What is Auto (AUTO) Coin
AUTO is the native utility and governance token to the Autofarm protocol, which launched in late December 2020 on the Binance Smart Chain (BSC). Autofarm is a cross-chain yield aggregator that enables users to get a high return on their assets from yield farming pools by staking in Autofarm vaults.
Autofarm aims to be a leading DEX and yield aggregator on the Binance Smart Chain (BSC) by incorporating yield optimization and AMM aggregation as a single product: this allows users to have two products within a single platform, solving the problem of registering on multiple protocols.
Autofarm launched its first cross-chain vault on the Huobi ECO Chain in February 2021. Autofarm expanded its ecosystem in March 2021 by acquiring Farmfol.io an intelligent portfolio manager designed to simplify how users monitor and track their assets on Binance Smart Chain.
The AUTO token can be used for proposals voting and will receive fees earned from the protocol. AUTO initiated a community-fair-launched token distribution by ensuring that only vault users will have an opportunity to participate in the AUTO token vault mining programme.
- Auto is a yield farming & DEX aggregator running on Binance Smart Chain. It was designed with the purpose of optimizing DeFi users’ yields across various dApps in the DeFi space.
- The project consists of the following major components working in conjunction:
- AutoFarm Vaults: AutoFarm Vaults is a yield optimizer platform focused on providing DeFi users with auto-compounded yields at empirical optimal intervals, whilst pooling gas costs through smart contracts and yield optimization strategies.
- AutoSwap: AutoSwap is a DEX aggregator that gets users the best prices from their DEX trades. AutoSwap splits trades across multiple DEXes to ensure the best prices and lowest slippage possible.
- AUTO is Auto’s BEP-20 native utility token and is used in the following functions:
- Governance: AUTO token holders can participate in network governance decisions.
- Platform Fees: A portion of the profits from each earn() event will be used to buy back AUTO tokens to be burnt.
- Staking Rewards: Users can earn rewards by staking AUTO tokens.
- As at April 2nd 2021, the max supply of AUTO is 80,000 and the current circulating supply is 25,739.
How To Buy Auto (AUTO) Coin
1.Step: Everyone who is planning to invest in or benefit from the advantages of cryptocurrencies wonders the answer to Where to buy Auto coin question. First, you need an online wallet to buy cryptocurrencies. You need to sign up to Binance exchange from here, which is preferred globally to buy coins and you can buy coins with fiat currencies. You can quickly access many assets and trade types such as altcoins, future markets, and margin by creating a Binance account.
2.Step: Complete your registration by typing an email to the email section or typing your phone number on the section available on the mobile tab. Click/tap on the “Buy Crypto with Your Credit Card” option after the registration and verify your identity.
3.Step: Continue the process by typing the amount you would like to invest and your preferred cryptocurrency. Keep in mind that for security reasons, your credit card/debit cardholder information must match with the name available on your account. If you would like to buy cryptocurrencies with a wire transfer, you need to follow the Buy Crypto > Third-Party Payment options to pick your preferred fiat currency to buy cryptocurrencies.
4.Step: If the cryptocurrency you are planning to buy is not available on the list, buy USDT “You can always redeem 1 USDT Coin for US $1.00”. You can buy any coin you want with USDT by following Buy-Sell > Classic steps. We have provided the answer to How to buy Auto coin, now you can view the cryptocurrencies you bought by clicking on the wallet summary available on your Binance account. You can sell your assets when their value increases, or you can withdraw them to your bank account in desired fiat currency.
How Much is a Auto (AUTO) Coin
Auto (AUTO) coin prices are updated instantly in USD, Euro, Sterling currencies in the following table.
Auto (AUTO) Coin Review
You can learn more about Auto (AUTO) coin reviews and information on cryptocurrencies by visiting their official page available in the following.
Website https://autofarm.network/ Github https://github.com/autofarmnetwork Medium https://medium.com/autofarm-network Documentation https://autofarm.gitbook.io/autofarm-network/ Telegram https://t.me/autofarm_network Discord https://discord.gg/bJ9ZsypQzv