Author: digital-coin.net

Furio Statistics November 18th

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Welcome to another iteration of our Furio statistics article series on November 18th. Some interesting movements in the Furio ecosystem happened this week. Lets have a look at these together.

The $FUR token sits currently at 4.49 USD, which is on the lower end of the LMS (Liquidity Management System) range, which intends to keep the price between a price of 4.50 and 5.50 USD. If you look at below screenshot you see the constant up and downs around 4.50 in the price chart from CoinMarketCap.com USD. Quite interesting to see the on-going action.

Furvault

Probably as expected in the current market environment we are in, there was again a slower increase in number of new investors (wallets) in the ecosystem. Still, 397 joined the Furvault, which is still another increase of 3.5%. That is still more then 50 new investors on a daily basis.

Deposits-wise we saw an increase of 4.9% in the vault, meaning existing investors increased their deposits. Might be related to the lower price of the $FUR token currently, so people took the chance to increase their vaults. Quite a wise decision if you ask me.

Comparing deposits and claims this week, we see again a shrinking gap: 1.7m of deposits versus 1.1m of claims from the vault. Last week it was 1.7m vs 0.93m. Claims increased by almost 21% in other words. Although this could be linked to the newly introduced functionality of claiming directly into the Furpool, as the number of pool-investors raised quite a bit, if we look at that in a little bit.

Furpool

As just mentioned above, the Furpool saw a drastic increase of investors this week: An additional 115 investors provided liquidity or in another words an increase of more then 13%. Again, I suppose this is due to the new functionality to claim directly in the Furpool, but also due to the extended staking options of 120 and 150 days lock periods with additional incentives of 15, resp. 20% boost of rewards.

On the other side we see a drop of the total staked amount by 6.5%. I guess this is simply due to the token drop currently.

Furbot

Interesting movements on the Furbot side: Furbots balance got topped up again by 1.5m USD to a total of 2.8m USD in total deposits overall. While we saw some quite positive trades last week, this week was not yet successful for Furbot. Just have a look at below chart. A little profit was earned today, although this doesn’t make up it up for the trades from the other days. Profit-wise Furbot is looking at an overall loss of 8.03% or 227k USD in total.

Conclusion

To keep it short: Furio ecosystem overall is still growing and the LMS is doing its job keeping the $FUR token in the targeted range.

Any other views and feedback are more then welcome.

With that I wish everybody a great weekend and thanks again for reading.

Team link

Are you also interested in gaining up to 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 and address:

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

Team address: 0xb3C253D80578f569cFd4fe2E916EDbF01B384577

Furio – Claim directly to Furpool (incl. more staking options)

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Some updates on Furpool were communicated by the FDT (Furio Development Team) worth writing a short article. So what has changed?

Furpool offered so far boost staking periods of 30, 60 and 90 days. In the current marked conditions there were many requests to the dev team asking for longer and higher rewarding staking periods. And this is another aspect of Furio I like: They listen to their users or investors and are offering now exactly what people have asked for.

So what are the current staking periods and how much can you profit?

  • No fixed staking period, you get a share of the daily rewards pool distribution based on your staked share of the pool as it used to be.
  • 30 days staking: 2% boost of your daily share
  • 60 days staking: 5% boost of your daily share
  • 90 days staking: 10% boost of your daily share
  • New: 120 days staking: 15% boost of your daily share
  • New: 150 days staking: 20% boost of your daily share

These are quite appealing boosts you get on your daily share for the new staking periods, especially given the current market conditions.

To make staking easier for everybody, the Furvault offers now an option to claim(!) directly into the Furpool. See below screenshot with the new green button.

I guess every bodies question is straight forward: Does this effect my compounding ROI if I use it? And the answer is also straight forward: Yes, it does. So be careful with using the new functionality if you prefer on your high ROI of 2.5% as example: Claiming directly into the Furpool will also lower your ROI.

