Reddit Posts
ALGORAND - The Future Of Finance
What projects are you using for passive income?
Ledgermatic’s treasury and custody services now live for the Algorand ecosystem
It’s not just ADA trying to empower African nations. ALGO is doing a lot for the developing world. See also: launch of ARCC.one (SE Asia focus, piloting in the Philippines)
It’s not just ADA trying to help Africa. ALGO is doing a lot of the developing world. See also: the launch of ARCC.one (SE Asia focused, piloting in the Philippines)
IOHK gets a lot of praise for its Africa focus, but Algorand is arguably doing just as much
The International Blockchain Monetary Reserve, an economic development agency, has launched ARCC.one, a crypto microfinance platform for financial inclusion built on Algorand
Mentions
I guess the timescale is what matters. If I own farmland or ARCC stock, it generates cash flow indefinitely and i can hold and collect the cash flow. Someone will buy it from me 20 years from now because it has cashflow. The risks to these NFTs continuing to be popular and valuable (outside of maybe a handful that have some unique factor that a narrative forms around) are: 1) Reddit may not be a dominant site 20 years from now, 2) there are many other platforms and services selling NFTs - what percentage will of simple avatars or profile pics or whatever will continue to be valuable in the long run?, 3) at some point there will be some new collectibles fad and people will dump the old stuff, 4) the crypto market crashes permanently at some point and owning jpegs is seen as the opposite of a status symbol but rather an indicator of poor judgment. If at some point site x displaces reddit, how important will these NFTs be? Also in the long run won't people be using a wide variety of paid NFTs and free profile pics on Reddit? Why do I care about having a 1st edition avatar? Maybe some people get value out of flexing and getting social proof but it seems highly speculative that these specific profile pics will be the ones that people value in the long run even if the above stuff doesn't pan out. Maybe some beanie babies and pokemon cards still sell for a lot but will they in 100 years?
OP pretending he's learning just like the reader and doesn't want to be responsible for ppl losing money. Bullshit. In fact he intends to scam as many ppl as possible. There is a function on [https://tinychart.org/](https://tinychart.org/) available to asset owners that will freeze the asset and stop other wallets from trading the asset. OP could turn on that function and limit the exposure, but he won't. OP already knows about this capability because one of the other scams he was shilling was ARCC which OP posted a screenshot showing this function. That's where I saw it. I'm surprised reddit allows this to continue.
I'm still staking YLDY for ARCC... I consider it lost if it never goes back up at this point.
That Yieldly>ARCC pool is too lucrative.
ARCC has a dex? News to me. My understanding is that the project is trying to bring financial incentives and inclusion to people in poor Asian countries. Pretty cool use case. Not entirely sure on its potential but it's nice to be earning them for minimal exposure on Yieldly.
Is anyone here bullish on ARCC? I just staked a little over 15k on yieldly for the 89% returns.
It does have an ETH bridge. Most of the use cases center around the ease of development and the ease of transactions/verification. https://www.algorand.com/ecosystem/use-cases Some of the cooler ones in here: Marshall Islands: Algorand was selected to power the first national digital currency, known as the SOV, which will circulate alongside the US dollar and help the Marshall Islands efficiently operate in the global economy. I actively use tinyman, yieldly, am holding Opulous, ARCC and HDL. I also am a user of Lofty.ai which uses Algorand to tokenize real estate and distribute daily rent payments to holders.
My understanding Yieldly platform helps these newer projects obtain significantly more liquidity and attention early on than they would on their on. Each project directs a set number of their tokens to a Yieldly staking pool which are slowly released every 30 minutes for 30, 60, 90 day, etc until the pool. People staking their Yieldly tokens into whatever pool are just earning their share of the set number of token proportional to their stake in the pool. The best part is, and the main reason the APYs are so high is that you have to choose which pool to stake your Yieldly (YLDY) in and there are only so many YLDY to go around. Also, these tokens are so new to trading that the prices are very volatile, thus sometimes wildly changing the APYs shown on the Yieldly platform. No matter, this doesnt directly affect the amount of tokens you would recieve from staking. Right now I believe you can stake into 5 different pools: YLDY-->YLDY/ALGO YLDY-->OPUL YLDY-->SMILE YLDY-->ARCC YLDY-->GEMS. YlDY-->XET coming soon. Having all of these different pools spreads out everyone's YLDY and since these are set numbers of tokens being released, it in turn increases the APY, which. Using the platform is a great way to gain low risk exposure to new projects regardless of the YLDY token price movement or lack thereof.
Check out ARCC. Its an algorand standard asset (like an ERC-20 token) that is aimed to alleviate poverty in southeast asia. Its a pretty interesting project. https://algorand.foundation/news/ibmr-announces-public-beta-arcc-one
I hodl yieldly and do the daily staking there. They have some other staking options for OPUL, ARCC, and SMILE. I've been exclusively staking for Yieldly and ALGO, anyone know much about the other coins? All fairly low market cap, but can't say I've done much research on them.
Is anyone staking YLDY for ARCC or OPUL?
Thanks a lot! Never heard of ARCC but that sounds great. I'll have to do some research about it!
Asia Reserve Currency Coin (ARCC) is an ASA launched by Algorand and the International Blockchain Monetary Reserve. Their white paper is insanely long but the stated goal is to “Provide debt free capital to urban working poor in Southeast Asia, wherein over 300 million adults do not have a bank account or lack proper access to credit, investment and insurance facilities.” If you’ve ever been to a country like Vietnam or Laos you know the governments have destroyed the native currencies through hyperinflation. Yieldly just created an ARCC staking pool that has a juicy APY for the next 90 days. I’m not shilling for them, just thought it looked like a cool project after reading some threads from their CEO Sinjin on Twitter.
📣 International Blockchain Monetary Reserve’s @ARCC_IBMR 1st pool launches 27 Oct ⏳ \#IBMR aims to break the cycle of poverty & wealth disparity in emerging markets in \#SEA 🌏 \#Stake now on Yieldly to get $YLDY, $SMILE & $OPUL, with $ARCC, $GEMS ➕ more coming 🤩 \#ASAlliance *** posted by [@YieldlyFinance](https://twitter.com/YieldlyFinance) Photos in tweet | [Photo 1](http://pbs.twimg.com/media/FChtEw_VkAMtEdM.jpg) ^[(Github)](https://github.com/username) ^| ^[(What's new)](https://github.com/username)