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HYIP is essentially a Ponzi scheme but Wedefi is more often not a Ponzi but falls under the crypto niche. It involves investing and awaiting profits from activities such as affiliate marketing and consistency.

On Wedefi.com, the common term “Borrowed Balance” refers to tokens that you have limited time to use starting on current day and ending at a set date in the future.

These tokens are known as borrowed tokens. Using functionality from Fusion, a token can have its ownership split across time so that instead of spending or risking the full value of the token, only slices of values are utilized.

I will recommend you read this article carefully before joining to have a full and clear idea.

About Wedefi

Wedefi is a platform that enables users to use their crypto assets to earn interest and play in lottery jackpots without ever giving up control or compromising on security

Wedefi also Promice members will enjoy the benefits and independence of the digital economy without the technical headaches and complexity

As a one-time signup bonus, WeDeFi gives members 100 borrowed FSN to earn with. They also give you 0.4 FSN to cover over 400 transactions in gas fees and you own short address / universal short account number(USAN).

Wedefi Review

Earn up to 20% APY with the tap of a button. Join the new earning economy with instant access, no risk, and no lockups

Try your luck with Safebet, our risk-free lottery. You get your money back, whether you win or lose. Take a chance at big prizes without getting burned

Refer friends and climb the ranks to more lucrative rewards for both you and your friends.

Usernames personalize the crypto experience while still maintaining your independence and full control of your assets

Your WeDeFi username is unique and linked to your wallet. Other WeDeFi users will be able transact with you using your username, including sending you tokens.

Sadly, if you lose your wallet key phrase, you lose your username! Yet another reason to make sure your key phrase is backed up and stored in a safe place.

How To Earn on Wedefi

Use your FSN to earn interest and grow your stash with no time commitments.

Invite your Friends
Grow your Troop with your Referral Code. Earn rewards for you and your troops.

Meet rank requirements to get even more rewards! Earn badges and show them off.

Earn up to 8X more! The higher your rank, the more you and your referrals will earn.

Wedefi Affiliate Program

The Million Pig Army program rewards our believers and their network for getting the word out about WeDeFi. You are our best advocates and we want you to have fun and be rewarded as you spread the news.

Each person that joins using your referral code, which is your username, becomes part of your troop. The more people you refer, the more both you and your referrals will earn.

Upon meeting certain requirements, you rank up so and each referral bonus going forward doubles from the previous rank. At the current unlocked rank of Major, referrers can earn 8x more per referral than a Private.

Each rank offers new rewards and new missions to move up and earn even more. Start as a lowly Private and work hard to make your way up to Major!

________________________
Private
REWARD

25 FSN
TOTAL PRIVATES

REQUIREMENTS
Refer 1 person
________________________
Lieutenant
REWARD

50 FSN
TOTAL LIEUTENANTS

REQUIREMENTS
Refer 5 people
Maintain 275 FSN in Interest
________________________
Captain
REWARD

100 FSN
TOTAL CAPTAINS

REQUIREMENTS
Refer 15 people
Must command 3 Lieutenants
Maintain 1,500 FSN in Interest
________________________
Major
REWARD

200 FSN
TOTAL MAJORS

REQUIREMENTS
Refer 30 people
Must command 5 Captains
Maintain 5,000 FSN in Interest.
________________________

Wedefi Withdrawal

If you withdraw your deposited tokens, WeDeFi automatically looks for and combines your borrowed tokens with matching upcoming tokens to create whole tokens.

Wedefi Supported Countries

Another important aspect about this WeDeFi review is they fact they are constantly adding support for new countries.

Their application is available in Austria, Australia, Belize, Brazil, Canada, China, Colombia, Cyprus, Estonia, Finland, France, Germany, Ghana, Greece, Ireland, Italy, India, Kenya, Latvia, Lithuania, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Russia, Spain, Singapore, South Korea, Suriname, Sweden, Tanzania, UK, and US, Vietnam.

Is Wedefi Scam or Legit

Anyways, team Xycinews can’t pronounce Wedefi scam or legit because we wrote Wedefi Review Article.

We work with researched field report, verified evidence or users comments, so this is a potential prediction from all the information gathered.

WAIT… …. WHAT YOUR ASSUMPTIONS NOW ?

Is Wedefi Legit?

Is Wedefi Scam?

Or

Are You Blank?

Okay, Let’s Proceed.

Never Forget To Support Us With Your Opinion in The Comments Section To Help Other Users

Is Wedefi Scam

WeDeFi does not store your key phrase anywhere in our servers. The beauty of decentralized finance is that each person can be their own bank without having to rely on 3rd parties.

At the same time, it means you are also responsible for protecting and backing up your access to your wallet.

Also on WeDeFi.com all private keys and sensitive data are stored on your local device they are safely protected with Android SharedPreferences and iOS keychain.

