The revolutionary farmer focused yield optimiser on #BSC
Had enough of the larger than life promises of many farms that fair to deliver?
Well we are happy to introduce our platform and ecosystem to the Binance Smart Chain. With a high barrier entry to implement on-chain farming strategies on the Ethereum Network due to excessive gas fees, we have chosen #BSC to be the home of BETA and GAMMA.
From early development we have taken measures to ensure the security of the funds pooled on our platform and removed the dreaded migrator code. This ensures that it is impossible for any pooled funds to be migrated by our development team from any of our farming LP’s or Staking pools.
Audit you ask?
We have submitted all of our farming and staking contracts to TechRate and Certik to perform both security and comprehensive audits of our code. Thus, ensuring the overall integrity and safety of all farmers that choose to use our platform.
The risk of hacks and exploits are very common in most yield farms as we have seen, but our development team have taken extensive measures to negate any potential for this. A prime example of this is that any action carried out by our contract creator wallet has a Multi-Sig approval metric.
Meaning that to approve any action 6 individuals including members of the dev and admin team (+1 neutral third party) must sign and approve it.
When Moon ?
Well, in order to ensure that our native token BETA has a high growth value potential , we have decided to make its supply fixed at 85K with no mint function.
Additionally, as our farmers interact with our LP’s and staking options and pay deposit fees, these will be redistributed to BETA token holders in WBNB*. The BETA token will also provide access to our exclusive LaunchPad for new BSC projects alongside providing DAO features when we carry out voting for future pools and project releases.
And yes…. BETA holders will be airdropped custom NFT’s… more on this later !
Importantly BETA can never be farmed and it has no block rewards or emission schedule, its supply will remain fixed forever and as the community stake in our staking pools the circ. supply will decrease rapidly.
All in all, we believe there will be a strong HODL case for the BETA token.
… We are not done yet !
GAMMA is the hyper intuitive smart reward token of the BetaFarm platform. Having a secondary token is essential to protect the value of our native token BETA. We have watched the mistakes of PancakeSwaps (CAKE) and other farms and see the supply crisis they face as block emissions relentlessly continue to dilute their lead tokens supply.
Hence, we will operate a dual-token system.
GAMMA will have an initial block reward of 2.50 of which 90 % … Yes 90… will be redistributed to farmers in our LP’s and staking pools. With 10% of these rewards being burned from GAMMA’s supply forever automatically at a verifiable burn address !
We will also operate a smart multi-burn to automatically offset block reward emissions. This will be built into the GAMMA token and per transaction 10% of transactional amount will also be Burned from the total supply of GAMMA forever.
GAMMA will have an initial supply of 5K and will be farmable at block (TBA)
How can we get BETA?
We have decided that the majority of platforms such as Bounce, BSCPad etc do not provide a fair and efficient way for communities to acquire a token they are interested in. Hence, we have developed our very own presale and public offering platform the enable our community to acquire BETA tokens.
Both a private and public round will be carried out and further information regarding this will be released to the community.
Initial LP’s and Staking
Above is a preview of some of our LP’s in our Laboratory (Farming Platform), all rewards will be distributed in GAMMA. We have some unique & hidden compounding features for all of our pools which will be released in future articles.
We also know how important it is to farming strategies to allow a reasonably quick transition between pooling and staking. Hence we will operate an initial 24-hour lock-up period instead of the usual 72 hour seen in many farms.
There will also be a 1% deposit fee which is a 1/3 of the usual fee, and NO withdrawal fees for any LP’s.
Our community can expect to see BETA-BNB , BETA-BUSD, GAMMA-BNB , GAMMA-BUSD and many more to be added and actively farmable when the full platform launches.
We will also provide the 6 staking options listed below.
BETA
BTC
ETH
CAKE
BUNNY
BNB
So what is next for BetaFarm?
We will continue to develop and launch the UI front-end and back end of our platform, develop our LaunchPad within the ecosystem and continue to release informative content about the projects direction and milestones.
For a more detailed overview of our roadmap please review our Gitbook.
All official announcements will be communicated via our official twitter and telegram channels or our medium!
