Anonymous
What are your thoughts on MCO Earn?
Am thinking of putting some cash in to earn the high interest...
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Travis Teo
23 Aug 2020
Head of Business Development at Tokenize Xchange
Personally I think it might be a ponzi scheme for any fixed rate APR in the crypto scheme. It is prolly unsustainable in the long term and could see them lowering rates in the future.
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Timing the market is always difficult.
Eg. Thinking that u are selling high and price goes higher.
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It'll be a viable option to diversify your portfolio in this current economic climate, considering that most banks are lowering their interest rates. As what some users have advised, stablecoins like USDT have lower volatility as they're pegged to the US currency which should reduce the risk of staking.
Then again, do only consider staking the amount that you're prepared to lose on Crypto Earn.