Bitdorado Mobile App, which Lucky 7 wrote you about in his latest article, should now be available for download from both Apple’s Appstore, and Googles Playstore.

Bitdorado is being updated.

Lots of obsolete Pools will be removed and if you had any coins on any of the pools that are becoming obsolete now, they will be moved to different pools, mainly to Coin & Grow pools of the same coin.

Due to this update, Bitdorado is asking you not to Withdraw or Deposit anything until update is done. Current estimation is that you can Withdraw and Deposit again tomorrow at 16:00 cet.

Alternatively you can watch TELOSNEWS.COM, as TELOSNEWS.COM will post a newsitem when Witthdraws and Deposits are available again.

Bitdorado has something called Coin & Grow pools, which I think are excellent for beginners to Cryptos.
well, would be if it wasn’t too hard to figure out how to use them and this is why I am making this Tutorial in hopes of helping you out in both understanding what Coin & Grow pools are, and how you can benefit from them.

I am not going to be giving an indepth explanation of what everything is, but I am mainly focusing on telling what Coin & Grow pools are and how they work.

In this tutorial I am using a Computer with a web browser. If you are instead using Mobile App to access your Bitdorado account, then things might be a bit different.

Bitdorado has plenty of pools in it that you can access through your account menu:

Clicking on “Pool” option in Account will expand the view to show “Pool Deposit”-option (Circled in the picture on left). By clicking that you will get to a place from where you can join Pools.

The pool you wish to join is selected from a Dropdown menu, pay attention to the above pictures “TELOS” (Circled on top right of the picture) and below pictures “Coin&Grow”-pools (rectangled):

As you can see already from the picture above, there are plenty of other pools in Bitdorado too, but I am only going to explain about Coin & Grow pools here, besides, most of the others are anyway becoming obsolete.

The idea with Coin & Grow pools is that you put Cryptos into it, and these Cryptos will grow with a certain percentage each month. To put it simply, it’s a bit like putting 100 euro into a savings account, and one month later you have 101 euro because those 100 euro have yield 1 euro of interest (that would be 1% monthly)

This actual Interest rate however is bit difficult to understand without proper explanation, as these Coin & Grow pools are sort of two-part pools.

Remember how I told you to pay attention to that circled “TELOS”-pool. Now is time to recall it again. For this is the part 1 of this Coin & Grow Pool, for idea is that depending upon how much Teloscoins you put into this “TELOS”-pool, will also determine what kind of percentage your Coin & Grow pools will bring you.

The idea is that the more Telos you put into the “TELOS”-pool, the higher the TIER you will get & the best ROI you will get out of Coin&Grow.

If you have no or under 100k teloscoins in the “TELOS” pool, you will get nothing out of Coin&Grow, even if you had 20M coins in Coin&Grow.

To gain TIER 1, you will need to have 100 000 Teloscoins in “TELOS”-pool.
For TIER 2, You will need 300 000 Teloscoins in “TELOS”-pool.
TIER 3 – 1 Million Teloscoins
TIER 4 – 3 Million Teloscoins
TIER 5 – 10 Million Teloscoins

And those are all the TIERS you can reach.

Depending upon your TIER, depends how much you will earn from your Coin & Grow pools, and this varies between different coins.

To find out how much you will earn from each TIER, you will need to choose one of the Coin & Grow pools from the Dropdown menu, and after that you can see something like this:

In this above picture you can see that Coin & Grow Telos pool will give you 1% monthly profit if you have reached Tier 2, which requires 300 000 Teloscoins in “TELOS”-pool first.

This might seem like quite a low profit at first sight, but that is actually a 12% interest a year. Try getting that from your regular bank savings account and see how that turns out.

As a side mention, there is also a Premium Membership available to buy for 3.2 Million Teloscoins which will affect the profits by giving you one extra percent of profit. There are other benefits for Premium Members too, but I won’t go into more in this article.

Part 2 in the Coin & Grow process : now add some cryptos to one of the C&G pools

To give you an example:

Just to underline this. When you have enough Teloscoin in “TELOS”-pool to activate one of the TIERS, like in this example case the TIER3, you can put an unlimited amount of coins to as many Coin & Grow-pools as you like, and you will get profit based upon TIER3 from all of them.
If you then later add more Teloscoins to the “TELOS”-pool to reach the next TIER, all these Coin & Grow pools will yield you based upon the new TIER you have reached. And naturally, if you take Teloscoins away from “TELOS”-pool enough to not have enough for your TIER, you will then drop to whatever TIER your amount of Coins will be enough for.

Now what comes to that 1 Million Telos in “TELOS”-pool that you used to activate your TIER. While those 1 Million won’t give you any Coin & Grow gains themselves, they will however give the gains that the “TELOS”-pool itself gives.

“TELOS”-pool itself is a so-called staking pool. So it gains staking profits. This profit varies and depends upon many factors, so I cant give you any actual percentage. By my own guess, which isnt based upon calculations, I would say that right now it is gaining you maybe 2 percent profit each month, but by default it will get worse in the future since usually the amount of new coins are chosen to decrease rather than increase.

IS IT WORTH JOINING COIN & GROW POOLS?

That depends upon what you want and what your skills and resources are.

Truth is, if you have the skills there are plenty of people making more than what Coin & Grow makes. Bitcoin multiplied by 5 in two months, Dogecoin multiplied 10 times, and Bitcoin Subsidium (XBTX) multiplied 10 times in just one day. And when not talking about trading, with some Tech-how you can get pretty decent profits too, especially if you have only a small sum to use.

And Obviously nobody will promise you 9% percent interest without making sure they get more themselves.

But that is only if you have the skills.

What Coin & Grow offers is a fixed rate and stability. No matter what, you will always get the certain percentage you are getting. This is especially important to take into consideration when comparing with Tech-know alternatives. For you might be getting 3% monthly now by setting up a node for example, but by default that profit gets less in time, which makes the question if it is better to have 2% now for good, or 3% for only some time?

Personally, I am very excited about Bitdorado since I happen to be the perfect target audience for it.

I don’t want to spend my time on technical things, I don’t want to keep following which thing bring me most currently and then switch to the next one when the current one doesn’t make the most profit anymore, and I don’t necessarily care if I don’t get the maximum profit that I could, as long as I know exactly what I am getting and that amount is enough.

I also love the easiness of this. I just put the coins in once, and at least theoretically, even 10 years later I will still be getting the same percentage each month.

if you are the target audience like I am, then Bitdorado Coin & Grow is an excellent deal. If you are not, then it might be even a very crappy deal. You decide.