Hello! In this bull season, where BTC and ETH broke their ATH records, I'm experimenting with short-term trading, by scavenging in the sewers of the Binance Smart Chain. This is a place where 90% of the stuff is shit, as it's proper for a sewer. However, there is a good 10% that is pure gold (or pure BTC if you want to be modern). After years of investing in crypto (with alternate results, I admit it), I think it's time to share my opinion and baptize a new series which will diversify my content. I will come, more or less weekly, with the best 3 crypto I've discovered during my risky deeds after scavenging among shit-coins! Ready? Brace yourself!
PS: I'm not a financial advisor!
After PancakeSwap, the blockchain world was storm with any possible clone of the first swap contract on the Binance Smart Chain. PancakeSwap was in turn a BSC clone of the Ethereum swap contracts Uniswap and SushiSwap. Pancake gain a big hedge over its Ethereum competitors due to the superlow fees the BSC offers. If swapping a token on Uniswap can cost you even $20, on Pancake it will cost few cents. This allows even small investors to make a profit through micro-transactions. Beside this, even PancakeSwap offers liquidity pools and farms, where investors can park their crypto-assets and generate passive income from it. The APR are huge compared to the Ethereum world. No wonder someone tried to create their own pools, cloning Pancake over and over again. The first, and probably only serious, Pancake's clone was PantherSwap. Everything is the same, except for the colors used in the UI and the token used to mint the interests: PANTHER. However, these guys had invested a lot in auditing and were preparing for additional feature like a lottery and IPOs (Initial Project Offering). The project is fully audited and so it saw a massive growth back in May. It started at around $0.10 and it almost touched $5.00, before initiating a slow but unstoppable decline. Yes, the project was rugged! Since August, PANTHER is stably between $0.007 and $0.008, without any volatility. This makes Panther an ideal source of stable income. Forget about the absolute value. Let's look instead at the APR one particular farm gives us on this pool.
The return on this farm is massive, something hard to spot in other liquidity pools. Yes, you will find always new projects which promise you even 1000% APR, but those promises are always short-lived, because as soon people get in, the APR is reduced and the native token is punctually rugged. Panther instead has been already rugged and now it found a sound stability. You are basically making 300% APR on two stable coins: BUSD and PANTHER. I'm farming myself with this and I'm happy to share that it returns me 1% a day, which is even more than 300% a year. In a nutshell, if you put $1000, this farm will give you $10 a day, aka $300 a month. Quite amazing! In 3 months, you already doubled your investment! And remember; you can withdraw your capital any time you like. Let's call Panther an abandoned farm, waiting to be repopulated with fresh and healthy liquidity!
InfinitX
InfinitX is just the latest of the rebase token wave, the newest phenomenon in the crypto-market. Rebase tokens are a genius system that works to protect your investment, by burning or redistributing the tokens among the holders. The goal is to keep your token's value in contast rise. You can take a look at GreenMoon and see that it is literally going to the Moon. To achieve a constant rise in price, a rebase token reduce the total amount proportionally to all the holders, so don't panic when you see your tokens decreasing day by day. Your total tokens will be less and less, but your value in USD will be the same if not slightly higher day by day. So where's the perk of holding a rebase token? The perk are in the rewards this token gives you. Usually these tokens send you a dividend in on of the major currencies. For example, GreenMoon rewards you in USDT, daily. InfinitX rewards you in XRP. The return I had measured so far is between 1% and 2% a day. Not bad! InfinitX is helping me to create another stream of passive income. The rewards are automatically sent to your wallet. The only action you have to do is to import the token so you can see it on your balance. For InfinitX, you need to import the XRP-pegged BEP20 token on the BSC. You can buy InfinitX on PancakeSwap or DodoDEX, or even directly on infinitx.io by credit card! Rebase tokens are bringing DeFi to another level of automation and simplicity. With them, you can earn passive income without complex manouvres on the liquidity pools. Of course, as this trend is new, scams are always around the corner. Make sure to do your proper research and take time to read their audit certificates.
UpCake
UpCake is like InfinitX, but which rewards you in Cake tokens, that you can reinvest on PancakeSwap. It is a good tool to diversify your streams and ot works well if you still want to invest in Cake pools and farms. The return measured so far is around 0.5% daily, but it's constant and awarded with a token you can use directly for farming. Plus, there are good chances that Cake will have bull run in the coming months, so that 0.5% might skyrocket in the near future. Obviously, you can buy UpCake on PancakeSwap! ;-)