What is SuperFarm (SUPER)?
SuperFarm is a blockchain-based decentralized ecosystem that enables users to create, deploy, develop, and farm NFTs. It offers cross-chain farming of non-fungible tokens, making NFT farming and NFTs in general more accessible and available to the average user. The main idea behind the project is to enable the easy and user-friendly creation and development of NFTs and NFT farms.
The idea is to promote utility as well, as SuperFarm offers a cross-chain environment for NFT farming as well as an NFT market where users can trade their non-fungible tokens and develop a unique token economy. SuperFarm offers access to multiple blockchain environments while providing a unique toolset for setting up NFT farms and creating NFTs. The interface and commands are so simple that even people who don’t know how to code can easily set up their own NFT farm, create and trade NFTs, and farm NFTs created by other users.
SuperFarm provides utility for NFTs by helping users turn their products into NFTs, while they can also create new markets for their products. Users who create their own farms can create their own set of rules to make the process automated. SuperFarm allows users to directly purchase NFTs with other cryptocurrencies, while users can also redeem points for farming NFTs and use these points to buy other NFTs.
How Does SuperFarm Work?
SuperFarm allows users to create, deploy, use, trade, and farm NFTs through unique NFT markets and NFT farms. The system is still in the first stage of development of the three defined stages displayed within the official SuperFarm roadmap. The system is composed of state-of-the-art decentralized applications that provide access to the DeFi and NFT services on the network.
Users can access the NFT Launchpad and NFT Farming, while the dev team is working on NFT Generation, NFT Marketplace, and NFT Trading. Each of these applications has a different utility that contributes to the general functionality and utility of the network. Users can launch limited NFTs that are unique and rare through the Drops platform. This function is extremely handy for gamers and game developers who would like to monetize special in-game items.
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Users can also earn different non-fungible tokens by staking other tokens on SuperFarm, which is defined as NFT farming. Farmers collect points that they can later use to purchase NFTs. SuperFarm is a relatively new project, launched in 2021, with upcoming apps for NFT generation, marketplace, and trading. With the future updates, users will be able to create digital assets and browse, trade, auction, and swap NFTs within the system.
Who Are the Founders of SuperFarm? (History of SuperFarm)
SuperFarm launched in 2021 and was developed and created by Elliot Wainman. Wainman is also known as EllioTrades to his YouTube followers and other crypto enthusiasts who appreciate Elliot’s work. He is a well-known cryptocurrency trader, content creator, and social media influencer with a focus on YouTube and Twitter.
Elliot Wainman compiled a team of developers to create SuperFarm, with Timothy Clancy as the lead developer. Clancy has a background as a developer and co-founder of a VR training company. SuperFarm is yet to develop as a full-scale project and will add more functionalities like trading NFTs.
What Makes SuperFarm Unique?
SuperFarm aims to create a unique ecosystem for NFTs with a great number of functionalities within a single environment, providing accessibility to NFT markets and tools. The main goal behind the project is to enable users who are not experienced with coding to easily create their own digital value in the form of non-fungible tokens.
Another thing that makes SuperFarm a unique project in the sector of DeFi is that it provides simplified interactions with NFTs and NFT holders as users will be able to easily swap their NFTs with other NFT holders, as well as buy, sell, farm, and earn NFTs. All these functionalities revolve around a unique ecosystem that is specifically designed to make non-fungible tokens more desirable assets in the long run.
As the project continues to develop, SuperFarm could become the number one go-to place for NFTs.
What Gives SuperFarm Value?
The intrinsic value of SuperFarm is defined through its technical capacity, technology, developments, and use cases. The technical value of SuperFarm is supported by user-friendly tools and functionalities for the creation, deployment, and farming of NFTs. The project is as valuable as its utility, which can often be expressed through trading volumes.
The intrinsic value of crypto projects rarely coincides with the market value of related cryptocurrencies, in this case, SUPER. SUPER is subject to frequent changes in the market, which is why the market value of SUPER can rise and dip dramatically within a relatively short period. The overall value of the project, both its intrinsic and market value, may rise over time with new developments.
How Many SuperFarm (SUPER) Coins Are There in Circulation?
There are currently SUPER in circulation out of a total of SUPER. SuperFarm has a limited supply, much like Bitcoin, that acts as an anti-inflation mechanism to prevent devaluation and means that no new SUPER coins should be minted once the total supply is exhausted.
The number of SUPER coins in circulation multiplied by the current price of SuperFarm equals the market cap. The market cap changes with the changing number of coins in circulation and with the varying price. The market cap also defines the rank of SuperFarm in comparison with other cryptocurrencies and determines its market share and dominance.
Other Technical Data
The SuperFarm network that hosts NFTs, tools, and functionalities is known as the SUPERVERSE. The SUPERVERSE combines three aspects of the project, AAA games, the NFT ecosystem, and partners. AAA games will include NFT functionalities and will be the first focus of the project as in-game assets are often the most popular and most unique NFTs.
