Introducing Ingot Farming
Why Ingot Farming
Ingot Farming is a new DeFi project aim to combine the power of yield farming together the scarcity of NFT. Nowadays, in the most of DeFi projects, yield farming is only possibile by staking ERC20 Tokens and earn profit by this staking.
The idea behind Ingot Farming is to break conventional rules about yield farming and extend beyond this concept: the staking is not only limited to ERC20 Tokens, but also extended to NFTs, in this case Ingot NFTs.
Token economy
Ingot Farming is based on an iper-deflationary token economy in which the emission rate of the main token is subject to halves during time. This means that the emission decreases until a specific time where, at this point, current supply remains constant.
In Ingot Farming you can stake Ingot NFTs to earn Ingot Tokens. Ingot NFTs are comparable to real ingot, but in a NFT fashion, you can buy from the store, trade and lock to generate profit from the pool.
Furthermore to increase scarcity and valuable in the early stage of project, most of the tokens and NFTs will be burned.
Ingot Token
Ingot Token is the main fungible token in Ingot Farming ecosystem. It is emitted in a deflationary way by the staking of NFTs in Pool Farming. Furthermore to increase deflation, each time a user buys an Ingot NFT in the store, all tokens spent are immediately burned.
Token Emission
Afterwards, emissions happen when the Project launches, starting at 40 Ingot tokens per block and halves every 4 weeks until it stabilizes after 24 weeks at 0.625 INGOT per block:
- 90% to community via yield farming
- 10% to developers
Token spent in the store are immediately burned
Circulating supply 15.660.000 INGOT:
- Token Pre Sale — 1.950.000 (10,5%)
- Initial LP on Pancake — 1.050.000 (5,6%)
- Community Farming — 14.094.000 (75,5%)
- Team — 1.566.000 (8,4%)
Ingot NFT
Ingot NFT is a Non-Fungible token in Ingot Farming ecosystem. Each Ingot represents something of a unique and rare and is characterized by own “value”. Ingots play an important role in Ingot Farming economy, in fact this value is used in combination to the others owned in Pool Farming and determine the amount of percentage of tokens to issue compared at the total value of the Pool.
NFT Allocation
The following in table will be the details of each NFT at the deploy of contract. At a specific stage all NFTs unsold will be burned.
Pre Sale
Coming soon…
Follow us
Homepage: https://www.ingotfarming.finance
dApp: https://app.ingotfarming.finance
Twitter: https://twitter.com/IngotFarming
Telegram: https://t.me/ingotfarming
Github: https://github.com/ingotfarming?tab=repositories
Medium: https://medium.com/@ingotfarming
