What is SuperFarm (SUPER) and how does it work to revolutionize decentralized finance?

What is SuperFarm (SUPER)?

SuperFarm is a decentralized ecosystem built on blockchain technology, empowering users to create, deploy, develop, and cultivate NFTs. It facilitates cross-chain farming of non-fungible tokens, democratizing access to NFT farming and NFTs overall. The core objective is to simplify and streamline the creation and management of NFTs and NFT farms.

SuperFarm emphasizes utility, offering a cross-chain platform for NFT farming and an NFT marketplace for trading non-fungible tokens and fostering unique token economies. With access to multiple blockchain networks, SuperFarm provides a comprehensive toolkit for establishing NFT farms and minting NFTs. Its user interface and commands are designed to be user-friendly, enabling individuals without coding knowledge to effortlessly set up their own NFT farms, mint and trade NFTs, and participate in farming others' NFTs.

Furthermore, SuperFarm enhances NFT utility by enabling users to tokenize their products as NFTs and create new markets for them. Users can establish automated rules for their farms, and the platform allows direct purchase of NFTs using various cryptocurrencies. Additionally, users can earn and redeem points for farming NFTs, using these points to acquire other NFTs.

How does SuperFarm work?

SuperFarm enables users to create, deploy, utilize, trade, and cultivate NFTs through distinctive NFT markets and NFT farms. The platform is currently in the initial stage of development, as outlined in the official SuperFarm roadmap, which comprises three distinct stages. It consists of cutting-edge decentralized applications that grant access to DeFi and NFT services on the network.

Users have access to the NFT Launchpad and NFT Farming, with the development team actively working on NFT Generation, NFT Marketplace, and NFT Trading. Each of these applications serves a different purpose that contributes to the overall functionality and usefulness of the network. Users can initiate limited NFTs that are unique and scarce through the Drops platform. This feature is particularly beneficial for gamers and game developers seeking to monetize special in-game items.

Users can earn various non-fungible tokens by staking different tokens on SuperFarm, a process known as NFT farming. Through this, farmers accumulate points that can be redeemed to acquire NFTs. SuperFarm, launched in 2021, is a relatively new project that is set to introduce upcoming applications for NFT generation, marketplace, and trading. With these updates, users will gain the ability to create digital assets and explore, trade, auction, and exchange NFTs within the platform.

Who founded SuperFarm? (History of SuperFarm)

SuperFarm, launched in 2021, was conceived and developed by Elliot Wainman, also known as EllioTrades to his YouTube followers and other cryptocurrency enthusiasts. Wainman is a prominent cryptocurrency trader, content creator, and social media influencer, particularly active on YouTube and Twitter.

Wainman assembled a team of developers to bring SuperFarm to life, with Timothy Clancy serving as the lead developer. Clancy comes from a development background and was a co-founder of a VR training company. SuperFarm is still evolving as a project and is expected to introduce additional functionalities, such as NFT trading, in the future.

What sets SuperFarm apart from others?

SuperFarm sets out to establish a distinctive NFT ecosystem, offering a wide range of functionalities within a unified environment to enhance accessibility to NFT markets and tools. The core objective of the project is to empower individuals without coding experience to effortlessly create their own digital assets in the form of non-fungible tokens (NFTs).

One of SuperFarm's unique features in the DeFi sector is its simplified interactions with NFTs and NFT holders. Users can easily exchange their NFTs with others, as well as buy, sell, farm, and earn NFTs. These functionalities are integrated into a unique ecosystem designed to increase the appeal of non-fungible tokens as valuable assets over time.

As the project continues to evolve, SuperFarm has the potential to become the premier platform for NFTs.

What is the source of value for SuperFarm?

SuperFarm's intrinsic value is derived from its technical capabilities, technology, advancements, and practical applications. Its technical value is bolstered by user-friendly tools and features for creating, deploying, and farming NFTs. The project's value is closely tied to its utility, often reflected in trading volumes.

However, the intrinsic value of crypto projects like SuperFarm often differs from the market value of their associated cryptocurrencies, such as SUPER. Market value can fluctuate significantly over short periods due to market dynamics. Despite this, the overall value of the project, encompassing both its intrinsic and market value, may increase over time as new developments are introduced.

What is the circulating supply of SuperFarm (SUPER) coins?

There are currently 451,694,843 SUPER tokens in circulation out of a total supply of 999,998,077.416917 SUPER tokens. SuperFarm, similar to Bitcoin, has a finite supply to act as an anti-inflation measure, ensuring that no new SUPER tokens are minted once the total supply is reached.

