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Furio ecosystem statistics – End September

30. September 2022 by digital-coin.net Leave a Comment

I have to be honest: Furio is currently one of my favorite Defi projects. Not only because of its dynamic reward system, but also due to the constant updates and improvements by the team (a summary follows later today on that topic). This is also for sure one of the drivers of the increasing amount of participants on the Furio site: It keeps growing on a daily basis. And I am actually interested in how much Furio grows over time.

I started exploring statistics the Furio website offers around the ecosystem. Anyone interested in a regular update here? How often? Idea was like every Friday or over the weekend, so on a weekly basis.

The kind of data that is available and is of interest to see how the Furio ecosystem develops could be the following:

Statistics	30.09.2022
$FUR Price	5.52
Vault # of Participants	6’351
Vault Deposits Count	14’753
Vault Deposits Value	1’040’691.21
Vault Compounds Count	335’292
Vault Compounds Value	3’542’371.03
Vault Claims Count	19’908
Vault Claims Value	484’077.84
Vault Transactions Count	383’973
Vault Taxes paid	361’001.59
Furpool # of Stakers	451
Furpool Total Staked	207’174.41
LP Price	4.74

Furio Ecosystem statistics per 30th September 2022

Of course you could look up the data yourself, if you want, so the intention is to provide a bit more value then just copy/pasting data: The idea is to enrich the provided data with charts to show the development across all the dimensions of the Furio ecosystem. I started collecting the data only today morning to be honest, hence there is no chart yet for the above data this time (week?). There will be one (or probably more, have to play around) next time.

Are there any other areas anyone is interested in then the above mentioned?

For this article I conclude with a price chart of the $FUR token from last month, which seems to stay stable at around 5.50 USD since the 18th September:

Team link

Are you also interested in gaining 2.5% daily on your investment? Are you looking for a team to join or just like to follow me on that Defi journey? You are very welcome to join me by using below link:

https://app.furio.io?ref=0xb3C253D80578f569cFd4fe2E916EDbF01B384577

Furio – Reward levels compared – How much can you earn?

23. September 2022 by digital-coin.net Leave a Comment

Yesterday I achieved the milestone of earning 2.5% daily on my initial investment in Furio. This is the highest level in their dynamic reward system and you can achieve it by not claiming/withdrawing from the ecosystem in a 28 days period.

For today’s article I am interested to see how much my investment and daily reward change over time gaining not only 1.75% but 2.5% per day. To complete the picture I calculated actually all the various levels Furio offers, starting with 0.5% up to the 2.5%.

As initial deposit I used 20 tokens given the current price of roughly 5 USD, so around 100 USD. Yes, you would have to buy more tokens, as you have to consider the buy and the deposit taxes of course. But to show the differences in the scenarios we keep it simple here. Also I didn’t consider the short period where you would get 1.75% and then you go down to only 0.5% for simplicity reasons.

So we have the scenarios with 0.5%, where you claim 4 times a week, 1.0% with 3 weekly claims, 1.25% with 2 weekly claims and 2.5% with only re-compounds until the 27’777 tokens (360% limit or 100’000 limit of tokens as per Whitepaper) are hit and then you claim with 0.5% for the remainder of the year. I added the values only in tokens, as I don’t have a crystal ball to see what the price of the $FUR token will be in a year. It is already quite interesting to see.

You have to probably zoom into the table to catch all the numbers:

As you can see, if you are patient and keep on re-compounding on a regular basis (or use auto-compound), you can build up quite a significant deposit and are able to withdraw a significant amount of tokens on a regular basis. If you use the 2.5% daily reward for a year, you can with a deposit of now around 100 USD you can withdraw 142 tokens daily after not even 300 days. At current price level around this is about 700 USD on a daily basis once you reach the 27’777 limit of $FUR tokens. Quite a valuable investments money and also time-wise if you ask me. Worth giving it a try, don’t you think so too?

