I was going to say getting into Cronos DeFi (Dark, MMF, etc.) was my biggest mistake, but I think you're correct on this point. I probably tripled my bag early days in CRO DeFi but got greedy and kept "re-investing" (read: doubling-down) and got burnt in the end. If I took profits, I'd have lost value but I wouldn't be down on my initial investment.
And there was me buying more and thanking CZ, moved it to DeFi and started staking there again. I’d withdrawn staking 9 months ago and used that plus topping up every week with free CRO from using mine and hubby’s card. All that went into the MMF ecosystem, last week I reached my initial goals for the MMF coins I wanted. Now it’s back to staking CRO at 11.29%, just keep adding numerous coins to my overall portfolio. CRO be is one that’s up there for me and I feel it’s a fire sale right now, just can’t imagine selling at these prices but we all have our strategies I
Good luck to you OP. About this time last year I bought into Shib, then got Cro, then Elon, then MMF... every single one of them I lost money, the biggest being Cro. I unfortunately bought in at ATHs and it's been all downhill from there. lol Over the past year I just accepted my losses and moved on, the only one I have kept is Cro. I might just keep a hold of that till I break even either that swap for BTC or ETH.
Well MMF did have a big scam soon after launch I believe. 31 million disappeared and then suddenly something about the dev said it was a test and the funds will be returned. So MMF is a really bad example. More [here](https://cointelegraph.com/news/dev-says-31-million-meerkat-finance-exploit-was-a-test-will-return-funds)
I didn’t talk about prices either though. I said everything is down But also, the article talks about Total Value Locked. How do you calculate it? In dollars. So you can’t deny the correlation with prices. The TVL in MMF has gone down by hundreds of millions technically (it was all inflated with tokens linked to each other). But still, you could have the same amount of tokens staked today, the value would still be way down because the prices crashed to oblivion
Lmao let me know how it went But honestly MMF was such a wild ride, I was quite new in the crypto space and it was all too good to be true but I was making so much money compared to what I was putting in. If I had just focused on MShare and compounded daily I probably would have made a small profit instead of losses. DeFi is a great place for profits if you know how to pull out on time. I just don’t want to check the charts every 10 minutes anymore
Again, pancake, uni and other swaps are the main dexes. But it all depends on the chain you are using. I don’t want to just repeat what other people said. Not sure I’ve seen anything about the cronos chain so I’ll say VVS and MMF, you can trade some coins there.
I haven’t seen MMF on the daily in a long time. But yeah, absolutely crazy, it taught me to take profits, to not get attached to a project, and to sell at a loss rather than lose more. An expensive lesson but a lesson nonetheless
My biggest regret in crypto is MMF’s cousin, Toxic Deer. I could have sold at a really good profit when it started wavering, I didn’t and just broke even in the end. But then I remember thinking “when it hits 50 I’ll buy again”, obviously didn’t and it went up to 600 shortly before crashing again…
I don't even know MMF and CROGECOIN lol.. you must have been very early then? Anyway I think you made a good choice by leaving this space. Family should always come first and probably friends, hobbies and work after that. I see crypto as a hobby but I can see how there is a thin line between hobby and addiction. Anyway I'm happy you made your peace but if I was you I'd probably stay out of this sub so I dont get dragged back in at the next "chance of a bullrun"
1 lost about 13k, fortunately they were all profits (that I didn't take)... managed to get my initial investment out, thankfully. I was making lots off MMF, then BOOM "fuck your money" lol... I also bought and sold "croge coin" early. Missing that boat caused some nasty gambling habits lol... I've been way happier without crypto, mu family likes me better too. I was always distant, looking at charts, and gambling on shit coins.
The entire MMF ecosystem ( mmf, svn, pes, hkn/mtt). My first and last time into yield farming. The devs are very active + tonnes of new projects were onboarded. It felt promising at the start, with nfts, promised games being developed. But somehow it has been tomb of tomb forks that rugs. The devs started moving out from the cronos chain to polygon, and it has been a shitshow since.
