DeFiFarms platform offers various innovative features
Introduce
Hello everyone, in recent years, the economy has suffered a severe recession, especially the recent COVID-19 outbreak, which has seriously affected the economy, inflation occurred everywhere. This causes a lot of difficulties for investors and businesses. Realizing this, most investors have turned to the cryptocurrency market because of its stable nature regardless of inflation. That is why so many crypto projects were born. As someone who has many years of experience in the cryptocurrency field and also owns many different cryptocurrencies, today I will introduce to you a crypto project that I am using recently. That project is DeFiFarms.
DeFiFarms is one of the farms that apply the NFTs protocol. With this advanced technology platform it is capable of automatic redemption, liquidity generation and automatic mining, it is also an AMM decentralized exchange running on the Binance Smart Chain platform. DeFiFarms inherits all innovative functions from famous decentralized finance platforms namely ammic exchanges powered by liquidity, decentralized transactions and adds amazing new functions great to use. Adopting cutting-edge technology, NFT Defifarms is bringing to the Defi board a plethora of revolutionary solutions focusing on ERC-721, notable token standards. Now let’s learn about this project with me.
How it works?
When transferring by DEFIY, we are subject to 8% transfer tax. Besides, a 6% transfer tax will also be added to the DEFIY-BNB liquidity pool through the contract to continuously and automatically increase the floor price. Liquidity will be locked and inaccessible. Liquidity will be added to PancakeSwap before DeFiFarms is launched on AMM dex, then on DefiFarms.
As we mentioned above, we pay 8% transfer tax for every DEFIY money transfer. A 6% transfer tax will be allocated for automatic liquidation. The remaining 2% transfer tax will be burned immediately. All this process is done automatically.
To limit the frequency of harvesting, a unique reward locking mechanism is used, the harvest lock. Harvest Key is a unique and innovative farming reward locking mechanism invented by the DefiFarms developer team. Its main purpose is to prevent arbitrage programs from continuously harvesting and dumping. This helps us to limit the frequency of harvesting to prevent arbitrage programs from repeatedly harvesting and dumping.
When we want to transfer, we must keep in mind that transfers of more than 0.5% of total supply will be rejected. As our total supply increases, this ratio will decrease and we will be transferred more. At current rates, transfers of more than 0.15% of the total supply will be rejected. And similarly, as aggregate supply increases, this ratio will also decrease.
Roadmap
The goal of an effective roadmap is to be able to generate an ETA for every task. However, it is not easy and it always comes with some unforeseen risks. Our team will do their best to provide fully featured products and on-time delivery.
Team member
It is an honor for DeFiFarms to have such an outstanding and talented core team. They are experienced in managing and developing technology in the cryptocurrency market and have been with the project along the way. In addition, to get the success like today, it is also necessary to mention that all members have put their best efforts in building and implementing the project. With their efforts, they have now brought the development project to a new level. Here are some pictures of our core team.
Most of our core team are data scientists and experienced blockchain and database engineers. They have a passion for improving and expanding blockchain technologies.
Summary
To revolutionize the field of cryptocurrency DeFiFarms has launched for the first time with the integration of the convenience of decentralized finance (DeFi) and the NFT token. For crypto enthusiasts, DeFi and NFT have become all the rage and I’m sure this new platform combines their benefits into one that is expected to get everyone’s back all around the world.
Follow us:
Website : https://defifarms.org/
Telegram : https://t.me/DeFiFarmsNFT
Media : https://t.me/DefifarmsNFTs
Twitter : https://twitter.com/DeFiFarmsNFTs
Medium : https://medium.com/@DeFiFarmsNFTs
Githud : https://github.com/defifarms
author : Networkchange
URL bitcointalk : https://bitcointalk.org/index.php?action=profile;u=2785643
BEP- wallet : 0x5009F046cf7b101031aF3c135d01a99bf5fF42f8
Proof : https://bitcointalk.org/index.php?topic=5346604.msg57481630#msg57481630
I have started working and understand everything in a nutshell, thank you for more races
This project was a great discovery for me, thank you
The article deserves the attention of many Internet viewers.
Nice to see the article and find out the valuable information.
The project review article is excellent, thank you very much for such useful information, wish you success with the channel.
It's great to listen to people who understand the topic.
I would love to see a good review!
It's great to listen to people who understand the topic.
Thank you for explaining how it works and showing everything!
Good project, you can try it for beginners.
Hmmm, interesting, thanks for the review.