One of the most difficult tasks for every cryptocurrency project is to give its tokens and commodities real-world utility. Many projects begin without a product and with tokens that have no real usage. There are frequently long intervals between the token sale and the final product delivery. Originally, traders on these tokens had just two choices: hold or sell.
Farming has just been added as a third option by DeFi, however, most projects are still based on the principle of “stake project tokens and get additional project tokens.” This inflationary process frequently has a detrimental impact on the entire token economy, since it introduces new tokens into the ecosystem, as well as selling pressure. That’s why SUPER was introduced.
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SuperFarm is a cryptocurrency that promises to integrate video games and cryptocurrency together to create a new gaming economy. It was released on the Ethereum network in February 2021. Users are rewarded with unique NFTs in exchange for staking their crypto through SuperFarm’s customized NFT farms. This DeFi-inspired farming, on the other hand, is simply one aspect of what SuperFarm intends to offer.
SuperFarm transforms DeFi and NFT technology by combining NFT farming and digital currencies farming on a platform that is as simple to use as Uber. Set up farms with ease, deploy fresh tokens and NFTs, and sell via your own unique marketplace.
SuperFarm brings together the most significant elements of NFT architecture in a single platform with a user experience that is light years ahead of the competition.
SuperFarm is a cross-chain decentralized finance (DeFi) system designed to facilitate the launching of new non-fungible tokens (NFTs) simple and painless. Any project may install a farm with its own system of regulation thanks to the global market and a set of unique technologies.
SuperFarm is a tool that transforms any token into an NFT farm without the need for coding. Users may install a new farm with configurable rules and fine-tuned rewards using a set of visual tools. Through an NFT with utilities, the farms can effectively compensate liquidity providers, promote long-term investments, or grant access to a project’s services.
SuperFarm is a full NFT marketplace in concept. Users may build their own NFTs, harvest money for NFTs, generate ERC-20 tokens, and link NFTs to gaming goods using it.
The SUPER utility token is utilized by SuperFarm for administration, charges, mining, and NFT drops. The SuperFarm platform, which includes NFT Drops and the NFT Launchpad, became live on March 31, 2021.
Elliot Wainman is the co-founder and CEO of SuperFarm. Wainman is a crypto influencer and blogger from the United States.
SuperFarm was able to raise $1.1 million in its first private fundraising round, which was headed by Bitcoin.com, Spark Digital Capital, GBV Capital, Solidity Ventures, and Animoca Brands.
SuperFarm is developing an NFT infrastructure with a platform and user experience in mind. SuperFarm’s major goal is to create an easy-to-use DeFi and NFT infrastructure by increasing utility and offering a framework for NFT farming. It will make it simple for users to build up farms, install tokens or NFTs, and sell their products on their own marketplace.
SuperFarm will also serve as a bridge between the crypto and gaming industries. Its goal is to encourage the usage of collectible tokens in AAA games. Users that purchase NFTs from SuperFarm receive access to a video gaming experience as well as limited-edition goods. Members have access to their commodities and can use and trade them.
The SUPER coin provides users a variety of possibilities in the crypto realm via SUPERVERSE, Partner Video Games, and regular NFT dumps.
Gate.io, and Binance are the most popular exchange platform for SUPER where you can buy, sell or trade SUPER and other cryptocurrencies. However, you can find SUPER on a number of exchanges. Some of these exchanges include Uniswap (V2), MXC.COM, 1inch Exchange, Bilaxy, HitBTC, and QuickSwap.
No. It is not possible to purchase SUPER with cash. You can, however, utilize markets such as LocalBitcoins to first acquire BTC, and then complete the remainder of the procedures by moving your BTC to the appropriate AltCoin exchangers.
The cryptocurrency SuperFarm (SUPER) is based on the Ethereum network. Ethash, a proof-of-work (PoW) consensus technique, protects the network.
Exchange inflows and outflows, technical and fundamental changes, the news cycle, and the overall economic climate are all variables that impact SUPER’s price and market cap.
SuperFarm is an intriguing Defi project. One of the platform’s advantages is that its target market has already been defined. If the project succeeds and attracts more gamers and developers, it is extremely probable that it will dramatically increase public interest in crypto and DeFi. Imagine 2.5 billion gamers hopping on board the cryptocurrency bandwagon; it’ll be a great accomplishment.
Furthermore, SuperFarm is an initiative that can readily help enterprises. SuperFarm’s interface has also established the platform for them if they wish to build and promote their own NFTs. If the initiative meets its goals, it will have a positive impact on DeFi overall. It is not implausible, based on where we are now. The platform is simple to use and lucrative. It’s one of the DeFi initiatives to keep an eye on.
SuperFarm Official website – https://superfarm.com/#/
SuperFarm Twitter – https://twitter.com/SuperFarmDao
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