This means only the app itself has access to the data it uses. Even if a hackergains root access to your device, we took extra measures to protect your private keys using military-grade encryption methods.

Your private keys are only decrypted at the moment you need to sign a transaction or when you reveal your key phrase to write it down.

Is Wedefi legit

Staking allows blockchain protocols–the revolutionary backbone of a transparent and accessible finance ecosystem for everyone–to check that transactions are real and store this information. In return for providing this service, people who stake are paid a reward.

WeDeFi is able to create a Staking solution that is safer than others. This 1 year, which starts from date of deposit to 1 year in the future, is then classified as a Borrowed token. Have no fear, you still own your token!

If you go to Position details screen, you will see the Future portion of your token in the Upcoming balance, safe in your own wallet.

Disclaimer

This Wedefi Review Article isn’t aimed at defaming Wedefi nor is it targeted to promoting them. This article is strictly for enlightening purposes and a honest guide from our perspective which other Platforms might not publish timely.

There is no guarantee that you will make these levels of income after joining and you accept the risk that the earnings and income statements differ by individual.

Additionally, you can’t hold the administrator responsible even when it fails because it’s an online earning scheme.

Team Xycinews is no third party and we can’t handle any complients whatsoever.

The Blogger Scientist

Hello 👋 , Do you enjoy reading articles on Xycinews.com ?

Do you want a Review on your Brand, Site, App, Software etc..

You Can Connect Xycinews Media Founder If You Want To…. HOW?

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Naabiae Nenu-B is a Medical Health Student and an SEO Specialist dedicated to flushing the web off fake news and scam scandals. He aims at being "Africa's Best Leak and Review Blogger" and that's the unwavering stand of Xycinews Media.

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Dessii Media Investment Review – Scam or Legit 55% ROI Platform

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NOTICE: In as much as Team Xycinews aims to deliver a near perfect review, we have a lot of Platforms on our Log to review & a lot already reviewed. Sadly this limits us from backdating to track the status of already reviewed platforms.

Kindly note that the platform information were correct as of time of publishing but might turn out to be SCAM without our notice.

Always check our article’s published date & the comment section below for users opinion. Thanks ♥️

 

Dessii Media Review

It is an Affiiliate and Investment platform which pays members 55% roi both simple and compoundly by engaging into forex, real estate, international trade and other back up investment enterprise.

To stand out different, you don not need to do anything on Dessii, just invest and relax for either 30 or 120 days depending on the plan you choose.

 

Dessii Media Investment

  • DIAMOND N300K (N465,000)
  • Copper N10K (N15K)
  • BRONZE N20K (N31,000)
  • SILVER N50k (N77,500)
  • SILICON N100K (N155,000)
  • GOLD N200K (N310,000)
  • JEWEL N500K (N775,000)
  • PEARL N1M (N1.55M)
  • RUBY N2M (N3.1M)
  • AMBER N5M (N7.55M)

 

Dessii Media Withdrawal

Once you earned and reached the duration for withdrawal, kindly visit your dashboard and fill the withdrawal form. Withdrawals are processed within 24-48 hours upon applying for withdrawals.

 

Dessii Media Referral Program

For every online platform, the referral model follows a pattern, all company wants to promote its product, app or site so they offer all potential users the opportunity to share their link, make a new member, and earn a bonus as reward.

The same model is applied on the Dessii Media site. Dessi Media provides another opportunity to earn on the platform through the referral system, you earn a huge referral commission when you bring someone to join the platform with any of the packages, each package has a different referral commission.

  • Copper – N500
  • Bronze – N1000
  • Silver – N2500
  • Silicon – N5000
  • Gold – N10,000
  • Jewel – N25,000
  • Pearl – N50,000
  • Ruby – N75,000
  • Amber N100,000

 

Dessii Media Registration

Dessii Media Registration on the site isn’t so complicated, but it’s really necessary to have the below information handy is a as it might be needed of you.

  • Email Address  
  • User Name  
  • Phone Number  
  • Contact Info  
  • Password

 

Dessii Media Login

Before you have access to Dessii Media login page, it’s obvious you must registered successfully.

To login Dessii Media only the below is needed 

  • User name  
  • Password

 

Is Dessii Media Legit

In ascertaining the credibility of a platform before outrightly assuming that Dessii Media is scam or Dessii Media is legit is very discreet, this makes a lot of factors even the slightest one so so important.

A legitimate Platform will have contact details on its site. If it is just a web contact form, without an address, email, and phone number you should probably be wary. Additionally, the name Monday Desmond has appeared along the line as the CEO.

I personally don’t think this platform is here to stay for long, after all no one stays forever. Their business model remains private and they can confidently close down any day due to server downtime keeping investors in the dark 

The platform is already two months old and this is close to what I call the breaking point where they can just decid to crash at anytime.

