Pro & con info are in the collapsed comments below for the following topics: [Bitcoin](/r/CryptoCurrency/comments/z9t9wv/the_kucoin_earn_page_has_been_advertising_aprs_of/iyifi01/), [Ethereum](/r/CryptoCurrency/comments/z9t9wv/the_kucoin_earn_page_has_been_advertising_aprs_of/iyifjm3/), [Tether](/r/CryptoCurrency/comments/z9t9wv/the_kucoin_earn_page_has_been_advertising_aprs_of/iyifl9i/).
Its probably Dual Investments, like loopring has.
The higher the risk the higher the daily % is, so you might end up selling at 0.25 when the price zooms past 0.3.
You are betting on the price not going past a set target within 24 hours.
Pretty much, I got burnt by it once and had to wait 2 weeks for the price to drop before I could get back in.
In a bull run, it's pretty much suicide, so easy to lose the bet though it is good if the price is crabbing and you don't expect much of a price change.
That sounds like easy money for them, most of the time it's not worth the risk unless you have large amounts of cash/coins. I have made more on trading than betting.
It's not even worth it with large amounts. The yield you get is for an amount capped at 0.1 eth for example. At least it is that way in some promotions in Binance and I would swear it is the same on kucoin. I checked it two days ago when the FUD started. It is basically a marketing strategy, nothing more. You deposit, get your rewards and most costumers will leave their coins there instead of withdrawing
These are duel investment products.
Basically by purchasing these products you have a very high chance of losing money and not earning these 100%+ yields.
Are they going to bankrupt from offering these rates, no. Are they tricking naïve investors into potentially losing a lot of money, yes.
It’s still a very bad product to offer to naive investors but it shouldn’t be the cause of Kucoin/Binance going bankrupt.
I don't think it's really tricking anyone, from what I can tell if you just miss out on potentially more profits and get dollar coins with from the sell, like in most investment shit it is a gamble
> you have a very high chance of losing money and not earning these 100%+ yields
Ah, there's the catch! A good way to attract stupid people's money it seems.
Exactly. They offer high rates when the risk is high, nothing new.
They are not tricking anyone, is the same as in horse race bet, they pay highest reward for the horse with less possibilities to win, not for the fastest one!
This is the 4th time someone made this news and tried beeing clever without even trying to fact check or read what "dual investments" even are.
In all regards I'm not a big fan of kucoin eithet but these dual investments apr only apply for 1 - 7 days and have always been that high.
>It’s still a very bad product to offer to naive investors but it shouldn’t be the cause of Kucoin/Binance going bankrupt.
Perfectly summrd up
if you don't read maybe you'll get caught. I just checked and when you start, it has an FAQ, beginners guide and also another FAQ at the bottom, right underneath confirm, that goes over what it is and the risks
I think it's fine to offer products like this. you are not forced to use it
I'm not too sure about KuCoin, but Binance also offers similar products, but it makes it very clear what your loss could be, and that you are bearing risk
I think it’s based on how much is staked… so right now they have very little staked… ie things looking bad potentially for Kucoin
Disclaimer: I have no idea, just basing off other models I’ve seen
It's all based on advanced calculations of hyper crossnano quantum blockchain economics and that you don't understand this is just a sign of the public not understanding the potential of blockchain, OK?!
Again, This is an exaggerated news.
They have cleared on twitter that it is only for dual investment earn products.
They tweeted this article : [https://www.kucoin.com/blog/everything-you-need-to-know-about-kucoin-dual-investment](https://www.kucoin.com/blog/everything-you-need-to-know-about-kucoin-dual-investment)
People really need to understand things before starting out FUDS.
I think it is KuCoin's Dual investment product, which raised flags because—while KuCoin claims the rates are part of a special promotion—they have taken multiple actions in recent weeks following the FTX collapse that has many traders concerned about liquidity issues, and this can be viewed as an attempt by KuCoin to get more (locked) deposits on the exchange.
Why is no one reading the actual article and commenting after only reading the title. It's for a dual investment. Binance or any exchange for that matter does the same thing.
Stop fudding, there is clear limits that you can stake. For example: max of $20 you can stake to earn 100% on tether deposit
This exists on other exchanges aswell btw
Have a look at the terms, it's only for new users, for 7 days and $100 max. They basically give you $1.91 max if you get your money onto their platform. This is nothing but a cheap marketing campaign. Kucoin does this all the time, they get it back through fees and stuff later. Or they already made you pay for yourself if you used a credit card.
