This is what I got staking Loopring

By Ether Addict | Crypto News & DeFi | 7 Jun 2020


 

Since I got my first 14 LRC tokens from reading articles here at Publish0x a couple of weeks ago, I decided to give it a try to this token. After doing wide research, reading reviews and opinions about what the Loopring team is doing, I concluded that it is a really promising project and I decided to get some more tokens to try the staking feature (while I wait for the staking in Ethereum 2.0).

Last week, I swapped around 0.8 ETH for 4,000 LRC using Uniswap and staked all that LRC here.

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After getting the rewards from de first 1,000 LRC I got exited and decided to put

I paid around $ 0.048 for each token. That time, the 4,000 LRC tokens worth around $ 190 (as you can see above) and the Loopring's market cap was around $ 50,000,000

For my great surprise, a couple of days later the LRC token started to 🚀🚀🚀 and one week after I got the tokens the LRC token price reached a 24h high of $ 0.1059 (total market cap reached $ 110,338,473), as you can see:

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My staking rewards, for 9 days, are 3 LRC tokens. 

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You can say that 3 LRC token is not a good profit, but now the tokens staked worth around $ 370, with means around 1.5 ETH!
In my opinion, it seems a really good profit for a 10 days period, low-risk investment. 😎

I must warn you that the staking has a minimum period of 90 days, and a lot of things can happen until I can get my tokens back (with I intent to swap for some ETH).

In conclusion, I came around for the staking feature, but I'm definitely staying because of the gains! (and because of the 90 days minimum staking period... 😂😂) 

 

Disclaimer: This is just a review of my own experience. I'm not part of Loopring team, neither have any kind of partnership with them. Remember this: do your own research and do not invest more than you can afford to lose.

 


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Ether Addict
Ether Addict

Ethereum ⟠ validator. Bitcoiner. Member of @banklessbr DAO.


Crypto News & DeFi
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