What is the purpose of FARM GOLD token?
For presale we had a choice to offer tokens at deep discounts to early backers or to consider other options. We evaluated many options to entice early backers but we felt that all those commonly used options would be detrimental to our brand and would not bring value to our backers.
We found that offering tokens at deep discounts or for free would only make sure that the token would lose significant value while it gets listed. The price situation can be so dire that selling a small percentage (like 5% of the tokens) can have adverse effect on the price of the token in a price discovery model.
We decided to offer FARM GOLD to incentivize early token backers and prevent loss of token value during listing of both tokens (Gold and Silver)– something similar to Siafund that was offered by Siacoin team.
Now about FARM GOLD:
The farm gold are units and are not divisible. There are limited in supply. A total of 1,500,000 FARM GOLD will ever be created of which 500,000 are available to the public.
Benefits: FARM Gold tokens have higher weightage within the farm ecosystem
1) FARM Gold holders will get higher discounts from our partner companies.
2) Holders of FARM GOLD would enjoy a higher position within the ecosystem — like legendary member on bitcointalk
3) Most importantly the FARM GOLD tokens are offered at $1 during the presale and will be listed at %5 on exchanges — that means a profit of 400%
4) Lastly, when token spilt event occurs , each FARM GOLD token nets the owner 5 FARMS tokens– so if you have 1000 FARMG you get 5000 FARMS.
Now who is onboard with the FARM Gold tokens. Registration for whitelisting closes on Nov 05, 2018. Get whitelisted now.
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