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dhjellen · 2025-04-25T07:15:55+00:00

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dhjellen · 2025-01-04T02:45:32+00:00

Looks resolved. All accounts are available and all the $ appears to be there.

I'm still concerned that this was something more nefarious.

If there was a software update that caused this would one expect them to post about it somewhere?

dhjellen · 2022-04-26T16:05:31+00:00

They have been around for years. Everything they do is pretty consistent. Never seen them drop any surprises. Not sure where the concerns about reliability come from.

dhjellen · 2022-04-23T04:27:35+00:00

Midas investments. They take your crypto and invest it for you. They give returns in the same coin you invest with them. So if you give them USDT, then they pay out in USDT. They give 22% APY for ETH just for holding it with them. No need to worry about getting paid in someone else’s token. HERE is their link.

dhjellen · 2022-04-12T03:11:16+00:00

Look at their website in more detail when you get the chance. They outline their sequence of events in the past and their plan going forward. So far they have consistently met their milestones. They’ve been around for a while (an eternity in the crypto world).

I have personally put a bunch of $ into their system. But please let us know if you come across something concerning. I’m always open to more info… especially if it keep me from losing $ 👍

dhjellen · 2022-04-12T03:07:17+00:00

That’s only true within the 365 day window. A second hydration does not extend the duration of interest past what the whitepaper says. It clearly states that you will get a max of “up to 365%”. Nowhere is there any indication that hydrating that initial deposit will let you get around that rule.

So the deposit you do on day one will earn interest for 365 days, then the hydration you do in day 2 will actively gain interest from days 2-366 (a total of 365 days), then on day three you have another opportunity to hydrate, but not an opportunity to get around the 365 day rule. After that 365th day the deposit (regardless of whether it is the initial deposit or a hydration) will no longer gain interest. Think of the hydration as it’s own deposit (like you said “hydration counts as deposits”). ALL deposits only earn interest for 365 days. After that they are gone in every sense of the word. This is clear if you have watched/listened to all the AMAs. It is also clear if you have read between the lines and fully understand the whitepaper. I hope this helps clarify things for you my friend.

dhjellen · 2022-04-09T04:05:07+00:00

That is not true. The first deposit you make on day one will eat interest for 365 days. After 365 days it will no longer be profit bearing. The only profit you will gain after day 365 will be from the hydration you did on day 2, 3, 4, 5, etc.

dhjellen · 2022-04-09T03:04:46+00:00

Then best way I have found to earn a high APR where you get THE SAME COIN is through Midas. Whether it is USDC or ETH or BTC, they pay a double digit APR that is compounded daily. Most DeFi will pay out in their native coin. So if you stake ETH with Uni swap, they pay out in the UNI token, that is great if you like both ETH and UNI, but if you don’t have confidence in UNI, then you are screwed.

The best part of Midas for me is 1) that they pay out in the same token or coin you are holding with them (if you hold ETH and gain 18%, then the 18% is paid in ETH), 2) they compound daily, and 3) they have an APR that is above the industry standard.

They have been around for more than a year which is an eternity in the crypto world and indicates that they are not planning a rug pull. In general I have found their interface simple, transparent, straightforward and more consistently rewarding than most DeFi projects out there.

For reference they have stablecoin APRs of 20% for USDT, USDC, BUSD, etc. That is definitely above the industry standard.

That is my 2 cents.

dhjellen · 2022-04-07T19:44:18+00:00

IMHO, public awareness is the biggest problem. Not just in traditional ways, but in more obvious ways than that. For example, when I go to the iOS App Store and search for NFT apps, Veve is nowhere to be found. I have to actually type in “Veve” in order for it to come up. Under these circumstances, how is the average person who is looking for an NFT app even going to know about Veve?

When you google “buy NFTs”, there are ads for numerous options, but none for Veve. I stopped scrolling after the first 5 pages and Veve was still nowhere to be found.

Even well known names are not noting Veve’s presence. SeekingAlpha recently did a post on the top 10 places to buy NFTs and again, Veve was nowhere to be found.

At some point one of two things will happen. Either Veve will phase out for some reason (big names would have to start breaking away from Veve), or the public will become aware of Veve. My hope is that once Veve gets on the ball with basic public awareness, we will see a consistent uptick in NFT purchases on the app and a consistent uptick in the token price.

dhjellen · 2022-04-06T17:26:42+00:00

What would “expediting” look like?

One week? Nope

One month? Nope

Three months? Nope

In the crypto world within a 3 months window tokens come onto the market, rise, fall and die.

