harvest 1132x670 1 - What is FARM Coin? Guidance on the Harvest Finance project and its future

Crypto money investors are making various searches on the internet about the yield farming project Harvest Finance (FARM Coin), which was implemented last year when the DeFi industry developed and turned into a fury. We have compiled all the things you need to know about the project in this content.

Founder and year of establishment: Chal Daniels / 2020
Blockchain: Ethereum
Total supply: 690 thousand
Circulating supply: 656 thousand
Market cap: $155 million (January 1, 2022)
Lowest price: $0.03676
Highest price: $38.6
The aim of the project: It promises DeFi users high interest income on the protocol.
Uses: Decentralized Finance (DeFi)

What is the Harvest Finance (FARM Coin) project?
Harvest Finance, founded by Chal Daniels in 2020, is a protocol that evaluates the assets of users in crypto money markets in high and efficient farming pools. Those who pool their assets in Harvest Finance can earn high interest (APY) income with an automated farming activity, aka liquidity mining.

Harvest Finance is a yield aggregator on the Ethereum, Binance Smart Chain and Polygon blockchains. The platform helps users maximize the return on their assets by investing money in various projects in the DeFi ecosystem. The platform allows users to hold their assets in Harvest Finance vaults, while the protocol executes various yield farming strategies on their behalf and receives stakes in return. The project was created so that users can achieve high efficiency while saving gas costs.

Performance fee sharing is also available in the protocol. Users with FARM tokens in profit sharing pools are entitled to the performance fee charged for their activity in yield farming. Fees are used to repurchase FARM tokens from the open market and reward users who stake FARM.

FARM tokens distributed to users are automatically collected and redistributed in the profit sharing pool to improve their returns. iFARM is issued as a deposit receipt for automatic merging and is an interest-bearing FARM token.

What is FARM Coin?
Farm Coin is the native token of Harvest Finance. Users can earn FARM tokens as performance fee rewards when they stake their FARM tokens in sharing pools. Another benefit of FARM Coin is liquidity mining. Users can provide liquidity to LPs in other DEXs to earn liquidity mining rewards (i.e. SushiSwap) and a share of DEX transaction fees. Users can stake more LP tokens in Harvest Finance vaults to earn liquidity incentives paid in FARM. FARM token holders, on the other hand, can create and vote on governance proposals.

After its launch in September 2020, the protocol had surpassed 1 billion Total Value Locked (TVL Total Value Locked) by mid-October. The core development team behind the project is anonymous and controls the implementation of new vault strategies and the creation of new vaults themselves. The native token FARM was distributed fairly when the project started. After reviewing the weekly FARM emissions, the community voted to reduce the weekly emissions rate by 4.45% and also to limit the supply of FARM tokens to 690,420. The emission reduction vote resulted in the burning of 14,850,108 FARM tokens.

Where and how to buy FARM Coin?
With a total market value of $155 million as of January 1, 2022, the project’s token FARM has a maximum supply of 690 thousand, while its circulating supply is 656 thousand. FARM Coin had an all-time low of $38 and a high of $2,236. It can be bought and sold on platforms such as Gate.io, Poloniex, UniSwap, as well as major exchanges such as Binance and Coinbase.

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