On July 14th 2021, our community had a chance to welcome FarmHero – is a novel protocol that mixes NFT, gaming and DEFI concepts.
This AMA was held by CryptoFamily Group – the top crypto community in Vietnam, where investors and traders can obtain the lastest news and signals from bot/ admins, as well as discuss and share investment experiences in the crypto space.
At this AMA, the FarmHero directly greeted the community and provided detailed information as well as some key products and future plans.
Time: 09:00 PM (UTC + 7) on Wednesday, July 14th, 2021
Venue: https://t.me/CryptoFamilyGroup
Airdrop 200 USDT for the best questions in the AMA
Question for Part 1- Project overview
Question 1: Could you briefly describe what is FarmHero and its ecosystem? Tell me some advanced features that differentiate FarmHero from other DeFi protocols.
FarmHero:FarmHero is a mix of all popular crypto trends! At Farmhero you can find:
Yield Farming and stacking, Cute NFTs with a possibility of getting a passive income by stacking (and som extra cool features in the future), Community Games, helping us to constantly burn our tokens and reward the community with cool prizes, and two new internal projects launched recently, a Zenny algorythmic stablecoin as well as IHO platform (Initial Honor Offering).
FarmHero is quite unique, because you can't find no other procts combining so many features in one single project!
Specially the Polygon side, where we have launched our $HONOR token a couple of weeks ago!
The core for the grow right now will be our 2 last products, I call your attentiuon for the ZENY stablecoin and our IHO platform! We have many exciting news to share about IHOs, and I have to say that, the launch is coming very very soon, with some great surprises for our community
Question 2: Please share with us the mission and vision of FarmHero in the near future.
FarmHero: Our mission is the core of our idea, create a project that can offer an extended variety of features, providing the best and universal solution for our community!
Our users can earn and benefit in different ways, depending on what they prefer and the risk they want to take, some will do Farming, others will play woth our NFTs, others will enjoy the community Games... Now it will be also possible to stake some funds at our farm and get a share of new project' offerings!
So, you stake tokens at our farm (and I have to say that we removed entry fee), get HONOR or HERO tokens as reward, and just use those tokens on platform for profit!
That's the resumed mission and vision of the project!
It is hard to explain all our features in details just during one AMA sessions... our team has over 20 core team members working 6-7 days a week to develop a great product!
We have 3 community games, Loot Box (something under development and to be released soon), you can actually check our NFTs: https://polygon.farmhero.io/lootbox
We have NFT stacking with a possibility to have special items and upgrades
We have a ZENY stablecoin which will reward our community!
We have IHO to be launched like really soon! And we will host new projects at FarmHero, providing our community with possibility to participate!
Really a lot of tihngs! THe best would be for you to check our platform and join our channels, so our team can assist you!
Our price is growing fast now, with the latest two projects, ZENY stablecoin and IHO platform... and you know what? it is only the beginning for the great success!
Question 3: I see FarmHero has started some promotional campaigns in Vietnamese market. Are there any upcoming plans or hot events to attract more Vietnamese users recently?
FarmHero: Strong community is a core for any successful project, and we at Farmhero believe that Vietnam has many great crypto users who really enjoy what we are doing right now! YieldFarming, NFTs, Games, IHOs, Loot Box, ...
Since we are very flex and dymanic, we have certainly many surprises for our community, and yes community form Vietnam, I won't leak anything for now, just invite you to join our Vietnamese community channel and stay tuned for updates: https://t.me/FarmHeroVN
We do many events and airdrops, so I believe the most active users will get something reat for us over time!
Questions for Part 2 - Pre-collected questions from Twitter:
Question 1: Farming and staking seem to be among the most favorite features in the crypto space, but as an investor, safety is always the biggest concern. What kind of security protection do you provide for the FarmHero users? How do you plan to ensure the safety of customer assets? @MeagerOphelia
FarmHero:At FarmHero we do really care about the safety of our clients (community) funds!
For that, since the very beginning we have started the Audit with the best firm on crypto space - Certik, I will leave a post for you to check
and it's not everything! We have also enabled Skynet feature from Certik, providing some extra security
and we have our contracts under 48h timelock!
https://twitter.com/FarmHeroIO/status/1402927689661521922
Also, to guarantee some extra layer of security, our team has initiated a second audit with a very reputable company — PeckShield — which results will be public very soon (a matter of week)
Question 2: What do you think about the explosion of NFT, gaming & DeFi adoption, which has generated such great interest in the crypto world? How does FarmHero take advantage of this reality and how will it overcome the current obstacles in the industry to gain more popularity? @teddy081196
FarmHero: This explosion was the cause of FarmHero appearance! Our team analyzed the current market trends and decided to mix all the features in one single project!
Our team is working hard and investing a lot of effors in order to launch the Loot Box feature with our super cute NFT cards!
(I do really invite everyone to check them at our website, I personally just love them!! ❤️
https://polygon.farmhero.io/lootbox )
Also we are working on exploring the gamification of our partners, and our community can see how we integrate our partner's coins into the Roll Game!
I guess, we are just taking any opportunity to expand and use all the possibilites to grow!
