Post
Topic
Board Altcoin Discussion
Re: Be careful around massive APY projects
by
Dave1
on 07/04/2022, 22:24:18 UTC
Stay away from projects with insanely high APY, 100,000% to 500,000% APY, you knew what I'm talking about, Titano, Safuu and others, invest but learn to back your initial investment first, all these defi projects are practising ponzinomic scheme. The latest is Safutinano, just know what you are doing.

True, there are a lot of projects who promotes this kind of scheme, giving a huge APY return. As what we say here in cryptoverse, "if it's too good to be true, probably is". So please for everyone, remember this old but very effective philosophy. Even in real world, that kind of returns is not possible, banks and other institutions will not give anyone that percentage. And specially if the platform that are promoting this is new? damn, that's is another sign that they might do a rug pull, so everyone should be very very careful.