#AUTO is the native utility and governance token of the Autofarm protocol launched in late December 2020 on #Binance #Smart #Chain (BSC).
AUTO is the native utility and governance token of the Autofarm protocol launched in late December 2020 on Binance Smart Chain (BSC). Autofarm is a cross-chain return source that allows users to earn high returns on their assets from yield farming pools by staking in Autofarm vaults.
↘️What is Auto (AUTO)?
Autofarm aims to become a leading source of DEX and returns on Binance Smart Chain (BSC) by combining yield optimization and AMM resource into one product: This solves the problem of signing up for multiple protocols by allowing users to have two products on one platform.
Autofarm launched the first cross chain case on the Huobi ECO Chain in February 2021. Autofarm expanded its ecosystem in March 2021 by acquiring Farmfol.io, a smart portfolio manager designed to simplify how users track and track their assets on Binance Smart Chain.
The AUTO token can be used for bid voting and will receive the fees earned from the protocol. AUTO has initiated a fair community-initiated token distribution by ensuring that only vault users have the opportunity to participate in the AUTO token vault mining program.
The biggest difference between Autofarm when compared to other yield farming projects like Beefy.Finance and ACryptoS is that it claims to have some of the lowest fees on the market. Autofarm also has cross-chain capabilities starting from initially BSC before expanding to Huobi ECO Chain (HECO) and more cross-chain products are planned in this roadmap.
↘️Auto has two main products: Vaults and AutoSwap.
#Vaults is a yield farming platform that combines yields at optimal intervals and offers excellent yield optimization strategies. Cash registers benefit users by socializing transaction costs and automating the yield generation and compounding process.
#AutoSwap is a #DEX aggregator that provides users with the best prices for DEX transactions. It splits trades across multiple DEXs to provide the best price value and lowest slippage.
🚩AUTO Coin Review
The project seems to have attracted particular attention as it is located in BSC. In addition, analysts state that AUTO coin is a new cryptocurrency and therefore should be followed, while investors seem to be cautious for now.
According to CoinMarketCap data, Auto Coin, which is trading at 978USD against the dollar at the time of publication, is also trading with 0.02876 BTC against Bitcoin (BTC). It is worth noting that Auto Coin hit the bottom at $363 on February 3, 2021, and the high on June 14, 2021.
In addition, it is among the statements that the total supply of Auto (AUTO) Coin will be 80,000 Auto (AUTO).
↘️How to Get Auto Coins?
Auto Coin can be purchased quickly and securely via Binance , the world's largest cryptocurrency trading platform in terms of trading volume .