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:
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:
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.
As per my previous article about Cointiply you got various ways to collect points to earn money on the platform. Some work better then others in my opinion. And with that I mean the effort/profit ratio various a lot. So what works best to get most out of the Cointiply platform in my opinion?
Surveys, surveys, surveys
As you might have guessed based on the headline, there is no way around completing surveys. Yes, you have to spend some time on them, but at the end you get rewarded with the best score. The longer the survey takes, the more points are offered. Not only absolute, but also relative. So you got the best effort/profit ratio there.
I made the best experience with “Yuno Surveys Direct” and “Theorem Reach” offers. But that was only me. Try all of them and find your personal favorites.
Strategies and tips
What is the best strategy to complete the surveys and get rewarded?
Read the questions thoroughly as there will be control questions included. They are mostly simple math tasks or you have to choose a certain item from a list.
Answer honestly. Not only are control questions included, there are also cross check involved verifying that you provide consistent feedback. Simple example is by including the same question twice within the survey. Or the opposite question, where also the opposite answer is expected.
Some providers include a quality score per user where they use quite advanced techniques to find out if your answers are consistent (and with that honest). If you provide feedback to a certain topic or lets say about a certain product, the provider expects replies with a certain subject matter expertise. Not only just some generic high-level feedback. This could lower your quality score, which you lead to be excluded by some providers.
Timing: There also seems to be a difference in the number of points you can earn depending on your time in the day. So check back regularly, if you can earn more points later in your day or also earlier.
If you do not get rewarded for a survey, open a ticket in the Cointiply support area and provide evidence about the completion. The guys are very helpful and do respond quickly.
In a nutshell
The better your answers, the higher your quality score, the more offers you get from the same providers, the more points you get rewarded, the more money you can earn.
Hope these tips are helpful to earn some additional points and more money from the Cointiply platform. Got any further tips? Feel free to leave a response.
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.
