Review DeFiFarms

in defifarm •  3 years ago 

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Introduce


Since blockchain technology has evolved, so are new programs. One is your stock exchange, where you can exchange your cryptocurrency. You will now find thousands of inventory markets on earth. These stock exchanges are decentralized and split into the underlying stock exchanges. Decentralized inventory brings to market a system where all data is not kept in an archive where user information is secured in blocks with smart contracts. To be honest, I find such a stock market safer. Because the stock market essentially stores all of the user information in one repository. When it is not fully protected, there can be a number of problems. For example, the largest currency markets on the planet are truly only a central stock market when they are located in Binance. In addition, there are many different stock markets and they all have different characteristics. People intend to choose what's best for themselves if they rate such exchanges. But frankly, I personally haven't found a stock exchange yet. I am almost satisfied with every stock trade I use right now.

The stock market is an essential tool for its crypto universe. As we maintain all of our digital resources here, rate them and draw them from here. As blockchain technology develops, the market value and the purpose of the stock market increase and may continue to increase.

What is DeFiFarms?


DeFiFarms is a new financial ecosystem that combines DeFi and NFT. Through a protocol based on advanced blockchain technology, DeFiFarms creates a unique farming protocol. Their protocol provides flexible options for passive income through NFT-wrapped Profit Cultivation, thereby reducing the risk of intermittent loss and creating a new market for equity capital. are traded through the NFT market. When a user wants to place a bet, their protocol algorithm generates an NFT with a unique ID, which is the key to being able to open staking options and cancel bids, providing a more secure option. without having to have hot wallets for each individual farm group and make it more secure with NFT

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DeFiFarms Features


DeFiFarms is an Automatic Liquidity Acquisition Yield Farm & AMM that allows users to stake tokens more flexibly. When a user stakes their token on DeFiFarms, the system will automatically generate an NFT token which will wrap the user's stake. Later this NFT token will be the key for users to be able to unlock their stake. Users can easily unstake their tokens by burning these NFT tokens or trading them in the marketplace with other users. But that's not all, there are several other features of DeFiFarms:

  1. Automated Liquidity: For every transfer with DEFIY will be subject to 8% tax. Later, 6% of the tax will be added to the DEFIY-BNB liquidity pool automatically.

  2. Automated Burning: 2% tax of 8% transfer tax of each transfer with DEFIX will be burned to increase the value of the token.

  3. Harvest Lockup: Unique harvest reward mechanism which will limit the frequency of harvesting. This is to keep the platform free from bots.

  4. Anti Whale: The system will prohibit the transfer of more than 0.5% of the total token supply to prevent Whales from playing the DEFIY token price.

  5. Deposit Fee Redistribution: DeFiFarms will charge a 5% deposit fee for each user who first logs into DeFiFarms. Later DeFiFarms will distribute this fee to the holders and a small portion to the dev team.

  6. DEX Trading: a non-custodial trading platform that makes it easy for users to trade crypto.

  7. Merchant Adoption: Massive adoption of merchants will allow the ecosystem of DeFiFarms to develop for the better.

  8. Yield farming: Users can stake LP tokens to get more token rewards.

  9. Staking: Users can stake tokens to get passive income every day.

  10. DeFiFarms Wallet: Digital wallet developed to make transactions easier.

  11. NFTs: DeFiFarms also supports token NFTs for ease of trading and creating NFTs tokens.

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TRANSACTING IN DeFiFarms Ecosystem

DeFIFarm does not require transaction fees in the transaction of DEFIY or the NFT . It only require a little amount when using trading platform . NFTs cant be tokenized or broken down , this simply means fees will only be taken from the staked value of NFT , hence allowing fees to be taken out from DEFIY before each trade . Below are the breakdown of the fee structure :
5% fee are taken from DeFiYearn token while 90% goes to the reward vault and the rest 10% will go to DAO .

DeFiFarms Roadmap


The first time the DeFiFarms team will carry out project launches and audits of the service to be able to assure users that all code written by the team is completely safe. Then the team from DeFiFarms will list in CMC, Coinecko, Dappradar, BSCScan, etc. Then launched DeFi Factory Farming and Lottery, and partnerships with several parties.

Then after that, the team from DeFiFarms will launch AMM DEX, disable All Cake LP-Farms, then add DEFIY-LP Farms, launch AMM Trading Mining, and IFO. Then to ensure that the services offered are really good, the team from DeFiFarms will perform AMM API-Endpoints, AMM Analytics, voting, margin trading, set fixed-rate swaps, and binary options.

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TRANSACTING IN DeFiFarms Ecosystem

DeFIFarm does not require transaction fees in the transaction of DEFIY or the NFT . It only require a little amount when using trading platform . NFTs cant be tokenized or broken down , this simply means fees will only be taken from the staked value of NFT , hence allowing fees to be taken out from DEFIY before each trade . Below are the breakdown of the fee structure :
5% fee are taken from DeFiYearn token while 90% goes to the reward vault and the rest 10% will go to DAO .

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Meet The Expert People Behind DeFiY Project

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Conclude :

However, the obvious presence of projects like DeFiFarms are planning to revolutionize the entire blockchain market. DeFiFarms wants to create for all investors a clear transparency about the profitability and popularity of the project. In case you really want to learn more about the project, you should contact the project at the address below.

Join the DeFiFarms Active Community that i will write down below for more updates.
⦁ Website: https://defifarms.org
⦁ Twitter: https://twitter.com/DeFiFarmNFTs
⦁ Telegram: https://t.me/DefifarmsNFT
https://www.reddit.com/r/DeFiFarms/
⦁ Github: https://github.com/defifarms
Contract : https://bscscan.com/token/0x2307DfB065CF1c9c5bC0f3435b49830C0AB86847
⦁ author : Dieaceing
⦁ Profile : https://bitcointalk.org/index.php?action=profile;u=2826345
⦁ Wallet BEP- 20 : 0x67A50e5503172510D5e5AC8dC095a23AFF6f33C4

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This development cooperation will bring great success to the project

The article is very good and meaningful. I can better understand the project

The project team is very experienced

nice

thank you for share