Madmex from polymm.Finance is a defi app on polygon that allows leverage trading for up to 30x. You buy the MMF token and get up to 100x trading fees reimbursed. Currently supports BTC, ETH, MATIC, USDC. >Receive up to 50% trading fee rebates in the form of USDC when you stake MMF into the rebate funding wallet. >Receive to 100% trading fee rebates in the form of USDC when you qualify for the highest tier & have enabled deduction of MMF. >Purchase MMF tokens
Speak of the devil - latest update from MMF dev team here. I need to absorb it properly, but first glance it sea like some positive remedial stuff https://medium.com/@MMFinance/%EF%B8%8F-the-tragedy-of-the-commons-our-solution-9b05399349b5
I can't even. Basically high yield ponzinomics in effect, combined with the broader market dump generally. Maybe there's a future; they've launched on Polygon now, and there is apparently a major exchange listing is in the making - but too many tomb forks along the way and everything else has led to a pretty exhausted community. There is still swing trading going on, and I expect whale pump/dump antics. Polygon seemed to start ok, but has been dropping in a similar pattern. There was a suspected rug by Scrub Finance at one point as well - which seems to get pointed to by some as a/the negative turning point (though that may just be convenient) - I don't really know the ins and outs of it. I'm sure you could dig it out in the MMF sub though if you really fancied.
MMF. Full stop. Currently sitting at 7% of average buy price (which was already averaged down a fair bit. Waste of time realizing the loss. It can just sit there until there is a random pump at some random future time. Which is probably unlikely.
Just now i noticed MMO (polygon) showing high volatility in a small time frame also if u see the recent achievement of project MM Finance to which it belongs they are no.1 in TVL on polygon network this is attracting many users for farming as more the TVL the more secure is the farming site. Feature that distinguish it from other farming site is that they also offer stableswap means you can start providing stable liquidity to start earning trading fees also can stake it on MMF Farms to earn extra yields. Stables that it supports are USDT/DAI/USDC. There farming offers very high apr as compare to their competitors because of autocompounding. Their dex has lowest swap fees on cronos and polygon i.e 0.17% only. They also offer launchpads for projects build on polygon and one can participate in it by committing MMF or MMO token by providing liquidity. They are having 4th launchpad on 28 august of AUTOSINGLE (The First Automated Yield Farming Strategy Protocol aimed at providing automated yield farming strategies with well back-tested algo bots). However day traders can use volatility of this token to generate quick profits right now in 24 hr it is trading between 7.5$ - 12.5$ but its always good to make DYOR.
Im in a similar situation, I started crypto at a bad time though (November 2021 when everything was at all time highs) and then in January everything started crashing. I feel like stuff is starting to pump agian right now and then it will probably crash agian by January-February. This is my experience with crypto ​ * Started crypto in November 2021 with a project called Planetwatch that sold air quality sensors that give you crypto for having them running in your house, I purchased 1 device for $300 plus 3 year license fees which was like $80. At first they said that there was no limit per account on the number of devices that you could own and I was earning like $8 a day in crypto from each device so I figured that I would ROI on the $300 per device in no time. The devices were selling for $500-$800 on eBay too in the second hand market. I originally ordered only a single device but I thought "hmmm... im making $8 from each device if I put one in each room in my house 3x$8 a day = $24 a day x 30 days = $720 a month" so I ordered another 2 devices. I found out that Planetwatch limited the devices to 1 per household after I placed my second order but I figured since they were selling for 2x the price on eBay I could just sell the other devices that I purchased on eBay when I get them. The devices were on backorder for like 2-3 months, while I was waiting for the devices Planetwatch suspended the sales of the licenses that they were selling to earn crypto from running the devices and by the time that the devices finally arrived they had announced that they were going to stop supporting the devices and stop selling the licenses all together so I had to sell the additional devices at a $200 loss each on eBay because the price of the devices tanked after they announced that they would no longer support them. Planetwatch and their token has since then made one bad decision after another and the project + their crypto token (Planets) has tanked since November 2021. * In November 2021 when I got started in crypto I also started