About United Farmers Finance
United Farmers is an entire ecosystem with yield farming and automated market-making (AMM) for the BSC network. We introduce Yield Farm, Staking Pools, Decentralised Exchange (DEX), Multi-Layered, Multi-Chain, Doxxed Team, Utility Token, Auto Liquidity provider. The solid and secure foundation with our own UFF token as our center service.
United Farmers is built by a dedicated professional team. We will be committed to the growth and success of the ecosystem.
Who are we?
The project has come from our minds after being scammed and rugged over many different times, wherein devs have not done anything as promised, left the community hurt by launching new projects which were not thought through. Dumping their income on the community on selfish grounds is a significant factor in jumping from one project to another.
Why we created a swap
With all that is going on in the DeFi space, we have experienced one thing - projects with "Funny" or "Provoking" names get a lot of attention, and with us being sick of getting scammed, we thought, "let's get united."
This project is built to bring back the trust to the crypto community, and with this honesty, we ensure to help our investors to make some good money.
The Story of GRAIN
The idea of GRAIN backing up UFF is part of the project plan. If we create a second layer, it should support UFF. Over the past few months, the team has had several discussions about what the second layer should look like. Hence, grain and circulating pools.
Introducing CIRCULATING POOLS
What are Circulating Pools?
They are specific routes you take in our farm and stake pools to earn even more UFF tokens.
Here is how they work:
Stake UFF to earn GRAIN in our new UFF pool.
Take your earned GRAIN and stake it in our GRAIN-BNB pool to earn our unique GOLDEN GRAIN. (Please Note: currently, GOLDEN GRAIN is non-tradable and not shared between wallets.)
You need GOLDEN GRAIN to take the next step:
Enter our SUPER POOL UFF-GOLDEN GRAIN
Earn more UFF tokens by cycling through our Circulating Pools.
You, as the current holder, have the advantage of accumulating as much GRAIN as you can before trading opens. To add Liquidity to our GRAIN-BNB, we will use the LPs we lock every Friday for the next two weeks.
Investing in Cryptocurrency and Decentralized Finance (DeFi)
The DeFi sector is in its infancy. This means that there are many inefficiencies in the market, such as many currency exchanges only taking a select bundle of popular coins. This can make it challenging for a currency holder to find avenues for liquidation to fiat money. However, this also provides an opportunity for crypto-investors to offer funds to markets to facilitate transactions between exchanges. While many of the products offered by various platforms have a resemblance to other capital markets (i.e. commodity or stock exchanges), the new user needs to determine why they want to buy cryptocurrency. Generally speaking, most new users either plan to buy cryptocurrency as an investment or they plan to consume other goods or services with it.
If you are buying for investment purposes then the same due diligence process applies as it does to other investments such as, real estate, publicly traded stocks, mutual funds, EFTs or private equities. However, there are a few additional considerations to follow when choosing a crypto currency:
Jurisdiction- Check whether transacting with crypto currency is actually permitting by governing authorities. There are a number of countries in the world that prohibit its citizens from owning or transacting in crypto currency.
Steep Learning Curve- Once you start learning about blockchain technologies and cryptocurrency (especially investment strategies, such as yield farming and staking), you will never stop learning, as your investment demands attention to ensure that it is performing. If you are used to investing in mutual funds or contributing to a pension fund, you have delegated a professional funds manager to make the decisions. However, with crypto investing you will need to pay a bit more attention, maybe not as much as a day trader on a public stock exchange, but probably more like a farmer watching commodity prices to figure out the best time to go to market. New strategies are constantly emerging, making current one defunct. Staying abreast of these changes is necessary to manage your portfolio effectively.
Platform Due Diligence- a few notably currencies have fallen victim to predatory investors with deep pockets. These investors, known as whales, for example, conduct short selling transactions with large sums and devalue the currency overnight. Good platforms will have some kind of anti-whale mechanism that prohibits large withdrawals of funds. This protects all investors and users of the coin from manipulation.
Another key component of sound due diligence is to interview the creator team of the platform. Many crypto currencies do not publish the identities of their team and are, what we call “undoxxed”. As an investor, you want to have some assurance that you know who the team is comprised of (real people) and have backgrounds in the industry. Conversely, if a platform publishes the team’s identity, they are called “doxed” and this should give the investor additional trust. One good strategy is to reach out to them and ask your questions directly. If they are legitimate, they will likely use plain language to help you understand how their coin works and the projects goals.
The platform’s project goals are essential to your decision. Many whitepapers fail to adequately disclosure what they project is all about (usually because it is only an idea for promotion). Good projects should make business sense, such as creating an ecosystem for future coin or token transactions or creating greater opportunities for liquidity by getting listed on more exchanges.
Wallets- each platform has a preference of an industry accepted electronic or hard wallet or a proprietary wallet for storage of funds. It is recommended that funds be kept in your wallets, versus leaving them on an exchange account, as this provides better security. If you are looking for secure “hardware” wallet, ensure that the manufacturer has good reviews and a good reputation as this is critical to keeping your funds safe.
Yield Farming- this is an investment strategy to lend out your cryptocurrency for short periods of time and receive interest or yield on the borrowing transaction. This is passive income investment very similar to how a bank savings account would work, however yield (interest returned) is substantially higher than a savings deposit account at traditional bank.
Staking- is a method whereby the token is locked in and can participate as a validator in a proof of stake network. The staking pool has a built in “consensus mechanism” (proof of stake). This is a method which allows cryptocurrency transactions to be validated and verified, much the way a traditional bank does. Investing in a staking pool allows for distribution of fees from the validation process. Again this is another strategy to earn passive income versus leaving unused currency in your wallet.