 

Is Dessii Media Scam

Primarily, Xycinews Media contents is to give an overview of platforms and what they entails to help you decide if proceeding with them or Investing only what you can afford to lose.

  • Do you think Dessii Media is scam?
  • How you being defrauded?

With a lot of platforms on our desk to review for the general public, we might not be able to keep track of Dessii Media on a regular. Please help us by dropping a comment and this will help other potential investors from falling prey or proceeding to invest.

 

Continue Reading

Leaks

Montek Review – Is Montek Scam or Legit 20% ROI Scheme

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NOTICE: In as much as Team Xycinews aims to deliver a near perfect review, we have a lot of Platforms on our Log to review & a lot already reviewed. Sadly this limits us from backdating to track the status of already reviewed platforms.

Kindly note that the platform information were correct as of time of publishing but might turn out to be SCAM without our notice.

Always check our article’s published date & the comment section below for users opinion. Thanks ♥️

 

Montek Review

According to the CEO, Montek is a reliable and Trusted Investment Platform in Nigeria to invest and get percentage of your money back.

Montek investments says they strive to be among the best providers of investment services in Nigeria delivering a diverse range of established and pioneering service.

You will get profit of 20% ROI in 7 days on your first Investment and subsequently get 80% monthly!

Only Users that have activated their account are eligible to participate in Montek Investment Programme. However you must be 18 years and above, to participate.

 

Montek Investment

They are introducing a 20% start up ROI to every investor with a minimum of ₦10,000 and maximum of ₦500,000 for a start.

This ROI is to be paid weekly to enable reinvestment and full commitment to members.

  • 10k You get 12,000 after 7days
  • 20k You get ₦24,000 after 7days
  • 50k You get ₦60,000 after 7days
  • 100k You get ₦120,000 after 7days
  • 200k You get ₦240,000 after 7days
  • 500k You get ₦600,000 

20% ROI on all Investment

 

Montek Founder

While documenting this Montek review, I did my best to search and found no information on the founder of this platform.

I believe knowing the background record of a brand owner is a step forward into knowing how legitimate it is and the reputation of the Profile.

Montek provides no verifiable information about who owns or runs the company on its website.

 

Montek Withdrawal

  • Login to your account.
  • Ensure you have a running investment
  • on the system.
  • On your dashboard you will see a
  • withdraw button after your investment is due for withdrawal.
  • After 7 days, click withdrawal and you will be paid within 24 hours.

 

Montek Registration

  • Login to your montek account or
  • register an account if you don’t have one.
  • On your dashboard, make sure you buy a coupon code.
  • Click on the Vendors menu bar to buy a coupon code
  • Your Coupon code automatically

 

Montek Login

Before you have access to Montek login page, it’s obvious you must registered successfully.

To login Montek only the below is needed 

  • User name  
  • Password

 

Is Montek Legit 

A legitimate Platform will have contact details on its site. If it is just a web contact form, without an address, email, and phone number you should probably be wary. All genuine online platforms will be happy to help with any query.

The platform never mentioned what it does with Investors money and there is no certification on the website, it’s not worth the trust.

 

Is Montek Scam

Primarily, Xycinews Media contents is to give an overview of platforms and what they entails to help you decide if proceeding with them or Investing only what you can afford to lose.

  • Do you think Montek is scam?
  • How you being defrauded?

With a lot of platforms on our desk to review for the general public, we might not be able to keep track of Montek on a regular. Please help us by dropping a comment and this will help other potential investors from falling prey or proceeding to invest.

 

Continue Reading

Leaks

Elite Swap Review – Is Elite Swap Token Scam or Legit

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DeFi represents a broad category of financial applications that are being developed on top of open, trust-minimized, programmable, and censorship-resistant networks to improve upon the legacy financial system or create entirely new use-cases. 

Elite Swap is Complete Fork of Uniswap With Defi Dashboard and Multichain Swap Protocol.

 

NOTICE: In as much as Team Xycinews aims to deliver a near perfect review, we have a lot of Platforms on our Log to review & a lot already reviewed. Sadly this limits us from backdating to track the status of already reviewed platforms.

Kindly note that the platform information were correct as of time of publishing but might turn out to be SCAM without our notice.

Always check our article’s published date & the comment section below for users opinion. Thanks ♥️

 

Elite Swap Review

Elite Swap is a protocol for exchanging ERC-20 tokens on Ethereum. It eliminates trusted intermediaries and unnecessary forms of rent extraction, allowing for fast, efficient trading.

Where it makes tradeoffs decentralization, censorship resistance, and security are prioritized. Elite Swap is open-source software licensed under GPL.