with Crypto .com when their token price was at like $0.60+, I staked $4,000 for the Jade Green tier card to earn 3% crypto back on my purchases with their debit card but they slowly started cutting benefits from their staking platform and people started dumping their token the price went from like $0.80 down to like $0.50... then they cut the percentages of cash back earned from each card tier and the token took another big dump from like $0.40 to $0.20 (all this was going on while my money was locked up in staking using their defi wallet for a month while the token was dumping in a holding period that they have for "unbonding" and I also had my $4k staked in Jade tier that was now worth like $1.5k after the token took 2-3 big dumps and it was staked for 6 months). By the time I got out my $4k Jade tier stake went to $1.5k and the $1k I had staked in the Defi wallet had also tanked in price. Today the token is hovering around the $0.14-$0.16 range from the $0.96 all time high price in November 2021. * In November 2021 when I started in crypto with Crypto .com I started staking on VVS Finance but I saw their token price going lower every day and there were a ton of MMF Finance trolls on Reddit spamming the VVS Finance forums saying that MMF was better so I decided to give MMF a chance to see what all the people were spamming about. I tried MMF-CRO farm, MMF-USDT farm, MMO Vault, MMF-MShare Vault, and I was earning pretty decent money from it but then MMF had a big scandal with a project called Scrub Finance and some insider trading scandals with whales and devs getting insider info and selling off tokens for a profit and their token price tanked overnight. All the trading pairs that I had on their site lost 50% value or more overnight because they were all paired with MMF ecosystem tokens and then while the MMF ecosystem tokens were tanking the CRO token was also tanking which made my losses even bigger (I literally got rekt). Nowadays MMF is trying to pull off the same scam on poor unsuspecting people on the Polygon chain by launching their site on the polygon chain from Cronos. * After MMF I tried a website called Toxic Deer, I was making like $80 a day from their boardroom by compounding my earnings 6 days a week and claiming profits 1 day a week. I had almost made back the $4k Jade tier stake that I lost from when the CRO token crashed, I had earned back $3.4k out of the $4k but then the whale swing traders found out about Toxic Deer and they started swing trading the token over a 3-5 day period until they drained all the liquidity from the contract. While the swing trading whales were attacking the contract my money was locked up in their boardroom because every time that you compound earnings it locks up your funds for 3 days... by the time that I was able to withdraw my funds their token had gone from $1.9k per token down to $300 per token so I lost like $3k from that experience. * I also tried Pancakeswap around this time, when I got in though their token price was like $20 per token and nowadays its sitting at $4.35 per token. I havent gotten rugged and the website hasnt totally collapsed but the tokens have tanked in price greatly from when I got started in the project. * I also fell for a crypto "front running bot" scam on YouTube where the video said that I could use their script to create a bot that would buy tokens when their launched for me and swing trade the token to earn profit, the idea was legit but the script was not... the script that the Youtube videos post asks you to create the script and post it on a website then launch the script and send funds to the script to fund the bot, I sent 0.6 BNB tokens to the bot to fund it because the comments on the video all said that they were making money from the script and in the video the guy showed how his metamask had 0 BNB in it and by the end of the video he had 20+ BNB tokens in it so I got lured by greed I guess... well anyway when you send funds to the script it forwards those funds to the scammers wallet and then the scammer uses a website that mixes the scammed crypto that they took with a bunch of other wallets to "clean" the stolen crypto. I found out about the scam by searching "front running bot scam" on YouTube but only after I had already lost the 0.6 BNB which was worth like $200-$250 at the time. ​ So yeah my experience with crypto hasnt been too good either lol, lots of scammers in the crypto world.
DeFi is not for the faint hearted given the volatility (10-60% daily swings), but for experienced day traders it's a goldmine. MMF on Cronos was a solid launch, but crashed as hard as VVS so I would also stay away at this point - at least until we know the market has really turned ($30K+ BTC).
I mean, for people who’ve been DCAing since the crash, I imagine that you’d still need for MMF to go back to at least 0.5 to be back to profits? Unless you poured thousands in like a degen. What’s the best daily Apr in the vaults right now?
