Wizardly has been doing really well for the last 5 days since its launch. The amount of CRO in its contract has doubled since my last post about Wizardly.
It is giving a daily 8% daily reward like Baked Bean but it has a Dev Fee of 3% and marketing fee of 2%.
There is a total value of about 1664451 CRO in its contract currently.
I have invested 200 CRO and I have a current daily reward of an estimated amount of about 26 CRO after compounding a few times each day.
Wizardly may be a Baked Bean fork but it is making it differently by infusing a story in its fork. We can see that the team tried to make it like an online game for earning a passive income.
https://docs.wizardly.finance/the-elders-revelation
It is definitely a high-risk investment and we cannot withdraw what we decide to deposit.
I found out that the team behind Wizardly is currently planning for its layer 2 called Tarsha’s Wild Magic.
A partial of the buy and sell tax from the layer 2 project will be injected to Wizardly to sustain the layer 1 so that it will be a lasting project for all its investors.
By doing so, it is creating an external revenue source for its protocol.
It has also started a contest for influencers to promote its protocol through different means of social medias.
There would be 3 prizes for the winners.
1st Place: $500 USD and 1 WL spot
2nd Place: $300 USD and 1 WL spot
3rd Place: $200 USD and 1 WL spot
The above contest will end on 29th April 2022 at 10 p.m. EST sharp.
The team behind Wizardly certainly sounded serious about this project and it will be great to see a project that can last longer.
If you are interested to give Wizardly on Cronos a try, I would appreciate it if you use my referral link below.
https://wizardly.finance/?ref=0xE67ac4D724093FEa5882A5167aA79cEE57aa747b
Disclaimer: This is my personal reflection and I am not in any position to instruct anyone what they should do. I am not responsible for any action taken as a result of this post. My post can only be a reference for your further research and growth.
Posted Using LeoFinance Beta
Where are the rewards coming from? First time I see a project let you deposit network tokens in exchange for more network tokens. Usually, I would expect the rewards to be paid out in Wizard coin or something like that.
Posted Using LeoFinance Beta