BUSD Crops Farmers Review By Wootfi. Hello Wootfi visitors today we come with another defi article about BUSD Crops Farmers one of the defi project . Please note this article is not investment advice only written for educational purposes . Do your own research before investing your time or money at BUSD Crops Farmers.
About BUSD Crops Farmers
The BUSD Crops Farmer is a decentralized application built on the Binance Smart Chain. The object of the game is to hire more farmers sooner and more often than other players. This in turn earns you more BUSD faster. These Farmers work for you tirelessly, giving you a daily average of 8% of your farmers’ value.
The daily percentage return depends on players’ actions that are taken within the platform that impact the farmers’s efficiency rate. The farming efficiency rate rises and falls as users buy Farmers, re-hire your earnings and sell your Crops for BUSD.
Once Farmers are Bought, they cannot be sold, and the investment made to re-hire them (either through hire or re-hiring) cannot be taken back. However, once bought, Farmers will not stop producing yield.
Basic Details About BUSD Crops Farmers Review
|Project Name||BUSD Crops Farmers|
|Twitter Page||Click Here To View|
|Documentation||Click Here To Visit Documentation|
|Official Website||Click Here To Visit Website|
What makes it different from other similar platforms?
The BUSD Crops Farmer has several anti-dumping and anti-whale measures in place to ensure the longevity of the project. These measures include maximum deposits, as well as a cutoff time AND a cooldown time for withdrawals.
The cutoff time is the amount of time it will take for your “cart” to be full of rewards. Once the bag is full, it will stop filling until you’ve taken some action in the game. This is to prevent whales from letting their rewards accumulate for a long time, and removes the false impression the contract value is going up when most of it is rewards the whale is waiting to withdraw at once.
The withdraw cooldown time is the amount of time one has to wait before they can make another withdrawal. This also prevents the contract balance from decreasing in value too fast. If the team decides it’s necessary to protect the contract balance, this time period can be adjusted to slow down the rate of withdrawals, but it can only be set to a value less than or equal to 24 hours (per contract rules).
The compound count is the number of times the user has compounded. By default, the required compound count by the platform is 10, meaning the user will have to compound 10 times(compound once every 12 hours) before they can withdraw without the feedback tax of 80%. This feature in essense will ensure the longevity and stability of the project.
How does this platform work?
This platform work similarly to a financial market, where an asset has intrinsic value that is relative to the supply or demand of said asset. Farmers are purchased with a pre-determined currency at a price relative to the Farmers’s current mining efficiency rate. After the Farmers are purchased, they go to work for you right away to give you the best yield on your investment possible, for as long as possible.
Just as any other asset bought and sold on an open market, the price of a Farmers will fluctuate over time, as will the mining efficiency rate, as you and other players recruit Farmers, compound earnings and sell earnings. To put it plainly, the more demand for the Farmers, the more they will increase in value and the more yield they will produce. Inversely, when the demand decreases, so will the value of the Farmers and their daily return on investment.
The main difference between a this game and a traditional financial market is that a recruited Farmers cannot be sold, only the value they provide can be sold. As the players of the game as a whole compound their earnings and make new deposits, the game efficiency rate will stay relatively constant, but the moment players start to sell more than they are compounding, the efficiency rate will begin to drop as to preserve the TVL and longevity of the game.
The Binance Smart Chain, a decentralised blockchain network, provides the foundation for the BUSD Crops Farmer DApp.
The primary goal of the game is to recruit more farmers faster and more frequently than other players. You can earn more BUSD quicker by doing this.
The BUSD Crops Farmer DApp has virtual farmers you may hire, and they will work hard for you once you hire them.
You can make an average of 8% of the value of the farmers you hire each day. Players are encouraged to recruit additional farmers as a result, increasing their income.
BUSD as a currency
The main form of payment for hiring farmers and receiving prizes in the BUSD Crops Farmer DApp is BUSD.
The competitive nature of the game motivates players to plan ahead and outsmart their rivals to obtain the upper hand.
Due to the unchangeable nature of blockchain technology, the BUSD Crops Farmer DApp is based on the Binance Smart Chain, which offers a high level of security and transparency.
Players can easily browse the game and manage their virtual farmers thanks to the BUSD Crops Farmer DApp’s user-friendly design.
In conclusion, the BUSD Crops Farmer DApp is a cutting-edge game created on the Binance Smart Chain that is competitive and fun. Players can earn an average of 8% of their worth per day by hiring virtual farmers, which encourages them to do so and raises their revenue. While the user-friendly interface makes it simple for players to manage their virtual farmers and traverse the game, the game’s decentralised design guarantees a high level of security and transparency. The BUSD Crops Farmer DApp is an interesting addition to the decentralised finance (DeFi) ecosystem with its distinctive gameplay and possibility for earning BUSD.
What is BUSD Crops Farmer?
BUSD Crops Farmer is a decentralized application (DApp) built on the Binance Smart Chain that allows players to hire virtual farmers and earn BUSD.
How does BUSD Crops Farmer work?
The objective of the game is to hire more farmers sooner and more often than other players. By hiring farmers, players can earn a daily average of 8% of their value, which is paid out in BUSD.
What is the currency used in BUSD Crops Farmer?
The primary currency used in BUSD Crops Farmer is BUSD, which is a stablecoin pegged to the US dollar.
Is BUSD Crops Farmer a secure platform?
Yes, BUSD Crops Farmer is built on the Binance Smart Chain, which provides a high level of security and transparency due to the immutable nature of blockchain technology.