last year i spent an entire year trying to make a million dollars i ended up failing i only made
it to 147 000 but this year i'm not giving up i'm doubling down trying to find new ways to help me
get to my million-dollar goal now since i've never actually made a million dollars or never been a
millionaire it's easier said than done i have a lot of people tell me oh you should be flipping
houses or you know you should be doing amazon fba or you should try drop shipping i'm sure all
those ways could actually get me to my million dollar goal and i plan on trying out some of
those ways eventually but the problem is i don't know anything about those industries i wouldn't
even know where to get started however i do know a decent amount about crypto and crypto is certainly
a way you can amass an incredible fortune in a really short amount of time so this year with all
the different capital i was able to build up year one of my journey i'm focusing really heavily on
crypto as a way to get to my million dollar goal and to be honest i think a lot of people just
getting started with investing in general don't understand how absolutely mind-blowing the yields
you get from crypto actually are in traditional finance a normal good annual interest rate for
an investment would be around 10 however in crypto a lot of these different projects that i'm trying
out are like 50 annually or like 80 annually or 100 annually or 400 annually or for example
recently i did an entire video about strong notes and how i jumped in to that project and i'm making
around 15 000 a month passively with this crypto project now with something like strong notes the
reason i'm able to make so much per month fifteen thousand dollars a month is because i originally
invested around forty thousand dollars to buy eight notes but still making fifteen thousand
dollars a month at this point i'll be making back my initial investment in less than three months
that is an absolute insane yield but the problem with something like strong nodes is in order to
get just one node for somebody to just get started with something like strong notes they have to pay
7 000 at today's current prices to buy just one note and i have a lot of friends and family that
i really want to help them out i want to see them grow their wealth and i want to see them you know
getting enough passive income so they don't have to work their job anymore and most of them just
don't have the cash lying around to get started with something like strong nodes so for me that
made me wonder is there anything else out there like strong nodes where you can make this insane
passive income but that doesn't cost thousands of dollars to get into so i started searching and in
general i get a lot of different recommendations in the crypto space just because in the past i've
shared some smaller different crypto projects that are kind of more hidden gems and so now people
like to send me messages or leave me comments with different projects that they think are also hidden
gems and i actually take the time to write down and go through every single project that people
recommend me just because i don't want to miss out on getting in early on the next best project out
there and occasionally when i'm getting these recommendations i'll get recommended the same
project over and over and over and over again and when that happens i like to bump it up to the top
of the list just because you know usually if a lot of people are recommending it there's a lot
of interest and it's probably a really interesting project to check out so when i went to look for
something like strong out there in the crypto space the first thing i did is i went straight
to the list of different recommendations that i've been gathering and sitting at the very very top
spot in my list because it had been recommended over and over and over and over and over again
was a really interesting project called olympus dow so like every crypto project i look into the
first thing i did is i went straight to the site to check it out and unlike a lot of the different
projects that i've been looking at lately olympus dow actually had a really nice well-designed
website which for me was a really good sign just going into it the website states that the olympus
dow is the decentralized reserve currency at the top of the website i saw a button that said app
and i clicked it immediately because i want to see what type of apy this project was paying
out or what was this project paying out why was everyone so excited about it and kept
recommending it to me immediately i saw the apy sitting at the top of the screen was 7
700 and my first thought was like oh like i thought just because so many people recommended
this project that it was a bigger project with a crazy apy like that it must be like maybe
a smaller project because i'd never heard of a bigger project paying out anywhere close to seven
thousand percent apy so i quickly went over and looked at the market cap of the project and it
was sitting at 1.5 billion which means it's not a small project but this is actually a pretty
substantially sized project and it shouldn't be paying anywhere close to 7 percent apy maybe it's
like the crazy high end it would be closer to like 120 or maybe even 150 but that's still pretty high
for the size and caliber of the project in fact if you look at on a chart it's in the top 60 of
all crypto projects out there i just assumed that i wasn't understanding how the apy worked
or there must be some other mechanic involved in the ecosystem because that just doesn't make
sense that it would be paying out seven thousand percent and if you're not understanding why like
a smaller project could totally pay out way more than seven thousand percent and a big projects
can't it has to do with the fact that like small projects have like a thousand users or a hundred
users they're using the platform so they can pay out a crazy apy in their token but their tokens
worthless so it doesn't actually matter however for a large project it probably would translate
over into us dollars like they're paying out a thousand percent apy it'd probably be pretty close
to a thousand percent you're getting in us dollars as well and let's really quickly do some math just
to show you how outrageous seven thousand percent annually would be if you put in just a thousand
dollars a seven thousand percent annual interest in one year you'd have seventy thousand dollars in
two years you'd have five million dollars in three years you'd have 357 million dollars in four years
you'd have 25 billion dollars and in five short years you'd have more money than any person on
the planet with 1.8 trillion dollars and all that from a tiny 1 000 initial investment and that is
