Receive up to 9% bonus as a reward for compounding and sustaining the TVL
Wolf Crypto Miner (or WC Miner) is a new BNB miner which launched in August on the Binance Smart Chain, and I have just made my first investment into it.
It works similar to other BNB miners, but also has few unique elements that make it appealing.
How it Works
You deposit your BNB and in return you receive Wolf Miners who immediately get to work mining BNB for you.
The amount of Wolf Miners you receive is dependent on the size of your deposit; you can get so many Wolf Miners for a cheap price right now as the TVL is still relatively low, sitting at around 9.7 BNB, so there is still quite a bit of potential for it to grow a lot.
On average you will receive a 3.3% daily return on your investment.
- You can join my Red King Crypto Telegram group here .
- You can see all my articles here.
What Makes This Miner Unique
Most BNB miners seem to follow the same template, but the newer ones are finding ways to differentiate themselves. So what is WC Miner’s secret sauce?
It’s all in the compounding bonuses.
Giving out bonuses for compounding is a super smart way to do it because a) the investor receives more for his investment and b) the TVL is sustained longer making the project more viable and appealing: win-win!
Here’s how the bonuses work:
In your first week of investing, if you make zero withdrawals and compound daily you will have an extra 3% bonus added to your initial deposit amount.
In your second week of investing, if you make zero withdrawals and compound daily you will have an extra 5% bonus added to your initial deposit amount.
In your third week of investing, if you make zero withdrawals and compound daily you will have an extra 7% bonus added to your initial deposit amount.
And in your fourth week of investing, if you make zero withdrawals and compound daily you will have an extra 9% bonus added to your initial deposit amount.
About the Team
The team was actually formed by a mutual frustration over the amount of rugpulls in the defi space. They were sharing their disappointments over losing funds to unscrupulous devs and then they decided to do something about it. So they built this Wolf Crypto Miner in an attempt to provide an honest project that would fulfil its promises.
They are active on Discord, Telegram and Twitter and you can find links to all of those on their website.
Taxes, Fees and Figures
Earn: you can claim an average of 3.3% every single day.
Deposit: 2% fee
Withdraw: 7% fee (2% of this goes to the devs and owners)
Compound: 5% fee (all of this goes to marketing and you only pay it once a day, even if you compound more than once per day)
Minimum Investment: 0.01 BNB (approximately $2.80)
Maximum Investment: No max limit
At the moment every good miner is employing tactics to make their project more sustainable and not have the TVL drained.
As mentioned above WC Miner’s main methods for this are handing out enticing compounding rewards as well as implementing taxes that support the TVL.
Their third method is their Lottery. They have three different lottery options which are blockchain embedded lucky draws and they will occur every 6 hours, 12 hours and 24 hours.
You can have unlimited lottery entries, here are the different options:
- 6-hour Lottery: The minimum per entry is 0.02 BNB
- 12-hour Lottery: The minimum per entry is .05 BNB
- 24-Hour Lottery: The minimum per entry is 0.1 BNB
Every lottery winner will get 72% of the pool and 20% goes into the contract sustaining growth for both winners and investors. The remaining 8% goes to the marketing budget.
Wolf Miner was audited by Encrypto Security, who passed them with no issues other than to alert users that would not be able to withdraw their initial investment (as per usual for most of these miners) and only withdraw the profits.
While this has been a sponsored article I am an investor in the project and am hoping it will be a successful one.
Additional Things to Note:
- My two best investments recently have been have been Furio and Wealth Mountain
- You can join my Telegram group here .
- You can see all my articles here.
- I’m not a financial advisor. This is not a financial advice, whatever you read in my articles are strictly for educational purposes.
- This has been a sponsored post.
- These defi projects are all high risk and high reward, only use risk capital and be careful.
- This article contains affiliate links.
- Most of these staking dApps use locked staking which means you can’t take out your original investment.
FOUND THIS HELPFUL?
I hope you found this post to be informative. If you liked the story, please give it some claps (up to 50) and leave a comment below! It will really help me.
Follow me on Medium if you want to read more about cryptocurrency, passive income, play to earn games and yield farming.
Disclaimer: This is not financial advice, the information in this article is for educational purposes only. Never invest what you can’t afford to lose. I disclaim any liability or loss incurred by any person who acts on the information, ideas, or strategies discussed in my articles. Do Your Own Research.
Don’t have Metamask? Here’s how to set it up
The first thing you want to do is set up a Metamask wallet (if you haven’t done so already). Just open a Chrome or Brave browser and go to metamask.io and click add Chrome extension.
Then you need to add the Binance Smart Chain to your Metamask Wallet.
Click Ethereum in your wallet, then scroll down to Add Network.
Click that and add the following details:
Network Name: Smart Chain
New RPC URL: https://bsc-dataseed.binance.org/
Block Explorer URL: https://bscscan.com