Team link

Are you also interested in gaining up to 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 and address:

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

Team address: 0xb3C253D80578f569cFd4fe2E916EDbF01B384577

Furio Statistics November 11th

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Another week, another Friday, another article about facts and figures around the Furio ecosystem. This is the seventh week of collected data and I am happy to see that all of the charts show an overall upwards trend. Even Furbot is this week on the positive side. But lets take one step after another. Ready? Lets go.

Our beloved $FUR token is at the upper end of the LMS (Liquidity Management System) range with 5.45$. Remember, the range is set between 4.50 and 5.50$. Hitting the lower or upper side and the LMS is either buying or selling the $FUR token to keep it stable within the range set.

Furio Vault

The Furio Vault is still growing. Not as fast as it used to grow in the last couple of weeks, I know it is hardly visible in the chart below, but compared to the other weeks, it grew “only” 6.9%, while we were used to a 9% or even higher percentage in the past. I didn’t collect daily stats, but assume there were less investors participating after the steady market decrease yesterday (Thursday), when Bitcoin went down to less then 16’000 USD. And with Bitcoin the rest of the market followed.

With that we saw also less capital deposited in the vault. 90’000 additional net new money entered the vault, while we saw 120’000 and more in the past. This shouldn’t be complaining, but if you regard it as such, it is on a very high level. Furvault is still growing, even in these times of a bearish market, with the Fear & Greed index being in the “Extreme Fear” range with 25.

We also saw an increase in the claimed value this week: It increased by 16% compared to last week. This is quite a bit higher as in the past where we saw increases between 10 and 12%. Again, I guess this has to do with the market conditions; having liquidity in these market conditions can lead to very good opportunities (if you got the right timing…..).

Furpool

Similar movement for the Furpool: A steady grow of stakers, but the curve has flatten for this week as well. Not only the number of investors grew less then the last weeks, also the additional staked capital increased this week by 7,8% compared to 9.1% last week or 28% before that. This is clearly visible in the chart. Still an increase overall.

Furbot

This week was very profitable for Furbot Closed Pool. Just look at the chart below. It needed just a couple of profitable days and Furbot is now – even absolute – in profit. A small profit overall still, but it is profitable. Currently only 0.25%. But if it can keep the trend with the positive trades, there will be a bright future for Furbot.

There was not a single sale for the NFTs this week. I hope with the more positive news about the trading results, hopefully also going forward, we should see more sells of them more often again.

This reminds me to include the open pool then as well going forward. Assume, all NFT holders (including myself), would be very interested to see how that pool will develop.

Conclusion

To conclude: The crypto market saw a few challenging days this week. Even with these black swan events (FTX anyone?) Furio is continuing to grow. On a smaller scale this week though, but the overall ecosystem is still growing. A great sign for all of us as investors. I am also glad to see positive trades for Furbot and keep my fingers crossed for more positive trades in the coming week(s). We will for sure have a look at it next Friday.

I wish you all a great weekend. As always, feedback and comments are more then welcome. Thanks for your time.

Team link

Are you also interested in gaining up to 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 and address:

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

Team address: 0xb3C253D80578f569cFd4fe2E916EDbF01B384577

Furio Statistics November 4th

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First let me thank you for all the responses and feedback I got regarding last weeks statistics article. Those were really appreciated. Love it when everybody shares theirs knowledge and we all can learn together. Learning is the key to get improve. Many thanks for this.

Now on to this weeks numbers:

The $FUR token is a 5.47 USD currently, slight increase. And as some of you guys pointed out correctly, it will remain within the range of 4.50 and 5.50 USD given the LMS (Liquidity Management System) will sell when it reaches the upper limit (or buy on the lower side of course). So we are on the good side being close to the 5.50 USD limit is the conclusion here.

Furio Vault

The $FUR vault keeps on growing on a weekly basis. Also this week another 900 new investors (or wallets to be probably more precise) deposited tokens in the Vault. An increase of 9.2% again; slight smaller increase then last week where we had over 10% growth. The Deposits increased by exactly 10% of net new money, while the compounds grew by 12.1%. We also saw more investors claiming $FUR tokens, 6.5% more compared to the previous week. Comparing the claimed amount of 799’208 to the deposited of 1’631’068 we see that still much more money is flowing into the overall ecosystem. We can still say Furio is growing a lot. That is even without considering the taxes.

