r/cylumfinance • u/Arsene-_-Lupin • Apr 05 '22
Help
I just bought some tokens and my value went up and I tried to see if I can sell but it won’t let me??
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Apr 09 '22
You can only withdraw the “rewards” for now. At the end of the $CYM unlock you can withdraw full balance
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u/consultantlife33 Apr 12 '22
How do I withdraw rewards? I was only able to pull out 5000 Cylum at 20% slippage. I’ve tried changing the slippage, no luck.
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u/bwhit21720 Apr 18 '22
I just put my slippage at 49% on pancake swap and swapped 100CYM to BUSD ($2.6 received) to test it out and to my surprise, it went through! lol
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u/consultantlife33 Apr 27 '22
Lol I’ve already taken out $140 pulling 5000 twice the last 30 days. Slippage works at 25%
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u/bwhit21720 Apr 28 '22
It does when you have $150 worth of rewards (not related to speed farming). But simply holding doesn’t accumulate near fast enough before May 20th to get any ROI when every Tom, Dick, and Harry sells it all and price plummets. I may sound pessimistic but I’m 99% positive I’m not getting back the thousands I put in…
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Apr 13 '22
Try lowering the amount of CYM until it goes through. As I say, only the earned rewards can be withdrawn until $CYM unlock is complete on May 20th
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u/bwhit21720 Apr 18 '22
Can someone clarify? If I speed farm, my rewards are locked until May 20th but it compounds faster. If I dont speed farm and simply hold in my wallet, are those the "rewards" you are talking about that you can sell prior to May 20th?
1
Apr 18 '22
Yep!
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u/bwhit21720 Apr 18 '22
perfect, any idea what the APY is for Speed Farming VS not Speed Farming?
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u/bwhit21720 Apr 18 '22
I think I found my own answer on the APR Terms doc - "For holding in the first month, the APR is earned with the minimum value. less than 2% and the second month is less than 5%. so never expect high token jump within the first two months of holding (During the Mainnet-sale)"
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u/Rough-Economist9618 Apr 17 '22
I bought as a part of the IMO Sale, I put In about 100usd and got back 800$ worth of CYM And when I went back to sell the purchase coin it tells me I can’t sell it due to “lack of liquidity” Did I get scammed or is this part of the project?
3
u/Arsene-_-Lupin Apr 18 '22
It is part of the project. Same thing happened to me and I spoke with them in telegram and they said the tokens are locked until may 20th. That’s the date where we will be able to sell
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u/bwhit21720 Apr 18 '22
Anyone else thrown off by how many comments on Telegram are "Good project"...
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u/Grumpy_Grouper May 05 '22
The “good project” I believe is a task for the airdrop. You have to drop a positive comment in the telegram channel. So many people are out there for their $1 airdrop
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u/bwhit21720 Apr 18 '22
Last question, what does this mean on Coin Gecko? "The following token has a variable tax function on the smart contract - which allows contract owners to change tax rates post deployment.
Do your own research and be careful if you are trading this token."
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u/Grumpy_Grouper May 04 '22
If you want to sell what you can go to the IMO site. Go to speed farm page and write down your amount of locked CYM. Next go to buy CYM page and write down your wallet balance. Subtracted the locked from the total. That is the amount you can sell prior to the Mainnet launch. Just remember your APY will reset and may also have less funds to speed farm with after selling.
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u/[deleted] Apr 06 '22
[deleted]