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The importance of real-world use cases, especially in the crypto ecosystem, cannot be over-emphasized. Therefore, projects need to not only attract the attention of prospective users but also need to convince them that the project is viable.
On the other hand, tokens without a clearly defined use case have a higher chance of flopping. Therefore, token holders have to choose between selling the tokens or holding them. So, let’s take a closer look at SuperFarm and discover what it brings to the table.
What is SuperFarm?
In SuperFarm, token holders can decide to farm their tokens to receive rewards. While this is a welcome development, farming a token without a clearly defined use case may fuel inflation. Therefore, this DeFi protocol provides an enabling environment for projects to create more utility for their tokens. They can also seamlessly connect these tokens to already existing products.
Also, the cross-chain DeFi protocol also brings utility to a token by transforming it into an NFT. Its custom-made rules and tools will help new projects incentivize their users. With SuperFarm it is easier to reward liquidity providers (LPs), provide incentives for long-term stakes, etc.
📢📢📢 Calling ALL SuperFarm and EllioTrades NFT Holders!
Here’s a detailed summary of the utility breakdown and the benefits of each NFT in the SuperFarm ecosystem.
Read up here 👉 https://t.co/RmXtKsuM11
— SuperFarm (@SuperFarmDAO) November 19, 2021
On the other hand, it’s important to know that:
- SuperFarm is known as the universal home for farming.
- It has also been touted as a fast-growing NFT ecosystem.
- The cross-chain DeFi protocol is also a meeting point for both the NFTs and DeFi ecosystem.
- SuperFarm also boasts of a myriad of tools for the NFT ecosystem.
$SUPER Token
$SUPER token is the native token of the SuperFarm ecosystem. The token serves a variety of purposes from governance to transaction fee payments, etc. As part of its use cases, the token will also facilitate access to opportunities via SUPERVERSE, NFT drops, and P2E games. Simply put, the $SUPER token currently powers the entire SuperFarm ecosystem.
The token has a maximum supply of 1,000,000,000 SUPER, with 5% assigned as Seed. Founders and advisors will receive 10% of the token supply, with another 10% going into the development of the ecosystem. Find out more about $SUPER tokenomics in the picture below.
Source – SuperFarm
Also, there are several apps and upcoming apps on the SuperFarm ecosystem. Some of these apps include:
- Impostors: A multiplayer social deduction game
Impostors adds 🙌HUGE utility to the SuperFarm ecosystem and token!
🎥See ET video for details
🔥 WL mint is live!
📌 https://t.co/qBxxGUXZqn👀ET + SF qualifying NFTs whitelisted!
See if you made the list: https://t.co/Uu9s4hjxw7Don't miss out and end up like this guy! https://t.co/Wqem80iygR pic.twitter.com/b75ESOmyPW
— SuperFarm (@SuperFarmDAO) March 29, 2022
- Multi-Chain – SuperFarm also has its sights set on being compatible with top smart contract blockchains.
- SuperStarter – An exciting new decentralized crowdfunding platform.
- Lastly, Video Game SDK – Will be a perfect tool for creating blockchain-based games.
$SUPER Price Outlook
At the time of writing, SUPER was trading at $0.1289 with a market cap of $37,2 million and a 24-hour trading volume of $6.3 million. The token price is also down by 0.5% in the last 24 hours.