Wall Street Bets
r/WallStBets
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So I tested Crypto.com and wanted to make my own opinion about it:
Crypto.com offers Visa debit cards that give 2% cashback and a range of other perks like free Spotify. This is a very big company. Recently they started a huge ad campaign starring Matt Damon and they bought the naming rights to the Staples Center in L.A. for 20 years.
The Ruby Steel card tier offers a $25 instant bonus, free Spotify and 2% cashback on all purchases, and a premium metal card. To get the card you need to stake €350 worth of CRO coins and hold it for 6 months. After this time you're free to sell them again (or keep if you want to retain the card benefits).
Important note: you don't need to put crypto on the card, you can just load it with Euro or USD and spend it!
All cashbacks and bonuses are paid in the CRO cryptocurrency. You can immediately sell the CRO in the app for pounds/euros, which you can use again for purchases with the card if you want.
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Personal experience:
I've been using the card for two months now. Lost a small amount as CRO dipped a bit and my staked amount is worth less than before. Yet I got on all purchases a 2% cashback which is currently worth $21 (over all purchases were $1050). I use the card on a regular base but I don't have many running costs. In these two months my Spotify got paid back in CRO ($12.99 each month) and I started staking my CRO on their DeFi Wallet with a 12.58% annual reward.
Also the metal debit card looks awesome :)
Cake Defi is a decentralized finance platform based in Singapore, utilising the Defichain blockchain which is secured by anchoring with the btc blockchain. Cake Defi offer a very generous $50 sign-up bonus, paid instantly as DFI (Defichain), for anybody who deposits $50. This does not require any additional transactions or trades, just a deposit which you will be able to instantly withdraw if you need to.
Cake Defi is currently best accessed via the website, although mobile applications are being developed and are currently undergoing beta testing.
Referral-Link to get the $50 Bonus
Sign-up to Cake Defi using the referral link to ensure you receive the bonus
Verify your identity using photo ID. This used to take up to 72 hours, but is much quicker now
Deposit $50. There is a limited number of currencies that can be used and if you are planning to withdraw your deposit instantly I would strongly recommend DASH as it has the lowest withdrawal fees. Bitcoin Cash has the next lowest withdrawal fee, followed by Doge and then Litecoin. I suggest checking the withdrawal fee page before signing up to see which suits you best.
Once your deposit has been received, your sign-up bonus of $30 will be paid into your account instantly as DFI and the 8 DFI Bonus ($20) will be paid too. This will be staked and locked for 180 days however it does earn interest during that time, currently around 35% APY! Go to the freezer section and turn off auto-renew if you will want to withdraw after 180 days.
The DASH, or whatever you deposited, can be immediately withdrawn to wherever it was deposited from and if necessary, exchanged to GBP and withdrawn to your bank account.
After 180 days, withdraw your bonus along with the interest it has accrued. Obviously you are able to do Liquidity Mining on CakeDefi.
I have been really impressed with Cake and Defichain as a whole. I invested a bit more than the $50 and due to Liquidity Mining it already gave a nice bonus which I really apprechiate. I am now using the Freezer on Cake Defi to stake more DFI over a much longer timeframe than the initial 6 months as the APY is fantastic, the longer timeframes gives discounts on fees and I can see the value of the coin appreciating over the next few years.
Cake do have other opportunities to earn interest on your crypto using their liquidity pools or via lending. BTC, ETH, BCH, DOGE, LTC and USDT all have good APRs, just keep an eye on the withdrawal fees for BTC, ETH and USDT to ensure you stake enough or for long enough to make it worth your while.
FGI is a spinoff of the kitchen and bath division of Foremost. FGI products are sold in Home Depot, Lowe's, Walmart, Costco, and more. When you see Glacier Bay at Home Depot or Allen + Roth at Lowe's, you are looking at an FGI product. When you see a Foremost sink on Wayfair, that's FGI, too.
FGI IPOed on Jan 24th at $6, the low end of its IPO range of 6-8. It is currently grinding at $4.
The public float is only 2.5 million shares. I personally own over 2% of that float:
https://preview.redd.it/crxgsfop3pf81.jpg?width=1042&format=pjpg&auto=webp&s=0e9d77df069327b76b2b5dac60b01f03c27aca05Today (2/3/22), Benchmark initiated coverage on the stock with a Buy rating and PT of over $8. And that makes sense. FGI has nice numbers behind it:
https://preview.redd.it/j95q8b6a4pf81.png?width=3296&format=png&auto=webp&s=50334cc22189b24bcdc11644fca6f2b39882af7cAnybody looking for more detail on $FGI can snag the investor packet here.
I know shorts can hamper a stock, but with a float this small and a PT twice the current SP, do any of you have a theory on why FGI has not rocketed yet? I am "perfectly happy" to wait, but I do not *like* watching paper losses line up as this grinds, and I'd be relieved to see this at a more reasonable price.
Are shorts that powerful? The borrow rate on this is 258% as of now, with 100,000 available shares as per here. That is the second most expensive stock to borrow that they track.
Cake Defi is a decentralized finance platform based in Singapore, utilising the Defichain blockchain which is secured by anchoring with the btc blockchain. Cake Defi offer a very generous $30 sign-up bonus, paid instantly as DFI (Defichain), for anybody who deposits $50. This does not require any additional transactions or trades, just a deposit which you will be able to instantly withdraw if you need to.
Cake Defi is currently best accessed via the website, although mobile applications are being developed and are currently undergoing beta testing.
Referral-Link to get the $30 Bonus
Sign-up to Cake Defi using the referral link to ensure you receive the bonus
Verify your identity using photo ID. This used to take up to 72 hours, but is much quicker now
Deposit $50. There is a limited number of currencies that can be used and if you are planning to withdraw your deposit instantly I would strongly recommend DASH as it has the lowest withdrawal fees. Bitcoin Cash has the next lowest withdrawal fee, followed by Litecoin. I suggest checking the withdrawal fee page before signing up to see which suits you best.
Once your deposit has been received, your sign-up bonus of $30 will be paid into your account instantly as DFI. This will be staked and locked for 180 days however it does earn interest during that time, currently around 35% APY! Go to the freezer section and turn off auto-renew if you will want to withdraw after 180 days.
The DASH, or whatever you deposited, can be immediately withdrawn to wherever it was deposited from and if necessary, exchanged to GBP and withdrawn to your bank account.
After 180 days, withdraw your bonus along with the interest it has accrued.
I have been really impressed with Cake and Defichain as a whole. I invested a bit more than the $50 and due to Liquidity Mining it already gave a nice bonus which I really apprechiate. I am now using the Freezer on Cake Defi to stake more DFI over a much longer timeframe than the initial 6 months as the APY is fantastic, the longer timeframes gives discounts on fees and I can see the value of the coin appreciating over the next few years.
Cake do have other opportunities to earn interest on your crypto using their liquidity pools or via lending. BTC, ETH, BCH, LTC and USDT all have good APRs, just keep an eye on the withdrawal fees for BTC, ETH and USDT to ensure you stake enough or for long enough to make it worth your while.
For anybody struggling with buying DASH, it can be purchased at Bitpanda as previously mentioned, but also Binance, Coinbase, Kraken, Poloniex and Kucoin. Deposit/withdrawal fees and methods across these exchanges vary.
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