- 10 Weeks ago, I put in $10,000 into a crypto project
called PancakeSwap to stake for passive income.
And after making about $600 in two weeks,
I wanted to see what else was out there.
So I started doing more research
and I came across the DAOs,
which are a crypto projects that allow you
to steak for passive income.
And they auto compound your results for some insane APYs.
And after doing some research and talking with a guy
who was doing over $80,000 a month in profit,
that's when I decided to go in big
and I put in $50,000 across four different crypto projects,
TIME Wonderland, Klima DAO, Olympus DAO, and Strongblock.
And I've already done a video on how much I was supposed
to make after 30 days,
but I'm about five weeks in and now I'm covering,
how much did I actually make?
And I'm not only going to cover how much I actually made,
but I'm going to be sharing with you
key updates across the project,
my strategy for reinvesting and pulling money out.
And at the end of the day,
which project made me the most money.
Let's dive in.
(upbeat music)
What's up guys, my name is Kris and on this channel
I cover all things online money
with the goal of sharing with you my journey
of creating passive income streams with all of you
so we can all live more meaningful lives.
And today I'm going to be doing an update on four projects
I invested in about five weeks ago.
Now, when I did a video about 30 days ago,
going over my projections on how I was supposed
to make $15,000 in a month,
I was getting a lot of comments saying that
this is just theory.
And how much did I actually make?
And it's been about 37 days and I've made just under $28,000
in unrealized passive income.
And the reason why it's unrealized is because
I haven't taken anything out yet.
However, it did not pan out at all
like it was supposed to in the video.
Some projects, I made more than I projected
and other projects I actually lost money on.
But before I get into the details of each investment,
if you do like making money online,
be sure to like and subscribe
new videos coming out every single week.
I cannot express to you guys how grateful I am
for all of the new subscribers.
I'm just a guy who loves crypto.
And I'm so ecstatic that you guys wanna listen to me
talk about it.
So thank you so much.
And that leads me into the disclaimer is
I am just a guy who likes crypto.
I'm not a financial advisor,
please, please do your own research
and understand the risks that you're getting into
and the riskiness of these investments.
And that being said, let's get into it.
Now, really quick, I am filming this segment
after I've already filmed the original video
and the market at this time has pulled back by about 25%.
Bitcoin's at 43K dragging a bunch of prices down.
So I thought this would be a great place to show
what I'm actually making now
that the market has pulled back.
And I'll be showing you that at the end of the video.
And I think you're going to be surprised
with the results you see.
Now back to the regular video.
Now, the first element that I invested in is Klima DAO
and its offering its users in APY of over 60,000%.
And when I invested in this,
I invested $7,268 and I purchased 2.3 KLIMA.
Now that means that I purchased KLIMA for $3,160.
And as of right now on my KLIMA investment,
I am down over $2,000.
Now the problem with my KLIMA investment is,
is I'm invested in one of the highest points of the project.
And if I would've just waited,
I could've saved a lot of money.
Now, that being said,
I still ended up making that almost $28,000.
And this is why diversification is key.
And by me taking the plunge in these other projects,
it ended up actually working out.
And that leads me into the next project I invested in,
which is Olympus DAO.
Now Olympus DAO OHM is the oldest DAO on the list.
And I put in $11,592.
And I got in at 966 bucks,
which came out to be about 12 OHM.
Now, the cool thing about these staking projects is,
is that that $960 price point that I got in at
OHM is actually down to $825.
So more than 15% and my investment is still up by 25%.
I made $3,268 on my OHM investment.
And this is why I love auto staking.
And it's because the investment can go down
and you can still make money.
It's almost like a safety net.
Now when it comes to OHM,
this is the only DAO I actually pulled money out of
and I put it into other DAOS.
I put it into Hector DAO, Snowbank, Metaverse Pro.
And the reason I did this was two fold.
Number one is, I think the Ethereum network
is a huge barrier to entry.
After I posted my video,
I didn't realize how many people just wanna get in
and put in a few hundred dollars.
And if you want to get into OHM,
it doesn't make sense for you to do that
because you're going to be paying at least 100 to $200
in Ethereum fee.
So I think there's a barrier to entry there.
And number two is the high APY on these projects
is unsustainable
and OHM has been out since April of 2021,
and it's already gone from a 30.000% APY
down to about an 8,000% APY.
And I wouldn't be surprised to hear soon
if it actually goes down even lower.
Now this is just speculation.
So please do your own research.
But because of those two reasons,
I wanted to get into some other investments.
And this leads me into the third project I invested in,
which is TIME Wonderland.
