Revisiting an Old Favorite Token: LASSECASH
As I've been on and off the blockchain, I occasionally go back to some of my favorite tokens. Among my favorites is LASSECASH, the underdog of tokens. While many tokens get dumped and flatline, Lassecash has been vibrant, maintaining a solid HIVE value. Several prime buying opportunities.
Why stack LASSECASH? It's not complicated: it's ROI.
It's the LASSECASH:SWAP.HIVE Liquidity pool.
A Pool that Rewards DAILY LASSECASH
I always give the disclaimer that I'm not offering investment advice, but explaining investment opportunities.
If you're not familiar with how liquidity pools work, it's basically when a user supplied "liquidity", that is certain tokens, to create a "pool" of tokens that can be swapped back and forth.
https://www.lassecash.com/pool/add
https://tribaldex.com/pools
https://beeswap.dcity.io/pools?search=lasse
In this example, the user has supplied about 49K LASSECASH and about 66 SWAP.HIVE tokens.
Earning From Fees
Everytime someone uses the pool to swap between SWAP.HIVE and LASSECASH, the swapper pays a small fee.
By contributing to the pool, the investor earns a SHARE of the fees and they are rewarded according to their share. The more contributed, the higher the share and the larger their payments!
These small fees add up over time, this user has earned about $0.75 worth of SWAP.HIVE and LASSECASH, just for contributing to the pool.
But The Big Incentive is REWARDS
In addition to fees, some pools have added incentives to encourage people to invest in the pool: REWARDS. Rewards are payed DAILY (!!) based on number of shares the investor has put into the pool. Liquid rewards.
The Lassecash pool pays out a total of 1.8 MILLION Lassecash (and 900M HEX) daily over 322 days. That's over $600 in rewards. Our example user earns 4.2% of that daily, resulting in their $33 investment returns about $0.08/day in rewards.
That's over 86% APR.
Earning over 200/day Lassecash for doing nothing is an amazing investment. Those tokens can be used in anyway they see fit.
86% APR Too good to be true, what's the catch?
No catch. Your shares are your shares. Your rewards are your rewards. However...
Every investment has it's risks and this is no different. The value ratio between SWAP.HIVE and LASSECASH can fluxuate. So the QUANTITY you invest can rise or fall, based on market conditions. It's alway balanced out on the other side.
Say LASSECASH drops in value, that means that people are draining the pool of SWAP.HIVE and your quantity decreases, while your quantity of LASSECASH increases.
Say SWAP.HIVE drops in value and LASSECASH increases in value, that means people will likely be investing more SWAP.HIVE into the pool. Your quantity of Lassecash will decrease, but your SWAP.HIVE will increase.
But if the investor focuses on # of SHARES and keeps the investment intact during market changes, there is no loss to the investor unless they remove SHARES from the pool.
It's not a "CATCH", it's normal crypto investing - when market conditions are good, investments grow. When market contitions are bad, investments shrink.
Most recognize that the REWARDS outweigh the RISK by far. But of course this is just my opinion. Do your own research, not financial advice, bla bla bla.
An Unsung Hero Among Tokens
Lassecash has really been a quiet but steady token. Consistant and realatively stable. Revisiting this token and looking at the liquidity pool again reminds me of the opportunities that this token presents.
I hope this overview has been helpful in making good finanncial decisions, either to avoid or to invest. Whatever you decide.
But most of all, I want to bring AWARENESS.
Posted using LasseCash
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Now that I think about it I remember I haven't logged into Hive Engine for over 7 months. I'll have to dedicate some time to it. What I'm seeing and what you say in your post is interesting.
Have a great start to the week!
86.246% APR currently on the LASSECASH:SWAP.HIVE token pair liquidity pool is !INDEED huge. 🤑
Anyway, you might want to put liquidity on the PEPE:PPDLR token pair, and publish a post about it. 🤔 @pepetoken would surely be happy when you do it! 😆🐸 !HOPE !WEIRD
LasseCash has a natural market, so very little risk at these prices. There are liquidity and even bots that buy up if price on the market divergate the pool. A very solid price, so the risk is small for 90%.
Most likely LasseCash will go up over time, with organic growth.
