If your minimum wage is $17 per months, that investing $850 to get $1 a day is something unreal. And you will get this $1 as 0.53 USDT, 1.27 TRX, 729sat, 0.0006 BNB and 0.000073 ETH. BetFury minimum withdrawal amounts for some altcoins are quite high, so it will take time before you can withdraw them. Such investment wont be a solution for low salary as you will have to wait some time before you will be able to withdraw and loose on withdrawal fees.
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https://betfury.io/stakingThanks letting me know those details. Even though the min salary is low here there are people who have some saving and are willing to find way to get some reasonable yield out their money. I suppose that getting constant withdrawvals from a casino sounded too good to be true indeed. Again, I was not planning to buy or stake casino tokens I just wished to know more about it.
Do you know where I can find more documentation on this staking pool or what other casinos offer similar yield to their clients?
I have no intentions to stake just get informed on how they manage to keep that yield so high.
https://betfury.io/stakingStaking is very bad idea. Even if we ignore the fact that your money may flee away if something happen to contract and/or casino/site, you need to pay fee for start of staking and in the end - when you will try to take your money back.
APY up to
59.89%
Also, if we look at your link, casino propose very small APY interest. A lot of staking sites propose something like 300 % or similar (sometimes even more)
I am aware of the risks involved with staking for high yield and I have no intentions to do so, just wanted to know more.
Also 53% is already risky enough imo, 300% definitely raises a red flag when comes to APY.
As far as I am aware one of the only ways to actually stake in a relatively secure way is to do it with a very established coin, like Ether instead of tokens.