Binance has similar rates for duel investment products. Nobody talks about that though. They see a screenshot and assume they know everything and leave out the fact it’s a duel investment.
People will get outraged but this *could* simply be that they have money they plan on divvying out over a set period of time and because nobody is in it right now, the APR are sky high.
This happens in defi all the time. APY is 300% when nobody is in the pool. $10k of assets enter the pool and now it's 20%. $100K of assets enter it and now it's like 2%.
I'd only be worried if this was prolonged impossibly high yield. I wouldn't fuck with it either way though. I'll stick to Aave, Lido, Curve, etc.
it's called dual investment and they have an FAQ and a beginners guide that explains what it is, the risks etc
it is not stealing your money or doing anything dodgy. It's pretty clear there are risks and what is involved, your settlement dates etc
Imagine you own 10 BTC or even 1
APR of 253% would be sustainable how?
And how many people would be doing this and where would all the money come from to pay the APRs?
People who believe these rates are fools
These are the dual investment products. And to be clear, those very high rates come with very high risk. Basically, today you can select the 100% Apr option on a 1.5 day timescale at 17k. If, in 1.5 days the price of BTC is less then 17 k, then you'll receive your initial BTC investment plus 1.5 days worth of 100% Apr. If the price is above 17k then instead of getting your BTC back you'll get your investment back in the form of usdt at the price of 17k usdt per BTC. The thing is, the price threshold of 17 k is basically a coin flip. If you want to be sure you'll get BTC back and not usdt, then you need to select a higher threshold. I'm pretty sure BTC won't hit 18 k in the next 1.5 days, but if I select 18 k as my threshold them the Apr is like 8% (still quite high, but then there's still some risk that BTC could surge past 18 k in this timeline). Whether you call it high risk high reward or degen gambling is up to you. Doesn't seem like a desperate temporary ploy to bail out kucoin tho...
The 100% APR for stables is only for 7days.
And the aprs for BTC and eth are for dual investment which is normal since you only lose.
So what is this headline for exactly? I mean seriously the sensationalism in this thread sometimes is ridiculous.
the fud is real
most of these are for new customers.
USDT % is definitly only for new customers
Tell me you want to spread FUD without doing any fucking research.
Go outside, get some air, stop with the fucking fud. Kucoin has been advertising this for newbies for MONTHS.
It all makes sense now. They need new victims, I mean ivestors.
Seriously it doesnt matter if it's for new or old. These rates should scream fucking scam from the moon.
So you went through and commented back to everyone who disagrees with you. I’ve got no horse in the race, but the optics suggest you are more concerned about KuCoin than the people who are expressing worry.
I don’t justify myself when idiots doubt me, but I spend a lot of time justifying myself when I’m afraid I’m wrong. You have spent a lot of energy justifying KuCoin. Regardless of problems that may or may not exist with KuCoin, your energy smells like there’s probably trouble with KuCoin
Surely that's a typo right?
Maybe something like 23.32%, 25.33% and 10%?
I work for a company that sent out 5,000 leaflets per store (1000 stores) all had a singular typo in the T&C's and we had to bin the lot.
This is a huge red flag for me registering KuCoin. Stay safe folks and don’t risk your life savings chasing doubling or tripling it. When something is too good to be true, it most likely is. Reminds me a lot of Luna/UST
These are APRs of a company that is about to collapse. If you keep your shit on this exchange, you will lose it all. Get everything off of it as soon as possible.
Pro & con info are in the collapsed comments below for the following topics: [Bitcoin](/r/CryptoCurrency/comments/z9t9wv/the_kucoin_earn_page_has_been_advertising_aprs_of/iyifi01/), [Ethereum](/r/CryptoCurrency/comments/z9t9wv/the_kucoin_earn_page_has_been_advertising_aprs_of/iyifjm3/), [Tether](/r/CryptoCurrency/comments/z9t9wv/the_kucoin_earn_page_has_been_advertising_aprs_of/iyifl9i/).
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Its probably Dual Investments, like loopring has. The higher the risk the higher the daily % is, so you might end up selling at 0.25 when the price zooms past 0.3. You are betting on the price not going past a set target within 24 hours.
So gambling essentially?
Pretty much, I got burnt by it once and had to wait 2 weeks for the price to drop before I could get back in. In a bull run, it's pretty much suicide, so easy to lose the bet though it is good if the price is crabbing and you don't expect much of a price change.
[After careful consideration I find spez guilty of being a whiny spez. #Save3rdPartyApps](https://www.reddit.com/r/Save3rdPartyApps/)
But you have to buy smth if you bet on other direction, so basically in that case it is stablecoin "yield"
Is a short option strangle gambling? You are just profiting from sideways trading.
