One of the new concepts that has emerged is yield farming. It’s a
new way to earn rewards with cryptocurrency holdings using permission less
liquidity protocols. It allows anyone to earn passive income using the
decentralized ecosystem of “money legos” built on Ethereum. In simple terms, it
means locking up cryptocurrencies and getting rewards.
How does yield farming work?
Yield farming is closely related to a model called automated
market maker (AMM). It typically involves liquidity providers (LPs) and
liquidity pools. Let’s see how it works.
Liquidity providers deposit funds into a liquidity pool. This pool
powers a marketplace where users can lend, borrow, or exchange tokens. The
usage of these platforms incurs fees, which are then paid out to liquidity
providers according to their share of the liquidity pool. This is the
foundation of how an AMM works.
Of the yield farming platforms cropping up in recent times, Flaming
Farm is a unique platform that is not only decentralize but also user friendly
and offer a high yield returns due to its deflationary farming protocol.
What is
Flaming Farm?
Flaming Farm provides a deflationary yield farming protocol for a
robust user friendly Defi experience. Users of our platform will experience
zero-stress with automated DeFi farming. The platform is simple, honest as well
as allowing developers to build on top of the platform. FFARM is a unique
proprietary deflationary yield farming protocol. When investors join liquidity
pools on Flaming Farm, they automatically enjoy the network’s burning system.
·
Easy to earn passive income
·
Low entry fees
·
Very simple to get started with DeFi Stakers
·
Rewards In Interest Rate will be higher than expected
·
Less lack of security, since everything is controlled by smart
contracts.
Flaming Farm introduces a deflationary protocol into the yield
farming equation to help control inflation. Inflation is a serious concern in
the market at this time. These issues arise from the fact that new tokens issue
every time funds enter the pool.
First-generation platforms now realize that this method of
monetary issuance leaves the market unbalanced. Yet, they have no way to
correct the issue. When you combine this scenario with the market’s speculative
nature, it’s easy to see the potential for runoff sales and token inflation.
Flaming Farm attempts to correct this issue in various ways. The
system continuously monitors its liquidity pools and adjusts the circulating
supply of FFARM tokens when it’s determined that it’s necessary to sure up
prices. This system supports the ETH, USDT, and DAI pools at this time.
Developers stated that the protocol begins with a 2.5% burn. From there, the
system moves up according to the situation.
Token Details
Tokens premined: 10000
Name of Token: FFARM
Cost of 1 token: 0.12
ETH to 0.16 ETH
Secured ways to purchase tokens: Ethereum
(ETH)
Total Hardcap: 900
ETH
Private Sale Hardcap: 300 ETH
Pre Sale Hardcap: 600 ETH
Listing price: 0.2
eth
Burning rate in every transfer: Minimum is 2.5% and will be adjusted as supply increase.
Funds Allocation
Private sale reward 25%
Presale reward 40%
Initial Uniswap liquidity 25%
Team 5%
Project development 5%
For more information, kindly click on the links below:
Website: https://flamingfarm.org/
Telegram group: http://t.me/flamingfarm
Twitter: http://twitter.com/flamingfarm
Author BTT Username: ademicho123
Forum profile link: https://bitcointalk.org/index.php?action=profile;u=1249349
MY ETH ADDRESS : 0xF9F07C0B74680ce2E6742590DA05Ab0ee24bf696
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