Olympus and Wonderland
- Thread starter Kambaggo
- Start date
- Nov 22, 2019
- 6,960
- 1,681
Never tried them. Are they available on binance to trade ?
Brickbat1
Elite Member
- Mar 22, 2010
- 2,366
- 1,391
Amazing stuff mate!. Researching them right now. From what I see so far, they seem legit.
Athanasios
Regular Member
- Jul 11, 2019
- 327
- 239
I'm in Klima Dao which is an Olympus Dao fork like Wonderland too...Prices are down now as most of the cryptos are, but I'm in Klima for the long run!
Destt
Regular Member
- Sep 9, 2017
- 210
- 117
Bought at $8,000 per TIME, at the start of December, so it dropped until now, all the way to $2079 
Yeah, as you can see, I'm a very lucky person.
Anyway, my total purchase was about $40K, bought at $8k, $7k, $6k, and $5k price of TIME, then stopped buying cause $40K was already too much to have in such a shady project.
At the moment, with a $2079 price per one TIME, the investment of mine has a value of $27498 (-12.5k$).
So yeah, if I invested at better prices, or didn't invest at the worst time possible, it would be profitable.
But keep in mind that the APY they got is nowhere near what they actually make with your money, it is a Ponzi, and unless new people won't be joining in, they won't be able to pay out all of you.
Imagine you put in $2k, in a month it's $3,500 - but you take out the whole $3,500 = not only the price of TIME returns back to when you bought, but almost two times worse.
OFC the money you "lend" them makes some % too, but nowhere near 70,000%...
Well, simply if everyone would be taking out JUST profits, the coin would fail and drop hard.
If it was me now, thinking about investing in it, I would not do it. Unless more people will be joining and people won't be withdrawing (JUST) profits, it'll keep falling until it's dead.
And why did I not withdraw yet, if I'm saying this?
I still hope some miracle happens and at least get back to break-even to withdraw.
Yeah, as you can see, I'm a very lucky person.
Anyway, my total purchase was about $40K, bought at $8k, $7k, $6k, and $5k price of TIME, then stopped buying cause $40K was already too much to have in such a shady project.
At the moment, with a $2079 price per one TIME, the investment of mine has a value of $27498 (-12.5k$).
So yeah, if I invested at better prices, or didn't invest at the worst time possible, it would be profitable.
But keep in mind that the APY they got is nowhere near what they actually make with your money, it is a Ponzi, and unless new people won't be joining in, they won't be able to pay out all of you.
Imagine you put in $2k, in a month it's $3,500 - but you take out the whole $3,500 = not only the price of TIME returns back to when you bought, but almost two times worse.
OFC the money you "lend" them makes some % too, but nowhere near 70,000%...
Well, simply if everyone would be taking out JUST profits, the coin would fail and drop hard.
If it was me now, thinking about investing in it, I would not do it. Unless more people will be joining and people won't be withdrawing (JUST) profits, it'll keep falling until it's dead.
And why did I not withdraw yet, if I'm saying this?
I still hope some miracle happens and at least get back to break-even to withdraw.
Riders On The Storm
Elite Member
- Feb 27, 2012
- 2,081
- 853
Invested some. But seems a scam as the developers withdrew funds and invested in bitcoin. LOL. So they themself think bitcoin is safer bet.
Pipelin
Power Member
- May 31, 2011
- 617
- 325
DAO projects are risky, please DYOR as they may have high APY but that high APY cant stay that high if no money enters in.
Jade Protocol was fork of Olympus and they now removed the high APY on their website as the coin went too down that they have no money in their "treasury wallet" (something like that).
So please DYOR, if you find some new DAO with small prices it is ok to enter, and once you make profits leave ASAP.
Jade Protocol was fork of Olympus and they now removed the high APY on their website as the coin went too down that they have no money in their "treasury wallet" (something like that).
So please DYOR, if you find some new DAO with small prices it is ok to enter, and once you make profits leave ASAP.
- Mar 21, 2013
- 24,782
- 31,563
Probably neither one. There's no such thing as free money.
Mr.Sinatra
Regular Member
- Jul 7, 2015
- 429
- 192
Funny enough I was looking at stacking stable coins and I saw this.
This is a definition of a Ponzi scheme no doubt about that. As the price only go up if other people join "in a bull market where everyone is exited".
I have seen crypto.com they are offering some 8% returns on stable coins which is very sketchy as well..
If there is anyone can elaborate on this I would appreciate it.
This is a definition of a Ponzi scheme no doubt about that. As the price only go up if other people join "in a bull market where everyone is exited".
I have seen crypto.com they are offering some 8% returns on stable coins which is very sketchy as well..
If there is anyone can elaborate on this I would appreciate it.
Destt
Regular Member
- Sep 9, 2017
- 210
- 117
8% with stable coins is not that HUGE, I have also seen 20% somewhere, I think it's pretty safe (at least the 8% one)
Agencybackground
Regular Member
- Aug 20, 2020
- 328
- 116
No, don't think so. We don't even know how the upcoming game turns out to be that Wonderland is promising. Read Jade's protocol recent medium post about being a VC and raising the floor price per token instead of giving a false backing price like other DAOs.
cryptogodjay
Junior Member
- Feb 13, 2019
- 183
- 92
I've been staking TIME since september. TIME is here to stay
Riders On The Storm
Elite Member
- Feb 27, 2012
- 2,081
- 853
Seems my comment aged well.
lokibyheart
Power Member
- May 23, 2019
- 635
- 426
Bought at $8,000 per TIME, at the start of December, so it dropped until now, all the way to $2079
Yeah, as you can see, I'm a very lucky person.
Anyway, my total purchase was about $40K, bought at $8k, $7k, $6k, and $5k price of TIME, then stopped buying cause $40K was already too much to have in such a shady project.
At the moment, with a $2079 price per one TIME, the investment of mine has a value of $27498 (-12.5k$).
So yeah, if I invested at better prices, or didn't invest at the worst time possible, it would be profitable.
But keep in mind that the APY they got is nowhere near what they actually make with your money, it is a Ponzi, and unless new people won't be joining in, they won't be able to pay out all of you.
Imagine you put in $2k, in a month it's $3,500 - but you take out the whole $3,500 = not only the price of TIME returns back to when you bought, but almost two times worse.
OFC the money you "lend" them makes some % too, but nowhere near 70,000%...
Well, simply if everyone would be taking out JUST profits, the coin would fail and drop hard.
If it was me now, thinking about investing in it, I would not do it. Unless more people will be joining and people won't be withdrawing (JUST) profits, it'll keep falling until it's dead.
And why did I not withdraw yet, if I'm saying this?
I still hope some miracle happens and at least get back to break-even to withdraw.
just wanted to know bro, did you cashed out or not?
few days ago time collapsed ,
i hope you cashed out.
crypto is full of ponzi scam, dont ever stay in any shitcoin otherthan btc, ethereum
if they start to go down? get the fuck out, most of the shitcoins and stablecoins are ponzi scam.
Brickbat1
Elite Member
- Mar 22, 2010
- 2,366
- 1,391
For me, I cashedd out with the skin of my teeth.. just barely got out before the crash started. Loads of lessons learned.
cryptogodjay
Junior Member
- Feb 13, 2019
- 183
- 92
Definitely not here to stay lmaooooo