Partnerships, like the one with PAID Network, help SuperFarm forge and facilitate new functionalities, like SUPER PAID. SUPER PAID is a platform that combines the NFT marketplace and functionalities with PAID technology. The two projects combined will serve the purpose of creating initial decentralised exchange offerings), or IDOs, which should be available for PAID and SuperFarm users alike.
How is the SuperFarm Network Secured?
SuperFarm network is hosted on the Ethereum network, which makes SUPER an ERC-20 token. The platform is secured through Ethereum’s algorithm, Ethash, which is based on the Proof of Work consensus mechanism. SUPER tokens are not mineable, but the system is secured through the network of ETH miners.
How to Use SuperFarm
SuperFarm can be used for launching limited edition NFTs on the Drops platform, which includes in-game items, and for NFT farming. Users can stake tokens and farm NFTs in return for points that can be used to buy more NFTs. In the future, and according to the SuperFarm roadmap, users will be able to create their own NFTs, and sell, buy, swap, and auction them on the network.
SUPER can also be traded in the cryptocurrency market for a profit based on the difference between the buying and selling prices.
How to Choose a SuperFarm Wallet?
The SuperFarm token is an ERC-20 token, which means that SUPER can be stored in any wallet that supports Ethereum. This means there are plenty of options and the type of wallet you choose will likely depend on how much you need to store and what you intend to do with it.
Hardware wallets or cold wallets like Ledger or Trezor provide the most secure option for storing cryptocurrencies with offline storage and backup. However, they can require more technical knowledge and are a more expensive option. As such, they may be better suited to storing larger amounts of SUPER for more experienced users.
Software wallets provide another option and are free and easy to use. They are available to download as smartphone or desktop apps and can be custodial or non-custodial. With custodial wallets, the private keys are managed and backed up on your behalf by the service provider. Non-custodial wallets make use of secure elements on your device to store the private keys. While convenient, they are seen as less secure than hardware wallets and may be better suited to smaller amounts of SUPER or more novice users.
Online wallets or web wallets are also free and easy to use, and accessible from multiple devices using a web browser. They are, however, considered hot wallets and can be less secure than hardware or software alternatives. As you are likely trusting the platform to manage your SUPER, you should select a reputable service with a track record in security and custody. As such, they are most suited for holding smaller amounts of cryptocurrencies or for those making more frequent trades.
Kriptomat offers a secure storage solution, allowing you to both store and trade your SUPER tokens without hassle. Storing your SUPER with Kriptomat provides you with enterprise-grade security and user-friendly functionality.
Buying and selling SUPER, or trading it for any other cryptocurrency, is done in mere moments when you choose our secure platform as your storage solution.
SuperFarm is not a mineable coin as validation on the network doesn’t depend on the network of miners. On the other hand, Ethereum secures SuperFarm with Ethash which is run by the Proof of Work consensus mechanism. Ethereum is currently in transition to a more cost-efficient protocol, Proof of Stake, which should facilitate more effective scaling on the network.
SuperFarm allows the staking of SUPER to participate in NFT farming, where users can earn points as rewards.
SuperFarm is making NFTs more accessible to the average user in time when non-fungible tokens are becoming well established as tokenized versions of real-life value. NFTs can represent any type of value, from art to metals to financial derivatives and in-game assets. SuperFarm also directly popularizes the use of NFTs by providing a user-friendly interface and simple functions to allow anyone to get involved with the market of NFTs.
As SuperFarm develops further to reach the more advanced stages described in the project’s roadmap, the network should become an all-encompassing ecosystem for NFT-related services, tools, and apps.
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Which games will be part of the SUPERVERSE?
The SUPERVERSE will contain interoperable games powered by NFTs. SuperFarm will initially concentrate on providing three core AAA video games. These will consist of a social deduction game called Imposters which will be similar to Among Us, an Overwatch-style team arena combat game, and an autobattler card-based game in the same vein as Hearthstone Battlegrounds.
What are GEMS?
When NFT farming, users can stake their SUPER in order to accumulate points called GEMS on a block-by-block basis. GEMS can be used to acquire SuperFarm Genesis Series NFTs, which vary in rarity and provide their holders with access to future drops, farming multipliers, airdrops, and next generation video game items. GEMS will also have additional utilities in the future.
How to buy SuperFarm?
Buying SUPER is as easy as visiting Kriptomat’s how to buy SuperFarm page and choosing your preferred method of payment.
How to sell SuperFarm?
If you already own SUPER and hold it in a Kriptomat exchange wallet, you can easily sell it by navigating the interface and choosing your desired payment option.
SuperFarm price is in constant flux and is subject to frequent and radical changes, mostly due to the volatility that is a characteristic of the cryptocurrency market. That is why the price of SUPER can quickly go up or plummet within a relatively short period.
As well as traditional factors such as market sentiment, the flow of assets on exchanges, and the economy in general, the price of SUPER is also influenced by the amount of tokens being staked and the popularity of the NFT sector.
The current SuperFarm price is EUR.
The 24-hour trading volume of SUPER is EUR. SUPER is currently ranked of all cryptocurrencies by total market capitalization, with a market cap of EUR. It has a circulating supply of SUPER and a max supply of SUPER.
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