The market capitalization of SuperFarm is calculated by multiplying the number of circulating SUPER tokens by the current price. As the number of coins in circulation and the price fluctuate, so does the market cap. The market cap not only determines SuperFarm's rank among other cryptocurrencies but also indicates its market share and dominance.

Other technical data

The network within SuperFarm that hosts NFTs, tools, and functionalities is called the SUPERVERSE. It encompasses three key aspects of the project: AAA games, the NFT ecosystem, and partnerships. The focus initially will be on AAA games, integrating NFT functionalities as in-game assets are often highly sought-after and unique NFTs.

Partnerships, such as the one with PAID Network, play a crucial role in enabling SuperFarm to introduce new functionalities, such as SUPER PAID. SUPER PAID combines the NFT marketplace and functionalities with PAID technology. This collaboration aims to launch Initial Decentralized Exchange Offerings (IDOs), accessible to both PAID and SuperFarm users.

How does the SuperFarm network ensure its security?

The SuperFarm network operates on the Ethereum network, meaning that SUPER is an ERC-20 token. The platform's security is ensured by Ethereum's Ethash algorithm, which relies on the Proof of Work consensus mechanism. Although SUPER tokens cannot be mined, the system is secured by Ethereum's network of ETH miners.

How to use SuperFarm?

SuperFarm offers the capability to release exclusive NFTs on its Drops platform, including in-game assets, and for NFT farming. Users can stake tokens to farm NFTs and earn points to acquire more NFTs. SuperFarm's future plans, as outlined in its roadmap, include enabling users to create, sell, buy, swap, and auction their own NFTs on the platform.

Additionally, SUPER can be traded on the cryptocurrency market, allowing users to potentially profit from fluctuations in its buying and selling prices.

How to choose a SuperFarm wallet?

The SuperFarm token, being an ERC-20 token, can be stored in any wallet compatible with Ethereum. This provides users with a wide array of options, with the choice typically depending on the amount of SUPER to be stored and the intended use.

For the utmost security, hardware wallets or cold wallets like Ledger or Trezor are recommended. They offer offline storage and backup, but may require more technical proficiency and come at a higher cost, making them more suitable for storing larger amounts of SUPER by experienced users.

On the other hand, software wallets present a free and user-friendly option. They can be downloaded as apps on smartphones or desktops, and can be custodial (where the service provider manages and backs up private keys) or non-custodial (where private keys are stored on the user's device). While convenient, software wallets are considered less secure than hardware wallets and may be better suited for smaller amounts of SUPER or less experienced users.

Online wallets or web wallets are also free and easy to use, accessible from various devices via a web browser. However, they are considered less secure as they are hot wallets, and users must trust the platform to manage their SUPER. It's advisable to choose a reputable service with a strong security track record. Online wallets are best for holding smaller amounts of cryptocurrencies or for frequent trading.

Kriptomat offers a secure storage solution for SUPER, allowing both storage and trading without hassle. Storing SUPER with Kriptomat ensures enterprise-grade security and user-friendly functionality, enabling quick buying, selling, or trading of SUPER for other cryptocurrencies.

SuperFarm staking

The SuperFarm token, being an ERC-20 token, can be stored in any wallet compatible with Ethereum. This provides users with a wide array of options, with the choice typically depending on the amount of SUPER to be stored and the intended use.

For the utmost security, hardware wallets or cold wallets like Ledger or Trezor are recommended. They offer offline storage and backup, but may require more technical proficiency and come at a higher cost, making them more suitable for storing larger amounts of SUPER by experienced users.

On the other hand, software wallets present a free and user-friendly option. They can be downloaded as apps on smartphones or desktops, and can be custodial (where the service provider manages and backs up private keys) or non-custodial (where private keys are stored on the user's device). While convenient, software wallets are considered less secure than hardware wallets and may be better suited for smaller amounts of SUPER or less experienced users.

Online wallets or web wallets are also free and easy to use, accessible from various devices via a web browser. However, they are considered less secure as they are hot wallets, and users must trust the platform to manage their SUPER. It's advisable to choose a reputable service with a strong security track record. Online wallets are best for holding smaller amounts of cryptocurrencies or for frequent trading.

Kriptomat offers a secure storage solution for SUPER, allowing both storage and trading without hassle. Storing SUPER with Kriptomat ensures enterprise-grade security and user-friendly functionality, enabling quick buying, selling, or trading of SUPER for other cryptocurrencies.