BakedBean.io — The 8% Daily ROI DeFi Project! What’s the Catch?

How Does It Work?

Let’s keep it simple and not get too bogged down with complicated blockchain and mining explanations. Life’s too short and that side of things is tried, tested and true at this point. We all know that crypto is legit and there is big money to be made if you take the right risks at the right time.

Community

Unlike similar projects, the bakedbean.io community is extremely engaged. There is a genuine sense that everyone is working together to keep the project stable. How? By ‘eating’ your beans at intervals that ensure a healthy TVL and maximise returns.

Bake, Rebake and Eat

This is the tactical part of this project and it’s essential that you understand it before taking the plunge! It’s well worth getting a clear idea of the rebake and eat concepts before you continue.

Can I Get My Initial Investment Back?

In a word, no. This is a locked contract pool. When you add your BNB to it, that is added to the TVL, and provides stability to the project. You get your initial investment back in rewards over time. You’re initial investment can be as small as 0.01 BNB (£300 at time of writing).

How Much Can I Make?

So 8% is pretty much the maximum ROI. This can go as low as 1% depending on a variety of factors, the main one being how often you eat your beans.

What is TVL

TVL stands for Total Locked Value. It’s the overall value of crypto assets that have been deposited into the pool. In the case of bakedbean.io, the higher the TVL the more beans per BNB you’ll get and the better the ROI will be! That’s why the bakedbean community wants the to limit the amount of beans being eaten. Therefore, you are rewarded when you rebake and punished when you eat too much!

How to Get Going With bakedbeans.io

  1. First thing to say, this is a BNB project. So, you are going to need some BNB in your wallet to be able to buy in.
  2. Follow this link to the bakedbean.io site (this is a referral link so it helps me if you use it!
  3. Now, you need to connect. Click the ‘connect’ button on the top right of the page.
  4. Decide how much you want to invest, remember- never invest what you are not willing or able to lose!
  5. You can enter the amount of BNB that you want to invest. The calculator will show you the amount of beans your investment equals.
  6. Then, confirm the wallet transaction and your beans will be rewarded.
  7. Implement your rebake / eat strategy.
  8. Reap the rewards!

So, What’s the Catch?

This is an investment, and a risky one. That’s the catch, you could lose what you put in. Having said that, if you are reading this you probably already have some money in crypto or are seriously considering it. If you are looking for low risk, then invest in treasury bonds!

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