Post
Topic
Board Altcoin Discussion
Re: Be careful around massive APY projects
by
uneng
on 25/06/2022, 04:54:12 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.
100,000%-500,000% APY? Shocked
I'm not aware of such projects, but they look much more hardcore than the most hardcore hyips I've seen. Unfortunatelly people who go for these investments are asking to lose their money, because there aren't any guarantees they are going to receive huge interest on their funds, what is impossible anyway, considering how insane those returns are.

If something like that really existed, someone staking 1$ would become the richest man of Planet Earth after few years of investment.