digital-coins.net
  • Visit us on
  •  Twitter
  •  Medium

digital-coins.net

Bitcoin, Altcoins, Defi and more

Decentralized Finance

Earn up to 3.33% daily
Learn more

Menu
  • Home
  • Introduction
    • Overview
    • Blockchain – in simple terms
    • Wallet
  • Decentralized Finance
  • Invest and earn coins
    •  How to get coins
    • Free (Bit-)coins
    • For Publishers
    • Investing your Bitcoins (update required)
  • Mining
    •  Mining Overview
    • CPU Mining
  • About

interest

HNW Refinery – Is this the new Drip?

6. May 2022 by digital-coin.net Leave a Comment

As mentioned in one of my other posts a while ago, I will start to explore some high risk DeFi projects going forward. Here is another journey I started only today.

Have you ever heard about Drip? Pretty sure you did: Invest into Drip, buy some tokens, deposit them and you will be rewarded with 1% on a daily basis. You either re-invest this amount or you take profits and claim it. Drip also used a referral system, where you can profit from your ‘team’ which led to quite a lot of Drip articles on Medium and everywhere.

I have to admit, I never used Drip myself. Looking at the current price chart of it, I decided to not choose Drip for my experiment (or better experience), but use one of the new similar and hopefully improved systems instead: HNW refinery. Let me take you on my journey. Keep in mind, I am just learning about this system together with you. Should we get started?

Overview

The team behind HNW is, as per their Whitepaper, a “team of professionals who want to change the crypto space through hard work, ingenuity, and trust.” And this is intended to be achieved by community building the best offers to clients and investors. It is mentioned a several places that the teams mission and number on priority is to keep the investors money safe. That is a good starting point I would say.

HNW is collaborating with many so called alliance partners like Sidekick Finance, Crypto-Logic, Crypto-Hunters, etc. and offers various services in the area of NFT integration, community building, fund raising, anti-bot & other safe launch measures, smart contract consultancy and much more which adds utility to their tokens.

The foundation of the whole platform are 3 tokens:

  • HFUEL: To keep it short, this is actually the only token you need to start earning with the refinery. You deposit HFUEL tokens, which will allow you to earn rewards from your deposit.
  • HNW (xHNW): Mainly used for team leaders, or wingmen, as they are called here. Staking of these tokens is required to increase the maximum payout of your wallet. See picture below.
  • Sidekick (xSK): Staking of xSK can increase your daily reward from 0.8% up to 1.2%. See picture below too.

Tutorial – how to get started

Lets keep this article a bit shorter then intended first, a follow-up is planned, lets have a look at the steps I took to get started. Feel free to use it as tutorial for yourself too.

I bought 100 HFUEL as a starting point and received 95 tokens in my wallet. There is a tax of 5% on any buy, sell, deposit, transfer transactions. I then deposited the 95 tokens in the refinery and ended up with 90 HFUELs. So in other words there is a 10% tax to start with the refinery. Keep that in mind if you like to deposit a certain amount of tokens.

Prerequisite:

  • Metamask using the Binance Smart Chain
  • Some BNB (or BUSD) to buy HFUEL tokens and then also some BNB’s to pay the gas fees obviously

Steps to deposit in the refinery:

  1. Head over to the HNW dashboard.
  2. On the left side click on HFUEL to open the menu and then click on “Buy”. This directs you to PancakeSwap and you can add directly the HFUEL token to the token list to swap. Just accept adding the token to your list.
  3. Swap your BNB or BUSD for HFUEL tokens.
  4. Head back to the HNW site and click on “Refinery” and then on “Pipeline”.
  5. As a first step here you have to select your “wingman”. This is your team leader in the system. Either do your own research for your preferred wingman or feel free to add my address to support my journey in this area: 0xb3C253D80578f569cFd4fe2E916EDbF01B384577. Make sure to confirm the transaction.
  6. Then it is time to deposit the HFUEL tokens. Either hit “Max” or enter the number of HFUEL tokens you like to deposit. Once the number is added, click on “Approve” and then “Deposit”.
  7. As soon as your deposit is done, you will see your number in the dashboard in the section “Available” starts increasing.

Claim or refuel?

Once you deposited your HFUELs in the refinery you start earning rewards. As mentioned, depending on your stake of xSK between 0.8 and 1.2% daily. You can claim (5% tax) these and sell (15% tax) your tokens if you like.