why immediately when i saw the crazy high apy and i saw it was a larger project i knew that there
must be something i'm not seeing here because there's no way a project can actually pay out
seven thousand percent annually so i went back to the home page and i started reading through
all the different info they had there there was a section on the homepage titled how olympus works
i read that probably 10 different times and even after reading it 10 times i still wasn't
comprehending what they're trying to say or i wasn't understanding it i feel like i'm a pretty
smart guy but for me i just wasn't understanding what they were trying to say the next section of
the website is called sustainable staking apy and actually laughed out loud when i read that
because i was like what are they even saying like seven thousand percent is not sustainable
what am i missing here and at this point i'm thinking to myself either i'm totally missing
something or this is a total scam because i just couldn't see how they could possibly
claim to pay out seven thousand percent that's just not possible however reading through the
sustainable apy staking section i was able to understand what they were trying to communicate
and get across basically they were saying that the income generated by the olympus dow treasury
is always going to be more than they're actually paying out to stakers the next section said this
ome is designed to grow in value om is backed by an ever-growing income generating treasury
we've created a currency that is able to constantly grow purchasing power despite
market conditions this was the second time that they'd mentioned the treasury they'd mentioned
the treasury's income and it really made me wonder how is their treasury supposed to work and how is
it able to generate income it was at this point that i switched from the site to diving into the
actual documentation of olympus doubt and my first impression reading through this documentation
was that the people that created olympus dow were really really really really smart when it
came to economics and how to structure this thing they really thought through the mechanics of this
whole ecosystem it wasn't something that they haphazardly threw together i've looked through
a lot of different crypto projects but i've never seen anything like this and after maybe
two hours of reading through this documentation over and over again and watching videos and really
trying to understand how this whole thing works i did feel like i actually got a grasp on what they
were trying to say and how in general olympus dow works and i'm going to try to summarize it for you
in really simple terms right now ohm or om is the token for olympus double ohm is similar to a
stable coin in that every ohm out there is backed by one die die spelled d-a-i is a stable coin
that's pegged to the u.s dollar so one die is always worth one dollar but unlike a traditional
stable coin om isn't pegged to a dollar it's free floating and what that means is it can't
go below a dollar because you know every single ohm is backed by a dollar but it can go far above
a dollar in fact today at current prices one ohm is worth 888. this gives om intrinsic value like
a stablecoin but also gives it the ability to get a market decided value like bitcoin but the real
magic behind the olympus dow ecosystem is in the treasury the olympus dow treasury sells bonds that
allow people to buy ohm at a lower than market value price let's say the market value of 1 ohm
was 20 so if you wanted to go buy one ohm it would cost you 20 what the treasury does is they will
sell bonds allowing you to buy one owned for not twenty dollars but for ten dollars obviously that
sounds like a really good deal for you because if you went on the market you'd have to pay 20 but
if you buy it directly from the treasury you can actually get it for 10. but why would the treasury
do that why would they sell you one owned for ten dollars when it's selling market value for 20.
this is the part we have to remember it only takes one die to mint one own so what they're actually
doing is they're getting you to pay 10 die for one ohm meaning for the price of one ohm the treasury
is actually able to turn a profit of nine die the basic point is that this process of arbitrage
actually allows the olympus doubt treasury to build up funds in excess of the amount they'd
have to pay out per ohm over time and those excess funds that they generate they use to do two things
one they use them to pay out staking rewards all the rewards that people are getting staking ohm
are actually just the excess that the treasury is currently holding the second thing it allows
them to do is to go out and buy up all their own liquidity so if you think of yield farming
there's always a lot of yield farmers out there they're providing liquidity to the protocol and
they get rewarded for doing that yield farmers are able to make a lot of money if they know what
they're doing for providing liquidity for these various protocols and traditionally a lot of these
protocols have to pay out incentives to keep these yield farmers around for olympus however
because they own most of their own liquidity they don't have to do that they don't have to pay out
incentives and instead of other people collecting the yield for providing liquidity the treasury
itself is actually able to collect its own yield further increasing the profits and income of the
treasury but the biggest takeaway i got reading through all this different documentation was
that at face value it seemed like olympus dow was actually legit my takeaway was basically
they're running one of the craziest and wildest economic experiments i've ever seen after all this
before i'm jumping in i was left with basically one last question what is the risk of the price of
one ohm actually falling all the way back down to its intrinsic value of one die or one dollar
currently sitting at a price of 888 while it's kind of neat to know that it has an intrinsic
value it's not necessarily very reassuring like if you're looking at investing money when it's
sitting at a you know all the way up at 800 bucks like cool if i invest 800 bucks at least i know
if the investment crashes to nothing i'll have a dollar left and this is where i learned about
something called risk-free value the risk-free value is basically the value the treasury has
been able to accumulate currently the treasury has much more money available than there is ohm
in circulation meaning the real risk isn't actually your investment falling all the way
down to a dollar in fact if there was a scenario where most people sold off their own because the
treasury is paying out excess profits to those who keep staking if you kept staking not only would
