New Drip Clone – Cashcow On Binance Smart Chain
After the successful launch of the new drip clone, Splassive, on AVAX network, Cashcow has just been launched only a few hours ago.
Those who wants to become early adopters, you still have a chance to do so. Do bear in mind that there may still be glitch here and there as it is still an early project and the developer has given another outlook even though the whole concept is the same as Drip.
When Splassive started, the price of its token, Splash, went up from less than a dollar to a few dollars within hours. Cashcow seems to be having the similar trend and the price of its token, $Cash, it currently still not at a stable state. It may still go up or down actually.
The current price of Splash is about $38 and it has only been around for less than a week.
The current price of Cashcow is about $5 and its launch price was only $0.26.
Just like Drip, Plassive and nodes, the moment you staked your tokens, they would be locked into the contract so you would not be able to take them out anymore but you would earn a 1% daily reward. With this in mind, it is a high-risk investment but it may have the potential for growth if it gets popular.
Those who are interested to take a bet and be an early adopter, below are some simple steps.
Step 1: Get the $Cash tokens
Its token called $Cash can be purchased from Pancakeswap. It does not have internal Dex like Splassive.
https://pancakeswap.finance/swap
You will need to paste the Cashcow contract address to import the token id into the Pancakeswap. This is very common for new tokens.
The CashCow Contract address is:
0xA947046884fDDC230458448ef9C4A7cBc4703d50
You need to set your Slippage to 10% for the buy tax. (Set higher if it does not work due to price changes)
Step 2: Proceed to its website
After getting the tokens, you can head to the Cashcow website.
Step 3 : Approve and Deposit
Enter referrer wallet address first before you can deposit your token.
Appreciate if you use my wallet address since you get to know about this project through my article.
0xE67ac4D724093FEa5882A5167aA79cEE57aa747b
Enter the amount of $Cash tokens to deposit and Click on the ‘Approve’ button and follow by ‘Deposit’ button.
I had an issue with the deposit after approval. I tried many times and the same transaction failed many times.
In the end, I managed to deposit my tokens without decimals. You can give it a try to see if it works for you.
If you still face with issue, maybe you can drop by the telegram to ask the team.
https://t.me/realcashcows
Once you have completed the above steps, you can start to earn 1% daily reward.
Do note that all buying and selling would have 10% tax applied to sustain the protocol.
There is no tax if you choose to compound. (Splassive would charge 5% for compounding)
The total supply of token is locked at 1 000 000 and it cannot be increased. With a limited supply, the team hopes to boost the value of $Cash.
Below is the info of its team taken from the white paper.
THE CASHCOW TEAM
The Bro - Founder, Herdlord
Nex - Based Dev, Site
Mo - SmartContracts Dev
Darxyde - Docs, QA, Marketing
Cashiq - Original CashCow
Cashcow can be a good opportunity but it is also a high-risk investment since our fund is locked into the contract.
The success of Cashcow really depends on the perception of investors. I have only invested less than $200 to give this project a try and see whether it works out well.
Make your own decision whether it is a risk that you are willing to take as it may turn out better than expected especially if we choose to take out our initial investment rather than keep compounding while the price of the token seems to still be on the rising. By taking out what we first invested would make it a risk free investment.
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.