I tried to see how duo works, really like it and jumped straight in it but how does DUO generate such a high APR?
Why would you bother with X-Account/Grow?
did you guya tried it?
Okay…so I’ve experienced my first loss because I didn’t understand how it works properly.
It’s essentially a form of binary trading.
Long story - short:
I used USDT against SNX, and the rate dropped…I lost my USDT and received SNX at a loss.
…now…I could have waited for my SNX to go up, and then swap back to USDT at a profit…but YOLO!!!
I put SNX back in while it was down, and ended with my USDT rate up to get USDT back…still at a miniscule loss.
Now that I know that it’s basically binary trading but you can’t absolutely lose…I’ll pay more attention to the charts before I do DUO again.
I do not understand how to win there. Becuase the risk of loosing by price changes is higher than lets say 0,4 % interest during 12 hours locking. How to not lose here? I am interested in knowing this
After reading an email about duo and with no experience i would certainly give it a go should i first study up on binary trading
hi guys please if you wanted to try it put small amount at first then if you feeling it fits for your then add
its a strategy dou not just an ordinary staking.
Trying to use the DUO feature in the Wirex app. I have ethereum in my account and when I go to start the DUO the button will not work. I tried by logging into the website on a desktop computer and tried to setup the same DUO and a popup appeared saying “we are experiencing technicals issues, please try later” is there something I have or have not done or an issue at this time? I will try later of course and report back.
Seems I was being impatient. It is working for me now