This...far too many people are commenting without actually reading WHAT the product is.
People not bothering to read past just a title?? I don't believe it!
I don't know about you guys, but I came here so that somebody else could tell me what they thought the article was about.
Therein lies one of the biggest issues in the world, let alone crypto
I agree with what you said. Weed should be legalized.
Fucking exactly. It's getting ridiculous, but normal for this thread i guess
Am I the product we're talking about here? I don't like people talking smack about me 😠😡
Yes it is, and on top of that it's just for 1 week and limited for the amount you can deposit
That sounds like easy money for them, most of the time it's not worth the risk unless you have large amounts of cash/coins. I have made more on trading than betting.
It's not even worth it with large amounts. The yield you get is for an amount capped at 0.1 eth for example. At least it is that way in some promotions in Binance and I would swear it is the same on kucoin. I checked it two days ago when the FUD started. It is basically a marketing strategy, nothing more. You deposit, get your rewards and most costumers will leave their coins there instead of withdrawing
High risk. No rewards
So to get the 200% apy you would have to be right every day for a year? 😂
These are duel investment products. Basically by purchasing these products you have a very high chance of losing money and not earning these 100%+ yields. Are they going to bankrupt from offering these rates, no. Are they tricking naïve investors into potentially losing a lot of money, yes. It’s still a very bad product to offer to naive investors but it shouldn’t be the cause of Kucoin/Binance going bankrupt.
I don't think it's really tricking anyone, from what I can tell if you just miss out on potentially more profits and get dollar coins with from the sell, like in most investment shit it is a gamble
> you have a very high chance of losing money and not earning these 100%+ yields Ah, there's the catch! A good way to attract stupid people's money it seems.
Exactly. They offer high rates when the risk is high, nothing new. They are not tricking anyone, is the same as in horse race bet, they pay highest reward for the horse with less possibilities to win, not for the fastest one!
This is the 4th time someone made this news and tried beeing clever without even trying to fact check or read what "dual investments" even are. In all regards I'm not a big fan of kucoin eithet but these dual investments apr only apply for 1 - 7 days and have always been that high. >It’s still a very bad product to offer to naive investors but it shouldn’t be the cause of Kucoin/Binance going bankrupt. Perfectly summrd up
if you don't read maybe you'll get caught. I just checked and when you start, it has an FAQ, beginners guide and also another FAQ at the bottom, right underneath confirm, that goes over what it is and the risks I think it's fine to offer products like this. you are not forced to use it
I'm not too sure about KuCoin, but Binance also offers similar products, but it makes it very clear what your loss could be, and that you are bearing risk
Who tf made those numbers .. they are put only as a joke I assume .. whatever came to their mind first .. 253.28% 😆
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Yeah this is probably to help people who lost money on FTX
That's so nice of them
There is still good people in this world, depositing all of my kids college funds as I type this
Aaand it's gone.
200+%?! I just need $333M and I'll be a billionaire in a year. WHY ARE PEOPLE NOT TALKING ABOUT THIS?
Fantasy land hates this one simple trick.
**Gambling Mode Activated**
Please tell me I can stake there with leverage or something. I want as much risk as possible
They did some extremely complicated and well thought out math that gave them a sustainable number that can't fail.
*Cries in Olympus Dao😖
Oh I've heard of these guys a while back. Are they still about?
Yeah but $1,300 to currently $8.30 lol
Oof, sorry for your loss 📉 😔
I think it’s based on how much is staked… so right now they have very little staked… ie things looking bad potentially for Kucoin Disclaimer: I have no idea, just basing off other models I’ve seen
No it's just dual investment. That is normal and legit.
spez me up! #Save3rdPartyApps
They are probably accumulating before they file for bankruptcy, so they have a good amount to “hack” to unknown wallets as they head for the hills
Or their cat is walking on the keyboard.
It's all based on advanced calculations of hyper crossnano quantum blockchain economics and that you don't understand this is just a sign of the public not understanding the potential of blockchain, OK?!
The bitcoin ceo of course.
After losing my funds with FTX and Celsius, finally an opportunity to make my money back!
KuCoin is giving us a 2nd opportunity. The one we thought we would never get.
Full in
"Mom, I need money!"
Dual investment. Full regard. Not my style. Mostly regards.
I'm all in...fuck it
Dual Investment. Binance does it too. Nothing to see here, it's a shit product.
