DeFiFarms : The First DeFi Ecosystem with NFTs Protocol Farming Powerd By Binance Smart Chain.

cheche39 (39)in #defifarms • 3 years ago (edited)

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WHAT IS NFTs?

● Vermilion artist Richard Scheufler has been producing art and electronic music under the pseudonym Free-Hy for over 20 years. He’s taking his art to the next level with the launch of his cryptocurrency NFT art collection.

● But what exactly is NFT? NFT stands for "non-fungible token," and it is basically a way of assigning value to a unique digital commodity, such as an art piece or music file.

● Non-fungible means unique, rare, one-of-a-kind. So where does the token come in to play? That’s the signature piece of art you see, encrypted with an artist’s trademarked stamp, and some are selling these NFTs for millions of real American dollars.

● The token or art piece exists on what’s called a blockchain. The artist can sell their piece for a certain amount of money, and no matter how many times it’s sold after that first transaction, the artist will get a piece of every sale that extends from the first sale.

Now! We Talk About DeFiFarms Projet and What it's All About.

Today, i will be sharing good news about DeFiFarms project, a revolutionary DeFi platform which sooner or later it will make huge positive impacts in crypto space.

DeFiFarms is bringing to the DeFi table a series of revolutionary solutions focused around ERC-721, The Non-Fungible Token — NFT Standards.

DeFiFarm inherits all innovative functions from current Decentralized Finance Platforms such as Decentralized Trading, Swapping using AMM supported by Liquidity Providers and adds new cool functions utilizing NFT.

DeFiFarms offers a Decentralized Exchange platform that is capable of swapping with the use of an automated market maker (AMM) model. On the AMM-based decentralized exchanges, the traditional order book is replaced by liquidity pools that are pre-funded on-chain for both assets of the trading pair.

The liquidity is provided by other users who also earn passive income on their deposits through trading fees based on the percentage of the liquidity pool that they provide and works across the different s blockchain.

DeFiFarm Features

Harvest Lockup : This is a technique devised by the project to prevent massive harvesting and sell off . The mechanism detect and prevent some farming bots from harvesting and dumping in the ecosystem . To solve this problem of massive harvest and dumps the harvest lock up allows harvest to remain locked for a particular period of time till it reach maturity to harvest. All harvested rewards will be sold but it has a time limit based on the period they harvest.
Anti Whale Mechanism : At early stage of DeFi , low scale investors suffers too much from the cruelty of selfish whales. Them small scale investors are just like prey to the Large scale investors. The large scale investors buys token in larger quantity in private Sales and Dump their token massively on small scale investors who bought at high price in public sale or after listing . To prevent this from happening in DeFiFarm platform , the team has developed Anti-Whale Mechanism to prevent this occurrence . Every transactions which is up to 0.5% of the total supply are rejected. This means they cant sell tokens worth 0.5% at a time and selling their tokens in multiple trades attracts a tax of 5% per trade which is beneficial to the token holders.
NFTs Rewards for Staking : DeFiFarms allows NFTs stakes to be moveable . Providing liquidity on DeFiFarms allows users assets converted immidiately to NFTs after staking them . They can as well receive their staking rewards in NFT which can be sold in the platform market directly. Users of the platform dont need to create hot wallet for staking and receiving their rewards since the staking protocol gtives unique NFTs for every stake to allow users to be kept in a very secured wallet , the protocol allows burning of these NFTs to unstake them or selling them directly on DeFiFarm marketplace. NFTs is a new Financial instruments with unlimited potential

DeFiY is a cryptocurrency industry representing a wide range of lending, trading, and staking activities carried almost entirely on blockchain networks using tokens.

DeFiY is more popular last year and it's give permissions and allow to easy access in global users, anonymity, transparency, and significantly lower costs than traditional finance, also forecasted to be the next trend of the cryptocurrency in the market.