And it's offering its investors almost a 90,000% APY,
and it's only half the market cap of all.
And it's on the avalanche blockchain,
which like Klima DAO has very low fees.
And I think this is one of the best projects
that balances a high APY and low risk
because there are projects and there are DAOs out there
that have millions of percent of APY,
but there's so much risk associated with that,
that I didn't feel as comfortable going in big.
Now about five weeks ago, I bought 1.8 six TIME
for a little over $13,000.
And this absolutely blows my mind,
but I've made about $22,000 in unrealized passive income
from just this one project.
So you can see where most of my money came from.
Now, a cool update about this project
is you go to the Wonderland website
and you see on the left-hand side,
you can see an online calculator
where they'll give you projections
based on 30, 60, 90 days out.
And my investment is calculated out to be about 60 grand
in another 30 days,
which means that my original $13,000 investment
in another about 30 days could be worth about 60 grand.
And that absolutely blows my minds.
And now a whole lot can happen in crypto in 30 days,
if Bitcoin tanks, all of these projects are going to tank,
but my strategy is this is
now in about 60 to 90 days,
I plan on pulling out my original investment
from Wonderland TIME.
I'm probably going to let my KLIMA stay
because if I pull out my original investment from KLIMA,
I won't have any KLIMA to invest
and the other smaller cap projects that I'm in,
it's not really enough for me to worry about.
And until it becomes worth about 3 to 4X
of what I put in,
that's really when I'm gonna start thinking about,
taking out that an original investment,
because I don't want it to affect
the auto compounding too much.
And I think it is really important
for any crypto investment,
whether you're just swing trading
or you're doing something like this to de-risk yourself.
And it does make it easier to stay invested
in these projects when they do go up and down,
because there's a lot of fluctuating in crypto.
And I also saw a unique strategy on Twitter,
where there was someone who was pulling out
about 7% of their original investment every single week.
And that 7% doesn't really affect
the auto compounding too much.
And you are able to scale out your original investment
across about three months.
Now, the last project I did wanna cover in this video
is called Strongblock.
And it's not actually a staking project.
It is a master node where you earn rewards every single day.
And the reason why I'm doing this
is because $3,200 of that profit that I did make
is from Strongblock.
I do have quite a few regrets about this project,
and I wanna get into that.
Now, if you aren't familiar with Strongblock,
it takes 10 STRONG for one node
and I purchased two nodes.
At the time of me purchasing a node, STRONG was $690,
meaning that I purchased two nodes for $690 each.
And that came out to be just under 14 grands
and not all master nodes work this way,
but when you purchase a Strongblock node,
that money is gone.
And I was getting a lot of flack for this investment.
And the biggest argument against Strongblock
is that it's a Ponzi scheme.
It is not a Ponzi scheme because on their website,
it says that 60% of their funds
go back to node reward holders.
This means that six STRONG out of every node
go back to reward holders.
That also means that four STRONG out of every node
go to other use cases.
But that doesn't mean that I don't have regrets
about the project.
Now STRONG will reach its one-year birthday
sometime in early December,
but there's now talk about the decay rewards model,
which is a mathematical model
that will decay node holders rewards
after they recoup their original investment.
Now, there's still a lot that we don't know about this,
but founder David Moss is going to be addressing this
sometime in early December.
And it's something that I think potential investors
need to be aware of.
And honestly, if I had even heard talks about this
before investing into it,
I probably would have stayed away.
Okay, so now that you saw what I was making
about five days before,
what am I making now that the current market has pulled back
and after about 40 days of staking,
I'm still up $18,304.
And I can't stress enough how pumped I am about this.
Because if you still look at Klima DAO
that investment right there, I'm down,
over $3,000 on that one investment,
but this shows the power of compounding
and the power of diversification.
And at the end of the day,
I'm not pulling anything out when it's double digit red.
If you look across the board,
the entire market is double digit red.
And the only thing I'm thinking about
when the market's double digit red
is either one buying more
or two holding my current positions,
I never think about selling.
So I wanted to show this just to not only be transparent
with you guys,
but also to show what my portfolio looks like
after a severely red day.
And hopefully that'll help some of you
that were thinking about getting into
some of these projects,
or maybe even currently in some of these projects
on how to handle days like this,
and if you even want to invest.
So down below,
I wanna know which projects are you thinking
about investing in,
or which ones are you currently invested in?
And if you guys do like videos about making money online,
consider liking and subscribing
new videos coming out every single week
and watch my other playlist.
One video a day will go much further than you think.
Thanks guys for watching,
stay safe out there and I'll see you next time.
(upbeat music)