Disclaimer: All information is for educational purposes only and are not intended to constitute legal, tax, accounting, financial or investment advice. I am not a professional financial advisor, attorney or account, nor am I holding myself out to be. There is no guarantee that you will earn any money using the techniques and ideas mentioned in this video. All financial opinions expressed are from personal research and experience. There may be affiliate links, meaning that I’ll receive a small commission when you click on my link. The information, opinions and views contained herein have not been tailored to the investment objectives of any one individual, are current only as of the date hereof and may be subject to change at any time without prior notice. I do not take ownership of the information described here. Your level of success in attaining the results claimed will require hard-work, experience, and knowledge.
5 STEPS TO PARTICIPATE IN THE BAKED BEANS PROTOCOL
2) Then you then need to transfer your coins from your exchange wallet to your Meta Mask Wallet.
If you do not have a Meta Mask Wallet this Step-by-Step Meta Mask Tutorial will walk you through the simple process.
3) Use this referral link to go to the OFFICIAL ROAST BEEF platform.
Click Here to Access my Offical Roast Beef Website
4) Connect your Meta Mask Account and purchase your beans.
5) Log into your account daily once a day and click the REBAKE link. ON THE 7th day claim your rewards by click the EAT BEANS LINK.
This process is very important to maintain your 8% daily payout. Six days Rebake, on the 7th day click EAT BEANS!
Two things I should have mentioned above. 1. There is no minimum amount required. 2. This is the BNB token on the BSC network and so a tutorial on adding BSC to Metamask would be helpful, or just link the official one here: https://academy.binance.com/en/articles/connecting-metamask-to-binance-smart-chain
WHY THE ROAST BEEF CRYPTO PROTOCOL?
A few days ago I published about Baked Beans Miner on BSC which paid up to 8% Daily Returns that has been ongoing since Nov 2021. It’s current Total Value Locked (TVL) is at a whopping 34.8k BNB (14.8 Million) which explains the hype behind all these forked projects.
Roast Beef is a clone of Baked Beans Miner, built on the Binance Smart Chain (BSC), with the same fees (3%) but higher reward rate (Up to 10%), which means that you can get your ROI faster than Baked Beans Miner while being early.
It launched about 3 days ago on 17 Apr 2022, and has amassed a value of about 5.4k BNB (2.3 Million) since then. It is audited by HazeCrypto as well.
What is Roast Beef?
The Roast Beef smart contract is basically a locked staking rewards pool, the funds deposited are converted into and represented as ‘Beef’ on the dApp. The project will pay you up to 10% of your invested daily.
Your choice whether to:
- “Eat Beef” — claim your rewards daily
- “Re-Roast” — compound your investment.
They have a great mechanism built into the smart contract where you are punished for withdrawing too regularly and incentivized for compounding / reinvesting your daily rewards.
Your daily reward rate is up to 10% daily, but will decrease if you withdraw too regularly, hence it is recommended in the whitepaper to follow a 6 day Re-Roast 1 Day Eat Cycle every week, for both the longevity of the protocol and your own reward rate.
Do take note that if the Total Value Locked (TVL) in the contract is dropping this reward percentage can also drop to 2–3%. To date, the TVL of the contract is only increasing and the reward is stable at 10% per day (May decrease based on the users withdrawal habits)
Taxes & Fees
There’s a 3% tax on deposits & sells which will be used for development & marketing. Exact distribution undisclosed.
Let’s assume a 10 BNB initial investment, I’ve calculated everything in BNB to reduce the complication with how the Beef/Beans show in the dApp.
In the Roast Beef, and we follow the 6 Re-Roast 1 Eat Strategy, by the end of a week, you can collect a 16.67% ROI while maintaining your high reward rate.
Google Sheets Calculator
Do refer to this Google Sheets Calculator here if you want to see the theoretical numbers.
Also don’t request for permission to edit, save a copy for yourself by going to File > Make a Copy
Personally I would take profits occasionally & not be compounding for a month straight even if that might be the method with the highest earning potential. After all, potential are merely unrealized gains.