Why I’m using Unicycle on BSC as my ticket to financial freedom
What is Unicycle?
It’s the goose that lays the golden egg… thats what it is! A true immutable and decentralised project that I’d describe as a “crypto-asset sharing co-operative”. On the unicycle site it states it as a “Highly lucrative Staking Platform”, and I’d agree whole heartedly this too is true.
Immutable; the keys have been burnt, the product was launched complete. The CEO built it out of love for crypto and to create something truly unique with many of the best monetary crypto concepts we’ve come to know and love with none of the repetition you see almost everywhere else.
Decentralised; the code cant be amended, no one owns it, just like a true crypto native protocol and the community are responsible for seeing the success of this baby grow.
Out of the ashes of the crash we’re currently experiencing (coming off the back of a market 55% correction) a newish narrative is gaining traction. High interest yield bearing or staking is being flaunted as the antidote to the ridiculous losses most of us are facing.
Personally I’ve lost almost everything more than once and if it wasn’t for the various staking and liquidity protocols I’ve played around with I would’ve left crypto a while ago.
But I’m still here and I’m thankful I stayed. In the fray of coin launches and random influencer promises of all the x’s in the world, Unicycle was one of the launches I invested in that stuck for me. Weirdly though it wasn’t because the coin pumped hard on launch. It’s because I followed some simple steps and made some money while the price of $CYCLE plummeted from $40 to around a 1c in a 5 week period. I still made money even while this was happening and that stood out for me.
Recently in this last market correction, while everyone is crying over their massive losses I’ve been quietly accumulating about 1 $BNB a day from my initial investment of 22BNB. Not bad considering two months in and I’ve doubled this amount already.
Unicycle is its own ecosystem. It comprises of two coins, the $CYCLE token and $BNB. To get the most out of the protocol you’d have to use all the parts in unison like a beautiful money making orchestra of inflationary wind instruments. In the auction lobby the sexy shredding of guitar solos light up the brutal burning deflationary cycle staking portal. There’s some sweet juicy and endless returns, like actual forever returns, if you provide liquidity and lock them up in return for cycle tokens in the flip farm. Theres also a lottery that for a while there was easy to win as only a couple of us were playing. And the auction lobby is where the magic happens.
For the past two months I’ve been doing my best to juice the most out of this as I can and I think I’ve gamed the system to the sweet sound of my bags filling up with more and more $BNB every day.
Can you wait 60–70 days for an easy 2x? Or are you too impatient? Too many gains to be made if you just get on the right horse right? Look I totally want to make all the money on the world, like I’m here because of the bling bling baby I want that LAMBO… BAD! But I’m done losing money and watching my money disappear because Elon decided to “think out loud” on twitter and crash the market while China licks his balls. Im done I tell you.
What I want is to watch my hard earned cash grow consistently steadily and I want it to be fun. Id also like to get some sleep while I’m at it.
There are two ways to purchase the cycle token, the usual way on pancake swap and the other in the auction lobby. Inside of the auction lobby, at the end of each 24 hour period 100,000 cycle tokens are distributed evenly between all the wallets that pledge $BNB before the auction ends. The owners of these newly minted cycle tokens can choose to do a few things. they can stake them, sell them for more $BNB if the $CYCLE/$BNB market offers an arbitraging opportunity, or hodl. Im receiving and extra 5–10% daily from arbitrage. Currently the market is so tiny but it adds up over time also once but this baby flies it’ll start to add up even more. Thats the inflationary part. 100,000 tokens come to the market everyday. In the staking lounge on the other hand, 95% of cycle tokens staked get burnt in return for a 100 days of $BNB dividends that come from the auction lobby on the daily. Don’t unstake until the end of the contract because if you are impatient you can’t restake and you’ll have to start again.
What if no one uses this and my stakes make no $BNB over the 100 days?
The answer is it’s highly unlikely that will happen. The arbitraging makes it so. At the lowest point in the short history of Unicycle the least amount of $BNB that came into the lobby was 1.49 when the price of cycle was $0.005USD. The price of $CYCLE goes down on PCS means the same $BNB will yield you more $CYCLE. The more $BNB comes into the auction lobby the higher the demand for cycle occurs driving the price/demand of $cycle up in the open market. the more $BNB coming onto the lobby the more dividends all the stakers get, its a win win for everyone any way you look at it.
Something about unicycle that keeps everything in balance. It’s a self correcting ecosystem that pays and pays and pays, much like trying to ride a unicycle. The name of the game here is stack as much cycle in the staking lounge as possible so you get a bigger cut of the daily $BNB pie. The other name of this game is “double dip”(this is one of the strategies I’ve implements to help me get a bigger market share), this means once you’ve made enough $BNB from the dividends to buy twice the amount of cycle tokens you have staked, do exactly that. The is the only protocol I’ve seen that when the $CYCLE/$BNB market crashes you can buy more cycle from your $BNB dividends and gain a bigger market share to get even more $BNB. My personal end game here is to stack as much cycle as I can so I can stack as much $BNB as I can so when $BNB reaches $1500-$2000 that’s when I’ll sell out and start all over again. Im imagining this thing will be a winner during the impending bear market which I am quietly looking forward to.