Project 79 delivered another great month at 5.9%, however, their model is changing. Our total value locked at this moment is now $32,282 having voted to transition 100% to the new model, with an additional $1,904.66 available for withdrawal or to move into their new model bringing our total value to $34,186.66. We also have already withdrawn $2066.08. This is a net profit of $11,252.74 from our original $25,000 sacrifice assuming all funds could be withdrawn.
This vote is strictly for the $1,904.66 that is available to act on now.
I highly suggest everyone able to vote to do their own research on Project 79 before placing their vote, and not to just rely on the information here. You can join their discord here: (https://discord.gg/project79)
Previously with project 79, we made deposits with USDT and sacrificed them for 6 months gaining interest on our sacrifice at the end of each month. We then had the option to withdraw the interest, or sacrifice it again. So far, 100% of our returns have been sacrificed again, each starting it's own 6 month lockup period.
Our understanding is that the model will no longer accept USDT sacrifices, but instead require purchasing a new P79 token. The P79 token will represent shares and ownership of the operation, and rewards are due to be paid out in another new token that will represent gold. The gold token should remain stable to the price of gold. This token will be able to be redeemed for physical gold or into stable coins. This new model will also mean P79 will be providing us with quarterly reports such a geological reports, financial reports, gold extracted, gold sold, money in, money out and more.
If we transition it should also be noted that "you will likely not receive earnings in February due to the operations being upgraded and set up, with the earnings on the token itself starting in March. ". However, if we opt to put the $1,904.66 into the presale, we will receive a 10% bonus in tokens.