Buy The Dip or Dollar-Cost Averaging on Cashcow
Cashcow is a new platform running on Binance Smart Chain.
Cashcow has very similar concept as Drip. It gives 1% daily return and it is only its second day.
There was a serious dumping today and it was believed to be done by those who participated in the presale. Each token was only $0.26 during presale.
On the first day, it was pumped to above $7. We see it being dumped today to about $1.45.
After all the presale investors have dumped their takens, it is believe that the token can then pick up its momentum again like Splash token of splassive.
Many experienced crypto investors mentioned in the telegram that it is common for this to happen and I also remember it happened to Splassive when it first started.
In situation like this, many new investors may be afraid of losing their investment.
I do see Cashcow as a potential project which is an improved version of Drip. There is a chance for it to get good notice and this token can even have 10 times to current value but it is really a risk and speculation.
With its value being dumped, I can simply wait and do nothing but it is also a chance to buy the dip or a chance for dollar-cost averaging.
In the end, I decided to buy the dip and I bought its token twice with 1 BNB for each transaction.
It is a risk for a possible good profit. The mindset is the risk of losing everything and also the possible chance to buying it cheap and reap a big profit when it ever gets pumped like many examples of drip-like projects like this sort.
Looking at the whitepaper, the team has made it so simple for even newbies to invest and there is a good chance that they are serious about developing this project.
The founder of Cashcow had already expected the possible dumping from the presale tokens. The whitelist investors have certainly made a good quick profit.
We may also want to ask ourselves whether we want short-term profit or long-term profit.
The founder has announced in telegram that he has plans for future projects with whitelist spots to be made available for those who staked a certain amount of tokens.
He was waiting for the dumping to be completed before making this announcement.
0-10: 2000 $cash token staked (These 10 WL spots already taken)
11-20 : 2100 $cash token staked
21-30 : 2200 $cash token staked
and so on until 100 WL spot
The amount of tokens gets 100 more for every 10 users in the dao. There would be a total of 100 WL spots for future projects.
After purchased and staked the required amount, we need to screenshot and send in our $cash token staked balance to @cryptomayhem2 in telegram.
Not sure whether this is a great offer or a bait for more stakers but we can see that whitelist investors can really reap a good reward.
There is no certainty that I would definitely gain from my investment in Cashcow but it is a risk for a possible high value token like drip.
The current price of Splash is about $38 and it has only been around for about a week.
The price of Cashcow is about $1.64 after the dump at the point of my preparation of this article.
It is definitely a good entry price if this project really gets successful.
Just like Drip, Plassive and nodes, the moment you staked your tokens, they would be locked into the contract so you would not be able to take them out anymore but you would earn a 1% daily reward. With this in mind, it is a high-risk investment but it may have the potential for growth if it gets popular.
Those who are interested to take a bet and be an early adopter, below are some simple steps.
Step 1: Get the $Cash tokens
Its token called $Cash can be purchased from Pancakeswap. It does not have internal Dex like Splassive.
https://pancakeswap.finance/swap
You will need to paste the Cashcow contract address to import the token id into the Pancakeswap. This is very common for new tokens.
The CashCow Contract address is:
0xA947046884fDDC230458448ef9C4A7cBc4703d50
You need to set your Slippage to 10% for the buy tax. (Set higher if it does not work due to price changes)
Step 2: Proceed to its website
After getting the tokens, you can head to the Cashcow website.
Step 3 : Approve and Deposit
Enter referrer wallet address first before you can deposit your token.
Appreciate if you use my wallet address since you get to know about this project through my article.
0xE67ac4D724093FEa5882A5167aA79cEE57aa747b
Enter the amount of $Cash tokens to deposit and Click on the ‘Approve’ button and follow by ‘Deposit’ button.
It seems like the deposit cannot go through if it comes with decimals so remember to put in tokens without decimal to avoid transaction failure and losing your gas fee.
If you still face with issue, maybe you can drop by the telegram to ask the team.
Once you have completed the above steps, you can start to earn 1% daily reward.
Do note that all buying and selling would have 10% tax applied to sustain the protocol.
There is no tax if you choose to compound. (Splassive would charge 5% for compounding)
The total supply of token is locked at 1 000 000 and it cannot be increased. With a limited supply, the team hopes to boost the value of $Cash.
Make your own decision whether it is a risk that you are willing to take as it may turn out better than expected or we may end up losing everything.
With so many scams out there, investment can be really risky but it can also be great profit if we get into a genuine one like the early adopters of drip that many became millionaires.
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.