DefiY Tokenomics

𝚂𝚎𝚎𝚍 (𝟾%): 𝟾,𝟶𝟶𝟶,𝟶𝟶𝟶𝙿𝚛𝚘𝚝𝚘𝚌𝚘𝚕:𝙱𝙴𝙿𝟸𝟶

𝙽𝚊𝚖𝚎: 𝙳𝚎𝙵𝚒𝙵𝚊𝚛𝚖𝚜 𝙽𝚘𝚗-𝙵𝚞𝚗𝚐𝚒𝚋𝚕𝚎 𝚈𝚎𝚊𝚛𝚗

𝚂𝚢𝚖𝚋𝚘𝚕: 𝙳𝙴𝙵𝙸𝚈

𝙼𝚊𝚡 𝚂𝚞𝚙𝚙𝚕𝚢: 𝟷𝟶𝟶,𝟶𝟶𝟶,𝟶𝟶𝟶

𝙿𝚛𝚒𝚟𝚊𝚝𝚎 (𝟷𝟻%): 𝟷𝟻,𝟶𝟶𝟶,𝟶𝟶𝟶

𝙿𝚞𝚋𝚕𝚒𝚌 (𝟷%): 𝟷,𝟶𝟶𝟶,𝟶𝟶𝟶

𝙵𝚊𝚛𝚖𝚒𝚗𝚐/𝚜𝚝𝚊𝚔𝚒𝚗𝚐/𝚛𝚎𝚠𝚊𝚛𝚍 (𝟷𝟾%): 𝟷𝟾,𝟶𝟶𝟶,𝟶𝟶𝟶

𝙼𝚊𝚛𝚔𝚎𝚝𝚒𝚗𝚐 (𝟷𝟸%): 𝟷𝟸,𝟶𝟶𝟶,𝟶𝟶𝟶

𝙻𝚒𝚚𝚞𝚒𝚍𝚒𝚝𝚢 (𝟷𝟻%): 𝟷𝟻,𝟶𝟶𝟶,𝟶𝟶𝟶

𝙴𝚌𝚘𝚜𝚢𝚜𝚝𝚎𝚖 (𝟷𝟷%): 𝟷𝟷,𝟶𝟶𝟶,𝟶𝟶𝟶

𝚃𝚎𝚊𝚖 (𝟷𝟻%): 𝟷𝟻,𝟶𝟶𝟶,𝟶𝟶𝟶

 𝙰𝚍𝚟𝚒𝚜𝚘𝚛 & 𝙿𝚊𝚛𝚝𝚗𝚎𝚛𝚜𝚑𝚒𝚙 (𝟻%): 𝟻,𝟶𝟶𝟶,𝟶𝟶𝟶

Q.2 2021

Deploy Contracts
Build Website
Launch Presale

Q.3 2021

Launch Platform
IDO/Liquidity Pool
Exchange Listings

Q.4 2021

Partnerships
NFT Art
Governance

Q.1 2022

Updating

DeFiY Sale Options ,Supply and Price.

Sale participants may choose to purchase DEFIY tokens under the three different options and also participants need register for the sale and follow the registration and pass the KYC ( Know Your Costumer ).

Seed Sale

𝐒𝐚𝐥𝐞 𝐃𝐚𝐭𝐞𝐬 : 𝐌𝐚𝐲 𝟐𝟒-𝟐𝟓, 𝟐𝟎𝟐𝟏
2)𝐋𝐨𝐜𝐤𝐮𝐩 : 𝟏𝟐 𝐦𝐨𝐧𝐭𝐡𝐬: 𝐔𝐧𝐥𝐨𝐜𝐤 𝟓% 𝐛𝐞𝐟𝐨𝐫𝐞 𝐥𝐢𝐬𝐭𝐢𝐧𝐠
3)𝐑𝐞𝐥𝐞𝐚𝐬𝐞 : 𝟐 𝐦𝐨𝐧𝐭𝐡𝐬 𝐜𝐥𝐢𝐟𝐟, 𝐭𝐡𝐞𝐧 𝐥𝐢𝐧𝐞𝐚𝐫 𝐭𝐢𝐥𝐥 𝐭𝐡𝐞 𝟏𝟐𝐭𝐡 𝐦𝐨𝐧𝐭𝐡
4)𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐋𝐢𝐦𝐢𝐭𝐬: $𝟏,𝟎𝟎𝟎 𝐦𝐢𝐧 $𝟐𝟎,𝟎𝟎𝟎 𝐦𝐚𝐱*
5)% 𝐨𝐟 𝐓𝐨𝐭𝐚𝐥 𝐒𝐮𝐩𝐩𝐥𝐲 : 𝟖%*
6)𝐍𝐮𝐦 𝐨𝐟 𝐓𝐨𝐤𝐞𝐧𝐬: 𝟖,𝟎𝟎𝟎,𝟎𝟎𝟎
7)𝐏𝐫𝐢𝐜𝐞 𝐩𝐞𝐫 𝐓𝐨𝐤𝐞𝐧: $𝟎.𝟎𝟐