Also the taxes increase constantly, in line with the rest of the ecosystem, by again a bit more then 14% supporting the overall platform.

Furpool

Same story as we just saw for the Furvault goes for the Furpool: Another increase of investors by 10% also this week. The total amount increased by a similar number of 9%, a bit smaller though, meaning mostly investor with slightly smaller bags joined the pool to support it.

Also the token price is this time updated. Thanks for all the feedback regarding the Pancakeswap bug showing a wrong number, I wasn’t aware of that. Last weeks number got updated and remains almost the same for this week at a price of currently 4.75 USD.

Furbot

Looking at the Furbot figures it is worth highlighting that the Furbot received much more liquidity to work with: We saw so far a deposit of about 500k USD as the bots balance. This got increased by 160% up to 1.3m USD. At the same time we see in the below chart (I am using the profit chart going forward, as this is what we are probably most interested in) that the performance of the bot increased as well. Looks like there were some profitable trades lately. I guess a combination of additional liquidity and market environment. This still leaves the overall profitability of the bot a -2.08% for the first month.

NFT-wise there wasn’t much movement as only 2 were sold this week. Well, we discussed this a couple of times already; not much more was expected given the bots performance so far. Fingers crossed that this will increase now going forward, I guess some tuning of the algorithm will happen too, and I am sure the NFT’s will sell more quickly.

Conclusion

All in all another positive week for the overall Furio ecosystem with a constant growth again. With that I conclude for this week and thank you again for your time reading the article. As always feedback and your opinions are very welcome. Thanks in advance. Enjoy your weekend.

Team link

Are you also interested in gaining up to 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 and address:

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

Team address: 0xb3C253D80578f569cFd4fe2E916EDbF01B384577

Furio Statistics October 28th

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Time is running fast and we got already end of October. October 28th to be precise. Time for another close look at our (or at least mine) favorite Defi ecosystem: Furio. I collected already a month worth of data, so lets see how things developed during that time.

First thing standing out for me was the $FUR token price: It decreased by 4 cents. This isn’t a lot of course, but looking back a month, it decreased by 7 cents. Nothing of concern to me (yet), but of course something to watch out for going forward. If you compare this to the current overall crypto market, then I would have expected an increase in value. Bitcoin as example increased from 19’200 to currently 20’500 USD. Would have loved to see a similar development of the $FUR token to be quite honest.

Furio Vault

On the other side the Furvault keeps on growing constantly. This week we saw another increase of more then 900 new joiners. Another jump of more then 10% again. Look at the number by end of September (6’351) to today (9’827); the vault grew by more then 50%. This is a huge success for Furio. Weekly deposits increased by 9.2%. This is a smaller increase compared to the new joiners. This means smaller deposits were made by these 900 new joiners or existing users compounded more instead of having increased their investment. The compounds value increased by almost a million, compared to last week where it was 847’000. This supports the assumption that participants compounded more often.

The transactions, producing taxes, increased by the same percentage number as last week, by 12.4%. Although value-wise it increased to 14.6%, meaning higher valued transaction were processed and taxed.

Furpool

Another week, another significant increase in the Furpool. This week we saw an increase of new money by 28%. This is an increase of more then a quarter. 76 new investors joined the pool. Either they brought in more money then the average investors before, or existing investors increased their deposits to Furpool quite a bit. On the other side we see the LP token price having lost 50% of its value by the time of writing. It is currently priced at 2.37 USD. It used to sit at a stable level of around 4.74 USD. Anyone got further details on the driver here out of interest?

Update October 29th: As per feedback from various readers, many thanks, there seems to be a bug in the Pancakeswap-Pool UI, hence a wrong price is (still) shown. The price of the LP token is around 4.74 USD.

Update October 31st: The LP price shows again 4.74 USD.

Furbot

Last but not least, lets review the numbers around Furbot. Another batch of 208 NFTs were sold this week, increasing the total amount of sold NFT’s to 1’407 overall. The total available supply is still 5’000.

