With the pace the Furio Dev Team is delivering lately, it feels like I am always behind with keeping you up to date. After the announcement of the Furbot, it doesn’t look like the FDT is taking a rest this month. Actually more the opposite, it looks like the even increase the speed of delivery. What is to be expected around Furio in October?
First thing done by the team is minting additional tokens for the Liquidity Management system. Isn’t this a deflationary measure you might ask? Short term it probably is. Mid-term the devs are doing this to stabilize the price of the token. Keep in mind, the LMS and the PCS (Pancake Swap) pools are separated. The FDT plans to increase the depth of the LMS to strengthen the project. The intention is to mitigate price pressure on the token and to ensure price stability, which I think is in all investors interest.
Have you bought a Furbet (not Furbot) NFT back in August? The Furbet functionality runs a bit behind given all providers and stakeholders involved in this project. Nevertheless the plan is to launch Furbet in October. There will be a bonus token allocation to all current NFT holders given the delay.
There will be big news regarding Furbot. Haven’t heard about Furbot yet? Take a look at my previous article here. So what is coming? The Furbot NFT sale will happen on October 11th, the trading bots results will be shared with the public and Furbot will start trading to support the Liquidity Management System (LMS). Really looking forward to that.
The NFT marketplace is also on the October roadmap. I hope, this will start as soon as the NFTs for Furbot are available to sell. But this is only an assumption on my side, nothing confirmed.
The Team also intends to intensive their social media activity, creating tutorials supported by animations, doing AMAs on YouTube. There is also an update to the road map planned. The team even hints at two additional gems they have ready for October. Let’s see what kind of surprises they will release.
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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
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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:
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
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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
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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
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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?”.
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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.
You might have followed my Drip journey in the last few days. And as we are already on the road through the Defi landscape, why not just visit another popular destination, which got quite some traction lately. Some of you might guess already, what I am talking about. Yes, you are absolutely right: Lets also stop by at the Furio Website.
What is Furio?
That is the main question we like to answer today. I don’t know much about it either yet, so lets explore it together. If we navigate to the the website, we see in big bold letters
Sustainable Taxation
Team Building Referrals
Compound Interest
Deflationary Tokenomics
Variable Up to 2.5% Rewards System
Anti Dump Mechanics
Some of the points sound very familiar compared to the Drip system. It is even mentioned in the Furio FAQ that Drip had a big influence when the system was designed, of course the team implemented improvements given the experience gained with Drip. Some of the features sound very promising already. So lets look at all these points in further details and see if they really deliver on their promise. Lets have a look at the Whitepaper. Furio in a nutshell so far:
A deflationary token providing daily rewards up to 2.5%, low(er) taxes as it sounds like, and a referral system. So far so good.
The Whitepaper in summary
Before going into the details, I have to mention that the Website and the Whitepaper look stunning: Great design, great layout, very well marketed overall. Lets see what is behind the great design and lets dive a bit deeper and collect some facts about Furio.
My intention at the beginning was to go into every detail of the Whitepaper, but this would be way too much for a single article. So I keep it high-level for the moment and will go into the details in separate articles. Besides the high level overview we will look only a bit closer at the variable reward system, which is probably the most interesting part for most people.
The $FUR token is a BEP-20 token which sits on the BNB chain. I guess that makes it very easy for most people to join the system, as the BNB chain is very popular nowadays and people interact with it on a regular basis. All Drips users as a potential costumer base are on the BNB chain already.
It is mention in the Whitepaper that the $FUR token got a maximum supply of 1’000’000 token, which should create scarcity. That’s what is written on page 3. If you jump to the next page, you can read that should the tax pool get into a rare situation and run out of liquidity to pay the rewards, there is the option to mint new $FUR tokens. So it sounds like the 1 million limit is not really set in stone as it was stated earlier on.
Furio.io got its own swap function called “Furswap”, where you can buy and sell the $FUR tokens. You need USDC for these transactions.
The “Furvault” seams to be the heart (or brain?) of the system where you deposit your purchased $FUR tokens and also claim or compound your daily return. This sounds pretty much like Drip. The difference is that the daily return is not fixed. The daily % varies between 0.5 and 2.5% depending on your compound and/or claim schedule. Lets have a closer look at this further down.
Also Furio got a maximum claim limit like Drip: Here it is either 360% of your initial principal amount or 100k max. payout through compounding.
