BiFarms is Yield Farming protocol for Decentralized Finance Application.
Hello everyone, it’s been a long time since I posted articles to review projects, today is a special day I’m back to write articles about quality projects for 2022 this volatility. Today I will introduce to you a very cool project that I discovered recently: Bifarms Network. It’s the Profit Cultivation protocol for Decentralized Finance Applications, so what’s interesting about this project, let’s follow this article to the end.
What is BiFARMS?
bifarms.network is a Decentralized, Multi-Chain Yield Optimizer platform that allows its users to earn compound interest on their crypto holdings.
Through a set of investment strategies secured and enforced by smart contracts, BiFARMS network automatically maximizes the user rewards from various liquidity pools (LPs), automated market making (AMM) projects, and other yield farming opportunities in the DeFi ecosystem.
The main product offered by BiFARMS network are the ‘Vaults’ in which you stake your crypto tokens. The investment strategy tied to the specific vault will automatically increase your deposited token amount by compounding arbitrary yield farm reward tokens back into your initially deposited asset. Despite the name ‘Vault’ suggests, your funds are never locked in any vault on BiFARMS network: you can always withdraw at any moment in time.
DeFi applications are unique in the sense that they are permission less and trustless, meaning that anyone with a supported wallet can interact with them without the need for a trusted middleman. While you have funds staked in a vault, you remain 100% in control of your crypto.
What makes BiFARMS unique?
There are a few key reasons as to why BiFARMS differs from a large number of Yield Optimizers out there today.
BiFARMS largely distributes platform revenue back to those who stake $BFS. With $BFS, you essentially hold a dividend-eligible ‘company’ share.
BiFARMS has expert smart contract developer and financial advisors who carefully test and review our vaults, investment strategies, new platforms and smart contracts before releasing them to the public. BiFARMS is also actively encouraging developers to participate and engage to make BiFARMS an even better product.
BiFARMS is flexible and operates on more than one blockchain.
Given enough eyeballs, all bugs are shallow. The more widely available the source code is for public testing, scrutiny, and experimentation, the more rapidly all forms of bugs will be discovered. This is a key BiFARMS principle.
BiFARMS offers unique strategies that other yield optimizers simply do not have. This includes liquidity pool pairs that you can find only on the BiFARMS platf.
Acquiring BiFARMS ($BFS) Tokens
How can I acquire BiFARMS Tokens?
You can purchase $BFS tokens in the “PUBLIC ROUND”. Initially 50,000 $BFS tokens will be available in the Public Round.
$BFS will be trade on decentralized exchange PancakeSwap, right after the closing of Public Round. Buying $BFS usually involves exchanging it for another crypto-coin or token through a liquidity pool.
You can earn $BFS tokens by staking Multiple Digital assets on BiFARMS platform by depositing your assets to the relevant staking contract or farming pool.
What is BiFARMS Token?
$BFS is the reward token for BiFARMS Network, a robust yet simplified yield optimizer with high sustainable APR rewarded for $BFS and other digital assets holders on BiFARMS Staking Platform.
BiFarms is a Decentralized ecosystem that consists of:
Multi-Chain Yield Optimizer
Liquidity Providing pool
Tier-less IDO Launchpad
How do I Stake & Farm?
To stake and farm with BiFARMS, simply connect your wallet via the different wallet extensions available and choose the VAULT you want to stake with. Each vault have different duration of time and also have different ROI.
All you need to know about our native token — $BFS
$BFS Initial Token Supply 1,000,000
Seed Round : 50,000 $BFS (5%) is reserved.
Public Round : 50,000 $BFS (5%) is reserved.
Private Round : 100,000 $BFS (10%) is reserved.
Liquidity & Yield-Farming : 320,000 $BFS (32%) is reserved.
Ecosystem : 160,000 $BFS (16%) is reserved.
Team : 180,000 $BFS (18%) is reserved.
Partners & Advisors : 80,000 $BFS (8%) is reserved.
Marketing : 60,000 $BFS (6%) is reserved.
The Next Milestones of BiFARMS Ecosystem..
An ambitious project requires ambitious and talented people working as a team. Let’s meet to the BiFARMS team.
It can be said that this is a platform that optimizes profits and increases safety for users, their products are great and we can invest in it to be able to earn maximum profits. For me, this can be considered a new wind in crypto projects in 2022
You can follow their information channels below:
Telegram Group: https://t.me/bifarmsnetwork