Flaming Farm Private Sale is Now Live

The deflationary yield farming platform, Flaming Farm, announced its public crowdsale this week. The event starts on December 10, 2020, at 10:00 AM UTC, following the release of their smart contract audit. The presale price for FFARM tokens, the network’s native governance token, is set at 0.15 ETH. You will need a minimum of 0.5 ETH to participate in the event. Interestingly, whale investors are capped at 20 ETH. The network has a presale hardcap of 600 ETH.Why all the Hype?Flaming Farm is unique because it is the first deflationary yield farming platform to hit the market. Yield Farming is the hottest feature in DeFi at this moment. These peer-to-peer lending protocols utilize large liquidity pools to provide users with the ability to stake their idle crypto and earn rewards.Users and new projects can then take out short term loans from these pools. These loans are repaid directly back into the pool plus interest. This process adds more liquidity to the pool and increases the liquidity pool’s token value. Consequently, users gain interest and the added appreciation of the token.Yield farming is an attractive option for new users because it doesn’t require any prior cryptocurrency understanding. Compared to trading, yield farming produces more dependable rewards and requires all-around less work. You don’t need to spend hours researching projects and market conditions to stake your unused crypto in a liquidity pool.Transform the DeFi Sector ForeverFlaming Farm improves on the yield farming model with the introduction of a deflationary protocol. This network was designed to combat the biggest problem facing the DeFi sector today, inflation. Liquidity pools issue tokens to investors when they stake. The more they stake, the more tokens they receive.These tokens are especially susceptible to inflation as there is no predictable monetary supply. Instead, there is a flood of…