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Furbot – Furio trading bot and new NFTs

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As promised in yesterdays article, let me summarize one of the latest developments on Furio and its ecosystem. Any feedback on that article about statistics around Furio and your interest is appreciated. If you haven’t read it yet, please take a minute or two and do so. Thanks for your time.

So, on to the topic about Furio developments. What are the big news around Furio besides the Liquidity Management Service (LMS) that is making contributions to the ROI Dapp?

Furbot

The Furio Dev Team (FDT) evaluated various trading bots in various markets in various combinations to achieve not various, but best results. The evaluation concluded with a combination of bots resulting in an average profit of 8 to 10% per month. So what does that mean?

The FDT will put two trading pools in place: A closed Pool (Pool 1) only open to and supporting the LMS. 20% of the LMS will be used in Pool 1 and all the profits will be transferred back to the pool.

Then there is another pool. Pool 2 or Open Pool, available to the members of the community. All members? The membership requires you to be an owner of an NFT, which is not yet available. Furio will host a sale on 11th October at 5PM UTC (mark the date in your calendars) where you will have the choice to buy such an NFT. The first 30 minutes are exclusively for the 2.5% club members and there is no restriction on how many NFTs you can buy. The sale is open for 24 hours. Here is an article how I achieved the 2.5% reward to be also club member and have an advantage.

Open Pool profits

Why should I buy such a NFT? You mean besides the track record the FDT got already? Lets have a look on what is known so far:

The trading profits will be distributed for the first time at the end of November: 50% of the profits will be distributed to NFT holders. Quite a big junk of the profits it looks like. 20% goes back into the LMS and another 20% will be re-invested (re-compounded as it sounds like). The remaining 10% are for management and maintenance fees of the bots.

The FDT gives various examples on how much you can profit from your 200 USDC NFT investment. At the end, it heavily depends on the markets and the trading bots performance of course. If the evaluation results stay consistent between 8 and 10% then you can expect a profit of about 4-5%, as only 50% gets distributed to NFT holders, so around 8 to 10 USD per NFT. With the compounding effect, this should and will increase over time.

NFT holders also seem to have the option to either withdraw on a monthly basis or accumulate (not re-compound) to safe gas fees and withdraw the profits from the past month in a single transaction.

There will also be a marketplace to trade NFTs called Furo Marketplace with a trading fee of 2.5%.

The future

This is already very bullish news for me. Yeah, even more bullish. But there is more in the pipeline: The FDT even intends to create trading bots with different risk profiles. How awesome is that? So if your risk appetite is low, not sure if Furio is the right place for you then, you can just use the conservative pool. If you like to increase your risk, just choose another pool to participate. There is not yet much more information know of these different profiles and the performance. Lets see if the team shares any updates on the topic soon.

So all in all, the future looks very bright for us Furio investors.

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 and address:

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

Team address: 0xb3C253D80578f569cFd4fe2E916EDbF01B384577

Furio ecosystem statistics – End September

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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:

Statistics30.09.2022
$FUR Price5.52
Vault # of Participants6’351
Vault Deposits Count14’753
Vault Deposits Value1’040’691.21
Vault Compounds Count335’292
Vault Compounds Value3’542’371.03
Vault Claims Count19’908
Vault Claims Value484’077.84
Vault Transactions Count383’973
Vault Taxes paid361’001.59
Furpool # of Stakers451
Furpool Total Staked207’174.41
LP Price4.74
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?

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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

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 – Finally part of the 2.5% daily reward club

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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

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

Drip and Furio are great inflation hedges

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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

Furio – Some updates on this Defi Champ

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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

Back to 2021 – What if I invested in Drip back then

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As a big fan of the Back to the Future movies I always liked the imagination of journeys across the time. If you never watched these movies, you missed something so far. Go and check them out. They are great.

Today we don’t want to talk about the movies. Today we will ran an simulation on what would have happened with a Drip investment deposited at the very early stages of the platform. The article I published yesterday inspired me to ran this simulation. Lets jump back in time. To 31st July 2021, to be precise. The Drip token sold for 31.54 USD according to coinmarketcap.com. Let’s invest into it.

