This is a new BNB staking farm that has just been launched. As usual, it is always good to get in early for such high risk-investment.
It has completed its audit with Haze Crypto.
https://hazecrypto.net/audit/bbdogefarm
Haze Crypto has found no vulnerabilities, no backdoors and no scam scripts for the contract of BB Doge.
Unlike many other such staking farm, BB Doge seems to have a good plan and roadmap to sustain its farm and it does seem like the team has made an effort to think through how they can sustain as the first-ever defi-integrated gamefi project that combines three major elements: Staking pools, TCG and NFT. Farming as well as multi-chains will be supported in the future.
At this early stage, I can only see the BB Doge BNB Staking Farm available for participation. Like all other staking pools, the availability for withdrawal really depends on whether the contract balance has enough funds for payment.
The success of this project will really depend on how many investors have shown interest and decide to invest in it.
BB Doge Farm is going to release its own token 25 days later at Pink Sale.
Below is a screenshot from its site for the six main utilities of BB Doge Coin.
Holders of BB Doge Coin can earn 3% deposit fees from every BB Doge yield farms. The fees will be used to buyback BB Doge Coin and airdrop to BB Doge Coin Holders. Token holders can also earn trading fees from every swap of the token since there is going to be a tax of 12% and these rewards will be airdropped to the holders’ wallets too. Token holders will also be the first ones to access its NFT benefits in the Doge stage 2.0, BB Doge War.
With a 4% daily return, I would be able to get back my initial investment in about 25 days. (100% divided by 4% = 25 days)
If we calculate in the auto-reinvestment, we are actually getting back 3% daily payout that will take us about 34 days to get our initial investment back.
I do believe that its BB Doge Coin can act as a good cushion to attract and keep investors’ interest in its platform. The team has probably done a calculation of the release date of 25 days later when the first group of investors would be getting back most of their current initial investment.
In my personal opinion, it is true that it is a high-risk investment but the team has made good foresight of how to prevent its contract from going dry with its various future plans unlike many staking farms that had to close down after the contracts went dry after all initial investments were withdrawn.
Below are some screenshots of its roadmaps.
Below is a screenshot of its tokenomics.
It has a decent contract balance of 94.509 BNB at the point of this post. In consideration that it has just been released so it is still at a nice healthy state.
Those who decide to enter and invest early before others can usually reap profit in such high-risk investment. The first day is definitely the best time for investment and the risk increases more for those who join much later.
The good side of BB Doge Farm is the team has a plan to sustain its farm so it may just stay around longer than the other short-term staking farms when the late investors were unable to get back their initial investment when their contracts went dry.
Staking in such high-risk farm comes with high reward as it doubles our money but we must also be ready if it fails so we should invest with money we can afford to lose.
We are making a better bet when this is the first day of launch. I have invested a small amount that I can afford to lose. If this ever becomes like drip or other successful platforms, we will be its early adopters. Getting its coming BB Doge Coins can be a nice passive income in profit sharing from its various activities.
If you are interested in this new platform, you can visit it using my referral link below.
https://bbdogefarm.com/?_ref=0xe67ac4d724093fea5882a5167aa79cee57aa747b
Disclaimer: This is my personal reflection and I am not in any position to instruct anyone what they should do. I am not responsible for any action taken as a result of this post. My post can only be a reference for your further research and growth.
