DeFiFarms, The Non-Fungible Yearn Platform, Offers Tons Of Awesome Features

in #defi3 years ago

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The Crypto world is moving so fast. You will be astonished to see the growth of this sector. NFT is the new talk of the town in it. Since the beginning of 2021, the NFT sector has witnessed exponential growth, doubling the number of transactions, and this trend has not abated even amid severe market pullbacks. in the month of May, According to market tracker DappRadar, the average number of NFT transactions has nearly tripled, from 21,815 per day in January to 82,373 in May. (as of May 28). When cryptocurrency prices began to fall on May 12, this figure skyrocketed, with sales soaring to over 94,000 NFT transactions each day.

About The Project

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DeFiFarms is a cutting-edge platform that combines the NFT and Defi protocols. DeFiFarms Non-Fungible Yearn, based on the Binance Smart Chain, uses ERC-721 tokens for Yield Farming, allowing stakes to be more dynamic and tied to a transferable NFT. Because stakes are often connected to a user's wallet address, this technique is deemed non-dynamic and inefficient because users cannot quickly move them. DeFiFarms provides users with a dynamic and dependable Defi platform by connecting to a transferrable NFT solution.

Features Of DefiFarms

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DeFiFarms intends to be the first NFT-enhanced Defi Yield Farm to use BSC technology. To stake and earn tokens, users do not require a hot wallet; DeFiFarms will instantly wrap staked assets in NFT tokens. The NFT token will eventually be the key to the user's assets. When the user wishes to unstake, they can burn the token or sell it on the marketplace rather than leaving it staked.
DeFiFarms has the following features:

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Non-Custodial Trading Platform: DeFiFarms' non-custodial trading platform enables users to trade cryptocurrency safely.

Token Staking: DeFiFarms users can stake tokens for daily prizes.
Auto-Burning Token Mechanism: DeFiFarms permits a 2% or 8% transfer tax on each transfer to be burnt to enhance token rarity.

Automatic Liquidity Mechanism: DeFiFarms permits a 6% or 8% transfer tax on each transfer to be automatically contributed to the DEFIY-BNB liquidity pool.

Redistribution Of Deposit Fees: DeFiFarms will charge a 5% deposit fee on all first-time user deposits. This deposit fee will be remitted to the holders later.

NFT support: DeFiFarms enables the trade and production of NFT tokens.
Merchant Adoption: If more merchants accept DeFiFarms, the development of DeFiFarms will be even more significant.

Anti-Whale System: DeFiFarms includes an anti-whale mechanism that prohibits the transfer of more than 0.5 percent of the total token supply in order to keep the token price stable.

Limit Harvesting Frequency: DeFiFarms provides a system that limits harvesting frequency. This method ensures that the service is clear of bots. DeFiFarms is a digital wallet that allows users to store and send crypto tokens.

The Interface Of DefiFarms

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DeFiFarms' UI is very user-friendly and responsive, with a dominating blue hue. The developer goes into great depth about the features and solutions provided by DeFiFarms. Even for newcomers, the explanations are straightforward. DeFiFarms also describes the token sale program and processes for purchasing tokens, allowing consumers to avoid being duped by scammers.

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DefiFarms was created to be a non-volatile token to be accepted by many people and solve the primary challenge of crypto mass acceptance. DefiFarms financing will offer an all-inclusive platform that will leverage the strength of the Binance chain to link all other top ecosystems, therefore integrating the Defi globe. So, jump into this community and surely you will benefit.

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 Name: Rangerman
Profile Link: https://bitcointalk.org/index.php?action=profile;u=2312163;sa=summary
Telegram: @ramonashland
Bsc Wallet : 0x01884a1697A93997F8Ed154F507279E620B8Fb31
POA: https://bitcointalk.org/index.php?topic=5346604.msg57481900#msg57481900

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