Nope, this post isn’t about another Ponzi scheme or crypto miner. It’s about a legit DeFi project that (currently) generates more than 5% daily returns!
Dark Crystal — One of the most promising crypto projects
In fact, 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 investment and passive income opportunities.
The project is driven by a fantastic development team and community that stand together even in challenging market situations.
Today, Dark Crystal is a complete ecosystem with staking, yield farming, nodes, tons of additional features, and a rapidly growing community.
Dark Crystal Investment Strategies
Earning money with Dark Crystal is pretty simple. Therefore, in this blog post, I will introduce four core strategies. Moreover, afterward, I will provide a step-by-step explanation of how to invest. But let’s start with the core investment strategies to earn up to 5% daily returns!
Investment Strategy 1: Staking to earn up to 5% daily!
Dark Crystal offers various opportunities to stake the project’s tokens or liquidity pools. Besides staking DARKCRYSTL, the project’s native token, you can go for five different liquidity pools (In case you don’t know how to create liquidity pools — here’s one of my latest videos with a step-by-step explanation.
And here’s the juicy part: Depending on the token(s) you stake, you can earn up to 5% (sometimes even 6%) daily at the moment. That’s a pretty decent passive income!
Investment Strategy 2: Buying Nodes to earn passive income with 500% ROI
Just recently, Dark Crystal introduced a fantastic investment strategy called “Nodes.” Nodes can be seen as fixed passive 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% ROI. 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.
Similar to staking, Nodes are available for single tokens (Darkcrystal or Mine) and liquidity pools.
In case you need a detailed how-to, here’s one of my recent posts about investing in Nodes.
Here’s an overview of the nodes that are currently available.
Investment Strategy 3: Mining to get 5% daily returns
Here’s the third amazing investment approach you can realize with Dark Crystal. Since DARKCRYSTL is an algorithmic-pegged token, you can “create” more tokens by staking MINE tokens. But, of course, you must acquire MINE tokens in the first step and put them into the so-called Darkroom.
At this point, your MINE tokens will start to “create” DARKCRYSTL tokens — as long as the price of DARKCRYSTL is higher than the price of CRO. This is an important aspect you have to bear in mind.
Currently, the daily APR is more than 5%. And since the price of DARKCRYSTL is well above CRO, it is likely to receive this high APY for quite some time.
Investment Strategy 4: Auto-Compounding Vaults that generate up to 1 Billion APY
And here’s the last investment approach Dark Crystal offers. Actually, this is probably the most amazing one. Dark Crystal teamed up with Magik to provide auto-compounding vaults to their users.
So what does that mean: With vaults, you provide liquidity to the ecosystem (so-called yield farming). Therefore, you have to deposit liquidity pools again. Currently, you can deposit three different liquidity pools:
DARKCRYSTL — WCRO
MINE — WRO
DARKCRYSTL — MINE
And here’s the crazy part: Vaults have an auto-compound feature. That means they automatically add your earnings to your deposit to increase the subsequent profits. This is probably one of the most powerful features you will find in the crypto space.
By doing so, you can currently achieve insane APYs of more than 1 Billion!
Looking at a daily basis, the vaults generate between 2% and 4% returns. Therefore, even if you don’t plan to invest your money for a longer time, vaults generate a massive daily income.
How to get started with Dark Crystal
Alright, since we know about this project’s amazing opportunities, here’s a quick guide on getting started with the Dark Crystal project.
Depending on your investment strategy, you should buy DARKCRYSTL or MINE tokens. However, the process for purchasing the tokens is identical.
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 Dark Crystal tokens—depending on your investment strategy.
Therefore, you must use a decentralized exchange (DEX) to swap your CRO tokens. The best way to do this is by connecting to mm.finance.
On mm.finance, you can swap your CRO tokens into DARKCRYSTL or MINE tokens. Simply select “Trade” — “Exchange,” and afterward, the two tokens as shown below.
In case you don’t find the tokens on mm.finance, here are the tokens’ addresses:
DARKCRYSTAL: 0xEfA1FABC2AB6219174aD1c912F56f7de53cDc1E1
MINE: 0x0944d9a8Dea16af1170c51E8DD3921C727A06cBd
You can simply input the addresses in the token text field.
Step 3 — Build a liquidity pool (optional)
If your investment strategy contains liquidity pools, you must create them now. To do so, you can easily select the Liquidity menu item on mm.finance.
Select “Add Liquidity” and input the required tokens, as shown below:
As the last step, you input the amount of each token and generate the liquidity pool.
Step 4 — Invest!
Alright, you are all set. As the final step, you can head over to the Dark Crystal website and invest according to the chosen strategy!