Posted using LasseCash
I see that @gratefuleveryday is within the Top 10 liquidity providers for the SWAP.HIVE:LASSECASH token pair (exactly at the 10th place to be more precise). 🤓 I also see @pepetoken within the Top 100 providers (at the 97th place more precisely). 😏
!BEER
Be kind to @pepetoken. We've all made at least one horribly stupid decision with our crypto. I am sure being listed in the top 100 is only temporary.
View or trade
BEER.Hey @lasseehlers, here is a little bit of
BEERfrom @savvyplayer for you. Enjoy it!Learn how to earn FREE BEER each day by staking your
BEER.View or trade
BEER.Hey @lasseehlers, here is a little bit of
BEERfrom @savvyplayer for you. Enjoy it!Learn how to earn FREE BEER each day by staking your
BEER.I hate to break it to you. You didn't launch LasseCash recently. It's been a failed "get rich quick" scheme for years and all those failed ideas you announced didn't help.
I have always been a big fan of rewards/dividends!👍😊
After all the goal is to continue to grow your stack! 😇
I don't even remember how much of this Token I have. Gives me reason to check... a little over 32,000 of these coins staked in Hive Engine and 189 liquid.
I have some LASSECASH staked, and I do notice that its value remains pretty stable. I used to be in the LASSECASH:SWAP.HIVE pool a while ago, and I finally removed my assets because I was getting buried in all the not-so-useful tokens that I was getting. Maybe I'll take a look at it again. I've been going deep, and investing hard into diesel/liquidity pools for a while now, as they're an excellent way to generate income in many useful and valuable assets, and to grow the assets in the pools. I'm a big fan. 😁 🙏 💚 ✨ 🤙
!ALIVE
!BBH
!LOLZ
!PIZZA
lolztoken.com
I said is that a fret?
Credit: reddit
@gratefuleveryday, I sent you an $LOLZ on behalf of tydynrain
(7/10)
Farm LOLZ tokens when you Delegate Hive or Hive Tokens.
Click to delegate: 10 - 20 - 50 - 100 HP
The length of your comment there made your "keyboard autocorrect" sneak in a
bot-so-usefulsomewhere in the middle of your comment !INDEED. 🤯🤣😂Anyway, I thought that whenever you find some other liquidity pool that pays better, you would at least leave a small amount from other liquidity pools that you think pays (relatively) less. 🤯🤓
!WEIRD !HOPE !PIZZA
Lovely.
When I have lot of liquidity and assets, yes, but without good quanties of those, I need to focus my resources for maximum leverage. 😁 🙏 💚 ✨ 🤙
!HOPE
!INDEED
!STRIDE
!WEIRD
!ZOMBIE
There !INDEED should be a balance of how many different liquidity pools you invest your tokens in, and the amount of tokens you invest for each liquidity pool. 🧘♂️🤓
!WINEX !ALIVE !HOPE
It's all a fun game that I enjoy doing. 😁 🙏 💚 ✨ 🤙
!ALIVE
!BBH
!HOPE
There's the saying that if you perform an activity as a game, then it becomes more !FUN !INDEED. 🎮😎 That already shows on my Hive profile description! 😆😅
!WINEX
Indeed, and it's a fun game that is also business for me. Your name kind of gives that away too. 😁 🙏 💚 ✨ 🤙
!INDEED
!WINE
$PIZZA slices delivered:
@savvyplayer(9/10) tipped @tydynrain
tydynrain tipped gratefuleveryday
Come get MOONed!
The idea is that when people buy more LasseCash to participate in the pool, then the price goes up and maybe the APY goes up, stay the same or goes down depending on many factors.
But there could be a positive feedback loop, where people keep buying and APY stays around the same.
Posted using LasseCash
So LasseCash is like the crypto scams @lasseehlers promotes but without a founder who is charismatic (@lasseehlers is an idiot flat Earther who LARPs as a "crypto expert") and has a consistent track record of failure (just as @weedbook).
@lasseehlers didn't even vote for his own attempts to use the DHF proposal system to pump and dump LasseCash. That should tell you everything you need to know.
This must be the first positive post about LasseCash in at least the last two years that wasn't posted by @lasseehlers or one of his sockpuppet accounts.