Altcoins Talks - Cryptocurrency Forum

Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: TomPluz on April 11, 2022, 10:39:13 AM

Title: High APY Auto-Staking Projects: What Can You Say?
Post by: TomPluz on April 11, 2022, 10:39:13 AM


(https://pbs.twimg.com/media/FQDOYVgaIAIJOUT?format=jpg&name=small)


When you look at the bounty section of this forum -as well as in the other forum - you would surely not fail to see the proliferation of may auto-staking, auto-compounding projects promising its supporters the highest APY possible...with many reaching more than 100,000 APY - with one or two promising even a million more.

Needless to say, with this skyrocketing promise of APY, what they are offering can be so attractive but we know that in the end only some lucky few of these projects will be able to survive the rigors and discriminatory power of the marketplace.

What is your opinion with this trend?
Title: Re: High APY Auto-Staking Projects: What Can You Say?
Post by: Istiak on April 11, 2022, 11:58:57 AM
This apy is attractive but what about price stability? High APY means people will get more rewards which they will surely cash out do how team is going to deal with this problem. I am with a project that offers 70% APR in a single staking offer and its price came to 0.015$ from 0.18$. High APY is not always good if that project don't have a working product.
Title: Re: High APY Auto-Staking Projects: What Can You Say?
Post by: Freemind on April 12, 2022, 07:11:59 PM
Some of those projects promise very good benefits, but nothing in life is free. Of all these projects we can eliminate those that are scams, since surely there will be many that are, we must also eliminate those projects that do not have a well defined tokenomics from the beginning of the project and they will be swallowed by inflation. And of course, of the projects that remain afterwards, we all know that only a few users could benefit from those percentages, very few.
Title: Re: High APY Auto-Staking Projects: What Can You Say?
Post by: Ankit1999999 on May 09, 2022, 08:37:45 PM
I think there will be lots of staking platform but i will suggest you binance for stake your token because its the most reliable platform and no chance of loosing money or got scam. So stake on any binance token pair
Title: Re: High APY Auto-Staking Projects: What Can You Say?
Post by: collinsjie on May 09, 2022, 09:00:07 PM
Quote from: Istiak on April 11, 2022, 11:58:57 AM
This apy is attractive but what about price stability? High APY means people will get more rewards which they will surely cash out do how team is going to deal with this problem. I am with a project that offers 70% APR in a single staking offer and its price came to 0.015$ from 0.18$. High APY is not always good if that project don't have a working product.

You are very correct. A project that don't have a workeable project will die with high APY. I invested in such project last year and the project didn't last 4 months. Till now the team is not where to found. Becare with such project.
Title: Re: High APY Auto-Staking Projects: What Can You Say?
Post by: gurunanakji777 on May 09, 2022, 09:15:18 PM
How long such projects will run or survive and there is no guarantee of a stable price. If you get a good APY and the price keeps dropping then it is no use for such projects/staking. Most of the projects that promise high returns turn out scams.
Title: Re: High APY Auto-Staking Projects: What Can You Say?
Post by: MrSpasybo on May 10, 2022, 01:34:06 AM
Such projects are just a joke in the crypto market, APY above 20% cannot exist, everyone can refer to Terra's UST. Sometimes high APY is used but it is limited for a short time and for a small amount of tokens to be staked.
If the project maintains a high APY and the reward is token, the token price will drop very quickly after each reward payout.
Title: Re: High APY Auto-Staking Projects: What Can You Say?
Post by: pelana vreo on May 10, 2022, 07:43:10 AM
Such APY is very unreasonable, APY in the provided pool can decrease when many investors put their tokens or coins into the pool for profit, some APY will decrease as the number of users increases, if the pool is not limited then the price of tokens / the coin will experience a decline, because I have seen many platforms that provide high APY with the reward of the tokens they have, then the price of the token goes down as more tokens are sold in the market.
Title: Re: High APY Auto-Staking Projects: What Can You Say?
Post by: silkytakyaan86 on May 16, 2022, 02:52:58 PM
Not everyone knows but I like this project very much. Everyone is getting attracted to it. There is a high chance of less profit than its loss. The problem of deception is also very less in this. That's why it's good.
Title: Re: High APY Auto-Staking Projects: What Can You Say?
Post by: Rembroman on June 14, 2023, 05:47:16 PM

The proliferation of high APY autocurrency projects on forums is a testament to the innovation of cryptocurrencies, which is not even a bad thing, as more and more different ways are emerging. Despite the appeal, caution is advised. The impressive APR of TFS token caught my attention and I can say that there is indeed something to be earned on these tokens. However, investors should do careful research and assess the long-term viability.
Title: Re: High APY Auto-Staking Projects: What Can You Say?
Post by: Incarts on July 13, 2023, 12:18:53 AM
As with any crypto investment, crypto staking can  be a good passive income strategy but it is not devoid of risks and limitations. It’s always important to DYOR and only stake amounts you can afford to lose or lock for a period of time.
Personally I usually look out for the staking programs on Bitget since I’ve benefited from quite a few of them with $0x0 staking the latest I’ve subscribed to.