Hey guys! Happy to connect today and learn more about the CROP Finance project. Can you tell us more about the founding of CROP Finance and what the problem is that you were addressing?
CROP Finance was founded as we ourselves were trying to navigate the muddy waters of the DeFi space. We lost large amounts of money on fees and found it difficult in general to understand the DeFi space and how to reap the benefits of this fast-growing segment.
We quickly understood that most of the DeFi community finds this space challenging and that’s how CROP Finance was born. We want to make a platform that makes the DeFi space understandable and accessible for everyone.
CROP Finance was built by following our detailed research into recent yield farming platforms available in the market. Our team has been actively involved in the blockchain space, and it’s always surprising to see how creative the landscape keeps getting.
We noticed the lack of transparency, user-friendly platforms, and the ability for a low- medium income user to participate to earn high rewards. That’s why we started CROP Finance.
Could you please give us a rundown of the most important things about CROP Finance?
To minimize smart contract risk and yield uncertainty, a diverse portfolio of yield farming strategies is used.
Risk-adjusted yield is optimized by automatic portfolio rebalancing.
When opposed to individual manual yield farming, there is a 99% gas savings on rebalance payments.
With a single deposit onto our automated platform, we keep you on top of all the changes within the yield farming strategies, throughout the DeFi industry.
Our application is blockchain-agnostic, achieved by utilizing cross-chain bridges, oracles, and other similar technologies.
So going forth into 2021 and beyond, how will CROP Finance make an impact in the crypto space, or on the world?
By adding innovation and security to our users and helping them with risk management. Cryptocurrencies and DeFi are here to stay, and we will do our best to be a leading platform in this movement. We are building a platform that will simplify yield farming, that will make it easy for almost everyone to tap into the DeFi space.
Now, could you tell us about CROP Finance accomplishments so far, and in the history of the project, please tell us what you are most proud of. What makes CROP Finance unique compared to the other Yield Farming platforms?
We have been overwhelmed by the feedback and support of some big names in the crypto space. Early in the project, we got a lot of help from Ali Ömer Horzum, founder and CEO at TokenSuite. And from there we now have AU21 Capital as one of our early backers and we also have Steve Good as an advisor. So to answer your question, what we are most proud of is the team and early backers we have managed to assemble.
What makes CROP Finance unique? CROP Finance is the first of its kind community-owned, automated, cross-chain, liquidity management, risk-reducing, yield farming platform. We have been working hard on the development of our platform, and so far, we have completed the smart contract for the CROP token, the liquidity mining program, and the LP/staking program. We are two months ahead of schedule with the development of our platform.
The safety of the users of our platform is our top priority, and we have therefore engaged with Solidity Finance to carry out the audit of our smart contracts. They are a third-party auditing firm that specializes in auditing smart-contracts. The audit started with a line-by-line code review of all the smart contracts by experienced Solidity code developers. The code review ensures that the logic behind each function used in CROP Finance liquidity mining is sound and that the smart contracts are safe from all common attack vectors.
The next stage of the audit included a simulation of hundreds of thousands of interactions with our smart contracts on a test blockchain to uncover security vulnerabilities. This testing uses a combination of manual and automated tools.
In the final part of the audit process, the Solidity Finance auditors usually provide feedback on any security vulnerabilities uncovered. In our case, the auditors did not find any external threats or other security vulnerabilities.
Now, give us a quick rundown of the future of CROP Finance. For example, what new things are you seeking to bring to life and what will it mean for the overall project?
Our public sale will take place on one of the most reputable IDO platforms out there, ZeeDO and we are doing our pre-IDO on equally reputable Genshards. This is so that we can have a fair public sale and to build more awareness.
We will soon launch our liquidity mining program for liquidity providers to earn CROP tokens by depositing their stablecoins on the CROP platform.
Our developers are currently focused on our cross-chain yield farming platform, and they are also diving into scaling and layer two solutions
Tell us about your team. Who are the people behind the screens?
Our team consists of a core team from Norway and a dedicated DEV team in Turkey, alongside some top advisors with heavy connections in the blockchain space from various countries.
Which partnerships have CROP Finance engaged so far, and which ones are the most impactful?
As of today, we’ve partnered with some of the biggest names in the space.
Our official partners are:
Zeroswap, Genshards, Au21capital, Tokensuite, X21 Digital, Momentum6, Genblock, BullishUnicorn Ventures, and Royale Finance.
We think all of our partners make a huge impact on our project, and we are both honored and excited to work with them.
Now on a more technical side of things, what are the coin metrics for the CROP Token, and how do these lead to a stable and balanced system?
Type Tokens %
Seed 30,000,000 — 6%
Private sale 40,000,000 — 8%
Public sale 7,500,000 — 1.5%
Staking/LM/Yield Farming Rewards 300,000,000 — 60%
Initial DEX Liquidity CROP 7,500,000 — 1.5%
Initial DEX Liquidity $300,000 BNB/ETH
Development/Company treasury 60,250,000 — 12.05%
Team and advisors 54,750,000 — 10.95%
20% of CROP liquidity mining rewards will be released immediately per block mined, and the remaining 80% of CROP liquidity mining rewards will be vested for six months per block mined.
Vesting incentives prevents those only trying to sell tokens, leaving more rewards for those who believe in CROP Finance’s long-term vision.
If people would like to follow you on your social media pages, visit your website or read your important documents like your white paper, what are the links they need to visit? Please list them below.
Website : https://cropfinance.io/
Twitter : https://twitter.com/crop_finance
Telegram : https://t.me/cropfi
Thank you so much for your time! Anything else you want to add?
We thank you for your time and join our Telegram group to receive future announcements and updates in regards to CROP Finance.
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