What is the name of the first farming protocol with deflationary tokens? Flaming Farm. The Flaming Farm yield farming protocol is the first of a kind deflationary protocol, which helps protect investors against value loss noted in other platforms. It is the best hedge against inflation in the swap world.
Flaming Farm hosts a world of features, including FlamingSwap, a platform that implants multiple Swaps, for investors' diversification advantages. Additionally, it involves the community in its governance, making it one of the top-performing most decentralized financial service providers in the crypto world. Since it's going to be deflationary, some may ask, how will it achieve this deflationary nature?
Flaming Farm Solving Inflation
Generally, one of the critical issues of the financial world is inflation. Inflation is a puzzle both in the fiat and crypto world, with only a few currencies like BTC being fair hedges against inflation. However, most of the tokens in the crypto world are inflationary. In many instances, that leads to the platform's loss of value and the individual investor's wealth.
Typically, in yield farming and Swap platforms, when an investor joins or adds funds to a liquidity pool, the medium often issues governance tokens. The regular issuance of tokens leads to an increasing number of tokens in circulation.
As the token supply increases, the token demand lowers, and vice versa is also true. Therefore, increasing the token will ultimately lead to a plunge in token value, and in the long run, lead to some degree of deflation.
However, the FFARM token will never devalue. It institutes an automated token burning network, ensuring the number of coins constantly decreases. The regular decrease in the number of coins means an overall increase in the value of currencies.
This automated platform chooses the right time to adjust the prices and automatically burns the tokens. By default, the platform burns 2.5% at the start; then, it continuously increases the number of coins burnt over time depending on the surrounding situations.
The Flaming Farm Crowdsale
The Flaming Farm platform introduces its token dubbed the FFARM, which averagely costs between 0.12 and 0.16 ETH. Flaming Farm will be selling 40% of its total tokens, an equivalent of 4000 tokens, for a 600 ETH presale value. The maximum ETH value of a token for one person is capped at 600 ETH, each at a $ 0.16 ETH price per token. Therefore, the maximum number of tokens is 3750 tokens.
For the private sale, Flaming Farm distributes 2500 tokens to a 300 ETH private sale, with a maximum ETH cap per person being 30 ETH. Each token in the private sale has a 0.12 ETH value.
The token presale period will take a maximum of 10 days; however, if the platform hits the 600 ETH hard cap and 300 for private before the ten days, the period will be cut short. All investors ready to maximize their profits should participate in this token presale and participate in yield farming growth and transformation.
Immediately after completing the public sale, the system plans to list itself in UniSwap for liquidity purposes. The amount listed for the UniSwap listing is 2500 tokens, an equivalent of 25% of the platform's total FFARM tokens. These 2500 tokens will be valued at 495 ETH.
Additionally, the Flaming Farm also dispurses 500 tokens, an equivalent of 5% of the total tokens as team funds, and plans to lock them for three months after the public sale. There is also a 500 token amount proposed for project development.
Flaming Farm's Transparency
This platform fosters total transparency and reliability, especially on matters concerning smart contracts. On the webpage, Flaming farm posted their block audit report, which focused mainly on the correctness of the smart contracts. The assessment team did a rigorous assessment of the system's architecture, the code design and many other development functions to ensure the contract is safe for 3rd party smart contracts.
They transparently post the details on the web page to create an honest relationship with future investors and customers. After reading the report, every user will be guaranteed their transaction safety and platform's dependability in the long run and short run.
Final Word
The Flaming Farm is the first yield farming protocol implanting the currency's full transparency and deflationary nature. Its token's deflationary nature is mainly because of the protocols instituted to burn coins for price protection automatically. Therefore, even when new players join the Swap with new funds, the coin's value will never drop; instead, it perpetually increases, thus deflationary.
To top on its advantages, Flaming Farm cuts some amount of transaction and pool entrances and adds them to the liquidity pools, and later distributes the same among all pool members. Community involvement will bolster the strength of the platform's growth and community development in general. To enjoy a deflationary token and never-ending returns, investors can participate in the public sale now.
See you soon
Christophe WILHELM
I am currently under contract with MyCointainer, which gives me the rights to publish, republish, on their behalf and add content to articles first posted to MyCointainer Insight.
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Source: The 1st Deflationary Yield Farming Protocol
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