Yo' I'm just so happy because I'm not stuck in just one knowledge. I mean, staying here in read.cash really gives me a lot but not too much of knowledge that I think is beneficial to me. You all know how I started here with zero knowledge about Cryptocurrency. But now, I can say that heh - I love my new found knowledge here in read.cash. This will never happen if read.cash doesn't exist.
I don't really put much effort in learning about it to be honest guys. Like watching on YouTube and all? No, I don't do that. It's all thanks to read.cash, I will say it over and over that it's really thanks to read.cash that I'm doing what I am doing now. And, those users that continuously sharing their own experience when it comes to cryptocurrency. They don't hesitate to help if one asked to. Our community, or our read.cash community is really one of a kind.
Because of read.cash we can learn a lot just by reading. From general knowledge to Crypto things well - not only these because we can really learn more as in from complicated to the most complicated one. You can find all of that here. I'm just thankful because there are some that keep on sharing their knowledge by using a simple words. I mean, it's more easy to understand than the others that when read by a simple and noob user like me will only get a headache, lol.
I'm actually like that before. It's just hard to absorb all of it in just one read. I'm one of those who always say "Sana All" when I read those articles about Crypto and not doing anything or exerting some effort to learn it. I mean, why say "Sana All" if you can also learn it just explore more about it. Read it seriously, absorb it and who knows. Maybe later you can become one of those"Crypto Expert" who knows a lot when it comes to Cryptocurrency. You can become a trader if you want, oh gosh that is the coolest man!
Alright, my introduction - once again is a bit long. Tsk, I just want to share the things I did yesterday you know.
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Okay, I decided to transfer my $CAKE in my Trust Wallet and try PancakeSwap - and stake it in Syrup Pool. I learn this in @Eirolfeam2 article, her artikol is so easy to understand that's why I was able to do it. This is what I love in read.cash, those users trying new things and then share it here with their best explaining it in simple manner (chorr sa simple manner) lol. And now I'm in it too.
Hmm, so I bought my $CAKE when it dumps at $29.99. I really thought it won't dump more but it happened. It crashed until $16+ I think? Not really sure. I bought too early, last May and I got 1.667 $CAKE. Then I bought again at $18.467 and I got 2.127 $CAKE just this month. And I plan to just hodl it on my Binance account, that's the original plan but then I read Florie's article that's why I change the plan.
As what others always say, this is not a financial advice. This is just our exploration in a mining field that when you accidentally land your foot into those mining field it will explode and you'll die for sure. There's a risk in here you should know that so, DYOR or always Do Your Own Research before trying things that involves you hard earned money. And remember to love yourself!
Here's Florie's article about it, check it, read and absorb it then kaboom. Let's dig our own grave and die together - Staking Cake On Pancakeswap: Building Passive Income!
If you don't have CAKE you can buy some in Binance. Or just do Spot Trading and Sell your Bitcoincash if you want. Then once it's sold, Buy your CAKE in Binance and then Kaboom. I prefer this one coz you can earn while doing Spot Trading just Buy Low, Sell High. Or if you don't want to stress yourself and just want to get on the main event then use Binance Converter.
And , you also need BNB SmartChain in your Trust Wallet for fees if you want to try this. You can read it in Florie's article guysuu. It's a requirement if you want to try DeFi.
So, the minimum amount in conversion is 0.03BCH that would be $18+ in USD. So, it's up to you if you want to add more in it
You can read more here: Staking Cake On Pancakeswap: Building Passive Income!
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You may encounter a problem once you send you funds in Trust Wallet like even if you receive it, it's not reflecting in you wallet. You can just do this if you're new to Trust Wallet.
At the upper part, right side just look at the screenshot. Tap that and search for PancakeSwap.
That's the result, you just have to enable that PancakeSwap - just look at the screenshot so that it will show in your Trust Wallet main page.
And there it is. You're $CAKE will show in there and from there, you can finally start you Staking it in your PancakeSwap - Syrup Pool.
You can read more here: Staking Cake On Pancakeswap: Building Passive Income!
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So, I started staking my CAKE yesterday at 1:55 PM and as of 11:57 PM I already earned 0.00624 CAKE or $0.13. Not bad compare to when I just hodl it in my Binance account. You know, just sitting pretty and not moving - yeah the value is moving but the number of token is still the same. And, I know it's risky but I only invest what I'm afford to lose. So, I'm betting on it. Heh.
You can easily explore the site guys. As long as you know what you're doing you can easily stake it without a problem. I pay $0.08 BNB just for enabling it and another $0.76 BNB in staking or confirming it.
And also, you can choose any token you want to earn in the Syrup Pool. I mean, when you stake your CAKE you can earn $SKILL, $BTT, $WIN, $PMON, $TRX and a lot more. You can just check it here guys - PancakeSwap.
As for me, I choose CAKE as it has the highest APY which is 92.55%.
You can read more here: Staking Cake On Pancakeswap: Building Passive Income!
So, I just blab here about my $CAKE it's not really a Guide on how to Stake in Syrup Pool. I didn't bother creating my own version, Florieeeee has all of that. Just tap those link above - only if you want to try. Don't do it if you're not ready yet. Do it when you're not afraid anymore to love again.
Recent Article
Read these to Start in Club1BCH
August 19, 2021
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Wala pa talaga akong knowledge dito ate haha. Taga sana all muna ako dito. 😁