BiFARMSNETWORK TOKENOMICS

A sneak peak into BiFARMSNETWORK token utility.

bifarmsnetwork is a Decentralized, Multi-Chain Yield Optimizer platform that allows its users to earn compound interest on their crypto holdings.

Through a set of investment strategies secured and enforced by smart contracts, BiFarmsnetwork automatically maximizes the user rewards from various liquidity pools (LPs),‌ ‌automated market making (AMM) projects,‌ ‌and‌ ‌other yield‌ farming ‌opportunities in the DeFi ecosystem.

The main product offered by BiFarmsnetwork are the ‘Vaults’ in which you stake your crypto tokens. The investment strategy tied to the specific vault will automatically increase your deposited token amount by compounding arbitrary yield farm reward tokens back into your initially deposited asset. Despite the name ‘Vault’ suggests, your funds are never locked in any vault on BiFARMS network: you can always withdraw at any moment in time.

DeFi applications are unique in the sense that they are permission less and trustless, meaning that anyone with a supported wallet can interact with them without the need for a trusted middleman. While you have funds staked in a vault, you remain 100% in control of your crypto.

BiFARMSNETWORK TOKENOMICS

Token Name -BiFARMS

Type -Bep20

Ticker -$BFS

Total Token Supply — 1,000,000

Contract Address — 0xbbf8c8f9b79808be0bc8d24f2c7a5111b47e230b

Token Allocation:

Seed Round -50,000 $BFS (5%) is reserved.

Public Round -50,000 $BFS (5%) is reserved.

Private Round-100,000 $BFS (10%) is reserved.

Liquidity & Yield-Farming -320,000 $BFS (32%) is reserved.

Ecosystem -160,000 $BFS (16%) is reserved.

Team -180,000 $BFS (18%) is reserved.

Partners & Advisors -80,000 $BFS (8%) is reserved.

Marketing -60,000 $BFS (6%) is reserved.

Token Vesting Periods:

Seed Round — 10% unlocked at TGE, cliff 2 months. The rest 90% will be unlocked monthly in the next 15 months.

Private Round — 10% unlocked at TGE, cliff 1 months. The rest 90% will be unlocked monthly in the next 12 months.

Public Round — 10% unlocked at TGE, cliff 1month. The rest 90% will be unlocked monthly in the next 6 months.

Liquidity and Yield-Farming — 10% unlocked at TGE. The rest 90% will be unlocked monthly in the next 18 months.

Ecosystem — Cliff 01 month. Tokens are unlocked at 2% every month.

Team — Cliff 06 months. 12.5% unlocked on every quarter.

Partners & Advisors — Cliff 01 month, linear vesting of 25 months.

Marketing — 10% unlocked after 1 week of TGE. The rest 90% will be unlocked monthly in the next 30 months.

Token Utility:

$BFS tokens are ‘dividend-eligible’ revenue shares in BiFarmsnetwork, through which holders earn profits generated by BiFarmsnetwork and are entitled to vote on important platform decisions.

For all the vaults deployed on every blockchain, BiFarmsnetwork has its native governance token $BFS at its core. Platform revenue is generated from a small percentage of all the vault profits and distributed back to those who stake $BFS.

The revenue sharing mechanics entail you can stake $BFM to either earn more $BFS in a BFS vault, or earn $ETH, $BNB, $FTM, $MATIC, $AVAX, $HT, $ONE, $CELO or $MOVR in the native staking pools.

If you want to know more and stay up to date about what’s happening in the

BiFARMSNETWORK, follow us here:

Website: http://bifarms.network

Twitter: https://twitter.com/bifarmsnetwork

Telegram Group: https://t.me/bifarmsnetwork

Medium: https://medium.com/@bifarmsnetwork

Github: https://github.com/bifarmsnetwork

Email: contact@bifarms.network