By today we would be invested into Drip for 397 days. Everyday would have provided 1% of profit so far. Lets also assume we never claimed our profits, but re-compounded every single day. Even if that wouldn’t be the case, our analysis here showed us, that the delta wouldn’t be that big. There is no downline for simplicity. How would our investment look like today on the 31st August 2022?

Below you see 3 scenarios, the only difference is the initial investment amount: Once with 100 USD, 1’000 USD and with 10’000 USD. We bought the tokens on 31st July and claimed our first reward on 1st August 2021.

Even by the current low price of 7.69 USD per token we would still see an increase of around 11x in 13 months time. I think this is still very impressive in the current market environment. The daily reward claimable would be also quite interesting, depending on your initial investment of course! You could for sure make a living out of this money, if you would have invested more then 10’000 USD originally.

Conclusion

The key factor with Defi investment like Drip, or Furio, as we talked about the other day, lies probably a) in time, you have to invest as early as possible to profit from the re-compounding effect as often as possible. And b) your investment needs to have a certain size. Investing only 100 USD into Drip even at the very first day, doesn’t make you a millionaire nor allows you to claim a decent salary regularly from the system. No risk, no fun is coming to my mind. Seems like this is or better was the case here too. Looking backward is always easy, I am aware.

So is it too late to invest and profit in the long term? I personally don’t think so, that’s why I joined the system a short while ago. But you have to decide that on your own, if you like to join me and many others on that journey too.

Buddy/Team

If you are looking for a buddy and/or a team, feel free to use my link below. You are welcome to join:
https://drip.community/faucet?buddy=0xb3C253D80578f569cFd4fe2E916EDbF01B384577

14 days into Drip – Did I make profit?

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I joined the Drip community exactly 14 days ago.Lets have a look how my investment did within these two weeks.

Recap: On 16th August I bought 10.65 Drip Tokens by investing 100 USD into Drip (article here). I deposited the tokens obviously into the Drip Faucet to profit from the 1% daily reward the Drip system is providing. The token price was around 9.70 USD on that day. How do things look like today?

Token price

The Drip token came down in price like pretty much all the other coins and tokens as well in the last few days. Bitcoin was around 23’900 and is this morning around 20’300 USD. Drip was around 9.70 and is now at 7.67 USD. So the token itself lost around 20% in value itself. How much did my overall investment in Dollar decrease with the (almost) daily compounds?

I do currently own 12.08 Drip tokens. So I gained additional 13% in tokens by the compounding mechanism. Which makes sense, as I compounded 1% every day in the evening, but not yet today, as it is only in the morning. So straight profit of 1% for every single day.

What about the value in US Dollars? As we saw above, the token price decreased to 7.67 USD. This is a reduction of about 21%. My tokens increased by 13%. And given these numbers my overall investment is worth 92.65 USD. This is a loss of a bit more then 7% at the moment.

Conclusion

I probably didn’t enter the market at the best time, as the Drip token value decreased pretty much soon after I joined. That happens always to me. To you as well? As everybody knows, you will never hit the perfect timing in any market cycle, so I (and we all) where aware of these risks (read my article here). I actually I think the daily compound is a good mitigation measure against the current bear market. Perhaps not in the short term, but I am pretty sure that this will play out well in the long term. I am very interested to see how this plays out going forward. Update will follow.

Will I increase my investment? Like with all my other coins I will probably DCA (Dollar Cost Averaging) into Drip too to bring my average buy price further down. You might do the same on your end, if you are already invested. And if you are not yet into Drip, this could be a good time to start and earn some passive income.

Buddy/Team

If you are looking for a buddy and/or a team, feel free to use my link below. You are welcome to join:
https://drip.community/faucet?buddy=0xb3C253D80578f569cFd4fe2E916EDbF01B384577

Drip – What are the risks?

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Lets continue on our Drip journey. Today we will look at the risks involved when joining the Drip network. Shall we?