Team link

https://app.furio.io?ref=0xb3C253D80578f569cFd4fe2E916EDbF01B384577

Furio – Finally part of the 2.5% daily reward club

22. September 2022 by digital-coin.net Leave a Comment

Furio has deployed a (unique) variable rewards programme. Mostly to protect the future of the Furio ecosystem. The way it is designed it honors positive action (= re-compound) which benefits the ecosystem and with that everyone invested in Furio. The system looks like this:

In short the more you re-compound the higher your daily reward, up to 2.5% of daily profit. The reward system punishes you if you claim more often. As yo see in the screenshot above if you claim more then 3 times a week within a rolling period of 28 days, you will end up with 0.5% rewards. It will take you then again another 28 days to move up the ladder.

For me the milestone to get the 2.5% reward, the highest reward level Furio offers, was finally today. I compounded pretty much every day for the last 28 days. Yep, I forgot it a few times, I think it was about 2 times where I compounded 12 hours too late, but this didn’t impact my move to the highest reward level as it seems. I never claimed any of my rewards obviously, as this would have had a negative impact moving up to the 2.5% level, if you remove liquidity from the system.

This move from 1.75 to 2.5% daily reward means roughly a 50% increase of the daily reward. This is quite significant increase on a daily basis and a great way to increase your investment within the Furio ecosystem.

I will provide an update shortly on how this impacts the increase of an investment in the long run. I am really looking forward to these numbers myself and expect quite a (even more) positive effect. Stay tuned.

Team link

https://app.furio.io?ref=0xb3C253D80578f569cFd4fe2E916EDbF01B384577

Drip and Furio are great inflation hedges

20. September 2022 by digital-coin.net Leave a Comment

If you are interested in your wealth and financial topics in general, then you probably heard about the increasing inflation in the western world. USA got around 8.3%, the European Union reach 10.10% in August 2022. This is quite significant, as it means that your Dollar or Euro savings decreases in value over time.

What is inflation in simple terms?

Have you ever felt like everything you buy is getting more expensive? That exactly is inflation. It occurs when the prices increase across an economy. When you end up with less in your shopping basket for the same amount of money. When your purchasing power of your money, be it USD or EUR or any other currency, decreases over time.

Why do we have inflation? There is a quote from Milton Friedman “Inflation is caused by too much money chasing after too few goods”. Why do we have too much money? The governments had quite a few significant events to react to in the last couple of years to keep the economy stable: real estate bubble burst, southern Europe country bankruptcy e.g. Greece, C-pandemic to name just a few. Usually the governments got only one answer to these kind of events: Printing lots of new money to solve the problems. And print even more money. This works in the short term. There is barely any noticeable side effect also in the midterm. But in the long term it means more money, same amount of goods. So the goods get more expensive as there is more money around to purchase these good. People are willing to pay more. This is increasing the prices. Slowly, but surely. It is actually quite simple.

So what can you do to keep your wealth?

Inflation hedge

There are probably several way to defend your wealth in a inflationary environment. Either you have to invest in goods whose value increases in line with inflation, many investors consider gold as a great inflation hedge. Although if you look at the gold price in the last couple of years, this did not realize yet if you look at the gold chart.

The other way is to have an investment producing a cash flow beating inflation. With traditional investment vehicle this might get quite difficult or you have to increase your risk appetite drastically. This could also result in losses obviously.

This is where systems like Drip and Furio are coming into the game. I see these Defi system not only as great investments in general, but also as great inflation hedges. Why?

Drip and Furio as inflation protection

It is quite simple again: As we just learned together, to protect your wealth from decreasing in value due to inflation, your earnings have to beat inflation. This is currently between 8 and 10% annually, depending where you are located of course. How much profits do we make with Drip and Furio again? Exactly, more then the 10% per years.

With Drip providing us with a daily 1% reward, we can beat inflation within 10 days. Assuming the token price stays stable.

With Furio, if you reach the max. level and you gain 2.5% on a daily basis, you need only 4 days to beat inflation. Here again assuming the token price remains stable.

And if you keep compounding for more then just the 4 and 10 days respectively, you will beat inflation by light years.

What you have to keep in mind is that great profit comes also with certain risks. I wrote an article, many thanks to all the feedback I got, exactly about the risks I see in these systems and how you can mitigate them. Here is the link “Drip – What are the risks?”.

