General introduction

Hello friends, today I will introduce to you a project that has a big impact on the cryptocurrency market. Without making you guess, I want to say that this is the DeFiFarms project - the first project from the combination of two Defi and NFT platforms. As you know, the cryptocurrency industry is based on a very simple premise, that everyone can take complete control of their finances. While it may seem like a simple and obvious statement, current systems are far from providing financial services that are actually under the control of those who use them. DeFiFarms' mission is to use NFT to make farming easier, safe, and convenient for users. So we are introducing DeFiFarms, a blockchain specifically dedicated to decentralized finance (DeFi), specifically for non-fungible tokens (NFTs).

Yield farming is not a new thing in the DeFi space as we all know. I will briefly talk about NFTs for the benefit of those who are hearing it for the first time. Non Fungible Tokens (NFTs) are used to refer to Cryptographic items of various forms. It can be digital art, music, game cards, artwork some valuable items in digital form and more. These types of tokens have a unique identity and a unique ownership. To buy them, their ownership is being transferred to the buyer. DeFi Farm combines the functionality of the automated NFTs protocol YieldFarm Liquidity and the Automated Market Creation Dex Platform (AMM) running on the Binance Smart chain network.

About DeFiFarms

DeFiFarms solution integrate Decentralized Finance (DeFi) and Non Fungible token (NFTs) using innovative model . DeFiFarms is the world first DeFi project that will implements ERC721 Token Standard for its yield Farming on BSC network . It implored advance model of staking in DeFi . Unlike the regular DeFi staking system where users stake directly from their hot wallet . DeFiFarms allows NFTs stakes to be movable . Providing liquidity on DeFiFarms allows users assets converted immediately to NFTs after staking them . They can as well receive their staking rewards in NFTs as well 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 gives unique NFTs for every stake to allow users to 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

What is the rationale for the DeFiFarms project? What did Defi do?
and the NFT expected when creating this project?

DeFi technology with unique features and especially distributed data management, solves trust issues - changes the face of many regions around the world. In the digital economy, sellers and buyers can be directly connected without intermediaries. In this way, transactions are executed quickly and transaction costs are greatly reduced. This is what blockchain technology is helping to change the world.
The goal of DeFiFarms is to work in both NFT and DEFI, focusing on the functionality of these two areas of the blockchain to become a decentralized platform that differentiates the base of this block as DEFI and NFT. In addition, the project will start activities on the biological intelligent chain. The goal of the DeFiFarms Protocol project is to solve this massive harvesting problem and get rid of it. All harvest rewards will be sold but it has a time limit based on how long they are harvested. To prevent this from happening in the DeFiFarm platform, the team has developed an Anti-Whaling Mechanism to prevent this from happening. Every transaction that accounts for 0.5% of the total supply is rejected. This means they cannot sell 0.5% worth of tokens at a time, and selling their tokens in multiple transactions will collect 5% tax on each transaction, which benefits the holders. token ownership.
DeFiFarms allows NFT stakes to be movable. Offering liquidity on DeFiFarms allows users to instantly convert assets into NFTs after staking them. They can also get their staking rewards in NFT which can be sold directly on the platform marketplace. Users of the platform do not need to create hot wallets to stake and receive their rewards as the staking protocol selects unique NFTs for each stake to allow users to be held in a very secure wallet, The protocol allows to burn these NFTs to burn them or sell them directly on the DeFiFarm marketplace. NFTs are a new financial instrument with limitless potential

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 (DEFIY)whitelisting is live!!

Currently , Private Sale whitelisting of token is live ,Interested investors can register on time while the whitelist lottery is live .

Final

Currently, there are many anonymous companies that are spreading blatant news to deceive young investors or those who have not experienced the project. But for the DeFiFarms protocol, you can rest assured that your farming is productive. They fixed a lot of issues, such as poor security, low liquidity, and more importantly, trust in the team. So the solution of DeFiFarms is that they use the best mechanism for anti-dumping, helping investors.
Thank you for trusting and supporting me and DeFiFarms Protocol, I believe there will be many right investors and I know which project is the best and reasonable investment. Thanks for watching. Please like and comment your opinion.

Official Links For More Information;

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

Creator:

Proof Of Registration Link : https://bitcointalk.org/index.php?topic=5346604.msg57489462#msg57489462

BitcoinTalk username : Lastpostt

My Bitcointalk Profile Link : https://bitcointalk.org/index.php?action=profile;u=2785652

BEP-20 Wallet Address: 0xD6a511493Fb32DB7521a0a8f3Fa4593802E75CBC