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Highlights
- Developed by the Forex SharkSifu, the Animal Farm crypto is a yield farming protocol powered by the Binance Smart Chain protocol.
- Governed by two native tokens, DOGS and PIGS, the Animal Farm Crypto acts as a decentralised farming and lending protocol focused on sustainable wealth creation.
- Last month, Drip Network added Animal Farm crypto, which grabbed eyeballs to its project.
Developed by the Forex SharkSifu, the Animal Farm Crypto is a yield farming protocol powered by the Binance Smart Chain protocol. Governed by two native tokens, DOGS and PIGS, the Animal Farm crypto acts as a decentralised farming and lending protocol focused on sustainable wealth creation.
The Animal Farm crypto, with its innovative asset offerings, gives its users multiple options to maximise its potential. Last month, Drip Network added Animal Farm crypto, which grabbed eyeballs to its project. This was the culmination of Animal Farm’s Layer-1 token presale, which concluded on 27 January and was sold in minutes.
Why is it unique?
According to the project’s whitepaper, the Drip Network partnership is expected to bring farm exposure to thousands of investors. The farm is expected to reward the farmers for adding BUSD liquidity to Drip Network. This will not only give the Drip network’s price a bump as well as bring instability to the protocol.
Also read: THORCHain (RUNE) crypto: Why is it bullish of late?
Besides, the Animal Farm crypto stakers will also get voting rights on its governance and staking rights. The stakers can earn additional yields on PancakeSwap at the same time maintain control over the supply and get the first-mover advantage.
Besides, The Animal Farm crypto offers the first-mover advantage through functions such as dynamic emissions, etc.
Animal Farm is perhaps the first farm platform that utilises the Dynamic Decentralized Supply Control Algorithm (DDSCA) to calculate the emission rate for rewards for both its native tokens. Thus, in a way, the DDSCA keeps a tab on the ATHs and ATLs and uses them as reference points to study the demand for the tokens.
Also read: Why Ukraine is urging crypto exchanges to ban Russian users
Animal Farm tokens pricing
Both the native tokens, PIGS & DOGS, are witnessing red on the market. The 2931st ranked PIGS token was trading at US$339.27 with a trading volume of US$4,767,074 as per CoinMarketCap. The PIGS token was down by 2.55%. The volume, however, saw a bump as it was up by 35.54%.
The DOGS token was also down. The DOGS token was trading at US$63.79 with a trading volume of US$2,268,520. The DOGS token was down by 2.32% at the time of drafting. Unlike the PIGS token, which saw a significant volume bump, the DOGS token’s volume was down by 16.23%.
Even though the whitepaper gives an overview of the project, the venture still lacks information about how it intends to expand in near future. The Drip Network partnership, according to the experts, could bring significant changes, but investors would prefer to know more details of the project.
However, the critical Russia-Ukraine crisis has made cryptos too volatile. For market participants, it’s very crucial to do their research before making any investment decisions.
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