Today we would like to introduce you to a new DeFi project launched on Uniswap and PancakeSwap on 5 May: UniFarm. This DeFi protocol was created by OroPocket, a crypto company that has been well established for years and collaborates with major names in all crypto niches (including DeFi). UniFarm would like to become a standard in the farming world, uniting multiple projects and simplifying the process to a few clicks. Let’s take a closer look at how it works and why it could be successful!
What is UniFarm?
UniFarm is a DeFi project that would like to connect projects and investors by creating a unique farming experience where the end-user can farm a single token but get rewards from different tokens. An absolute novelty that will surely please the farmers who at the moment only receive rewards in the token they are staking.
The great thing is that UniFarm was created to reward the most loyal token holders, so the longer you farm, the higher your final reward will be. This way you can create added value over time and discourage users looking for quick and easy money (the worst kind of crypto investors). To start staking on the UniFarm platform, simply go to this address, connect your wallet and decide which tokens you would like to put into staking. As you will see, at the moment there are already dozens of different tokens (Matic, Reef, Zero, Paid, Nord, TVK, RZR, JUL and many others) and the total value locked has just exceeded 10 million dollars.
The roadmap foresees several new features for the coming months, as UniFarm would like to introduce a Mobile App and L2 solutions as early as Q2 2021. This will be followed by addons such as treasury and insurance or a SaaS platform, but we will have to wait until the end of the year to see all these new features.
The UFARM token
- 140M tokens for the Fundraise
- 50M tokens for Liquidity pools
- 500M tokens for Farming
- 100M tokens for Team (locked for 1 year)
- 50M tokens for Advisors (locked 6 months)
- 50M tokens for Marketing (locked 3 months)
- 60M Reserve tokens (locked 6 months)
- 50M Community tokens
During the fundraising, the UFARM token was sold in two stages: Seed at 0.01 cent per token and private presale at 0.02 cent per token. The tokens reserved for the community will be distributed as follows:
- 25M as AirDrop for GOLD holders
- 12.5M for those who participate in the various UniFarm Farms
- 12.5M for those who are staking their GOLD tokens
The current price is close to 20 cents, giving a fully diluted marketcap of $200M. According to CoinGecko, the ATL is 0.16 cents while the ATH is 0.25 cents. As you can see, the price paid by most holders is above 16 cents, so you don’t have to worry about the prices of tokens sold in presale and seed stages. The token has more than 5000 holders across the two blockchains Ethereum and BSC. In short, a token that will surely become interesting!