I think all the overthinking of where to put a piece of paper is ridiculous. Keep it somewhere that nobody knows and make sure it is confined inside of something. I keep mine in a pouch like this [deposit bag for important papers](https://www.amazon.com/MMF-Industries-Seven-Pin-Security-233110808/dp/B001C8HER6#)
> i personally feel a lot more confidence with Binance during both bear and bull markets. I think that's understandable, I feel pretty much the same. > Admittedly i don't have nor want a credit card so i didn't give much thought as to how that could matter for people that do. Here in Europe it's still a pretty decent choice, there aren't many alternatives and the cashback in CRO is an extra value if you think it will grow, which can happen or not but at that point it's just a bet. > The difference between Binance and FTX or Coinbase is already huge and those are number 2 and 3 respectively, now go down the list a bit more and it just starts to look very bad in terms of market share. That's true, in fact I hope CDC brings the exchange to US very soon and that they can then lower the fees given the bigger audience, at that point I think it could take the spot of strong and established tier 2 exchange, with the opportunity to grow from there. > i still don't see it now and all these changes they've been making the past months seem pretty desperate to me, just like it did when they announced them in the first place. As they've never seemed to be able to really compete even though they literally have crypto.com as their name. Here I disagree, they introduced big rates and big perks, both with Earn and cards, and they bsaically x10 the customers. I wouldn't underestimate the Cronos chain: it's actually fine and works ok, low fees but the main thing is that it's slowing gaining market share (data [here](https://defillama.com/chains)), it's now 7th by TLV, it has lost much less than the others and it has the same market share it has in early April with the MMF bubble right before popping, at the time it was in 9th place or so. And the difference with BSC was like 9 billions, now it's like 5. > As they've never seemed to be able to really compete even though they literally have crypto.com as their name. Honestly I think the name is pretty much useless, anybody buying crypto has heard of at least Binance and Coinbase the moment he jumped in.
I was balls deep into CDC, currently holding the Royal Indigo VISA and before the changes working my way up to ICY WHITE. Not any longer of course. I was using the earn program for a few coins like DOT, MATIC, ETH, TGBP and USDC. I was also doing DCA on CRO trying to reach a target of 50,000 CROs. I was using their DeFi wallet for staking CRO plus VVS Finance and MMF Finance for yield farming. I brought more than 20 people into CDC ecosystem mainly because of the cards. I was also using their NFT platform for a while to sell my NFTs me to flip them as well… As for today I removed all my coins from the Earn Program and the App. I have only left my card staking that is 5,000 CROs. I had 35,000 CROs and I sold 15,000. Now I have 20,000 on DeFi on staking for 12%. That’s it. I removed everything from VVS and MMF. I don’t buy any more CRO. I sold al my NFTs and I’m back using OpenSea. I don’t promote the platform any more. If someone ask I tell them to be careful. I think they might survive the Bear and I see CRO maybe between $1-$2 in the future like 5 years maybe more. The reason? I think all these platforms are going to fail and are not sustainable in the long run. I didn’t like the way they handled the communication with their customers. I’m not bullish any more in the whole ecosystem but I do think it can survive. I think 25,000 is a decent bag for me. I’m not gambling any more in CRO. At some point I was obsessed. I’m not any more. I took everyone out because I feel they can easily do a Blockfi, Celsius, Voyager, Anchor, 3AC. All these supposed solid platform are gone in a matter of weeks. Why CDC is different. I don’t feel they are different.
I like the cronos blockchain and am personally vested in all. Vvs Tectonic MMF and Cro. Anyways don’t feel like they are going anywhere on Crypto.cons blockchain. Anyways good deals on stuff right now with long term growth potential. Anyways not financial advise but worthy of taking a look at. All have good staking potential on the corresponding defi sites on CDC.
Cronos actually performed pretty well as a blockchain, unfortunately the two main projects VVS and MMF are nothing to write home about, but the chain has potential, it's fast, reliable and inexpensive making it a good solution for nft and other projects in the future.