Private Sale

1)𝐒𝐚𝐥𝐞 𝐃𝐚𝐭𝐞𝐬: 𝐉𝐮𝐥 𝟏𝟎-𝟏𝟓, 𝟐𝟎𝟐𝟏
2)𝐋𝐨𝐜𝐤𝐮𝐩: 𝟏𝟐 𝐦𝐨𝐧𝐭𝐡𝐬: 𝐔𝐧𝐥𝐨𝐜𝐤 𝟏𝟎% 𝐛𝐞𝐟𝐨𝐫𝐞 𝐥𝐢𝐬𝐭𝐢𝐧𝐠
3)𝐑𝐞𝐥𝐞𝐚𝐬𝐞: 𝟑 𝐦𝐨𝐧𝐭𝐡𝐬 𝐜𝐥𝐢𝐟𝐟, 𝐭𝐡𝐞𝐧 𝐥𝐢𝐧𝐞𝐚𝐫 𝐭𝐢𝐥𝐥 𝐭𝐡𝐞 𝟏𝟐𝐭𝐡 𝐦𝐨𝐧𝐭𝐡
4)𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐋𝐢𝐦𝐢𝐭𝐬: $𝟏𝟎𝟎𝟎 𝐦𝐢𝐧 $𝟓𝟎𝐊 𝐦𝐚𝐱*
5)% 𝐨𝐟 𝐓𝐨𝐭𝐚𝐥 𝐒𝐮𝐩𝐩𝐥𝐲: 𝟏𝟓%*
6)𝐍𝐮𝐦 𝐨𝐟 𝐓𝐨𝐤𝐞𝐧𝐬: 𝟏𝟓,𝟎𝟎𝟎,𝟎𝟎𝟎
7)𝐏𝐫𝐢𝐜𝐞 𝐩𝐞𝐫 𝐓𝐨𝐤𝐞𝐧: $𝟎.𝟎𝟓

IDO Sale

1)𝐒𝐚𝐥𝐞 𝐃𝐚𝐭𝐞𝐬: 𝐉𝐮𝐥 𝟐𝟎-𝟐𝟓, 𝟐𝟎𝟐𝟏
2)𝐋𝐨𝐜𝐤𝐮𝐩: 𝐔𝐧𝐥𝐨𝐜𝐤 𝟏𝟎𝟎% 𝐛𝐞𝐟𝐨𝐫𝐞 𝐥𝐢𝐬𝐭𝐢𝐧𝐠
3)𝐑𝐞𝐥𝐞𝐚𝐬𝐞 : 𝐔𝐧𝐥𝐨𝐜𝐤 𝟏𝟎𝟎% 𝐛𝐞𝐟𝐨𝐫𝐞 𝐥𝐢𝐬𝐭𝐢𝐧𝐠
4)𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐋𝐢𝐦𝐢𝐭𝐬 : $𝟏𝟎𝟎 𝐦𝐢𝐧 $𝟐𝐊 𝐦𝐚𝐱*
5)% 𝐨𝐟 𝐓𝐨𝐭𝐚𝐥 𝐒𝐮𝐩𝐩𝐥𝐲 : 𝟏%*
6)𝐍𝐮𝐦 𝐨𝐟 𝐓𝐨𝐤𝐞𝐧𝐬 : 𝟏,𝟎𝟎𝟎,𝟎𝟎𝟎
7)𝐏𝐫𝐢𝐜𝐞 𝐩𝐞𝐫 𝐓𝐨𝐤𝐞𝐧 : $𝟎.𝟏

DefiY Transactions Fees

No transaction fees when transferring DEFIY or any NFT but there will be a small fee in DEFIY when using the trading platform.

The fee will be taken from the staked value of the NFT, this means that a fee in DEFIY will taken out before each trade. The breakdown is as follows Trade Fee:
▪︎ 5% in DEFIY
▪︎ 90% will go to the reward vault
▪︎10% will go to the DAO

DeFiFarms Team Share A Love To The Community GiveAway.

Reward: Up to 22 DEFIY [~$2.2]+3 DEFIY [$0.3] per referral
Start the airdrop bot: https://t.co/7sHyyRBTTq
Do the tasks on the bot & submit your data
Details: https://t.co/HRlsgU8ISg
#Airdrop #DeFiFarms #AirdropDetective #Bitcoin #DEFIY