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Telegram is offering 50% APY for 2 weeks- is it a scam?

Telegram is offering 50% APY for two weeks then 25% for another two weeks and 15% and 5%. It’s not a SCAM, because the rewards are distrubuted in TON cryptocurrency which Telegram owns. How much can you make?

You can deposit max of $3000 USDT for this promo. How much will you get for that?

To determine how much you will earn if you deposit $3000 under the given APY schedule, we’ll need to calculate the interest accrued during each period and sum them up. Here’s a breakdown of the periods and APYs:

  1. June 1 – June 15 (2 weeks at 50% APY)
  2. June 16 – June 29 (2 weeks at 25% APY)
  3. June 30 – July 14 (2 weeks at 15% APY)
  4. July 15 – September 15 (2 months at 5% APY)

For each period, we’ll calculate the interest earned using the respective APY and then update the principal for the next period. Here’s the calculation for each period:

Step-by-step Calculation

Period 1: June 1 – June 15 (50% APY for 2 weeks)

Interest=P×((1+APY)252−1)\text{Interest} = P \times \left( \left(1 + \text{APY}\right)^{\frac{2}{52}} – 1 \right)Interest=P×((1+APY)522​−1) P1=3000P_1 = 3000P1​=3000

Period 2: June 16 – June 29 (25% APY for 2 weeks)

Interest=P1×((1+APY)252−1)\text{Interest} = P_1 \times \left( \left(1 + \text{APY}\right)^{\frac{2}{52}} – 1 \right)Interest=P1​×((1+APY)522​−1)

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Period 3: June 30 – July 14 (15% APY for 2 weeks)

Interest=P2×((1+APY)252−1)\text{Interest} = P_2 \times \left( \left(1 + \text{APY}\right)^{\frac{2}{52}} – 1 \right)Interest=P2​×((1+APY)522​−1)

Period 4: July 15 – September 15 (5% APY for 2 months)

Interest=P3×((1+APY)212−1)\text{Interest} = P_3 \times \left( \left(1 + \text{APY}\right)^{\frac{2}{12}} – 1 \right)Interest=P3​×((1+APY)122​−1)

After following the given APY schedule for the periods specified, you would have approximately $3115.21 at the end of the investment period. This means you will have earned approximately $115.21 in interest from your initial $3000 deposit

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