Probably the better option at the beginning, and this is where the power of compound interest will show its strengths, is to refuel your earnings. So you will end up not only earning on your initially deposited tokens, but in addition also on your reward.

Lets assume you deposited 100 tokens and you earn 1% (for simplicity) you will earn 1 token after a day. If you refuel, you will earn 1% on 101 tokens the next day, which is 1.01 tokens. The next day 1% on 102.1 tokens, and so on. If you do your math, this sums up nicely for you.

And now?

So is this the new Drip? Before jumping to conclusions yet, lets explore the system further, lets see how the deposit growths, lets refuel to gain more. And lets have a follow-up to see if this investments was worth it.

Again my wingman address, if you like to use it:
0xb3C253D80578f569cFd4fe2E916EDbF01B384577

Posted in: Tutorial Tagged: compound, drip, earn, hnw, interest, refinery, reward, tutorial, wingman

New section: Investing Bitcoins

14. October 2016 by digital-coin.net Leave a Comment

As more and more platforms with Bitcoin investment possibilities show up across the globe, I try to list here the most interesting companies where either

  • my research resulted into overall positive impression
  • I made positive experience myself

If you got other got investment tips, I am very happy to hear about it.

The page into two sections currently: Either you can deposit your Bitcoins into an account and you are getting paid a regular interest on your funds. you can do active trading and earn based on your investments.

-> Investing Bitcoins

Please remember that all of these investments will always come with certain risks involved, so please make sure to do your due diligence accordingly before sending money to anyone in the world you don’t know.

Posted in: News Tagged: bitcoin, interest, invest, investements, trading
Earn Free Bitcoin

1 BTC = $26141.55 USD  (via Coinbase)
1 ETH = $1583.22 USD  (via Coinbase)
1 LTC = $63.98 USD  (via Coinbase)
Quotes delayed up to 2 minutes.

Bitcoin Insurance Company AnchorWatch Raises $3 Million to Bring Multisig Mainstream

Bitcoinmagazine
Sep 26

Bitcoin Asset Management to Grow to $650 Billion Industry: Alliance Bernstein

Bitcoinmagazine
Sep 26

How-To Guide: Running an Ecash Mint

Bitcoinmagazine
Sep 25

OP_CHECKSEPARATESIG And Actuaries: Fixing Multiparty Channel Factories

Bitcoinmagazine
Sep 25

Dollar Wrecking Ball, Good or Bad for Bitcoin?

Bitcoinmagazine
Sep 25

Cypherpunk Icon Adam Back: Bitcoin Is 'Digital Gold for the Next Millennia'

Bitcoinmagazine
Sep 25

A Most Ridiculous World : The Politicization Of Energy

Bitcoinmagazine
Sep 25

MicroStrategy Buys 5,445 More Bitcoin for $147.3 Million

Bitcoinmagazine
Sep 25

Bitcoin Blockchain Is Fighting Fraud In Guatemala’s Presidential Elections

Bitcoinmagazine
Sep 23

French Restaurant Seeks to Drive Bitcoin Adoption, Accepting Only BTC for High End Menu Item

Bitcoinmagazine
Sep 22

The Subtle Art of Orange Pilling

Bitcoinmagazine
Sep 22

The Evolution of Bitcoin Wallets: From the Early Days to Today's Modern Solutions

Bitcoinmagazine
Sep 21

Ideal Banking

Bitcoinmagazine
Sep 21

Bitcoin's Role in Russia-Ukraine Conflict to Take Center Stage in DC

Bitcoinmagazine
Sep 21

A New Trustless Way to Calculate the Bitcoin Price

Bitcoinmagazine
Sep 21

Spot Bitcoin ETF Would Attract $300 Billion: Hedge Fund Director

Bitcoinmagazine
Sep 21

Nostr.com: Not Selling It To Shitcoiners

Bitcoinmagazine
Sep 21

Prince Philip of Serbia Leads the Way for Bitcoin Nation State Adoption with Jan3 and Aqua Wallet in El Salvador

Bitcoinmagazine
Sep 21

Prince Philip of Serbia Leads the Way for Bitcoin Nation State Adoption

Bitcoinmagazine
Sep 21

UTXOracle: A Decentralized Approach To The Oracle Problem

Bitcoinmagazine
Sep 21

Bitcoin Price Up 20,000% Since First Joe Rogan Mention

Bitcoinmagazine
Sep 21

Readers React To Drivechain Incentive Concerns

Bitcoinmagazine
Sep 20

Bitcoin vs Ethereum: A Culture War Rooted in First Principles

Bitcoinmagazine
Sep 20

Rare Video Surfaces of Bitcoin Pioneer Hal Finney Speech at Crypto Conference

Bitcoinmagazine
Sep 20

Dominick Bei: How Proof of Workforce is Helping Union and Firefighter Pensions Save for Retirement with Bitcoin

