No, this post is not about another scam crypto miner. On the contrary, here’s a legit approach to earning 500% APR with cryptos!
I know, 500% APR sounds crazy, like a scam, or just another Ponzi scheme. Well, actually, in this case, none of the above attributes are valid. On the contrary, one of the most appealing aspects of cryptos and decentralized finance is that such high figures can be achieved — with a legit project.
Dark Crystal — The project that generates 500% APR
Dark Crystal is one of the most promising projects launched recently on the CRONOS network. The project contains three tokens: $DARKCRYSTL, which is pegged to CRO (the main token of the CRONOS network), $MINE, and $DARKBOND.
Although the project launched just a couple of weeks ago, it already offers a wide range of services and possibilities to invest in. However, this approach will mainly focus on so-called “Nodes.”
Dark Crystal Nodes — Generating a fixed income
As one investment strategy, Dark Crystal introduced so-called “Nodes.” Nodes can be seen as fixed income generators. Your initial investment is locked, and over time, you reserve your initial investment plus a 400% return. So the total payout sums up to 500%. Usually, the nodes generate around 2% daily returns—sometimes a bit higher, sometimes a bit lower. Accordingly, it would take approximately 250 days to receive 500%. After reaching 500%, your node stops generating returns.
Example
Let’s say we invest $100 and buy $DARKCRYSTL nodes. Based on the current $DARKCRYSTL price, we could buy ten nodes (each node contains 50 $DARKCRYSTL tokens). In other words, we locked 500 $DARKCRYSTAL tokens.
Afterward, we receive ~10 $DARKCRYSTL daily (2%) until we’ve reached 2,500 tokens (500%). If the price remains stable over time, you would have made $500.
How to buy Nodes
Buying nodes is actually very simple.
Step 1 — Getting your Wallet ready and funding your wallet
Dark Crystal runs on the CRONOS network. That means —first of all— you need a wallet (for example, MetaMask) and connect to the CRONOS network. In case you haven’t a wallet, you can download MetaMask here. MetaMask is a pretty standard wallet and is used as a browser add-on. Furthermore, you have to add the CRONOS network to your wallet. This only takes a minute and is perfectly explained here.
Furthermore, you should have funds in your Metamask to buy the required tokens (for example, you should have some CRO tokens). If you don’t have CRO tokens in your MetaMask, the easiest way is to buy them on Crypto.com (Use my referral link to sign up for Crypto.com, and we both get $25 :).
Once bought, you can transfer the tokens to your wallet.
Step 2—Buying Dark Crystal tokens
As a second step, we need to buy the tokens used for the mentioned nodes. Currently, Dark Crystal offers four different nodes. In our example, we will go for the DARKCRYSTL node.
Therefore, you must go to a decentralized exchange (DEX) to buy DARKCRYSTL tokens. The best way to do this is by connecting to mm.finance. On mm.finance, you can swap your CRO tokens into DARKCRYSTL tokens. Simply select “Trade” — “Exchange,” and afterward, the two tokens as shown below. In case you can’t select DARKCRYSTL, you can input its contract address: 0xEfA1FABC2AB6219174aD1c912F56f7de53cDc1E1.
Step 3 — Buying the Nodes
Perfect, we’re almost done. So we already funded our wallet and swapped tokens into the required DARKCRYSTL tokens. As a final step, we head over to the Dark Crystal project website.
There we can select “DARKCRYSTL NODE.” Next, we need to “Approve DARKCRYSTL” — that basically means we allow Dark Crystal to access DARKCRYSTL assets in our wallet (of course, only with our permission).
So once you click on Approve, your wallet will pop up and ask you to approve. Once you do that, the “Approve” button will disappear, and you will see a “+” button. Now you can simply click the “+” button and select the number of nodes you want to buy. Please remember that you will need 50 $DARKCRYSTL for each node.
Step 4— Enjoy your fixed passive income
That’s it, you’re all set! Once you buy the nodes, you will start earning the daily returns. Your returns will be added in real-time, on-the-fly and can be withdrawn at any time.