The performance of the bot itself isn’t really improving yet, despite the markets being on the rise (temporarily at least). The absolute profit figure sits currently at -13.29%. From the initially deposited amount of 500’000 USD, the current balance got reduced to about 433’529 USD. You see the performance chart below.

I repeat my statement from last week: I hope to see the performance of the bot getting tuned and improved. With that the number of sold NFT’s would for sure increase. And it would help the LMS (Liquidity Management System) too, as 20% of the Furpool capital is used in the closed pool for Furbot. Looking forward to next weeks number already.

I guess with that we conclude as we covered pretty much everything for the week. Many thanks for your time reading the article and have a great weekend.

Team link

Are you also interested in gaining up to 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 and address:

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

Team address: 0xb3C253D80578f569cFd4fe2E916EDbF01B384577

Furio – 2 months – How do the profits look like?

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This morning I thought about Furio and how long I am invested in the ecosystem already. By coincidence it was exactly 2 month ago, August 24th, where I invested and wrote my first article about Furio. Lets take this as an opportunity to see what happened since then and how my investment of 100 USD did so far.

Here is the original article from August, if you are interested to have a look: Furio – Another place on our journey to make millions(?).

Let’s recap a few facts (you know, I like facts):

  • I invested 50 USD and started with around 5.9 $FUR tokens
  • Compound interest started with 1.75% as everyone else in Furio
  • I compounded regularly and never claimed, so went up to 2.5% after 28 days
  • This is my 15th article about Furio
  • I got a team of 7 (welcome and thanks for joining)
  • I bought 1 team NFT for 5 $FUR (that’s the other 50 USD in case you were wondering)

So overall my investment costs were a little over 100 USD, for the $FUR tokens to deposit and the team NFT. 100 USD is what I usually invest if I start exploring a new project. So Furio was no difference then others in the beginning. The $FUR token price was around 8.24 USD. That was before the LMS (Liquidity Management System) was put in place by the dev team.

Per today, after about 2 months or around 65 days, and I just re-compounded right now, I got exactly 89.7 $FUR tokens in the Furvault. I got rewarded around 43.4 tokens from my team over time and compounded 40.3 tokens regularly with mainly 2.5%. These 2.5% make a huge difference if you compare it to other systems with 1%, just as a side note.

At the time of writing the token price is 5.48 USD. So my overall investment in the Furvault currently is worth around 491 USD. The compound today was 2.18 $FUR tokens, which is almost 12 USD. If I would start claiming my tokens I would drop to 1.75% immediately (I will not do this). This would be 1.57 $FUR or 8.60 USD. Quite a difference from 2.5%.

Overall, Furio is still my favorite Defi platform right now and I will keep compounding and profit from the 2.5%. How long? I don’t know yet to be honest….

Team link

Are you also interested in gaining up to 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 and address:

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

Team address: 0xb3C253D80578f569cFd4fe2E916EDbF01B384577

Furio statistics October 21st

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Another week, another look at the Furio ecosystems from a numbers perspective. Numbers don’t lie, as we know. So here we go with the numbers from today, October 21st:

As always we look at the $FUR token as the first number. As this is in my personal opinion the biggest risk in the whole system. This continues to look good. Furio is doing a great job keep the price stable since early October.

Furio Vault

The vault continues to grow. This week 894 investors joined, this is an increase of 11.2%. That is even a bigger step forward then the week before, where the vault increased by 10.9%. Also the deposit transaction keep on growing by an additional 11.7%. This is always a good sign if the deposits increase more then the number of new joiners. It shows the trust of the existing investors, if they increase their stake in the ecosystem. The opposite, the claims, went up only 5.8% in comparison. This is a bullish sign for Furio as there is way more money flowing into the vault then leaving.

The transactions, producing taxes, increased in an expected range of 12.4%.

Furpool

The Furpool saw again a significant increase in net new money by 22.7%. That is a bit lower then last week where we had 25.4%. The number of investors increase by 94 or by almost 16%, compared to last week where almost 18% joined the Furpool. LP price stays stable as well with a minor increase of a cent to 4.74 USD.

