BlockFarms — is an automated market maker (AMM), and the exchange is at the heart of PancakeSwap. PancakeSwap is the leading AMM on the BNB smart chain and, according to statistics, the most popular decentralized exchange (DEX) ever.
DeFi project BLOCKFARMS
Blockify helps you to get the most out of crypto in three ways: trading, staking and farming. You can instantly exchange crypto tokens: registration or account are required. BlockFarms is powered by BNB Smart Chain, a blockchain with much lower transaction costs than Ethereum or Bitcoin.
Main advantages:
| 1. | Unlike centralized exchanges like Binance or Coinbase, BlockFarms does not hold your funds when you trade: you own your cryptocurrency in full. |
| 2. | Earn tokens with Staking Pools. Bet BLFI and earn free tokens. |
| 3. | The trading fees are also lower than other leading decentralized exchanges, so this is a double benefit for you. |
You can only trade tokens on BlockFarms if there is sufficient liquidity for those tokens. If no one has added a lot of liquidity to the token or tokens you want to trade, it will be difficult, expensive or impossible to do so.
Yield Farming allows users who provide liquidity to earn BLFI rewards by locking their LP tokens in a smart contract. The incentive - to balance the risk of intermittent losses, associated with locking in your liquidity.
How is the work carried out?
To get started with Block Farms, the first thing you need to do - set up a wallet that supports BNB Smart Chain (BSC). Wallets are available on both desktop computers and smartphones. You will need to choose the wallet that best suits your needs.
You will also need the BEP20 version of any token you wish to trade, stake, etc. When you have created a wallet and received your BEP20 tokens, you just need to connect your wallet to BlockFarms and you are done.