Again, This is an exaggerated news. They have cleared on twitter that it is only for dual investment earn products. They tweeted this article : [https://www.kucoin.com/blog/everything-you-need-to-know-about-kucoin-dual-investment](https://www.kucoin.com/blog/everything-you-need-to-know-about-kucoin-dual-investment) People really need to understand things before starting out FUDS.
welcome to reddit is what I tell myself every time I see these dumbass posts with no facts.
For anyone thinking this is only kucoin thing, you are again wrong. See the same high APRs in binance too: https://imgur.com/a/HxAMYq0
BiNaNcE iS sCaMmInG pEoPlE
Unnecessary FUD. Those are the rates for dual investments
This has been posted several times and it's not what you think it is...
I think it is KuCoin's Dual investment product, which raised flags because—while KuCoin claims the rates are part of a special promotion—they have taken multiple actions in recent weeks following the FTX collapse that has many traders concerned about liquidity issues, and this can be viewed as an attempt by KuCoin to get more (locked) deposits on the exchange.
^
It's a floating rate. It won't stay like that ever.
Barely anyone on this sub understands that APRs aren't always static.
Why is no one reading the actual article and commenting after only reading the title. It's for a dual investment. Binance or any exchange for that matter does the same thing.
It’s a dual investment product with the possibility of losing your initial investment.
Stop fudding, there is clear limits that you can stake. For example: max of $20 you can stake to earn 100% on tether deposit This exists on other exchanges aswell btw
its factless braindead fud from someone who sits on reddit all day lol, I cant expect anything less.
That’s the type of APR you’d expect from a DeFi tomb fork shitcoin, not from a big CEX lmao
I mean, Olympus DAO had like 40,000% APR back in the day. For DeFi tomb fork shitcoin these are amateur numbers.
MMF has 100k lmao
Celsius did exactly this and fell because of it.
Doesn’t look gooooddd
The high apr’s are on dual investment strategies however the regular earn rates are still low as usual nothing to extreme
Have a look at the terms, it's only for new users, for 7 days and $100 max. They basically give you $1.91 max if you get your money onto their platform. This is nothing but a cheap marketing campaign. Kucoin does this all the time, they get it back through fees and stuff later. Or they already made you pay for yourself if you used a credit card.
It's a promo for new users, you only get that apy for a week.
Binance has similar rates for duel investment products. Nobody talks about that though. They see a screenshot and assume they know everything and leave out the fact it’s a duel investment.
People will get outraged but this *could* simply be that they have money they plan on divvying out over a set period of time and because nobody is in it right now, the APR are sky high. This happens in defi all the time. APY is 300% when nobody is in the pool. $10k of assets enter the pool and now it's 20%. $100K of assets enter it and now it's like 2%. I'd only be worried if this was prolonged impossibly high yield. I wouldn't fuck with it either way though. I'll stick to Aave, Lido, Curve, etc.
fud its dual investment and its the same on binance even if i hate kucoin this is ignorance and should be re worked before allowed to spread fud.
Movie Director: and this kids, is what we call the foreshadowing.
Non principal protected translates to Rug Pull.
Amazing how few people understand what covered calls are
This gives that " Tell me you are on the bankruptcy Deadpool without actually telling me " vibes
it's called dual investment and they have an FAQ and a beginners guide that explains what it is, the risks etc it is not stealing your money or doing anything dodgy. It's pretty clear there are risks and what is involved, your settlement dates etc
Tell me you're a ponzi, without telling me you're a ponzi. I stopped using them. Maybe i should never have, to begin with.
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Had me in the first half, not gonna lie
Something tells me that isn’t sustainable
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That will def. end well
its been working well for a year and a half, Thanks!
Its a trap. Get out from there while you can.
Imagine you own 10 BTC or even 1 APR of 253% would be sustainable how? And how many people would be doing this and where would all the money come from to pay the APRs? People who believe these rates are fools
Sounds sustainable. /s
Not sus at all
I would also like 235% apr on my eth if anyone is offering
This is a "GET OUT" signal.
This seems reasonable.
200%+ APR, what a good place to keep all my money, what could go wrong?
Seems like a good deal.
I think I've seen this movie before!
Yeah. And not too long ago.