Elite Swap is an automated liquidity protocol. In practical terms, this means there are template smart contracts that define a standard way to make liquidity pools and corresponding markets that are compatible with each other.

  • There is no order book, no centralized party, and no central facilitator of trade.
  • Each pool is defined by a smart contract that includes a few functions to enable swapping tokens, adding liquidity, and more.
  • At its core, each pool uses the function x*y=k to maintain a curve along which trades can happen.

 

Elite Swap Prices Determination

Prices are determined by the amount of each token in a pool. The smart contract maintains a constant using the following function: x*y=k. In this case x = token0, y = token1, k = constant.

For each trade, a certain amount of tokens are removed from the pool for an amount of the other token. To maintain k, the balances held by the smart contract are adjusted during the execution of the trade, therefore changing the price.

 

Elite Swap Failure Issues

You might be trying to swap a fee on transfer or deflationary token. If so, you have to increase your allowed slippage to account for the fee taken during the swap. Click on the gear for settings and adjust Slippage tolerance accordingly.

Otherwise, if your transaction is taking forever or stuck pending the gas included might be too low and the transaction will not be processed. You probably need to speed up or cancel the transaction in your wallet.

 

Adding Token to Elite Swap 

Elite Swap is compatible with any ERC-20 token in the ethereum ecosystem. If you want your project to be searchable in their interface you should seek to be added to a reputable token list or share a link to your token using query parameters. 

Once loaded via a link, the token will be added to their interface. Another option is to open a request using github issues.

 

The Liquidity Provider Fees

There is a 0.3% fee for swapping tokens. This fee is split by liquidity providers proportional to their contribution to liquidity reserves.

Swapping fees are immediately deposited into liquidity reserves. This increases the value of liquidity tokens, functioning as a payout to all liquidity providers proportional to their share of the pool.

Fees are collected by burning liquidity tokens to remove a proportional share of the underlying reserves.

Since fees are added to liquidity pools, the invariant increases at the end of every trade. Within a single transaction, the invariant represents token0_pool / token1_pool at the end of the previous transaction.

 

Elite Swap Token

  • ELT, the Elite Swap Protocol token, is live!
  • ELT contract address: 0x380291A9A8593B39f123cF39cc1cc47463330b1F
  • 60% of the ELT genesis supply is allocated to Elite Swap community members
  • To start, ELT is available through four liquidity mining pools

 

Is Elite Swap Safe and Credible

Eliteswap is a decentralized exchange enabling trading between self-custodied wallets. Since the exchange lacks an order book and doesn’t hold assets, it is remarkably secure compared to traditional exchanges.

 

Is Elite Swap Legit 

To understand why the value of a liquidity provider’s stake can go down despite income from fees, we need to look a bit more closely at the formula used by Elite Swap to govern trading. The formula really is very simple. If we neglect trading fees, we have the following:

 

  • eth_liquidity_pool * token_liquidity_pool = constant_product

 

In other words, the number of tokens a trader receives for their ETH and vice versa is calculated such that after the trade, the product of the two liquidity pools is the same as it was before the trade.

The consequence of this formula is that for trades which are very small in value compared to the size of the liquidity pool we have:

 

  • eth_price = token_liquidity_pool / eth_liquidity_pool

 

Combining these two equations, we can work out the size of each liquidity pool at any given price, assuming constant total liquidity:

 

  • eth_liquidity_pool = sqrt(constant_product / eth_price)
  • token_liquidity_pool = sqrt(constant_product * eth_price)

 

So let’s look at the impact of a price change on a liquidity provider. To keep things simple, let’s imagine our liquidity provider supplies 1 ETH and 100 DAI to the Elite Swap DAI exchange, giving them 1% of a liquidity pool which contains 100 ETH and 10,000 DAI. This implies a price of 1 ETH = 100 DAI.

 

Is Elite Swap Scam

Primarily, Xycinews Media contents is to give an overview of platforms and what they entails to help you decide if proceeding with them or Investing only what you can afford to lose.

  • Do you think Elite Swap is scam?
  • How you being defrauded?

With a lot of platforms on our desk to review for the general public, we might not be able to keep track of Elite Swap on a regular. Please help us by dropping a comment and this will help other potential investors from falling prey or proceeding to invest.

 

Disclaimer

This Elite Swap Review Article isn’t aimed at defaming Elite Swap nor is it targeted to promoting them. 

This article is strictly for enlightening purposes and a honest guide from our perspective because we strongly believe every brand needs a good background check.

Therefore, you are at liberty to accept or reject this article and act base on your own perspective of the platform. You are encouraged to share your own opinion or views about the platform with us via the comments box below so as to further improve this Elite Swap review.

Team Xycinews is no third party and we can’t handle any queries whatsoever. 

 

Continue Reading

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