Defi is the foundation for the development of DeFiFarms

in crypto •  3 years ago 

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Introduce:


Today, the DeFi protocol is no stranger to all of us, especially those involved in the electronic market. The DeFi protocol has taken blockchain features to another level. In the electronic market, DeFi is one of the trusted protocols for use in financial cases. DeFi features can maximize profits from crypto enthusiasts and investors such as staking, swaps and lending. Not stopping there, Defi is currently trying to develop and perfect itself to race with the development of the cryptocurrency market. Specifically, in recent times, DeFi has partnered with NFT to create a blockchain that can help improve its applications, DeFiFarms.

Introduction to Defifarms


DeFiFarms is a defi NFT protocol for using ERC-721 tokens for production on Binance Smart Chain. Through the NFT token, DeFiFarms allows holdings to become more dynamic. it is linked to a transferable NFT instead of partially linked to the user’s wallet address. Low fees and less congestion when creating contracts are reasons to use the BSC network. Simply put, it is the first Irrevocable token program with a mechanization yield and a strong AMM exchange.
The DeFiFarm platform is very rigorously and rigorously tested. That’s why there isn’t any error between its operation or error in its programming. Just like most decentralized financial platforms, the DeFiFarm Platform is not controlled by the government and poses less risk to its users.
DEFIY & DFTC are its known tokens. These tokens help to increase income, farming, staking, large profits, and payment exchange on diverse blockchains.
Moreover, through the strength of the BSC network, the Defifarm financial platform will provide a comprehensive stage to be used, to link other leading developing communities and easily connect the Decentralized financial world.

So what features does Defifarms have? Now I and you guys will go into depth about these features

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When users carry out transactions they must pay a fee of 8% which called the transfer charge. Then 6% percent from the transfer charge will be sent to automatic liquidity/exchangeability pool. Finally the 2% left will be incinerated as soon as possible. This process is done robotically or automatically.
All the transaction made with DEFIY will have an 8% transaction tax fee attached. 6% of the transfer charge will be immediately added to DEFIY-BNB exchangeabilty pool, through the smart agreement to automatically increase the price and value. Previously when defifarm has not been uploaded to Anmm Dex, before being deployed on the Defilarm liquidity platform will be uploaded to Pancakeswap. Now when Defifarm is uploaded to Anmm Dex, this is a special mechanism to lock the reward for the purpose of censorship or profit. This feature contributes to preventing cultivation differences, reducing harvesting and continuous breaking. To adjust the harvesting speed to reduce the difference in crops from the dumping and reduce its value, the harvest seal is really unique and necessary.
Moreover, if the user moves over 0.5% of the entire supply, it will not be accepted by the system. In addition, the transfer of more than 0.15% of the current rate of the entire supply of users will not be granted freedom to make transactions. This will decrease when the total amount is provided. Interestingly, the above restrictions will not be applicable to deposits or withdraw tokens in the farm.

How to make money with Defifarms


With agricultural productivity, property owners can create some electronic stocks and loans for interested people, especially investors to generate more profits. Here a user just needs to provide liquidity to the pool and be rewarded for doing so. It is a simple way to generate passive income and is adopted by many people. For native tokens, DEFIY and DFTC tokens, Defifarms will adopt this approach and will do so. The Defifarms project makes token liquidity providers offer for a period of time. Liquidity providers are rewarded As profits are distributed through the efficient management of the liquidity pool’s smart contract. Returns can be fixed or variable when investing in the Defi market. This will be provided through the integrity of the BSC network.

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The Defifarms platform is a combination of staking methods that are widely accepted and recognized in the cryptocurrency industry. It is a proof of stake algorithm that was invented to maintain a healthy network, reducing the circulating supply of tokens; thereby increasing the price of digital assets. Here, the loyalty of the network stakeholders will be compensated in proportion to the number of tokens they lock up from the circulating supply of the crypto asset Defifarms.

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Besides, we can earn great rewards in Defifarms ecosystem through Defifarms Factory. Here, a farming pool is built and established, another will allow DEFIY holders to stake their DEFIY tokens for other tokens available on the farm. To improve farm integrity, four percent of all deposit fees will be added to these groups. They will be used as rewards for Defifarms staking.

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Conclusion


In this 21st century, when it comes to the most outstanding innovations, it is certainly indispensable for Cryptocurrency. It has had a global influence and created an electronic marketplace that brings together traders and investors of all races and creeds. Due to unstable and volatile prices, although there are many achievements and benefits for participants, there are still limitations in some countries. To overcome this drawback, Defifarms has come up with a trading solution that ensures price stability and also creates trust for merchants using digital assets. In the near future, Defifarms will be a project that has a strong influence not only on DeFi but also on the entire electronic market in the world. This is a project that will bring freshness and perfection to the crypto industry. Join today to experience these great things!

Official Links For More Information;

Website: https://defifarms.org/

Twitter: https://twitter.com/DeFiFarmsNFTs

Telegram: https://t.me/DefifarmsNFT

Linkedin: https://www.linkedin.com/company/defifarms-ltd/

Medium: https://defifarmsnfts.medium.com/

Github: https://github.com/defifarms

BitcoinTalk username : Snapexti

My Bitcointalk Profile Link : https://bitcointalk.org/index.php?action=profile;u=2785638

BEP-20 Wallet Address: 0x85BCF13A1B784f0668Eb7DCC00a16dd1374b6eF2

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Thank you for such a detailed review. The first time I heard about the project from you, I will follow it in the near future.

good reviewers, the author is just a good person, keep it up.

Nice NFT Platform

I really like that the project focuses on decentralization. Such projects are currently the most suitable

You have shown that everything is not bad, well done. Information is helpful.

I want to trust such platforms,