SuperFarm, NFT farming, is it really great?

Today we are going to talk about a platform that is increasingly being talked about: SuperFarm. So, of course, the fact that the project was launched by an American YouTuber (CryptoEliott) who has more than 300,000 subscribers has certainly contributed to its visibility. That said, the ambition is rather interesting and deserves to be talked about (even quickly).

SuperFarm was launched exactly on February 22, 2021, via a IDO (Initial Dex Offering) hosted by Polkastarter. Moreover, once again, Polkastarter shows us that it knows how to select promising projects on its launchpad.

It is a decentralized, cross-chain DeFi protocol (the platform works with several blockchains, other than Ethereum) and which is dedicated to the creation and farming of NFTs.

We can already see that it is an original protocol, to say the least.

Some reports predict that NFTs (along with video gamers) could bring over a billion users to the world of cryptocurrencies. Thus, NFTs are certainly a trend which is not just a fad but indeed an essential segment in the cryptographic universe, provided however, that their use is simplified.

Yes, Superfarm's objective is to simplify the process of NFT farming and be as effective and popular as it was. Uniswap for liquidity pools, for example. SuperFarm wants to be the benchmark when it comes to NFT yield farming.

Yield Farming is becoming more and more popular because it allows investors to grow their tokens in a simple way. What's great about SuperFarm is that it's accessible to everyone, not just developers. Without needing to know how to code, you can create your NFT farm.

If this is not yet very clear, rest assured, at the end of this article, it will be clearer.

Presentation of superfarm

To fully understand SuperFarm and how it works, you must above all understand NFTs. As you know, these are non-fungible tokens that cannot be exchanged with each other like other tokens. NFTs can then represent works of digital art, music or elements of a video game, or even real estate for example.

Ok, so far, you might already know this but a little reminder never hurts.

So, to come back to SuperFarm, the platform allows its users to exploit NFTs thanks to Yield Farming, therefore. Everyone can create a new farm and configure their own rules and incentives offered. For example, farm creators can create rules to encourage users to participate in the farm. For example, we can offer them more attractive returns if users deposit their tokens for a longer period.

Let's now look in more detail at Yield Farming with NFTs.

Do Yield Farming with NFTs

Editorial: At the moment, not all of the platform's functionalities are available.

In fact, SuperFarm offers us NFT Farming but also farming on fungible tokens. Thus, the platform combines several functionalities so that users can have all the tools at their disposal. Without needing to call on developers or code yourself. SuperFarm's ease of use will certainly make it successful.

Also, SuperFarm NFTs are designed to be able to generate returns as with NFTs from Genesis Series, for example, which are available for purchase on the platform.

However, let us point out that on SuperFarm, you must register on a whitelist to be able to participate in sales. It goes very quickly, as you can imagine and as is the case with almost all pre-sale sales.

Here are the 3 main features offered by SuperFarm (for now):

NFT farming: As we already mentioned above, anyone can create and configure their NFT farm with their own rules. Everything will be managed by the SUPER token (see below in the next paragraph). You need a minimum of 100k SUPER to be able to create your own farm.

NFT Store (NFT Store): The NFT store is the classic functionality of this type of platform. It is therefore an online store where users can buy/sell/exchange tokens or NFTs.

The creation of NFTs: This feature, although not yet available, is certainly the one most sought after by users. This is also why SuperFarm is eagerly awaited.

Moreover, remember that the platform is still recent and that according to the details of the roadmap, many features are currently under development. As we write this article, we are still in the first phase.

There will subsequently be auctions, NFT indices, influencer NFTs, etc. The list is long!

The SUPER token

At least it's a token with an easy-to-remember acronym. It is therefore a utility token and native to SuperFarm. The token will have several uses such as being able to participate in project decisions, pay fees on the platform and participate in staking or farming, for example.

Thus, SUPER holders will be able to earn exclusive NFT rewards by doing Yield Farming in particular.

In absolute terms, having SUPER tokens gives us other privileges such as being able to have access to preview sales or airdrops.