Furbot

If we continue to have a look at Furbot, lets start by having a look at the number of NFT’s sold so far. Last week, that’s when the sale opened up, 1’097 NFTs were sold. This week another 102 NFTs were sold to interested parties resulting in a total of 1199 NFTs sold so far. There is a total supply of 5’000.

Looking at the performance of the bot, 500’000 USD were deposited to start its trading activity, we are still overall in a downtrend so far with a loss of 4.25% or in Dollars 21’271. I guess the performance of the bot is inline with the demand of the NFT’s: If the performance of the bot will (hopefully) start to increase, the number of sales will go up as well. Currently, there is just no incentive to invest into it in my personal view.

If you got feedback on what other dimension I could include, or you draw other or additional conclusions based on the data provided, please comment. Feedback is always appreciated helps me to improve.

Thanks for your time and have a great weekend everyone.

Team link

Are you also interested in gaining up to 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 and address:

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

Team address: 0xb3C253D80578f569cFd4fe2E916EDbF01B384577

Animal Farm – Drip Garden – Earn up to 3.33% daily

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Animal Farm article overview

Drip Garden is probably one of the parts where all the Drip community members will stick around on the Animal Farm. Labelled as a game by its founders, Drip Garden is where you can deposit DRIP/BUSD liquidity pairs and earn up to 3.33% daily. Definitely worth to have a closer look.

Drip Garden tries to be fair to all players, new joiners, but also people being active for a longer time. It is advertised for investors looking for long-term and sustainable profits. New joiners benefit from a lower entry price, unlike other games on the blockchain.

Another important aspect of the Drip Garden smart contract is its immutable code, which is opensource and so called trustless. What does that mean for you as a user? Everybody can review the code of the contract at an time. Probably nothing a normal investor would do, but the option is there. The code can also not be changed anymore. It got deployed and with that it will stay “as is”. Not even the developers can change it anymore. Not even the website of Drip Garden is required to keep it going. Totally decentralized as one would expect.

How to get started

So how do you start playing the Drip Garden game or how do you start investing? For a garden you need plants. Obviously. You buy plants using DRIP/BUSD LP tokens. These plants will start producing seeds. When you got enough seeds you can then choose: Either you use them in your own garden (compound) or you sell your seeds to other gardeners. Your garden will then continue to produce at the same speed. When you compound, your production rate will go up overtime.

The rewards you get from your garden do vary up to 3.33%. There is a so called Fertilizer Bonus you see at the top of the Dashboard. The bonus is dynamic depending on how many times you compound, how many times you sell, but also depends on the overall gardening habits of the community. i guess we have to see, how this plays out over time, but one can assume already now that the more you care about your own garden (meaning compounding and less selling), the higher your bonus will be.

Referrals

There is a referral system behind the Drip Garden (of course): Once your wallet is connected to the Drip Garden dApp, you will notice that your referral address (this is mine) appear at the bottom of the page. When a new user buys plants after clicking on your personal referral link, the contract will send seeds worth 5% of their purchase to your garden immediately. You can then plant the seeds you earned with the bonus to grow a larger garden or sell them for DRIP/BUSD LP tokens.

Rewards

With Drip Garden you will earn SEEDS, which you can sell for DRIP/BUSD LP tokens and buy further plants. That’s how the compound feature works. Important to remember that when you deposit DRIP/BUSD tokens you are swapping them for PLANTS. You can not withdraw them anymore as LP tokens.

Rewards explained:

  • A plant is composed out of 2’592’000 SEEDS (=100%)
  • A plant produces 86’400 SEEDS per day (=3.33%)
  • It takes a PLANT 30 days to grow another PLANT (= 30x * 3.33% = 100%)

Tax

Taxes apply only to the following transactions:

  • Pair DRIP/BUSD LP on external DEX: 10% for pairing and un-pairing, no tax for wallet transfers
  • Un-pair DRIP/BUSD LP: no taxes

PancakeSwap is again an exception and you do not pay taxes to add liquidity to the system when using it.

