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What is Autofarm coin (AUTO) token, cross-chain yield aggregator?

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AutoFarm is a hyper-optimized cross-chain yield farm aggregator running on 15 different EVM-compatible networks. Your DApp (Decentralized Application) is designed to optimize the income of DeFi (Decentralized Finance) users as they interact with the other DApps in the DeFi space. The app is hosted on BNB Chain (formerly Binance Smart Chain) with no pre-farm, no pre-sales and to optimize DeFi users' income farming at the lowest possible cost.

What is Autofarm (AUTO)?

Autofarm is a cross-chain yield aggregator that allows users to earn a high return on their assets from yield farming pools by betting on Autofarm's vaults. Autofarm aims to be a leading yield and DEX aggregator on Binance Smart Chain ( BSC), incorporating AMM throughput optimization and aggregation as a single product: this allows users to have two products on a single platform, solving the problem of registering with multiple protocols.

Autofarm launched its first cross-chain vault on Huobi ECO Chain in February 2021. Autofarm expanded its ecosystem in March 2021 by acquiring Farmfol.io, an intelligent portfolio manager designed to simplify how users monitor and track their assets on Binance Smart Chain. The AUTO token can be used for proposal voting and will receive the fees earned with the protocol. AUTO has initiated a token distribution launched by the community fair, ensuring that only vault users will have the opportunity to participate in the AUTO token vault mining program.

How does Autofarm (AUTO) work?

AutoFarm's sole proprietorship is, when compared to other income farm projects, as it has the lowest rates in the market. Autofarm also has several cross-chain features and currently supports vaults for chains and networks such as BNB Chain (Formerly Binance Smart Chain) (BNB), Polygon Network (MATIC), Huobi ECO Chain (HECO), Avalance chain ( AVAX ), Fantom chain ( FTM ), Moonriver chain (MOVR), OEC Chain (OKB) ( OKEx), xDai Chain (xDai), Cronos Chain (CRO), Boba Chain (BOBA), Aurora (NEAR), Celo Chain (CELO), Harmony (ONE), Velas (VLX), Oasis (ROSE), to name a few.

AutoFarm also supports a wide range of Exchange aggregators (DEX) on the BNB Chain (formerly Binance Smart Chain) (BNB), Polygon Network (MATIC), Avalanche (AVAX) and Cronos Chain (CRO). They yield at normal ranges and provide excellent yield optimization strategies, splitting trades into multiple DEXs to ensure the best price value and least slippage.

One big difference between Autofarm when compared to other yield farm projects like Beefy.Finance and ACryptoS is that it claims to have some of the lowest fees on the market. Autofarm also has cross-chain capabilities, starting initially at BSC before expanding to Huobi ECO Chain (HECO), and more cross-chain products are planned in this roadmap.

AutoFarm has two main products: Vaults and AutoSwap.

  • Vaults is a yield growing platform that combines yields into optimal ranges and offers excellent yield optimization strategies. Vaults benefit users by socializing gas costs, automating yield generation and compounding process.
  • AutoSwap is a DEX aggregator that offers users the best prices for their DEX trades. It splits trades into multiple DEXs to ensure the best price value and least slippage.
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End users do not need to be fully versed in the underlying protocols involved or DeFi. Vaults represent a passive investment strategy similar to a crypto hedge fund, with the aim of increasing users' deposited assets.

What is AutoFarm (AUTO) for?

  • Staking – Cryptocurrency staking is a process, like putting money into a high interest savings account at your bank (when that was possible. AutoFarm allows people to stake their tokens for income.
  • Agriculture – Yield agriculture is the process of using decentralized finance that allows users to borrow or borrow cryptocurrencies on a DeFi platform and earn cryptocurrencies in exchange for their services to maximize returns. AutoFarm offers the opportunity to enable farming on its decentralized platform.
  • Governance and Voting – The AUTO token can be used to vote on proposals and will receive the fees obtained with the protocol. Here on the platform, only vault users will have the opportunity to participate in the AUTO token vault mining program.

AUTO token

AUTO, the proprietary token of the Autofarm ecosystem, was minted linearly from December 15, 2020, and minting ended in October 2021. As of April 2021, a total of 14.600 AUTO were in circulation, with the maximum supply set at 80.000 AUTO. The token distribution is as follows: 12% of the tokens generated go to the development team to ensure the protocol can continue to innovate while the remaining 88% is allocated to the vault token mining program.

Where to buy the AUTO token?

AUTO cryptocurrency can be traded on the following exchanges:

  • Binance
  • MEXC
  • BingX
  • Crypto.com

Auto Price Forecast (AUTO)

The price of Auto is predicted to reach a maximum level of $762.53 throughout 2022. As early as 2023 according to our crypto price prediction index, Auto (AUTO) may reach a maximum level of $1,467.44, with the average price of trade of $1,091.26.

In 2025 according to our crypto price prediction index, AUTO is expected to cross an average price level of $1,769.06. The minimum expected value of the Auto price at the end of the current year should be $1,633.50. Furthermore, AUTO can reach a maximum price level of $1,802.95.

Conclusion

Autofarm is a suite of products in Decentralized Finance ( DeFi ) that provides DEX aggregation and agricultural yield aggregation across the various blockchains. Most prominently, Autofarm's genesis was in BSC and went on to expand its cross-chain capabilities to Huobi ECO Chain (HECO). AUTO is a utility and governance token native to the Autofarm protocol, launched on December 15, 2020 on Binance Smart Chain (BSC). The AUTO token can be used for voting on proposals and will receive fees that are earned with the protocol. AUTO has started the token distribution launched by the community fair, ensuring that only vault users will have the opportunity to participate in the AUTO token vault mining program.

More about AUTO

Disclaimer: The views and opinions expressed by the author, or anyone mentioned in this article, are for informational purposes only and do not constitute financial, investment or other advice. Investing or trading cryptocurrencies carries a risk of financial loss.
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