Earning Cryptos With Cross Chain Farming (CCF)

Among the many new players active in the blockchain sector, today we will discuss one specialized in yield farming. Cross Chain Farming is a new project that a group of crypto experts and enthusiasts launched to solve some issues in the sector.

We have tried this network, and we will provide an impartial review of its functioning within the article. The project was born in Q4 2021 and foresees an important development phase in 2023. For this reason, any information reported in this review could change in the coming months.

What is a Cross-Chain? 

Before going into the detailed operation of this operator, we believe it is crucial to make a premise. To better understand the content of our review, every reader must know what a cross-chain is and how it works.

For years the blockchain sector has functioned exclusively with a series of independent chains. Each network represented a closed world, and what happened on one chain had no effect on the others.

Different blockchains have varying characteristics. The main limitation of this difference is the possibility of transferring tokens from one chain to another. Cross-chain technology allows sending tokens other than native ones to a blockchain.

This very technical invention offers exciting possibilities even to small traders in the world of cryptocurrencies. Having better understood how this technology works, we can better analyze Cross Chain Farming.

How does Cross Chain Farming work? 

Cross Chain Farming is a DAO aiming at providing its services following these principles:

  • Full audit: Cross Chain Farming was audited by HashEx. By Q2 2023, the DAO aims at providing its own audit service (both on-chain and off-chain)
  • Deflationary mechanism: a deflationary device aims to preserve the DAO’s native token value. For each transaction on the chain, the platform takes a part of the fee and burns it.
  • Farming-as-a-service (FaaS): yield farming is a popular way to invest in cryptos. However, this technique generally requires complex strategies that investors cannot always afford to design and maintain. The DAO proposes to take care of this aspect on behalf of its traders.

What happens during a transaction?

Any CCF transaction through PancakeSwap leads to the application of a 12% tax, broken down as follows: 

  • Deflationary tokenomics: 2% of the transaction is burned, while 1% is sent back to the liquidity pool
  • Passive income for holders: 3% of tokens serve as coin reflections for passive holders on the chain
  • Buybacks support price & liquidity: 3% of the transaction go to the DAO for farming and asset management
  • Marketing: finally, to promote this new platform, 3% of the fee is dedicated to marketing and growth operations

The DAO refers to this tokenomic structure as the rule. This rule applies both to purchases and sales on the network. 

How Cross-Chain Farming aims to Build its Success

The system architecture designed by the DAO aims at solving several well-known issues in the sector. The DeFi 3.0 world is quickly proposing and testing new ways to tackle problems such as: 

  • Avoiding new scammer coins: every once in a while, we read about stories of new coins being born only to be suddenly erased. The DAO tackles the “rug pull” practice by freezing of all new liquidity tokens until 2025
  • Fighting doxing: developers can have access to sensitive data from clients. Cross Chain Farming claims to have a transparent and anti-doxing professional team of experts
  • Preventing coin inflation: to preserve the stability of the chain, a part of coins is recursively burned after each transaction
  • Helping passive holders: another portion of the transactions is turned into coin reflections going to passive holding traders.

Final Thoughts

DeFi 3.0 is still a new world for many investors, filled with technicalities that no one could imagine before blockchains came around. Just like with the Internet years ago, we are still trying to understand the potential of blockchain technology.

It is interesting to observe the growth in the seriousness with which blockchain networks deal with financial security issues. Rug pull and doxing are just some of the reasons that, for now, are preventing the industry from attracting a certain type of audience.

Cross Chain Farming takes an essential step in this direction. Furthermore, the innovative approach of the portal in terms of security and transparency is impressive, with the expectation to lead the way in the whole industry.

Cross Chain Farming live price
Cross Chain Farming
price change

Although the project is just born and still far from its completion, its potential appears attractive. The market is likely to register an increasing number of players of this type. Therefore, it should have a positive competitive effect for traders.

Disclosure: This is a sponsored post. Readers are encouraged to conduct further research before taking any action. Furthermore, Crypto Adventure does not endorse any crypto projects cryptocurrencies listed, mentioned, or linked to on our site. Trading cryptocurencies is a highly risky activity that can lead to major losses. You should consult your financial advisor before making any decision. Learn More

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