3D Game in the works

There is also a 3D game using the Unity engine in the works. It is currently still in its beta phase (testing phase). I got an error pretty much at the beginning. You can select a character at the beginning to play with. Choose between a pig, dog, cow or horse. Give it a try, it looks fun, but I couldn’t get further then in the screenshot below due to an error. Perhaps you got more luck then I did. It looks cute for sure.

Thanks for your time reading my article. If you like, join my team below. Everybody is more then welcome to join.

Team links

Would you like to be part of the Animal Farm and join me on the journey? Please use my referral link to support my work. Thank you.

https://defi.animalfarm.app/garden/0x766D22F6595F86De27d981f5CBc00119E4B23B63

https://defi.animalfarm.app/piggy-bank/0x766D22F6595F86De27d981f5CBc00119E4B23B63

Wallet address: 0x766D22F6595F86De27d981f5CBc00119E4B23B63

Drip: If you are not yet part of the Drip Network, please feel free to join my team here:

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

Wallet address: 0xb3C253D80578f569cFd4fe2E916EDbF01B384577

Animal Farm – Dog Pound – Reduce your tax costs

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Animal Farm article overview

Being loyal is a good thing. Being loyal to the Animal Farm means staking DOGS (AFD) in the Dog Pound. The Dog Pound single asset staking smart contract will reduce transaction costs in the Animal Farm on their DOGS while providing you at the same time a dividend in form of PIGS and BNB tokens.

The idea here again is to not lock your investments forever, but using this dynamic tax system providing a form of incentive to increase your loyalty score by staking. 2/3 of all taxes collected on DOGS (AFD) transactions are swapped for BNB and paid out to stakers in the Dog Pound.

Vesting Mechanic

This is actually quite simple: The longer longer you stake in the Dog Pound, in the smart contract, the higher your loyalty score, the lower your DOGS taxes. The shorter the time your DOGS are active in this ecosystem, the lower your loyalty score, the higher your tax costs for the transactions. The driver is the motivation to stake longer in the Dog Pound to lower your taxes, which is deemed as kind of vesting to reduce your costs on the transaction costs, to have more money available to invest in other things.

Rewards

But there is more: The lower tax transaction costs are only one part of the (indirect) profits. If you compound in either the Auto Compound Pool or in the (Manual) Standard Compound Pool you will earn direct dividends over time:

  • Auto Compounding Pool: Here you will earn PIGS (AFP) tokens. The BNB tokens, although these will be automatically converted to AFD/WBNB LP tokens, are compounded in the AFD/WBNB LP core farm, where you can claim your PIGS.
  • Standard Compounding Pool: Here you will earn your rewards directly in BNB and can claim it.

Token Loyalty Score

DOGS (AFD) Token Loyalty Score is relative to the amount of tokens staked in the DOG POUND. All AFD must go through the DOG POUND pools to enjoy the tax reduction of 0.75% to 1.00% per day.

You can stake your AFD (DOGS) in either the Auto Compounding Pool which reduces your sale tax by 1.00% per day. Or in the Standard Compounding Pool which reduces your sale tax by 0.75% per day.

Wallet Loyalty Score

There is also a Loyalty Score related to your personal wallet. You can build your Wallet Loyalty Score to reduce your sales tax on all AFD tokens. This will start reducing your tax as soon as you use DOGS (AFD) in the Dog Pound smart contract.

AFD Wallet Loyalty Score refers to your wallet and transaction behavior over time and lowers your sales tax at DOGS (AFD) by 2% per month. Wallet Loyalty Score rewards are permanent and can reduce your total tax on AFD by up to 30%.

Lets assume you stake your DOGS in Dog Pound for 4 months. This is 4x 2% and you will get an 8% lower tax rate. And this is in addition to your percentage tax reduction Token Loyalty Score for all your transactions through your wallet.

Burn Mechanism

There is a deflationary burn mechanism implemented in the smart contract which reduces the total supply of the tokens over time by sending the tokens to famous 0x000 burn address. The same as other tokens are practicing their burns.

