Gifting Crypto is Tax Free Unless Amount Exceeds $15,000 – So Here is My Opportunity for You

Problem:

  1. Getting started with crypto is complicated and hard for beginners
  2. I found a cryptocurrency project that has 10x in just six months and I think it’s going to keep booming
  3. How do I help others invest, especially those who do not even have the basic tools such as Meta Mask

Solution:

Apparently gifting crypto is becoming increasingly popular so maybe I can take advantage of this trend.

 

Background:

I found this project back in August of 2021 and since then its grown from $21 a coin to over $80.

The project even has a way to reward users who participate by staking their tokens for massive ROI up to 365% annually.

I want to share this specific investment opportunity in a separate post.

 

For those that are interested in getting the necessaries in order for you to begin investing in such a project lets go over these steps now.

*Some of you may need to skip some steps as you already meet these criteria’s

 

The Project is on Binance Smart Chain

To begin we already have an issue that complicates the process of connecting you to a high return on investment asset, however do not worry because if you continue to give these walkthroughs and demonstrations a chance I’m sure you will succeed.

Here is the process:

  1. Sign up for a trading account on Binance.us if your in the United States and Binance.com if outside U.S.
  2. Sign up for TrustWallet app on your mobile phone.
  3. Import or Create your MetaMask wallet seed phrase aka master password (!**WARNING**!) DO NOT GIVE THIS AWAY TO ANYONE

 

Once you have access to the above materials it will make the remaining task more accomplishable.

 

How to Earn 1% Every Day From the Project Including The Risks

The project essentially rewards users 1% daily to those who stake their tokens into these contracts, for a total of 356% over 1 year.

There are 2 catches to this project

  • The price at which you buy the coin at determines your profit/loss.

In other words, if you buy 1 coin at $80 and stake it you would think by 1 year from now you would have $292 but in fact this may not be the case.

If the coin’s price drops to say $60 the amount you receive will drop to 1% of $60 instead of $80.

So although you are guaranteed a 365% return on the underlying asset, that value of the asset can fluctuate and infact put you in the negative if you buy to high and the price drops significantly to the point where your 365% return still puts you at a loss.

  • You can’t unstake, you can only claim your 1% a day for 365 days.

If the price of the asset is dropping you CAN’T take out and sell your initial investment all at once, once again being only able to claim 1% a day puts your install investment at great risk depending at what price you get in at.

How to Earn Even More Than 1% a Day

There is an additional way you can increase your 1% rewards per day and this is by reinvesting or compounding your interest.

To do so you simply click the recompounding feature and pay the gas fee to restake your rewards to earn more interest per day.

The only thing you need to do to make sure your not wasting money is make sure that your not paying more in gas fees than what your recompunding is earning you in extra interest.

Tip – I usually let my earnings stack up for a week or so and recompound my rewards that way I’m not paying gas fees by recompounding every day and over time increasing my 1%return per day.

 

 

 

 

 

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