #16

The thing is, I've noticed that BWB tokens can be staked on Bitget's PoolX to earn TON, which gives lucrative rewards, but the current event is for their new users.

Staking in pool profit anyone anytime, hence I am willing to explore platform with good Reward ratio.

Staking on a centralized exchange will probably not earn you much yield. They are only running a promotion for a short period.

If you want to try out a DEX, these are some of the pools with the highest TVL on DefiLlama.
https://defillama.com/yields?token=TON
Some of these are not the most well known exchanges, because TON is still a new blockchain so you have to consider the risks. There is a wrapped version of TON on Ethereum which has a high APR on Uniswap, but these are concentrated liquidity pools which require a lot of management and you will have to pay high gas fees each time you want to modify your position or claim your earnings.

Didn't hear about things like that with the pools that are different from the - safe - ones on CEXes Grin Thanks!

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August 16, 2024, 12:51:56 PM
 #17

Yield farming is gaining popularity everywhere. So I decided to try it out. I guess I have learned a valuable lesson for trying. I discovered a risk many are not aware of, which is the reason they get disappointed with the reward amount they get out of it at the end of the farming duration. The fact is, if you don't invest a good amount of assets for sufficient liquidity, you can't get a good amount out as a reward.

I may have been driven by predictions that TON is one of the tokens that will rise in value in the shortest future given the support of its ecosystem by different Backers. That drive hasn't changed, instead I'm interested in your recommendations for some good Staking options to Stake and accumulate TON as reward.

It'll be great if you share an option you've tested and it's rewarding, not some referral hunt. Cheers!
Gaining popularity now? Yield farming was hyped back in 2020. You know, before your beloved community takeover TON even really existed. It's always going o be be high-risk, and there's no "trick" to make it less so. And it's not about you specifically putting enough for sufficient liquidity, because if you are really the one keeping up the liquidity, you are just manipulating the price. That would be a lot similar to pump and dump scheme where price is pumped up artificially.

I am certain that some TON tokens are a way to make fast money now, but changes that you pick the wrong one are way too high for me to play with them. It's similar to sol tokens back in time.

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R1dwanRz
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August 21, 2024, 08:37:10 AM
 #18

Yield farming is gaining popularity everywhere. So I decided to try it out. I guess I have learned a valuable lesson for trying. I discovered a risk many are not aware of, which is the reason they get disappointed with the reward amount they get out of it at the end of the farming duration. The fact is, if you don't invest a good amount of assets for sufficient liquidity, you can't get a good amount out as a reward.

I may have been driven by predictions that TON is one of the tokens that will rise in value in the shortest future given the support of its ecosystem by different Backers. That drive hasn't changed, instead I'm interested in your recommendations for some good Staking options to Stake and accumulate TON as reward.

It'll be great if you share an option you've tested and it's rewarding, not some referral hunt. Cheers!

TON is an interesting blockchain though. Many projects are launching around that blockchain, well not surprising that telegram is having over millions of people using the platform, and having TON as a payment option in their native wallet.

Since you asked for recommendations for earning TON, I do recommend you to check staking platforms, like you can participate in Bitget Poolx, as there is an event for new users that requires you to stake BWB to get TON rewards hourly here
But I do have to tell you that it's only about 2 days remaining before it ends.

But anyways I am glad to see some folks are predicting what's gonna be the price and all. I believe it can go 10$ this year, still cheap since the current price is 6.60$. It was raised to 7.1$ due to binance listing, but then it dipped, was an good opportunity to get more for me..
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