MegaSack DRAW - This year's winner is user - rgwb
We will be in touch
I collect Helium Tokens via a couple of Hotspots and I keep them in a Binance wallet (waiting for this time next year Rodney, when I'll be a millionaire...🙄). Anyhow, I noticed in the app there is a button called "Binance Earn". It appears to offer the ability to "invest" a limited amount in various Crypto currencies risk free for periods up to 120 days with a guaranteed return in the case of APECoin of 65% APR. It says Zero Risk, Zero Fees, Redeem Anytime.
Is it as it seems?
I would assume that the tokens you invest are lent to other traders to be used in leveraged trades. From one point of view, there's no risk because any positions automatically get liquidated if the price goes too far in the wrong direction.
On the other hand, if you lock your crypto into something for 120 days there is always a risk that the price will go to 0 during that time. Just look at LUNA.
On the other hand, if you lock your crypto into something for 120 days there is always a risk that the price will go to 0 during that time. Just look at LUNA.
Well quite, but it says Zero Risk so do Binance cover the losses…🤷♂️
they may be worth sweet FA, but you will still have your tokens
Staking is what its called (I suspect)
Whether the govt/s will ban it or not next week may be a bigger concern, or if they order your bank not to process crypto related payments