Money Tree — a decentralized smart contract of the CRO mining reward pool, built on the Cronos blockchain. The team offers users the opportunity to access financial freedom by building on the concepts of smart contract pools and compound interest.
About the Money Tree project
Investors buy Money Tree from a pool of smart contracts. These trees bear fruit at a constant rate over time. This fruit can then be harvested (i.e. sold by contract for CRO tokens) or re-planted/harvested (i.e. added to the investor's original number of trees and continue growing more fruit to harvest at a later point in time).
Imagine buying and planting 100 trees in the morning and waking up 24 hours later to find that those trees have produced enough fruit so that you can either plant 8 more trees or sell your crop in the market for the equivalent of 8 trees. This is passive income that can turn into huge wealth over time.
Distinctive features:
| ROI (return on investment) | Up to 8% daily or 2920% per annum. |
| Referrals | Earn 12% nested trees from anyone who follows your referral link. |
| Fees | 2% development fee. |
Investors are eligible to receive a 50% discount on fees for holding tokens and NFTs from project partners. Trees cease to bear fruit if they are not replanted or harvested within 12.5 days.
The best strategy — to transplant and water (combine) 6 times and harvest once a week. After that, you can return your initial investment in 6-8 weeks and continue earning after that. Daily withdrawals without accruing interest will reduce your rewards to <1%. Investors will be able to take profits if TVL is not zero.
The contract pays a referral commission of 15% per level. The commission will be paid in the form of fruit, which users can withdraw or credit.
More about defi app
The average daily yield is 5-6%, but can reach up to 8%, depending on factors. If you started with a small deposit, it will take time for the dApp to show up. Harvesting habits affect rewards. If you harvest too much, your daily percentage will drop. A daily increase in TVL can also result in a decrease in the daily percentage when harvesting frequently. You will need to pay standard CRO gas fees for each replant or harvest. Make sure you always have enough CRO in your wallet to cover your gas.