Most of us may have heard about Matic Staker that gives out high ROI but it had collapsed with its fund totally dried up not too long ago.
Matic Staker was very successful at the early stage but it went down due to its extremely high ROI that was not sustainable.
Those early investors of Matic Staker had certainly made a good profit since it managed to last for about 3 weeks.
Cronos Staker has just been launched on the Cronos Network. It has exactly the similar layout and function like Matic Staker. I believe it is probably a fork of Matic Staker.
Below is a screenshot of its locked and unlocked plans.
Currently, its audit is still in progress so it is really hard to say how secure it is but it is certainly one of the early staking apps that I have noticed on the Cronos network.
Below is a screenshot of the contract balance.
From the above screenshot, we can see how much fund has come in within hours. With the amount of fund coming it, it would probably be able to gather many times more in the coming days. The more fund a contract has, the less risky that the contract will run dry when we need to withdraw.
It is extremely high risk but many investors like me have chosen to stake our CRO tokens.
It is always good to enter early for those who really like such investment. New project like this usually can last around 2 to 3 weeks so I had chosen to put my fund into the 14-day locked plan since it is the first day of launch.
I agree that it is risky but it comes with high reward that is attractive enough for us to put in a small amount to have a bet in doubling our investment.
It is good not to invest more than we can afford to lose indeed.
For those who are not familiar with Cronos Network, Cronos network is actually managed by Crypto.com. Whenever I deposit and withdraw from the Cronos network, I actually in Crypto.com mobile app.
I access Cronos network using my metamask both on my laptop and mobile phone.
Below is the using setup on your metamask if you have been using Binance Smart Chain, you should know how to add into your RPC network.
If you are interested in this, I would really appreciate it if you use my referral link below.
https://crostaker.app/?ref=0xE67ac4D724093FEa5882A5167aA79cEE57aa747b
Thank you for your support in reading my investment venture.
Disclaimer: This is my personal reflection and I am not in any position to instruct anyone what they should do. I am not responsible for any action taken as a result of this post. My post can only be a reference for your further research and growth.
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Hello mate!
I remember once I tried to invest in cronos network-based project yet I had tough time moving some funds from my metamask smart chain network to cronos network so I stopped the whole process.
This one seems to be interesting yet I am not sure since there were one for Matic yet it didn't end in the perfect way I see, so I am not sure how good it is to invest in this especially the audit isn't there yet and that's cutting from the time that might there for investment.
Thanks for sharing!
This post was about 3 days ago so this staker has been around for 3 days. It has gathered good support so far but it is really high risk so it is better to stay away when one did not enter early enough. I would never treat this as long term investment. Thanks for the comment and visit.