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passive-income

Cointiply Quests – Additional way to earn money

30. January 2023 by digital-coin.net Leave a Comment

One of my favorite sites to gain additional money is still Cointiply. Never heard of Cointiply? Read my other articles about this site and how to earn money doing tasks; some very straight forward, some taking a little bit more effort, but provide you with higher reward.

Today I spotted a new feature offered: Quests. You will find the section in the menu “Earn Coins” and then “Cointiply Quests”. Looking at the list of the quests, they range from pretty much just collecting your free coins on a daily basis, up to more time intensive tasks.

Looking at these tasks, they look like side quests in a video game. Although also like an opportunity to grab free cash if you are working on the tasks anyway. So lets have a quick look on a few (easy) Quests Cointiply is offering currently:

  • Collect daily free coins – This probably does not need any further explanation. Go and grab these free coins
  • View a PTC (Paid to Click) Ad – Also easy coins to grab; just watch a PTC A before and get some additional reward
  • There are more of these PTC Ad bonuses. If you view 20, 60 and 120 PTC ads you will get up to additional 400 coins
  • Complete an Offer or Survey – Probably also quite an easy bonus quest if you are working on surveys anyway
  • Redeem a Promo Code – Here there are also various stages if you redeem a single promo code or three
  • Refer a Friend & Earn – If you refer a friend, this can give you additional 400 coins
  • And there are many more, like having a balance of more then 30’000 or 55’000 coins, purchasing an ad, donate coins to the chat rain pool and more

What you have to keep in mind is to complete these quests in the given order, so they work like a linear game story: Complete a quest and only then can you move on to the next to claim your reward. And you can only claim one question per minute I figured out. So wait a little bit in between, watch a PTC Ad and then come back to claim your free coins.

Enjoy the additional reward.

Don’t have a Cointiply account yet? Feel free to use my referral link to start earning too and get these additional rewards from these quests too.

Posted in: News Tagged: cointiply, earn, money, passive-income, surveys

Furio Statistics November 25th

25. November 2022 by digital-coin.net Leave a Comment

Welcome to this (Black) Fridays episode. Hope our American colleagues enjoyed a nice Thanksgiving. And everyone else had a great week. With that, hope you are ready for some number crunching. And some additional charts. Many thanks for all the feedback and suggestions from last week. I gave it a start, but for sure need some further tuning. But lets take one step after another.

Our beloved $FUR token is trading at a similar level as last week at currently 4.45, minor decrease of 0.8%. Overall we see the Furio Ecosystem still growing, on a slower pace though, but will dive more into details further down.

Furvault

If we look at the number of investors we are now beyond the mark of 12’000; 12’083 investors to be precise. That is an increase of 212, but “only” 1.8%. Given the discussions we had last week, I compared also the delta’s between the weeks since I started capturing the numbers. This is since end of September. You see in the chart “Furvault #1 Delta” that is is the lowest growth number since then. Still a growth, just to be aware, but currently on a lower level.

What is quite interesting to see in this chart is that the only increasing number are the claims. Again, I am unsure if this is still related to the new “Claim to Furpool” functionality, and this could well be, seeing the increased count of stakers in the pool, or if people are mitigating their risk and started claiming more often. Having read one or the other article on strategy changes lately, like moving to 6+1 strategy, both scenarios could well be valid.

What is your view here out of interest?

Interesting here to see the continued increase of the compounds, but we clearly see also in the new delta chart “Furvault #2 Delta” people start to increase their claiming behavior. Value-wise of course more is still getting compounded. And still much more getting deposited (1.8m) and also tax-wise the ecosystem is profiting from slightly more then a million, which is an increase of 14%.

Any feedback on the new delta chart is much appreciated. Do they make sense? Are the even better then the other ones? Like to hear from you.

Furpool

Furpool so another increase this week: Both in the number of investors (+149) and the total amount staked, which sits currently at 619’411; an increase of 9.8%. Compared to last week this is a very positive sign given we saw the Furpool shrinking back then. Clearly visible in the chart below.

Furbot

What is our beloved Furbot doing? Currently it continues to burn money. With that we summarized the week almost. Total profit or better loss sits at 8.51%. The bot lost another 0.5% compared to last week, or 13’500 USD. There was only a single positive trading day as per the chart below. Interestingly yesterdays closing was positive. Interestingly, because it was Thanksgiving in the USA. What about a few additional public holidays for you, colleagues? 🙂

And yes, we have to judge the bots performance in the long term, I am aware. As I am doing weekly articles, I take the freedom to judge its weekly performance too.

Conclusion

I conclude with a similar short statement as last week: The Furio ecosystem is still growing. Although slower then it used to do. Especially on the new investor side it is not as high as it used to be (since September). I assume people prefer shopping on Black Friday instead of investing in Furio. Happy shopping.

As always, your feedback, comments and and discussion is very welcome. Even looking forward to it. Enjoy the 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

Posted in: Defi, News Tagged: defi, drip, furio, money, passive-income

Furio Statistics November 18th

18. November 2022 by digital-coin.net Leave a Comment

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

Posted in: Defi, News Tagged: defi, drip, furio, money, passive-income

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

17. November 2022 by digital-coin.net Leave a Comment

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

Posted in: Defi, News Tagged: defi, drip, furio, money, passive-income

Furio Statistics November 4th

4. November 2022 by digital-coin.net Leave a Comment

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

Posted in: Defi, News Tagged: drip, furio, money, passive-income

Furio Statistics October 28th

28. October 2022 by digital-coin.net Leave a Comment

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

Posted in: Defi, News Tagged: defi, drip, furio, money, passive-income

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

24. October 2022 by digital-coin.net Leave a Comment

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

Posted in: Defi, News Tagged: defi, drip, furio, money, passive-income

Furio statistics October 21st

21. October 2022 by digital-coin.net Leave a Comment

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

Posted in: Defi, News Tagged: defi, drip, furio, money, passive-income

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

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

Animal Farm article overview

  • Next Defi Destination — Animal Farm (an introduction)
  • Animal Farm — Pig Pen Introduction — A great profit opportunity?
  •  Animal — Piggy Bank — High time-locked bonus ahead
  • Animal Farm — Dog Pound — Reduce your tax costs

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

Posted in: Defi, News Tagged: AnimalFarm, defi, drip, Drip Garden, money, passive-income

Animal Farm – Dog Pound – Reduce your tax costs

19. October 2022 by digital-coin.net Leave a Comment

Animal Farm article overview

  • Next Defi Destination – Animal Farm
  • Animal Farm – Pig Pen Introduction – A great profit opportunity?
  • Animal Farm Launch Giveaway – 5’000 USD price to win
  • Animal – Piggy Bank – High time-locked bonus ahead

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

Posted in: Defi, News Tagged: animal farm, defi, drip, money, passive-income
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