How much I made staking a month and a half in Metaverse Pro.

By SimonKyselica | Finmo.sk | 11 Mar 2022


About a month and a half ago, I invested 50$ into Metaverse Pro. I bought 0.2 META for a price of 500$. I was happy about it. Now, I'm not.

So what is Metaverse Pro

Metaverse Pro is a Decentralized Organization or DAO. You can stake it in your bought META, and your META balance will compound based on the current interest rate. Also, you can be a provider in the liquidity pool, and that will allow you to buy META Tokens for cheaper

For example:

If you can provide some liquidity for META, you can buy META for 300$ instead of 500$.

If you want some further Explanation, you can watch The Whiteboard Crypto video.

https://www.youtube.com/watch?v=o699i_l_qy8&t=451s

So how much do I make?

I don't think that is the right question to ask. I think I can ask myself, how much money I lost. As I mentioned, I bought METAfor 500$, and now its price is a rough 5$. 

I now have 0.243 META, and that is worth 1.47$.

6440fab7a4aba2254353f5c76e04498ad6666f1fa6ac88d8cca26f15ff2701f9.png

Also, when I started, the APY was about 600,000%, which was insane. Now the APY is 364% which is still a lot. But it's not that sweet 600,000%. 

So from my investment, I lost about 48$. That is not a lot of money, but still, I lost 95% of that investment. 

e98e15d896e56b6386ac445e35796a4e5afa9bea33f10301b847c5605966f5bc.png

So what now?

Now that MetaversePro is migrating to Ethereum Blockchain, you must unstake your META and stake it in another staking pool. I'll withdraw all my META and stake it in the other staking pool. I didn't unstaked it so I lost all the Meta I had.

Thanks for reading my post.

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SimonKyselica
SimonKyselica

I'm 17 years old web developer and crypto fanatic.


Finmo.sk
Finmo.sk

Finmo.sk is and original Slovak blog about cryptocurrency, economy and tech

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