  • 3% of the sales tax on DOGS (AFD)
  • full sales tax (3%) on PIGS (AFP)

Tax

There are only tax costs on the DOGS (AFD) token when you send tokens to another wallet, sell DOGS, unpair DOGS liquidity pairs or interact with a non-native staking contract. Then the following taxes apply:

  • Buy AFD: 0%
  • Sell AFD: 6 – 90% according to your loyalty score
  • Transfer AFD: 6 – 90% according to your loyalty score
  • Unpair AFD LPs 6% on the AFD part of the pair
  • Dog Pound deposit or withdraw: 0%

Auto Liquidity

The Animal Farm introduces a new liquidity helper contract, where 25% of all deposit fees generated by deposits or withdrawals from and to farms and pools will be sent to in BUSD.

There is no scenario in which DOGS (AFD) tokens are sold or sales pressure is generated in any way to add liquidity.This new contract only accumulates BUSD and when a certain threshold is reached, it buys AFD and adds AFD/BUSD liquidity where it is locked. This should generate a consistent cash flow buying DOGS (AFD) helping with a better price performance.

The contract can also help with burning DOGS. This creates an equal value of the two assets on the contract and the assets are then paired on PancakeSwap where the liquidity is locked.

And with that we conclude the article of the Dog Pound. Thanks for your time and have a great day.

Team / Referral links / Support

Would you like to be part of the Animal Farm? Please use my referral link to support my work. Thank you.

https://defi.animalfarm.app/piggy-bank/0x766D22F6595F86De27d981f5CBc00119E4B23B63

https://defi.animalfarm.app/garden/0x766D22F6595F86De27d981f5CBc00119E4B23B63

0x766D22F6595F86De27d981f5CBc00119E4B23B63

Drip: If you are not yet part of the Drip Network, please feel free to join my team here:

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

0xb3C253D80578f569cFd4fe2E916EDbF01B384577

2 months into Drip – How much profit did I make?

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Time for a short recap on my Drip investment from August 16th, so pretty much 2 months ago. I bought 10.65 Drip Tokens by investing 100 USD into Drip (article here). Token price was around 9.70 USD back in the day. The tokens were deposited in the Faucet to profit from the 1% daily reward and compounded on a regular basis. I didn’t compound on a daily basis, but still regularly. So how does my investment look like today?

Token price

There is some movement in the token price currently. I assume probably due to the launch of the Animal Farm later today (see my other articles). The token is as per the time of writing of this article worth 6.18 USD as per the Drip page. This is a loss per token of about 34% compared to the original investment. As mentioned already in another article, I had probably quite bad timing in entering the Drip system….

Lets now see how much we profited through the 1% daily reward system of Drip in the 2 months (63 days to be precise). I just compounded to show you the current amount I got in the meantime. We started form 10.65 in August:

So per today I do own 19.22 Drip tokens. Not yet doubled, but pretty close to that. The power of compounding interest. Also interesting to see is that with the current price my overall investment is worth 119 USD. Even with the token price decrease we gained around 20% overall.

Conclusion

I still like the Drip system with its daily compound interest system. I do also expect a raise in the token price in the coming weeks and months. Mostly due to the launch of the Animal Farm providing finally a utility for the Drip token. There will be quite some marketing around the two platform which hopefully will help also the Drip token to gain momentum again. We also have to remember that the overall market conditions are still not great. The Crypto Fear & Greed Index shows 22, which is still in the “Extreme Fear” area. Given the current market conditions, my little Drip investment did pretty well with a 20% increase in 2 months time.

Team / Referral links / Support

If you are not yet part of the Drip Network and like to earn also 1% a day, please feel free to join my team:

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

0xb3C253D80578f569cFd4fe2E916EDbF01B384577

Would you like to be part of the Animal Farm? Please use my referral link to support my work. Thank you.

https://defi.animalfarm.app/piggy-bank/0x766D22F6595F86De27d981f5CBc00119E4B23B63

https://defi.animalfarm.app/garden/0x766D22F6595F86De27d981f5CBc00119E4B23B63

0x766D22F6595F86De27d981f5CBc00119E4B23B63