Question 3: Despite HERO being a Token to generate passive income, how much would you estimate of the APR could be following your roadmap and in the case you have a good liquidity fund? I want know the long-term benefits while investing in FarmHero, as well as level of development & adoption in this pandemic. @Lidiamga
FarmHero: It is very hard to estimate the APR, still our team, I have to say, is extremelly dynamic! The IHO platform feature we have planned for the end of 2021 is being launched just right now! So everything is possible! After all — market decides — but at least, from our end, we do everything we can to make sure this project will become a great success, providing our users with good APR and high rewards!
The long-term benefits, always depends on the risk you are ready to take... but, at the moment we have 4000% APR, which is quite good, don't you think?
Question 4: Could you explain bit more about your Gaming system. On reviewing I came across:
1. AUCTION GAME
2. FOMO GAME
3. ROLL GAME
Please provide a brief idea on how these works. Who all are eligible to play these games? What are the benefits users will receive on playing them? @Aravind75154890
FarmHero: I will be very brief, because there are many details
Auction Game — https://polygon.farmhero.io/auction
You need to place the highest bid before timer end to win the prize amount. Any deposited tokens are burnt forever.
Fomo Game — https://polygon.farmhero.io/FOMO
People need to get KEY token with $HONOR / $HERO, and this is the adapted game from classic FOMO3D, where you place bet, and increase the timed a bit, after the timer end, the prize is distributed the next way:
- 30% goes to the latest user placing bid
- 50% goes to all participants depending on how many KEY they invested
- 20% used to start a new round
🔥 this game has one very interesting feature it is also providing passive income
since there's only 1 million KEY, when you invest them into Fomo Game, 50% are burnt, meaning there's less and less supply and it increased the KEY price
another 50% goes to all previous participants, depending on invested KEY amount
for more information, I really invite you to join our telegram channel: https://t.me/FarmHeroVN
and read documentation: https://polygon-docs.farmhero.io/
Roll Game — https://polygon.farmhero.io/roll
you deposit a coin, and roll "Dice" to generate random number, 5 highest numbers split the pot!
p.s: this is the most popular game among our community, and we have integrated several partners into this game
Question 5: DEGO, TREASURELAND, Dappradar, Certik and ApeSwap are your latest partners. Am wondering why so many partners within a short time frame? Are there some special upgrade and solutions this partners tend to bring to FarmHero? @Greyhair_08
FarmHero:The reason is that we are super dynamic and we look for grow and expansion! So we build as much as possible new relationships providing more exposure for our project and more new members!
At our website you can check the list of our partners, with very big names like Chainlink, or Binance Smart Chain (we are BMVII participants)
we have more ongoing negotiations, and more projects to join our squad, so stay tuned!
PART 3: BEST LIVE QUESTIONS CRYPTOFAMILY GROUP
Question 1:Token burning is beneficial to any project because it can control the number of tokens in circulation and provide investors with greater incentives. Does your great project have a plan for token burning?
FarmHero:The like token burning, and we invest a lot of effors on burning as much tokens as possible!
All our internal features, are focused on token locking and burning to support the price!
For example, every time you deposit or use HONOR | HERO tokens to play our games, they are burnt! Now you can ask, how do we fill our games with money? — the answer is simple, we use the staked LP tokens to stake them on other farm like QuickSwap and PancakeSwap, and use the reward to fill games with funds.
Also our team is conducting buybacks regularly! The last honor buyback was 500k HONOR and 50k$ size!
https://twitter.com/FarmHeroIO/status/1413428837145190400
Question 2:🪐 How the demand of your token will increase in the future? or what steps would you take to increase the demand?
FarmHero:Our team is working on expanding with new partnerships and products, besides everything that I have said previously, I can mention that with IHOs (Initial Honor Offering) we will start to accept new crypto startups, with own marketing team and marketing funds, giving us extra exposure this way!
Question 3:As a very young and new project, how can you convince crypto users that your project is a project with lots of potentials and what competitive, unique or advantage features do you have that will attract investors from your users?
FarmHero:As I have said, our team has never collected any funds from private or public investors!
Everything you can see was made with our own funds and efforts! Our team is the main interested part of community on the project success!
And I believe that, based on our activity, and all the security measures taken, we can clearly proove that we are safe, and we do our best to make this project a great success!
Question 4:Do you have any big promotion going on or any event? What are your roadmap plans for upcoming events?
FarmHero:I can mention the latest even with TokenPocket, where we are giving 100 Community NFTs for FREE! To participate you can follow this link: https://twitter.com/FarmHeroIO/status/1413439862791761927
Still, we are very flex and dynamic, so expect more great partnerships and events soon!
Question 5:Q - Who is your competitive at present time? How to come first position in all them?
FarmHero:We have no direct competitors, because you can't find a project like us, combining so many unique features like us, and I have to say that, with our rythm of work it will be hard to find project capable to compete with us! 😃
For all of the questions that have not been answered yet, guys feel free to search for more information or ask directly to them on the links provided below:
-Website: https://www.farmhero.io/
- Twitter: https://twitter.com/FarmHeroIO
- Telegram: https://t.me/farmheroIO
- Telegram VN: https://t.me/FarmHeroVN
