What is SuperFarm?
The SuperFarm token, or SUPER, is a utility token native to SuperFarm - a cross-chain platform that enables the creation of NFT farms. It’s deployed on the Ethereum network.
SUPER tokens were first launched by utilizing an Initial Dex Offering (IDO). It was hosted on Polkastarterplatform.
SuperFarm tokens have more than one use case. It serves as a medium of exchange on the SuperFarm platform. This means it can be used to make purchases on the platform. Besides that, SUPER is used to cover the transaction fees.
There are 2 types of staking on SuperFarm: staking SUPER tokens to earn crypto rewards in the form of SUPER, or staking SUPER tokens to earn NFTs.
Additionally, SUPER also serves as a governance token. This means that SUPER holders can vote on proposals that have the power to change the future of the project.
There is a max cap of 1,000,000,000 SUPER tokens. They have been distributed as follows:
- 25% - Staking;
- 15% - P2 Strategic;
- 10% - P3 Lottery;
- 10% - Ecosystem;
- 10% - Development;
- 10% - Co-founders and Advisors;
- 9% - P1;
- 5% - Seed;
- 5% - NFT Drops;
- 1% - Liquidity Pool.
Since SUPER is a cryptocurrency, it tends to be high in volatility. To help you keep up with the fluctuations, we invite you to check the SUPER price history, or the current SuperFarm price, on the graph above.
What are the Main Features of SuperFarm?
SuperFarm is an NFT marketplace that offers a variety of services including NFT farming, NFT generation, and a customizable marketplace.
As discussed in the What is SuperFarm section, SuperFarm allows users to create their own NFT farms powered by their own tokens. This is where they can deploy tokens and NFTs.
One of the most important aspects of NFT farms on SuperFarm is that NFT farm owners can set their own rules and parameters.
Furthermore, SuperFarm enables the creation of ERC-20 tokens and NFTs. It also allows users to link their NFTs to games. The SuperFarm crypto project aims to serve as a bridge between the world of gaming and the world of crypto.
Most importantly, no technical knowledge is required to launch a custom NFT farm or a token.
In addition to selling NFTs, users can buy, trade, and farm NFTs.
Who Developed SuperFarm?
The SuperFarm crypto project was launched in 2021 by Super Studios Inc. It’s a blockchain-based gaming company co-founded by entrepreneur Elliot Wainman who currently serves as the CEO of Super Studios.
The team behind Super Studios has released a Play-to-Earn gaming platform, Impostors, and is currently working on an NFT marketplace, Gigamart.
Elliot Wainman holds a bachelor of arts from the University of California. Prior to co-founding Super Studios, he worked at Kennedy Wilson, Fonda & Fraser LLC, and Tictoklabs Inc. He also has a YouTube channel called EllioTrades Crypto where he posts videos about all things crypto.
During its first private round, SuperFarm managed to raise around 1,100,000 US Dollars. It was backed by Bitcoin.com, GBV Capital, Animoca Brands, Spark Digital Capital, and Solidity Ventures.
Don't forget to check the SUPER price via the graph above before making purchase decisions.