Rug pull

As your initial investment is locked forever, the devs could just run away with all the funding deposited and enjoy the rest of their life. Given the fact that Drip is already operating for over 12 months successfully, I would rate his risk as very unlikely. Rug pulls usually happen at the very beginning of a project, shortly after the tokens are sold, all the investors are full of hope, the price of the token is shooting up and ….. the team with the money in their pocket runs away. As said, very unlikely at this stage of the project in my humble opinion.

Tax pool liquidity

What happens if the whole system runs out of liquidity? Lets remember the Drip whitepaper: All transactions are taxed with a 10% fee. There is even a whale tax applied. Initial investments are locked. So all new buyers add liquidity, all transactions provide liquidity. But never the less, the system has to provide 1% reward on a daily basis. This sums up exponentially. Even if the price chart shows that some momentum is back in Drip, all the transaction fees need to still take care of all the daily rewards. So in my opinion this is the biggest risk in the systems and with the highest likelihood in my opinion.

As per the white paper there is the option, if the tax pool should ever be in the situation where there are not enough Drip tokens available, that new Drip tokens can be minted. This would be then an inflationary measure, the overall Drip volume will be increased, which would lead as to the following risk.

Token price

Well, I guess this risk exists with all crypto investments. No matter how many tokens you earn over time, if the price goes down to zero, your investment is also worth zero. How likely is that? Lets have a quick look at the current price start since Drip’s launch:

As you can see, Drip’s all time high was around 160 USD. Currently the price is less then 10 USD. The price went even up from 5 to 10 USD recently. How likely is it nowadays that the price goes to 0? Unfortunately I do also not have a crystal ball as well, and a price drop is again possible. Although I think chances of profiting are at this price level way higher then loosing again. Even if the price falls down in the short term, with the compounding feature one should still earn money if the entered the game at such a low price. So price drop short term is likely, but mid to long term I see this also as unlikely.

Is there any other risk out there which is not listed here? I would appreciate to read your feedback. Lets learn together.

Mitigation measures

So what can we do to minimize any potential loss? I guess the general rule for all investments applies here too: Invest only money you can afford to loose. Not more. And in addition, to not always re-compound your rewards, but take some profits from time to time as well. At least that much to get your initial investment back. You can use this to start the next project.

Buddy/Team

If you are looking for a buddy and/or a team, feel free to use my link below. You are welcome to join:
https://drip.community/faucet?buddy=0xb3C253D80578f569cFd4fe2E916EDbF01B384577

HNW Refinery – 90 days – How much did I earn?

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Remember my article back in May? When the crypto world was still in paradise. A few days later the Luna crash occured. the rest is history.

So time to review how my investment into the HNW refinery is doing. Lets recap quickly: I bought 100 tokens at 0.37 for a total of 37.55 USD. Removing the buy tax costs I ended up with 95 tokens which I deposited into the refinery. What happened since then?

Well, as you can imagine the token price of HNW is not where it used to be anymore. Similar as all the alt-coins the price of the token decreased drastically. Not as bad as some alt-coins which are down 99%, but it is down 90%. Checking the dashboard this morning the prices is at 0.039 USD.

How money tokens do I have? Remember, the refinery pays between 0.8 and 1.2% daily rewards.As I didn’t buy any xSK tokens (yet) I got 0.8%. I didn’t claim on a daily basis given the fee costs, but claimed regularly. So how does my dashboard look like?

As you can see my amount of tokens increase quite a bit: From 95 to over 700 tokens. Of course, given the price reduction of 90%, and a token increase of around 700%, still gives a loss overall. I invested 37.50 USD, the investment is currently 27.59 USD worth.

What next? Well, given the increase of the tokens with pretty much no effort, just pressing the button every couple of days, I will definitely continue growing my tokens. Should the overall value of the crypto market increase in the coming months then I expect to be in the profit zone pretty soon.

If you like to join the journey, please feel free to use my address as wingman:
0xb3C253D80578f569cFd4fe2E916EDbF01B384577

If you need guidance on how to be part of the refinery, please have a look at my previous article. There is a step-by-step tutorial in there.

Any feedback or questions? Always welcome and appreciated.