There are a lot of new ideas in the crypto world emerging. Especially bold ideas from teams of large projects have brought huge benefits to the crypto market. Today, I’m going to review a project that brings with it a very new and different idea. Let’s get started.
DeFi has recently introduced a third option with farming; however most projects rely on the premise of “stake project tokens and receive more project tokens.” This inflationary mechanism often has a negative effect on the overall token economy, introducing additional tokens into the ecosystem along with the associated selling pressure.
In the world of NFTs, there has always existed a problem with setting up NFT farming. The process has always been relatively hard to set up and also required coding. Despite the benefits NFT farming brings allowing the creation of revolutionary blockchain assets and increased demand for new farms and collectibles, the process was too tiresome. Hence, one platform aimed to solve this issue by empowering ALL users to have easy access in setting up NFT farms and creating their own collectible ecosystem without needing any knowledge for coding. If you know what Uniswap did for liquidity pools, SuperFarm will do something similar for NFT farming!
And ever heard of a platform that allows for NFT farming? Well in this article, you’ll learn all about the next generation NFT infrastructure known as SuperFarm. With the continuous expansion of NFT farming and the continual advancement of open and decentralized infrastructures. There is an increasing need for value creation within the blockchain industry !!!
1. What is SuperFarm ?
- SuperFarm is a cross-chain DeFi protocol designed to bring utility to any token by turning it into an NFT farm with no code required. With an innovative suite of visual tools, any project can now deploy the world’s most exciting new farm with custom rules that incentivize the behaviors they value most. It’s easy to reward liquidity providers, incentivize longer stakes or even provide special access to your project’s services through NFTs with utility.
- SuperFarm provides a simple set of building blocks that can empower any project to add new utility to their tokens and connect to mainstream products.
2. Structure
- NFT Farming : On the platform, anyone which includes NFT Projects can easily set up Farms that are powered by the project’s token with customized rules. To open a Farm, the process is extremely simple and requires a 100,000 minimum amount of SUPER tokens.
- NFT Store : Another cool feature about the platform is the NFT Store. Furthermore, the NFT Store allows you to redeem with points that you can earn from farming or even purchase select NFTs directly using crypto!
- NFT Creation : And lastly, the most anticipated feature of the platform is the NFT Creation. This allows users to easily generate NFTs from an intuitive interface and also launch your own custom farm or NFT store!
3. SUPER is a token ? And what are the use cases?
- Governance : On the SuperFarm platform, SUPER holders will have the opportunity to vote on proposals and make amendments on the Superfarm platform. The platform will eventually be able to achieve full decentralization and also true ownership from token holders.
- Fees & Purchases : For the usage of crucial features of the platform, SUPER will be required.
- Staking Rewards : By staking on the SuperFarm platform, the stakers will be rewarded with platform fees. These fees will come in the form of SUPER.
- NFT Farming : On SuperFarm, if you stake SUPER you will be able to earn exclusive NFT rewards in the platform’s premium partner farms.
- Exclusive NFT Drops : The token holders of SUPER will have exclusive access to the rarest and most exciting NFTs by SuperFarm platform partners.
4. What specific NFTs will be on the SuperFarm?
- The Superverse : Within the SuperFarm ecosystem, there is an immersive NFT-based card “autobattler” (you can think of this similar to Hearthstone Battlegrounds) known as SUPERVERSE. The SUPERVERSE will include EXCLUSIVE NFT drops ranging from a variety of the platform’s partners in the ecosystem. And in order to have access to the SUPERVERSE NFT release, the users have to hold a required quantity of SUPER tokens.
- Partnerships with Video Games : SuperFarm will partner with the most disruptive, next generation of blockchain gaming projects to then release NFTs with utility. The combination of DeFi mechanisms with true, native blockchain gaming will be revolutionary for the space. The SUPER holders will also have exclusive access to NFTs within these games.
5. Token Economics
6. Other information
- How much SUPER would I need to set up a farm?
In order to set up a farm, it requires a minimum of 100,000 SUPER tokens. The main reason for this requirement is to prevent the possibility of spams, increase quality of farms, and also drive constant demand for SUPER!
- So where can you buy the SUPER token?
The SUPER token will be available on Uniswap first.
- Partners and Investors
SuperFarm has already gained recognition from a few well respected and high-profile investors which include Animoca Brands, Bitcoin.com, Matic, AU21 Capital and so on. These partnerships and investors help to show the potential that SuperFarm has.
7. Conclusion
All in all, the SuperFarm platform serves as a perfect stepping stone for the continual development of the NFT and crypto ecosystem. So it will definitely be a platform to be on the lookout for with the continual development of the crypto space and the growing appreciation for NFTs. SuperFarm is a good choice if you want to invest in a new direction is NFT. Should pay attention to this platform. Thank you for reading !!!
Twitter: https://twitter.com/SuperFarmDao
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Website: https://superfarm.io
Telegram ANN: https://t.me/SuperFarmANN
