Korain Ki The Jung: iFarming

iFarming

iFarming Finance (IFY)

Yield farming is the latest craze in crypto and is the key reason behind the DeFi explosion going on right now, So what exactly is it? Well, yield farming entails lending crypto to earn more crypto. It is a break from the past where to make money in crypto, you either had to HODL or trade on price movements speculation. Essentially, a yield farmer will look for DeFi pools that offer the highest lending rates and lend with the aim of maximizing their crypto holding as much as possible.

Sounds too complicated? If you are a newbie in the DeFi space, you are probably wondering what is yield and how farming relates to crypto, right? To understand farming, you need to relate it to a bank account.

When you open a bank account and save money, you expect a return on your savings since the bank uses your money to earn through lending. The interest the bank pays is your yield. It is the same with DeFi yield farming. The only difference is that unlike conventional banking economics, DeFi is trustless. When farming cryptocurrency, you overcollaterize, meaning that the platform does not need to do KYC. Your wallet represents you instead of your name.

Yield farming is an expression used by many DeFi enthusiasts to define a process of acquiring more cryptocurrency by making the one you hold “work”. Nevertheless, this is only a broad explanation of this DeFi-related phenomenon. If we want to get really acquainted with yield farming, we’re going to have to dig much deeper into the matter. Yield farming is an effort of exploring and moving a certain cryptocurrency to protocols with the best APY (annual percentage yield) on a weekly or even more frequent basis. If those protocols are liquidity pools, then a crypto holder receives rewards in return for providing liquidity to the ecosystem. If a farmer receives additional coins besides the reward in tokens he invested, the process is called liquidity mining.

Yield farming, in a way, resembles investing in traditional funds. However, while a traditional investor doesn’t switch from one fund to another so frequently, a yield farmer does it very often, looking for the best opportunities. Most of the already established DeFi protocols suitable for yield farming are leaning on the power of the Ethereum or Tron network. However, they are all mutually detached and it is a highly time-consuming task determining which one of the protocols is currently the best yield farming option.

IFY Finance is an automated DeFi investment service platform that will allow users to earn yields across a variety of DeFi products in a risk/reward optimized way. It aims to bring more users to the DeFi landscape by making yield farming easily accessible to users. Yield farming today presents users with a high barrier-to-entry, cost, and risk. IFY Finance solves these pain points by giving users a low-cost frictionless way to pool their liquidity and allocate it across a portfolio of strategies. By pooling liquidity, the platform routes the funds in one transaction to the largest and greatest yield farming strategy, thereby saving gas fees for users. The platform launch is planned for December.

iFarming Features
IFY is essential for the bigger pattern of decentralized account: an industry that is centered around building decentralized budgetary instruments on top of existing brilliant agreement empowered digital forms of money. These instruments incorporate digital currency loaning, protection, decentralized trades, and other use cases.

Yield Farming
Yield ranchers just need to store their crypto utilizing our shrewd agreement, at that point iFarming handles all that it takes to get the best return acquiring on the lookout.

NFT Farming&Trading
Simple farming by holding or exchanging restricted release Non-Fungible tokens (NFT) gave by iFarming and air-dropped to the network. Clients can get these NFT in closeout or airdrop. We use OpenSea API SDK.

Governance
IFY ecosystem system is completely network claimed. Clients can propose and decide on any framework boundary. Clients are boosted with the IFY administration token to stay up with the latest with the most recent DeFi advancements.

Liquidity Mining
Liquidity providers earn standard rewards in addition to bonus IFY reward.

Profit Management
Crypto investment includes high danger, in any case, we are consistently constructing a key structure to chop down these dangers and changing speculation liquidity circulation to keep clients acquiring the best return.

Buy Back & Burn
Token value strength is a significant worry in most DeFi ventures, in this way, we organize buyback and consume IFY to make the cost exceptionally steady, secure, and straightforward for day to speculators.

Token Sale
A total of 100,000 IFY token will be sold. The private deal was effectively finished with all designated token (20,000 IFY) sold out. In presale 80,000 IFY is accessible in 3 unique stages. Any unsold symbolic will be scorched. As of now, presale stage 1 is open, you can get it here.

IFY Allocation

500,000 IFY have been minted at genesis (max supply)

60% community: 300,000 IFY for community, LP, staking reward

20% investors: 100,000 IFY for presale to early investors

16% development: 80,000 IFY for future development and marketing

4% team: 20,000 IFY for team members and workers

IFY contract address: 0x5CD5a1042a9B0656f747E49CD33aAD262Fa04E7D

The iFarming Finance Token Sale.
Name: iFarming
Ticker: IFY
Decimal: 18
Max Supply: 500,000
Private-Sale: 20,000
Pree - Sale: 80,000
Unsold Token: Be Burned
Phase 1 Price: 0.004 ETH
Phase 2 Price: 0.00666 ETH
Phase 3 Price: 0.01 ETH
Listing Price: 0.01333 ETH

Upcoming Events

November 2020
Airdrop
Presale
Whitepaper Release
First Marketing Campaign
NFT Auction

December 2020
Liquidity pool
Yield Farming by depositing assets
Decentralized exchange listing (Uniswap, 1Inch, Balancer etc)
Centralized exchange listing (Gate.io, MXC, LaToken, Hotbit, Crex24 etc)
Token tracker listing (CMC. Coingecko etc)
NFT Farming

January 2021
New strategic partnership to improve iFarming service
Seeking solutions for cross-chain integration
First governance voting enabled
Buy back & burn

February 2021
New exchange
Licence Register as Finance Farming Platform
TBA
TBA

March 2021
TBA
Community decides

The Core Team