Furio’s liquidity is provided via FUR-USDC on Pancakeswap
Taxes are also the blood of the Furio system and that’s how the rewards are paid as we learned above already. Taxes are applied on most of the transactions one can do and are mostly 10%. Only exception is if you compound your reward. There are also Anti-Dump-Mechanics involved which are literally very high tax rates (up to 50%) if you sell more then 25% of your tokens. This is especially designed to ensure price stability. Furio got also a burn mechanism implemented applied on most of the transactions, as you see on the image below, making it a deflationary system. On the usual transactions the following taxes apply:
If you are planning to build a team, a team wallet got a least 5 members, you need to purchase NFTs to get rewards from your down line. How many NFT’s you need depends on the depths of the down line. It is actually quite simple: For each level you need an NFT. If your downline got 3 levels, you need 3 NFTs. If you got a huge downline of 12 levels, you need 12 NFT’s. The round robin system applies also on Furio.
Furio got also quite an interesting roadmap within their Whitepaper which lays out many deliverables planned in the coming months or even years. This includes milestones like buying $FUR directly with your credit card, an NFT marketplace and also spreading the Furio ecosystem to further blockchains beyond the BNB chain. Quite interesting stuff to be honest. This should hopefully add real functionality to the token, which should help in its price going forward.
Alright, I think I have covered the most important aspects of the system on a high level. If not, please comment below. Which is always appreciated. Lets have now a closer look at the reward system as promised.
Variable reward system
So Furio promises daily rewards of up to 2.5%. To really achieve this 2.5% you have to meet a few criteria around your compounding schedule. I think the message from the table below and with that from Furio is pretty clear: The more you compound and the less you claim, the more reward you are paid. Or in other words: Remove no liquidity (or as little as you need) from the system and you will get rewarded accordingly.
So what happens if you compound only once a week? I mean, not everybody thinks about compounding their rewards on a daily basis. At least I don’t. The answer comes also in the White paper. Let me include it for you:
New participants will start at 6:1 1.75% but go to 1.0% if they break this pattern before the 28 day cycle is complete.
Positive participants over a rolling 28 days will be guaranteed a minimum of 1% rewards.
Positive participants with over 20 rolling compounds in a 28 day rolling period will increase to 1.25% rewards.
Positive participants with over 24 rolling compounds in a 28 day rolling period will increase to 1.75% rewards.
Positive participants with 28 rolling compounds will increase to 2.5% rewards.
So you really have to compound pretty much on a daily basis to reach the 2.5%. Well, also the 1.75% sound enough interesting suddenly….
What concerns me a bit is the following part:
“Negative participants will be penalised and once you drop to the lower level you CANNOT come back up. Beware the system penalises bad participants, you have to have been a bad player for a period of time before you are penalised, you will then stay in the project at the lower levels.”
I assume that does not count if you forget to compound, but if you claim too regularly. It is also clearly stated that if you claim 7 days in a row you will be taken straight to 0.5% level. So keep that in mind. Crucial to keep that in mind.
Conclusion
So Furio seems to be an interesting player in this compound system landscape. It got some juicy improvements over Drip, some measures to protect its revenue streams, which seem to be pretty strict even I have the impression. I guess, time will tell how successful the system will be over time.
Will I invest? Well, I got now a high-level overview of the system, I hope you too, but will dive deeper into its functionality in the coming days. In a first step I invested a tiny amount to get more familiar with the system and will at the same time invest more time into it. Will I invest further money as a second step? Quite possible. To be honest I really like some aspects of the system…. more Furio articles to follow soon.
Referrer link
Yeah, you probably expected it: If you also like to follow me on that journey to destination “Furio”, please feel free to use my referral link below. Thank you.
Today we look at getting the maximum out of the 1% daily reward and how often should we claim. I am aware of the more complex strategies, but lets have a look at the simple technics today and cover the more complex strategies a bit later in our series.
So Drip pays out 1% on a daily basis on your deposited tokens in the faucet. So the more you deposit, the higher your reward. Have you read about compounded interest? Or interest on interest? This is exactly the big power of the system. The more often you compound, the higher your reward gets. You deposit every day your reward, your deposit increases and so does your daily reward. Exponentially.
But what happens if you re-compound just every other day, or weekly or even only once a month? How big is the difference in profit?
I did the calculations for exactly that.
The table above shows you the number of coins you will end up with if you re-compund daily, weekly or monthly with an initial investment of 10 Drip tokens. To my surprise the difference is not as big as I expected it to be. Of course you got the most profit out if you re-compound as much as possible. But you got also the fees you pay for each transaction. I ignored those for simplicity here. But as you can see, if you spend only a few minutes a month and re-compound only once every month you end up with only about 8% less coins after a year. With way less effort then pressing the buttons every day.
Conclusion
Daily reward is nice. Daily re-compound means you have to think about it each and every day and go to the faucet and claim. And pay the fees. To make it closer to passive income I think it is enough to re-compound just every other day, not having to think about Drip on really a daily basis. Unless you really enjoy. Then please, go for it.
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.
