007 TFM Strategy

This is what I’m doing while the TVL is still low…

So it’s been a while since I wrote an article about The Fortune Miner (TFM), so here’s an update on the miner, along with what my current strategy is concerning this project.

If you would like to see what other projects I’m currently active in then go read my referral link article below.

TFM TVL

Let’s look back at how this miner has performed since its launch, on 2/24/23.

The contract TVL made it all the way up above 1k BNB, on 3/3/23. It then started coming down little by little. It is now at 208 BNB, almost 5 months later.

It had already started coming down some when the DDOS attack happened, that killed Farm or Fortune (FOF).

This then had a big effect on Mishcief of Fortune (MOF) as well.

These 2 major events accelerated the decline of the TFM contract even more.

This is what the contract TVL looks like for the last 30 days.

Here are my top 5 highest-earning articles from June.

1. Drip Times 2!!! (earned $17.75)
2. Elephant Token DejaVu (earned $13.46)
3. Elephant Token All-Time High (earned $12.48)
4. MOAR Elephant tokens!!! (earned $11.62)
5. Faster & Faster Elephant Token (earned $7.61)

TFM Transfers

Let’s look at how the BNB deposits & withdraws are looking for this project.

Here’s what they look like over the life of the contract.

Here are the transfers for the last 30 days.

There are still a lot of deposits back into this contract they’re just mostly small amounts. (If you notice, the average withdrawal amounts have also started going down slightly.)

The reason that the contract TVL is still going down is because there are more BNB withdraws than BNB deposits.

The deposits are slightly lower than the withdrawals.

The team has started to do more injections into this contract,too stabilize the TVL.

This latest injection was 2 BNB. This will eventually help this project stabilize & grow in the future.

Changing tactics to increase profit

I have a feeling that we are going to be reaching the bottom with this miner soon, especially with more injections going into the miner.

Therefore, I need to build up my position, in case the TVL starts going back up again. At the same time, I’m still trying to get to ROI & gain a profit.

So this is what I’ve started doing.

1. Invest the minimum of 0.05 BNB
2. Compound after 24hrs
3. Withdraw after 24hrs
4. Compound again after 24hrs
5. Withdraw again after 24hrs
6. Continue to compound or withdraw every 24hrs
7. After my total withdraws equals at least 0.07 BNB, then reinvest 0.05 BNB back into the miner.

I’ll keep anything over 0.05 BNB, to go towards ROI. The amount I keep will be at least 0.02 BNB.

• 0.02 BNB = $4.88 at current prices

Doing it this way increases how much I keep each month!

• In previous months, my kept amounts were in the red. Now my kept amounts are in the positive. It should also stabilize my income in this project.

This will also reduce/ eliminate the amount of fresh Capitol that I need to deposit the 0.05 BNB required by the miner.

Time frame vs ROI

How long will it take for me to reach ROI with this new strategy?

In order to determine a good time frame for ROI, we’ll need to look at my current numbers & ROI.

TFM #1

• Total invested = 1.55 BNB
• Total withdraw = 0.8389 BNB
• Current ROI = 54.12%
• Amount needed to make ROI = 0.7111 BNB

Following this new 007 strategy will give me at least 0.02 BNB towards my ROI each time. (As the BNB price goes back up then this amount will also increase & get me to ROI faster. )

• 0.7111 BNB (needed to make ROI) divided by 0.02 BNB = 35.55 times

This means that I’ll need to do this strategy around 36 more times to make ROI, in TFM#1.

TFM#2

• Total invested = 1.497282 BNB
• Total withdraw = 0.7711 BNB
• Current ROI = 51.50%
• Amount needed to make ROI = 0.726182 BNB

Following the 007 strategy the numbers will work like this:

• 0.726182 BNB (Needed to ROI) divided by 0.02 BNB equals 36.30 times

This means I’ll need to do this strategy around 37 times to make an ROI.

It will take some time for me to reach ROI in this project, unless the contract TVL goes back up.

In Summary

I say all of the above in order to say this:

1. The contract TVL has been going down for quite a while.
2. The dev team has started using injections again to try & help stabilize the TVL.
3. This new 007 strategy will help me reach ROI, by reducing my investments & keeping more of my withdrawals.
4. It will take some time for me to reach ROI with this project but may be sooner if the TVL starts going back up again.

I’m looking forward to keeping more of my withdraws with this project!

Thanks for reading!

Till next time.

God Speed!

(NONE OF WHAT I WRITE IN MY ARTICLES IS TO BE TAKEN AS INVESTMENT ADVICE. It is mostly a record of what I am doing & the different strategies I’m using to reach ROI & make a profit in Defi. I am not an advisor for this nor am I suggesting any financial action on your part. Invest at your own risk. DO NOT INVEST MORE THAN YOU ARE WILLING TO LOSE! DYOR. NFA.)