MYX NETWORK is the new project which was recently listed in uniswap has daily volume of $2million.
WHY I THINK MYX CAN GIVE A GOOD PROFIT
1. 5% of the transaction token amount are burnt in every transaction.
2. You can also stake your MYX tokens, which gives you 2.5% of the 5% that are burnt
This is why this coin can give a huge profit with every transaction token burned. 1 Billion tokens will be the max supply. No more tokens are minted, they are only burned. 100 Million tokens will be the total supply at the end of the deflationary stage. Currently above 55% of circulation supply is already staked and this is new project. if the supply will reduce to 400 million than aslo returns will be huge.
Is MYX NETWORK IS SCAM
Maybe, This is new project no one knows about team. But as we all know more risk more gain. on 20 August they are releasing whitepaper and many youtubers had already gave there view Quora influencer MARIUS KRAMER has also gave his view about this project u can go throw it. According to me this project is not scam u can DYOR.
HOW MUCH RETURN WE CAN EXPECT
It can easily go 7x to 10x if thing will go like as they say. But what i suggest we should take profit with every good spike greediness will destroy YAM is the latest example.
SUGGESTION
Don't invest in every DEFI projects i know currently defi trend is on but believe me i know horrible stories how people destroyed by the ponzi schemes. First understand the projects and discuss it with professionals than invest in it. We are here for trading not for gambling always remember this
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