I just might be too old to understand what the heck is going on with Ooze.finance. Actually, I do have difficulties comprehending terms such as slime, sewer, swamp, biopunks, munks, etc. but the UI resembles an 80'ies video game, and there I can relate.
But one thing I do understand — my bottom line is very positive, and I can live with that :)
I started my DeFi endeavors with Drip, and I do compare just about anything I learned from Drip with other projects that I stumble upon, and so also with Ooze.Finance.
Unlike Drip and Furio, Ooze.Finance is not on the Binance Smart Chain, but on the Fantom Opera chain. Does that make any difference? Not as far as I am concerned, but the gas fees on Fantom are next to nothing — so no reason to calculate in the gas fees when considering how often to compound.
My progress so far: I started with $500, bought an NFT, and invested this in an Order of Slime contract. With daily, sometimes twice a day, compounding and with the positive development of the price of Ooze token, I now have a balance around $2800 — which I get slightly more than 1% daily interest on.
I am all smiles and can only urge you to join the weird world of Ooze.Finance.
So, say you copied what I did — exchanged $500 and via the NFT and todays Ooze price, you would end up with about 100 Ooze. Daily compounding these for fourteen and a half months will give you this result:
With the current price of approximately $5/Ooze you will have values of about $40,000, which could give you a daily income of $400 — that’s $12,000 monthly. Now, this simplified example shows one way — there are many roads to take and strategies to follow, that will get you there even faster and there are limits in terms of max. payout built into the contract that means you will need to look at how you want to strategize to get the most of it — but the message is:
Get Started…
The best time to plant a tree is 10 years ago, the second best time is now!
The only way to swap USDC on the Fantom Network for Ooze is on the on-site Dex which is called Manhole — click this.
The next thing to do is to grab this Ooze and move over to the Sewers, so you can Mint an NFT!
Minting an NFT is as easy as selecting a Faction — either the Order of Slime or the BioPunks, setting the amount of Ooze you want to earn, a referral (@@Slimerick), and entering a nickname — choose whatever you want, but don’t put an @ as first character (as I did, doh!)
Order of Slime or BioPunk?
The major difference between the two …
Order of Slime is an excellent choice if you are going to start your own team, or add someone else under you.
Team building can’t be done by BioPunks. They have an auto-compounding method setup that they can do. You can use the compounding strategy that the system will automate for you after you mint your BioPunk.
As always, do your own research, and feel free to reach out for any question or even help you might need. If you liked this article, please give it some claps, comments and please follow me to support more articles coming.
What is DRIP?
I mentioned DRIP above — if you are not at all familiar with this, you need to do yourself that favor and read up on it. DRIP is financing my other investments in DeFi projects, feeding my Visa card via Crypto.com, paid my skiing holidays in France in March — and soon another trip to Berlin. I’ve written a few articles on Drip as well.
And currently the price of Drip is low, so it is probably good timing to enter now — here’s how:
The bedrock of DRIP is the feature of paying 1% on your investment per day. You can either pull that amount out, and receive your 1% return of the DRIP token per day, or you can “Hydrate” or recompound your earnings and compound the 1% against the new amount. By Hydrating you start to see the 3678% APYs by the end of the year (fees excluded for simplicity).
Come to Cryptozoa.com, check out the DRIP passive investment, and join the Cryptozoa Team!
How to Start
- Go to https://drip.community/fountain, and exchange BNB for DRIP.
- Go to the Faucet, and enter a Buddy address in the Referral section. Consider adding the Cryptozoa team member Thomas’ address for your Buddy: 0x41F7edc6ACe7652EA0E5Aee518556286c392D498
- Deposit at least 1.12 DRIP (Ensure you have 0.05–0.1 BNB for transaction fees.)
You’re setup on DRIP. Get ready to receive 1% daily! But, do come back regularly to hit that hydrate/recompound button!
Cryptozoa Telegram Gateway — https://t.me/joinchat/PbTulqLoCmAzZmQx
NOTE: The amount Deposited is not withdrawable. In exchange you receive 1% of that staked amount on a 24 hr basis for the next 365 days, which can be rehydrated/compounded, or claimed.
Nothing in this article is intended to constitute investment advice. Neither the author nor the publication takes any responsibility or liability for any investments, profits or losses you may incur as a result of this information. Readers are encouraged to perform their own due diligence and research, or consult a licensed financial advisor or broker before making any and all investment decisions. This content is intended for general informational and educational purposes only. Though the author strives for accuracy, the data contained within the article cannot be relied upon. The author may own cryptocurrencies and tokens discussed in the article. The article may contain affiliate links.