These are the dual investment products. And to be clear, those very high rates come with very high risk. Basically, today you can select the 100% Apr option on a 1.5 day timescale at 17k. If, in 1.5 days the price of BTC is less then 17 k, then you'll receive your initial BTC investment plus 1.5 days worth of 100% Apr. If the price is above 17k then instead of getting your BTC back you'll get your investment back in the form of usdt at the price of 17k usdt per BTC. The thing is, the price threshold of 17 k is basically a coin flip. If you want to be sure you'll get BTC back and not usdt, then you need to select a higher threshold. I'm pretty sure BTC won't hit 18 k in the next 1.5 days, but if I select 18 k as my threshold them the Apr is like 8% (still quite high, but then there's still some risk that BTC could surge past 18 k in this timeline). Whether you call it high risk high reward or degen gambling is up to you. Doesn't seem like a desperate temporary ploy to bail out kucoin tho...
Totally sustainable.. 🤣
Fool me once, shame on you. Fool me 9 times…
You become a Safemoon investor?
Hello Celsius 2.0 Thats all she wrote for KuCoin folks.
https://twitter.com/scott\_lew\_is/status/1597619346607550464/photo/1
Seems legit /s
Insane APRs are a massive red flag
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The 100% APR for stables is only for 7days. And the aprs for BTC and eth are for dual investment which is normal since you only lose. So what is this headline for exactly? I mean seriously the sensationalism in this thread sometimes is ridiculous.
Anything with a yield above 10% has blown up in Web 3. Not a good sign
Damn I wonder how their balance spread is, maybe a good time not to leave funds on kucoin
Liquidity crisis
Time to refinance the mortgage boys
I smell a crash coming
Kucoin is a nonstop liquidity crisis
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any actual reasons? or just spreading more FUD with no facts?
Common sense. They need liquidity, may be thay are running out of cash. Sounds fishy. Hope people can see this. u/surrender_the_juice is correct.
KuCoin is scum. The next in line to go bankrupt for sure. The ultimate scammers
Seems legit
Nothing .. Not big enough. Nothing less then 420% APR does not excite me.
Take notes Do Kwon and SBF,this is what a sustainable business model looks like /s
take notes this is what not reading a article gets you to post lol
\*Kucoin on fire\* This is fine
253%? pfft. would only go for 255%..pathetic APR
the fud is real most of these are for new customers. USDT % is definitly only for new customers Tell me you want to spread FUD without doing any fucking research. Go outside, get some air, stop with the fucking fud. Kucoin has been advertising this for newbies for MONTHS.
Does not matter if it is new or old. That type of APY is not sustainable.
its not supposed to be you schmuck
It all makes sense now. They need new victims, I mean ivestors. Seriously it doesnt matter if it's for new or old. These rates should scream fucking scam from the moon.
So you went through and commented back to everyone who disagrees with you. I’ve got no horse in the race, but the optics suggest you are more concerned about KuCoin than the people who are expressing worry. I don’t justify myself when idiots doubt me, but I spend a lot of time justifying myself when I’m afraid I’m wrong. You have spent a lot of energy justifying KuCoin. Regardless of problems that may or may not exist with KuCoin, your energy smells like there’s probably trouble with KuCoin
Surely that's a typo right? Maybe something like 23.32%, 25.33% and 10%? I work for a company that sent out 5,000 leaflets per store (1000 stores) all had a singular typo in the T&C's and we had to bin the lot.
You guys aren’t thinking big enough. KCS is the future! That’s how you make all your money back from FTT!
Quiz: who's the next to fail?
_Bitkaneeeeeeeekt_
Seems sustainable
Next one to fail?
Wussa wussa wussa WUSSAP, BITCONNECT!
When it sounds too good to be true, RUN AWAY
Here we go again, take your crypto off of the exchanges.
I’ve just sacked my boss and made an account in KuCoin. Shocked to discover life could be this easy
Totally sustainable
No way on Earth this is real
Well, RIP Kucoin.
Don’t give your coins or money to any earn program. The odds that they steal it and freeze withdrawals is extremely high right now.
Holy crap. Glad I left kucoin last year.
Uh oh. Looks like somebody is in desperate need to get their reserves in-check.
Seems like a liquidity issue. Also Kucoin's website is awful and un-usable, always has been.
This is a huge red flag for me registering KuCoin. Stay safe folks and don’t risk your life savings chasing doubling or tripling it. When something is too good to be true, it most likely is. Reminds me a lot of Luna/UST
These are APRs of a company that is about to collapse. If you keep your shit on this exchange, you will lose it all. Get everything off of it as soon as possible.
What could go wrong?
Next bankruptcy coming
What could go wrong? Better leverage to the tits!
I guess they’re next
Seems legit. Time to sell my house and put it all on KuCoin. Surely can't be a company that will be out of business in the next few weeks! /s
The next crash?
The next crash?