What Is Farmer Doge (CROP)?
Farmer Doge (CROP) is a multi-currency reward token enabling users to farm any cryptocurrency via Binance Smart Chain (BSC). Farming refers to the process of staking cryptocurrency on diverse blockchains to attain rewards in the form of transaction fees or interest. The Farmer Doge platform intends to solve the complex procedures like converting the unnecessary rewards to the cryptocurrency of choice, the incompetence to farm other tokens, and the lack of automation. Furthermore, the Farmer Doge aims to make the whole reward collection process automatic through which holders can directly credit the rewards in their wallets without visiting any pages or claiming before time limits.
Additionally, the platform seeks to include farmers in the ecosystem from all cryptocurrencies for reflection distributions.The reflection distribution mechanism works by distributing transaction tax to the CROP token holders. According to the whitepaper, the industry faced the problem of high production of fruits and vegetables being thrown away by the farmers due to the absence of cold storage and unattractive appearance. While on the other hand, millions of individuals are dying because of hunger. Thus, the platform developed Farmer Doge, a token that inspires people to purchase as many vegetables and fruits as possible that are tossed away, thereby supporting to feed the world’s hunger.
The native token of the Farmer Doge is "CROP." The token is looking to develop and farm every newly launched coin apart from only stablecoins. Stablecoin refers to a digital currency that bridges the concerns of cryptocurrency and regular currencies. Moreover, the CROP token aims to advance the holders of the token to build the portfolio by distributing different cryptocurrencies. Initiating from the top cryptocurrencies and newly arrived tokens to the particular wallets in the form of rewards or reflections.The holders also have the benefit of buying the Farmer Doge's NFT collection with the tokens.
Farmer Doge operates by levying a 15% tax on each trading transaction as per the whitepaper. Of the whole amount, 10% is distributed among holders, and another portion is distributed among the liquidity pool and development of tokens. Leading to such a well-structured system and rewarding platform policies, the Farmer Doge aims to steadily make a place in the cryptocurrency space.
History of Farmer Doge (CROP)
The chief executive officer (CEO) of the Farmer Doge is The Quest. The COO of the token is 'CPT SCRUFFBEARD,' and the CMO is 'SKY.'