Team and buddy link

Looking for a team to join or just like to follow me on that Defi journey? Or simply want to support me? Please use the links below. Thank you.

https://app.furio.io?ref=0xb3C253D80578f569cFd4fe2E916EDbF01B384577

https://drip.community/faucet?buddy=0xb3C253D80578f569cFd4fe2E916EDbF01B384577

Cointiply – Best strategies to profit the most

16. September 2022 by digital-coin.net Leave a Comment

As per my previous article about Cointiply you got various ways to collect points to earn money on the platform. Some work better then others in my opinion. And with that I mean the effort/profit ratio various a lot. So what works best to get most out of the Cointiply platform in my opinion?

Surveys, surveys, surveys

As you might have guessed based on the headline, there is no way around completing surveys. Yes, you have to spend some time on them, but at the end you get rewarded with the best score. The longer the survey takes, the more points are offered. Not only absolute, but also relative. So you got the best effort/profit ratio there.

I made the best experience with “Yuno Surveys Direct” and “Theorem Reach” offers. But that was only me. Try all of them and find your personal favorites.

Strategies and tips

What is the best strategy to complete the surveys and get rewarded?

Read the questions thoroughly as there will be control questions included. They are mostly simple math tasks or you have to choose a certain item from a list.
Answer honestly. Not only are control questions included, there are also cross check involved verifying that you provide consistent feedback. Simple example is by including the same question twice within the survey. Or the opposite question, where also the opposite answer is expected.
Some providers include a quality score per user where they use quite advanced techniques to find out if your answers are consistent (and with that honest). If you provide feedback to a certain topic or lets say about a certain product, the provider expects replies with a certain subject matter expertise. Not only just some generic high-level feedback. This could lower your quality score, which you lead to be excluded by some providers.
Timing: There also seems to be a difference in the number of points you can earn depending on your time in the day. So check back regularly, if you can earn more points later in your day or also earlier.
If you do not get rewarded for a survey, open a ticket in the Cointiply support area and provide evidence about the completion. The guys are very helpful and do respond quickly.

In a nutshell

The better your answers, the higher your quality score, the more offers you get from the same providers, the more points you get rewarded, the more money you can earn.

Hope these tips are helpful to earn some additional points and more money from the Cointiply platform. Got any further tips? Feel free to leave a response.

Don’t have an account on Cointiply yet? Please feel free to use my referral link: http://cointiply.com/r/XeGvg

Furio – Some updates on this Defi Champ

14. September 2022 by digital-coin.net Leave a Comment

I am using Furio now for a little bit over 3 weeks and wanted to give you a some updates on what changed and what I learned since then:

Compound daily:

Drip provides you with 1% daily. No matter how often you claim. If you hydrate twice a day, because you cannot expect to compound your rewards and see your balance grow. Or if you just re-compound once a week, the rewards remains (roughly) the same.

Unlike Drip, you have to re-compound on a daily basis. Why? Your reward will not increase any further after 24 hours, I realized. Once you hit your reward amount, be that 1.75% or 2.5%, once that limit is reached, your reward is not growing anymore until you re-compound. Be aware of this and make sure you compound daily to profit as much as possible.

Ok, but I really don’t have the time to do that or I am not willing to spend that time. What can I do in these cases? Furio got you covered here.

Auto Compound feature

This is a really useful feature invented by the Furio team: Instead of you manually claiming your daily reward, you let the system do it yourself. You select the number of periods to auto compound, it shows you how much this costs in BNB, you pay and lean back. The system does it all for you. Isn’t that great? Pure passive-income I would say.

And the best thing: The team just lowered the fees the other week to 0.003 BNB. So as you see from below screenshot, I selected 4 “Auto Compound Periods” cost 0.012 BNB.

Is the feature worth it? I guess that is up to you to decide. Depending on your time and will to claim manually or not, how much you got invested in Furio, how many wallets you are managing, and so on.

Update website

The team is also continuing to update the user interface. As example the header got introduced showing you current balances in $FUR, USDC and your vault balance.There is also a link to the main site and the white paper. Sounds like a little update, but it gives the overall user interface somehow a lean and even more professional look in my opinion.

My first 28 days are almost over. Lets see, if I reach the 2.5% level going forward. I keep you in the loop.

Team link

Looking for a team to join or just like to follow me on that journey to the destination “Furio”, please feel free to use my referral link below. Everyone is very welcome here.

https://app.furio.io?ref=0xb3C253D80578f569cFd4fe2E916EDbF01B384577