Bitcoinmagazine
Sep 20

Helping Union and Firefighter Pensions Save for Retirement with Bitcoin

Bitcoinmagazine
Sep 20

Introducing RFK Jr. to Bitcoin’s Nashian Orientation

Bitcoinmagazine
Sep 20

Bitcoin Ordinals Creator Proposes Overhaul of Inscription Numbering

Bitcoinmagazine
Sep 19

Gentrification And Bitcoin Blockspace: Economic Parallels With Real Estate

Bitcoinmagazine
Sep 19

What Happens After A Bitcoin ETF is Approved? Bitcoin Backstage with Dylan Leclair

Bitcoinmagazine
Sep 19

What Happens After A Spot Bitcoin ETF is Approved?

Bitcoinmagazine
Sep 19

$500 Billion Nomura's Digital Asset Subsidiary Launches Bitcoin Fund for Institutions

Bitcoinmagazine
Sep 19

Over 50% of US Bitcoin Miners to Back New Policy Group

Bitcoinmagazine
Sep 19

BlackRock Bitcoin ETF Will Bring New Money: Arca CIO

Bitcoinmagazine
Sep 19

Spiderchains: A Proof Of Stake Second Layer

Bitcoinmagazine
Sep 18

Coming To Terms With The Economic Reality Of Scaling

Bitcoinmagazine
Sep 18

Ordinals Creator Breaks Seclusion with Rare Public Appearance

Bitcoinmagazine
Sep 18

Bitcoin Marks 8th Year of US Commodity Status

Bitcoinmagazine
Sep 18

Bitcoin Nodes Now One Step Closer to Instant Sync

Bitcoinmagazine
Sep 16

Operation Choke Point 2.0: How U.S. Regulators Fight Bitcoin With Financial Censorship

Bitcoinmagazine
Sep 15

Bloomberg Calls Questioning Of Chainalysis ‘Smear Campaign'

Bitcoinmagazine
Sep 15

Fighting Corruption: Does Bitcoin Fix West Africa?

Bitcoinmagazine
Sep 15

15 Years Ago: Lehman Collapse Foreshadows the Rise of Bitcoin

Bitcoinmagazine
Sep 15

Bitcoin-Only Exchange Swan Pledges to Launch New Trust Company

Bitcoinmagazine
Sep 14

Amboss Launches Innovative New Tool to Boost Adoption of Bitcoin's Lightning Network

Bitcoinmagazine
Sep 14

€1.3 Trillion Deutsche Bank To Offer Bitcoin and Crypto Custody For Institutions

Bitcoinmagazine
Sep 14

12,000%: Bitcoin Price Up Big Since Cathie Wood First Invested

Bitcoinmagazine
Sep 14

OnChainMonkey Sells for $100K in One of the Biggest Bitcoin Ordinal Sales

Bitcoinmagazine
Sep 14

Drivechains Are Stupid, Prove Me Wrong

Bitcoinmagazine
Sep 13

PayPal Partner Paxos Overpaid $510,750 In The Largest USD Bitcoin Transaction Fee Ever

Bitcoinmagazine
Sep 13

Latest Crypto Fear & Greed Index

Tags

adapad aipad airdrop animal farm asic bitcoin bluezilla bscpad celsius coinbase compound defi drip earn ethpad exchange faucet free free bitcoin furio gamezone giveaway gleam IDO igo litecoin metavpad miner mining money movez nft nftlaunch passive-income polypad promotion pulsepad reward souls of meta trading trustpad tutorial velaspad wallet whitelist

Latest Platform Reviews

Celsius
Coinbase
Crypto.com (updated)
OKX

Cloud miner reviews

Hashing24.com
HashFlare.io
Genesis-Mining

Archives

  • May 2023
  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • May 2021
  • April 2021
  • November 2017
  • October 2017
  • May 2017
  • December 2016
  • November 2016
  • October 2016
  • August 2016
  • December 2014
  • March 2014
  • November 2013

Disclaimer

This site contains referral links to described websites. Thanks for your support.

None of the sites content is financial advise. Do your own research, please.

Copyright © 2023 digital-coins.net.

Magazine WordPress Theme by themehall.com