you get all the money you invested back but you'd also likely turn a profit because the treasury is
continually building up income it's continually building up assets over time the longer you're
staked in the project your risk-free value could actually become zero as you gain a greater market
share in the project than you originally had when you first started but all in all after reading
everything after understanding the risks i decided to jump into this project and try it out i started
out with actually a pretty large amount i put in five thousand dollars because i wanted to see
what this thing could really do it was saying over the next five days i'd make six percent
and a lot of people in stocks yearly annually will make six percent and be happy with it so
i was excited to see what's gonna happen i wanted to know if this thing was legit i wanted to know
if there's still something i wasn't missing you know maybe when i actually invest maybe it works a
little bit different than i was understanding what ended up happening was after my first nine days
just nine days being invested with just five thousand dollars i was able to pull in nineteen
hundred dollars which was kind of crazy to me that i was able to pull in that much money from a 5 000
investment over nine days and obviously for me like when i get too excited i start making these
dumb kind of sort of irrational not really smart decisions and i decided you know what i'm gonna
do i'm gonna take a lot more money and i'm going to throw it on olympus dow because i you know if
i made 1900 in nine days imagine how much i could make had i invested double that you know because i
could have made double or imagine if i'd invested like you know ten thousand dollars which was
that's the same amount i decided to increase the amount i had steak i transferred money
over from anchor i staked it on olympus dow and i ended up staking around 17 132 anyways i think
i did that on like a friday or like right before the weekend i ended up not looking at the price
for all weekend and uh or for whatever reason for every reason there was like a gap of time where i
wasn't checking the price and i ended up checking in about four days later and in just four days
with an initial seventeen thousand dollar investment which is actually a pretty large
investment but still within just four days i had made ten thousand dollars because the
price of home had gone up plus i got was getting paid interest and i was just like dang but i was
actually being kind of smart in this point as well because i was like you know what i need to
do i don't need to put any more money in this what i'm gonna do is once i've doubled my initial stake
i'm gonna take that money out and put it back in anchor so i kind of formulated a little bit of a
plan and strategy so that you know i didn't lose control and start throwing crazy money at you know
olympus dow just because you'd never know what's gonna happen long term and it's always smart just
to get your money off table when you can and just put it into other things and now currently it's
been one week and three days since i've staked that larger amount initially on olympus dow
and when i did make that initial larger investment the price of one ohm was around 918
four days after i made that investment the price skyrocketed to over twelve hundred dollars which
is why i ended up making a ton of money but then the price dropped from 1200 all the way down to
600 and then since then it's climbed back up and it's currently sitting around 880 all that being
said although initially in those four days i was really stoked because i was like whoa i just made
ten thousand dollars that ended up disappearing when the price of ohm dropped back down and it's
now lower than when i actually initially jumped in with my big investment however even with it being
lower than when i initially invested i've actually still made a good amount of money over the past
one week and three days since i made my initial larger investment i've made 3 362 dollars so for
me for only a week and three days of investing making over three thousand dollars is definitely
a win in my book and i'm really excited to see kind of how this project keeps unfolding like i
mentioned earlier my plan is to get out my initial investment first before i invest any more money
before i do anything else i'm gonna get out my initial investment so i can get that off the table
just because this is a crazy experiment you never know what's gonna happen after that though i plan
to just let my home sit there and just see what happens over the next year maybe it turns into
a crazy amount of money maybe it turns out to be nothing at all and i know everyone always
asks for a tutorial and for this one since staking ohm's actually really really easy
i'm just going to walk you guys through how to get it staked if that's something you're interested
in and right here these are all the different places you can buy home you can currently only
get it on a dex as far as i'm aware if you're not sure how to use a dex then you're gonna have
to look up another tutorial on how to do that first you're gonna go to olympusdow.finance in
the right hand corner you're gonna click on the orange button that says enter app then you're
going to go down to the button that says stake you're going to connect to your wallet whether
it's meta mask or wall connect and then you're going to choose the amount of ohm you want to
stake and then click the orange button that says stake ohm and when i clicked it this is what it
was saying i was going to have to pay for gas fees around 44 bucks if everything looks good you hit
the blue confirm button and that's it under your stake balance you should see your staked ohm and
you're good to go if this video is helpful and you want to help me grow my channel please hit the
like button it helps get the algorithm going and makes things a little bit better for me i think
let me know your questions in the comments below i again try to go through every single one the
comments have gotten a little bit out of control lately because i'm just getting so many now and
i am not able to keep up with all of them but i am trying to go through and at least read all of them
and i'm responding to any direct questions as fast as i can and as many as i can and lastly
if you want to see more content like this make sure you hit that subscribe button and you got
to hit the little bell next to it if you want to actually be notified each time i release a video
otherwise i'll just kind of randomly show up sometimes in your feed but you won't actually
be notified unless you hit the little bell thanks for watching and i'll see you next week
you