Mint is a top 10 dapp? Based on what? I don’t see it on any dapp rankings. Mint token is not listed on any marketcap rankings, or on any exchanges. Those are red flags.
Let’s assume this is not a scam, which I believe it is, but let’s say it’s not. Most of the time, any investment into any type of mining farm is never going to produce the same results as if you just purchased quality crypto tokens and held them until the price matures. Any blockchain that has proof of work mining is filled with competition in the mining space. They all have the same issues with cost of equipment, cost of electricity, and cost of labor to keep them producing mining rewards. It’s a cut throat business, and most miners do not last. We’ve seen plenty of mining companies use MLM to recruit capital to purchase mining equipment and supposedly pay you back a cut of the profit. They are never going to be able to guarantee you a return. Because you can’t guarantee the price of the token being earned tomorrow. We see bull runs in btc and Eth, but we also see bear markets with huge price crashes. We also see when miners come and go it adjusts the difficulty rating with changes the token reward payouts to the miner. Whatever coins Miny is mining, you would always make more money just buying that token, and eliminate trusting them to pay you if you just purchased the token directly.
There are plenty of legit options in the space to make money, and with much less risk, and no MLM recruiting needed.
For example, you could just set your hive account to auto-vote and follow trails for curation, and you’d earn a cut. Your hive power always stays in your wallet, and you always earn a return.
There are plenty of staking tokens like Cosmos, Cardano, Tezos, etc. Where you hold your tokens in your own wallet, and delegate that stake to a block producer. They mine the transactions, earn a reward, you get your cut. No risk because you hold your own tokens in your own wallet and just delegate their use to a pool.
There are some smart contract stuff on Eth where you can do defi, much more risk. There are things where you stake on oracle nodes like on Chain Link and when they get paid to verify info, you earn a cut of their earnings. As long as they provide good info, the risk is low.
So there are options out there to make a lot of money and passive income in crypto. Some are riskier than others. But none of what I just listed is as risky as MLM mining contracts which we have seen fail for years and ruin the reputation of the crypto space.
Have you been able to cash out any money from Miny yet? And I mean something besides Miny tokens. Where it’s actual value like btc, Eth, anything? Most likely not. If so, I’d like to know what you withdrew. How were you paid?
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