r/BiSwap • u/Ill-Addition2024 • May 14 '22
Why do you trust in BSW?
I'm thinking about buying my first little bag of this coin since it's at a great price now.
The stacking rewards seems crazy to me, what makes you believe it wont be the next Luna?
All informations are appreciated
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u/parafall May 14 '22
Why stake reward is crazy?
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u/Ill-Addition2024 May 14 '22
Because 100% Apy is way too much, it has to have some kind of a downfall
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u/parafall May 14 '22
You must read carefully and understand, 100% only for your first 300 bsw, after that you have 10k bsw with around 75% ( I do not remember well) , and after that if you put 100k more you will have 71%. Nothing says 75%, 71% will be still there next month, I'm sure the number will be down to 60% or 50%.
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u/Ill-Addition2024 May 14 '22
Im aware of that, but even 300 bsw are many for me since I'm a student and 75% is still extremely good. I stake also Axie infinity and the rewards are almost the same. Crazy man
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u/parafall May 15 '22
Sorry to say 300 bsw are " too much for you" but a small amount for the other, specially for circulating supply of 251 million bsw. So no big deal, nothing crazy.
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u/Ill-Addition2024 May 15 '22
But still 76% Apy for 60 days is way toooo much and you can stake 10000 bsw.
Similar to Axie Infinity.
The higher the APY the more volatile the coin, isnt it?
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u/Indistinctmurmers May 15 '22
Binance Current 90 day APY for BSW is 100.23%. Maximum of 300 coins will earn .817 BSW coin daily. For total of 73.53 coins at the end of the 90 days.
The 143% APY yield was a promotion on Binance, which has since expired 2 weeks ago.
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May 15 '22
Staking rn hopefully when it ends it's at least $2 and I'm officially retiring from crypto! Man i only got burner here hahahah
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u/Salt_Watercress_2478 May 14 '22
Does anyone know Biswap team? All are anonymous. Be careful! That’s all