Have been seeing a lot of projects attempt to follow in the likes of STRONG, have been burnt by a few such that have rugged of course. Disclosure - entered this project earlier this month at around $10 entry and have more or less recovered initial investment.
If you ever wish to get involved in such projects, only do it without amounts you can afford to lose, these are very high risk projects generally, most likely ponzis, and a lot do end up scamming. For those of you that love the thrill of the game and like to risk it for a biscuit, keep reading.
Disclaimer: nothing in this thread is to be taken as financial advice.
HAD LINKS TO THE PROJECT HERE BUT CANNOT SHARE LINKS UNTIL I HAVE 50 POSTS, SORRY. SOMEONE FEEL FREE TO SHARE WEBSITE, TWITTER, DISCORD & MEDIUM IN THE COMMENTS BELOW, THANKS.
Project is on AVAX
$PLAYMATES tokens are used to set up mansions.
1 mansion pays 1 $PLAYMATES a day.
# of tokens needed to set up mansions - the more mansions you have, the more expensive it is to set up a mansion
1-10 mansions - 20 PLAYMATES
11-20 mansions - 25 PLAYMATES
21-40 mansions - 30 PLAYMATES
and so on...
Taxes
Buy tax - 0%
Sell tax - 10% - 5% treasury, 3% node reward pool, 1% LP on TraderJoe, 1% marketing
Claim tax - 15% - 12% rewards, 3% marketing, this can be avoided if you compound rewards into a new node rather than claim then
Transfer tax - 40% (if you try to send to another wallet to set up nodes for cheaper, assuming that's what this is there to prevent. Don't get burnt like I did)
Whale taxes
There will be up to a 25% sales tax increase based on the amount of Mansions you have, this is to make sure that the Whales don’t have full control of our market.
<20 MANSIONS: 2.5%
20+ MANSIONS: 5%
50+ MANSIONS: 15%
100+ MANSIONS: 25%
Whale tax distribution :
50% Treasury / 30% Rewards / 10% Marketing / 10% Liquidity
There are a few other bits and bobs that you can read up on their medium.
No this isn't a paid shill, nor is it some sort of marketing scheme for them, I'm just sharing one of my plays, I know some guys on here are as degen as I am. If anyone decides to give it a try, let me know :) and good luck
If you ever wish to get involved in such projects, only do it without amounts you can afford to lose, these are very high risk projects generally, most likely ponzis, and a lot do end up scamming. For those of you that love the thrill of the game and like to risk it for a biscuit, keep reading.
Disclaimer: nothing in this thread is to be taken as financial advice.
HAD LINKS TO THE PROJECT HERE BUT CANNOT SHARE LINKS UNTIL I HAVE 50 POSTS, SORRY. SOMEONE FEEL FREE TO SHARE WEBSITE, TWITTER, DISCORD & MEDIUM IN THE COMMENTS BELOW, THANKS.
Project is on AVAX
$PLAYMATES tokens are used to set up mansions.
1 mansion pays 1 $PLAYMATES a day.
# of tokens needed to set up mansions - the more mansions you have, the more expensive it is to set up a mansion
1-10 mansions - 20 PLAYMATES
11-20 mansions - 25 PLAYMATES
21-40 mansions - 30 PLAYMATES
and so on...
Taxes
Buy tax - 0%
Sell tax - 10% - 5% treasury, 3% node reward pool, 1% LP on TraderJoe, 1% marketing
Claim tax - 15% - 12% rewards, 3% marketing, this can be avoided if you compound rewards into a new node rather than claim then
Transfer tax - 40% (if you try to send to another wallet to set up nodes for cheaper, assuming that's what this is there to prevent. Don't get burnt like I did)
Whale taxes
There will be up to a 25% sales tax increase based on the amount of Mansions you have, this is to make sure that the Whales don’t have full control of our market.
<20 MANSIONS: 2.5%
20+ MANSIONS: 5%
50+ MANSIONS: 15%
100+ MANSIONS: 25%
Whale tax distribution :
50% Treasury / 30% Rewards / 10% Marketing / 10% Liquidity
There are a few other bits and bobs that you can read up on their medium.
No this isn't a paid shill, nor is it some sort of marketing scheme for them, I'm just sharing one of my plays, I know some guys on here are as degen as I am. If anyone decides to give it a try, let me know :) and good luck
