AUTO is the native governance token for AutoFarm, a cross-chain decentralised finance (DeFi) yield farming aggregator. The AutoFarm platform was launched in December 2020 on the Binance Smart Chain (BSC) by a team of anonymous developers committed to optimizing DeFi strategies. AUTO empowers token holders to propose and vote on platform upgrades, making it a critical element in the ecosystem's decision-making process. With a max supply capped at 80,000 tokens, AUTO stands out for its deflationary nature, as no new tokens will be minted, potentially enhancing value through scarcity. The platform automates yield farming, allowing users to earn compound interest on their crypto assets without the need for manual intervention, thus saving time and optimizing returns.
AUTO is the native governance token for AutoFarm, a cross-chain decentralised finance (DeFi) yield farming aggregator. The AutoFarm platform was launched in December 2020 on the Binance Smart Chain (BSC) by a team of anonymous developers committed to optimizing DeFi strategies. AUTO empowers token holders to propose and vote on platform upgrades, making it a critical element in the ecosystem's decision-making process. With a max supply capped at 80,000 tokens, AUTO stands out for its deflationary nature, as no new tokens will be minted, potentially enhancing value through scarcity. The platform automates yield farming, allowing users to earn compound interest on their crypto assets without the need for manual intervention, thus saving time and optimizing returns.