πŸ’ΈEverFarm :The Concept explained

Auto-Staking

EverFarm is a project that merges two of the most important concepts in crypto : Auto-staking and NFTs.

For the first time, a crypto project allows investors to generate a daily passive income (2.55% Daily ROI) with a community treasury used to buy, own and trade NFTs, sharing profits with the holders.

$EFARM, is a governance token that gives holders voting rights. This means the community governs the decisions on what projects to invest in, how long to hold, when to sell and can choose to either take profits in BNB or more $EFARM.

The concept of Auto-staking and Auto-compounding :

The $EFARM token contract uses a positive rebase formula to be able to distribute rebase rewards as interest payments directly into your wallet, this means that you don't have to connect your wallet to a staking app or re-stake your rewards to compound your daily returns, the contract does that automatically and all you need to do is : Buy, Hold and Earn ! The rewards are distributed every second, and you're getting a ROI of 0.0000291% for every EPOCH (An Epoch is basically a rebase period), thus, EverFarm holders received an annual compound interest of 986,940% for Year 1. In order to be able to achieve a rebase every second, the contract uses a smart gas fees management.

Note : The interest rebase rate then reduces after the first 12 months:

What is a DAO ?

A Decentralized Autonomous Organization (DAO) is an entity with no central leadership. Decisions get made from the bottom-up, governed by a community organized around a specific set of rules enforced on a blockchain.

The EverFarm Treasury will be a DAO backed Treasury where investments from the Treasury are decided 100% by the community.

What is a governance token ?

Governance tokens are tokens that represent voting power on a blockchain project. They represent the main utility token of DeFi protocols since they distribute powers and rights to users via tokens. With these tokens, one can create and vote on proposals.

$EFARM will serve as a Governance token for the EverFarm project.

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