During the IDO on Polkastarter, the maximum supply was set at 1 tokens, of which 000 were part of the public sale. The total allocation was thought of as follows:

• 25% for staking
• 5% for NFTs
• 10% for founders, developers and project advisors,
• 10% for the development of the platform.
• The rest for the different liquidity pool and lottery strategies in particular.

Here is the price curve of the $SUPER token since its launch.

You can buy SUPER tokens on several platforms such as Binance and Uniswap for example.

That said, if you buy SUPER tokens with the aim of creating a farm, you will need a minimum of 100k to create a farm…

This threshold, which may seem enormous (and which is, let's be clear and honest), was set to improve the quality of farms and to stimulate demand for the SUPER token, let's say it.

Also, a high-performance token is also the guarantee of having an equally high-performance platform.

The SuperFarm Superverse

Even though it's not completely ready yet, you should know that there is an element called "Superverse". This will allow you to make and distribute exclusive NFT aidrops via the platform's many partners.

The Superverse is a metaverse (a virtual parallel world) that is interoperable and global that combines NFTs and elements of “AAA” video games, i.e. the most popular video games. video games with the biggest budgets. Thus, each NFT has its own context, and meaning in their respective universe and also in the superverse.

You should know that here again, the founders of the project want to create the simplest to use metatarsal possible.

However, here again, you must have and possess SUPER tokens to be able to be part of it…

Conclusion: SuperFarm, not so super?

You should know that it is really too early to make a definitive judgment on the SuperFarm platform. The platform was only created in February and for the moment, we do not have access to the announced features; we just have grandiose promises for the moment.

You should also know that the platform was launched by a YouTuber who has more than 300 subscribers; CryptoEliott. Thus, his project quickly gained visibility due to its audience on YouTube. As soon as his project was announced, his community obviously flocked to the platform.

Thus, Superfarm started with a huge advantage compared to other protocols but this is also the limit of such a project. Critics of the project explain, for example, that without the visibility of the YouTuber, the platform would certainly not have had such success. They also say that it will take more to make it a serious and essential platform (what it wants to be). For the moment, it remains a platform of a YouTuber and his audience….🤢 Some detractors even say that he takes advantage of it to sell and continue to sell products to his audience, as is often the case with YouTubers…

That said, we remind you that the platform has received financial support from large groups like Bitcoin.com, Animoca Brands and even Matic. Of course, these are not the big investment funds but they are already recognized projects. Maybe others will follow…?

We tell you this because at zonebitcoin, we believe that the most serious projects are generally financed by investment funds... Without this, the crypto project will have more difficulty structuring itself as a reliable project in the long term.

Finally to finish, What we can say is that Superfarm has a really interesting project for the two combined aspects of NFTs and farming.

Likewise, with their SUPERVERSE, we can imagine that major games will form partnerships with the platform. This can only be positive for DeFi as a whole.

We look forward to seeing the progress of the platform, in any case.

And you what do you think?

• 👉Discover the platform superfarm
• 👉 Buy super tokens on Binance

Read other related articles:

• LGBTQ teen raises more than 2,16 million for his NFTs
• Aknoledger: The project that links NFTs and Metaverses
• Unifarm: the unique farm to cultivate several tokens

---

Note: This is not financial advice of any kind. Do your own research for all projects in the crypto universe. Only invest amounts you can afford to lose. Zonebitcoin cannot be held responsible for your investments.

To buy cryptocurrencies (simple way):

• Public chat Binance (Complete crypto trading platform)

To generate interest on your cryptocurrencies:

• Public chat Youhodler (Earn up to 12% interest on your cryptos every week)
• Public chat BlockFI (Generate cumulative interest and receive your earnings every month) 

To secure your cryptocurrencies:

• On the wallet Ledger 
• On the wallet safepal

To have fun and play 

• The best for Sports Betting with Big Bonuses: CloudBet
• Discover the best bitcoin casino

---