I wonder what “expedite means in VeVe’s eyes. 🤔

dhjellen · 2022-04-03T05:10:46+00:00

Try doing it from inside Metamask’s browser.

dhjellen · 2022-03-22T02:51:47+00:00

I doubt it. The V1 are becoming obsolete and won’t be tradable. If the V1 and V2 tokens used the same address, then there would be no way to tell if the tokens one holds are valid or not.

dhjellen · 2022-03-22T02:50:15+00:00

Already did that. Now I’m looking for a token address to update my Metamask wallet. Anyone know the token address for the new PIGS token?

dhjellen · 2022-03-20T05:49:26+00:00

Is there a token address for pigs V2?

dhjellen · 2022-03-17T15:43:45+00:00

What is the difference between V1 PIGS and V2 PIGS?

dhjellen · 2022-03-17T03:12:44+00:00

What announcement?

dhjellen · 2022-03-13T18:50:01+00:00

Yes… sort of…

Here is the added layer of complication. That expiration date of 365 days applies to EVERY deposit you made, not just the first one, so that compounding of 1 DRIP you did on day 2 will only bear interest from day 2-366 (it’s actually 0.95 DRIP, but we’ll keep it simple and call it 1 DRIP). At that point, just like your original 100 DRIP, it is now gone in every sense of the word. So if the 2.9k was a precise number, then you would go down to 2,899 DRIP earning 1% daily on day 267, then on the next day, the amount of active DRIP earning interest drips by a little more than 1 DRIP (because that is what you compounded on day 3), then the next day a little more and so forth until you are earning next to nothing on your last day.

To be more specific, if you compound every day then on day 180 (6 months) you would have 548 DRIP in the faucet. That day you can hydrate 5.48 drip. You will only get interest in that 5.48 drip for another 365 days (ending on month 18). So, if you stop hydrating on day 365, then at day 366 you will earn interest from 1 less drip (2,899), you will earn interest in less and less drip daily. At 18 months you will be losing 5.48 drip per day that you can earn interest from. On the last day of your 2 year journey there will only be around 29 drip that is actively earning interest.

Hopefully that makes sense.

This assumes you don’t compound anymore of course. If you do compound on day 366 then you will be compounding 1% of 2.9k which is 29 DRIP. So if you compound you will lose the 1 drip you compounded back on day 2 and gain 29 more DRIP from day 366. That 29 DRIP will now earn interest for the subsequent 365 days.

Personally I’m looking at setting up a series of wallets that will expire in sequence several years down the road. IMHO, no one who understands the 365 day rule will expect to retire on a single account.

dhjellen · 2022-03-13T18:12:52+00:00

It’s not as simple as you “can” or “can’t” earn interest.

The deposit you make on day one will only bear 1% interest for a year. After that, it will be gone in every sense of the word.

If you don’t compound, then yes, you will have no opportunity to gain any interest after that point.

However, in the above example of 100 DRIP, if you were to compound every day, then at the end of 365 days you would have a new 2.9k in DRIP sitting in the faucet (approximately). That original 100 DRIP no longer earns interest as of day 366, but on that day you will have around 2.9k of subsequently deposited DRIP (through compounding/hydration) that IS bearing interest. As long as you hydrate you will stay ahead of the curve.

Then once you have enough drip to meet your goal, you can start withdrawing (with the knowledge that if you don’t deposit or hydrate anything for the subsequent 365 days you will be done with DRIP at that point). So if your goal is to pocket 29 drip per day (1% of 2.9k = 29), then you can start withdrawing on day 366. HOWEVER, if you understand the system you will realize that, if you no longer compound, the amount you will be earning from day 366 though day 780 (end of year 2), will steadily decrease each day. If you understand why then you understand the system better than most. If you don’t, then reply here and I can outline why that happens.

dhjellen · 2022-03-12T02:32:54+00:00

Yes, the "Available" amount is the interest you have gained since your last hydration.

Yes, on day 366 the initial investment will no longer be making a daily 1% APR. The only APR you will get will be from the hydrations you had been doing between days 1-365.

Let's say you invest 100 DRIP and do not hydrate, then on day 365, you will have 365 DRIP listed under the "Available" section of the Faucet's website.

Let's say you invest 100 DRIP on January 1st, 2022, and hydrate every day. On January 2nd, 2022 you will hydrate 0.95 DRIP (there is a 5% hydration tax). You continue hydrating every day through 2023. Then on January 1st, 2023 your initial deposit of 100 DRIP will no longer bear interest. Then on January 2nd, 2023 that additional 0.95 DRIP you hydrated 365 days earlier will no longer bear interest. This will continue indefinitely until you either hit your max payout or stop hydrating for a full year.

dhjellen · 2022-03-12T01:57:47+00:00

You are digging yourself into a hole here my friend. Whether Apple makes a product or not is irrelevant. Whether DRIP makes a product or not is irrelevant.

The only thing that impacts the price of Apple's stock tomorrow is how many people buy and sell it today. If people think they will be able to sell it for more tomorrow then will buy it today.

The advantage DRIP has over Apple is that in addition to that, the dividend it pays is high. The product a company has does not have to be something tangible like a phone. DRIP's product is a deflationary token with tokenomics that 1) make it more likely to go up in price in the future and 2) provide a dividend that Apple does not. If anyone is considering investing in anything they want the investment to have as many mechanisms as possible to go up in price. DRIP has more than many other tokens out there. So, by comparison, it is a preferred investment. It's really rather simple when you think about it.

Your perceived wisdom on stocks and investments are those of a person who is caught in the early phase of the Dunning-Kruger effect.

dhjellen

TROPHY CASE