BNB FARM (Hybrid ROI Dapp)
FOF DESCRIPTION
FOF is another project developed by the Fortune Hunters team.
It is a fork of The BNB Crops Yield Farmer by the Crops Farmer team.
Users can select from 3 different plans paying up to 2% per day up to 200 days.
It is built with the aim of becoming the first ever 0% ponzi project in DeFi, for that purpose we use 42% of every deposit made in pool and other low-risk protocols, where we compound and aim to reach a point where the amount of funds in the pools are higher than the interest generated, since those are enough to cover all deposits 400%.
FOF USEFUL LINKS AND DATA
FOF – Farm Of Fortune.
STATUS: DEACTIVATED
SITE: https://fof.thefortunehunters.pro/
APR: Up to 2% static
REF SYSTEM: 2% on deposits to the person whose ref link the depositor is using. (Claimable together with the ref link provider available rewards when next claim becomes available)
LAUNCH DATE: 10/10/2022
CONTRACT: https://bscscan.com/address/0x4B5e6D0c2C6d0540C38Db5219BdceCc295E05E0F
ANALYTICS: https://bscscan.com/address/0x4B5e6D0c2C6d0540C38Db5219BdceCc295E05E0F#analytics
TOKEN: BNB – Bep20 (from PancakeSwap on BSC)
Pancake Swap Site: https://pancakeswap.finance/swap
THE PLANS
- PLAN 1 – 2% Per day up to a max 200 days 400% ROI, max 50BNB deposit per wallet, minimum investment 0.1BNB
- PLAN 2 – 1.5% Per day up to 150 days 225% ROI, max 50BNB deposit per wallet, minimum investment 0.2 BNB.
- PLAN 3 – 1.5% per day up to 90 days 135% ROI, max 50BNB deposit per wallet, minimum investment 0.2BNB
TAX STRUCTURE
- 50% Goes into the contract TVL
- 42% Goes into the dev wallet and is used in pools to generate outside income.
- 3% Marketing (until this moment 98% of the marketing funds have not been needed to promote FOF thus we use a portion of these funds to run community contests and giveaways, operate trading bots (higher risk than pools), and help bring a little more outside income. And a portion is used to help cover some of the gas fees from the compound done in pools.
- 2% Support Fee (In FH all new layers feed into the previous to help older projects to sustain, reduce ponzinomics or even reach 0% ponzi) FOF currently uses 2% from every deposit to support COF (0.5%) EOF (0.5%) BUSD Machine V3 (0.5% as compensation for having allowed FH to Fork BNB Crops Farmer yield Farm). USDT CashFlow (0.25% FH has remained supportive of USDT CashFlow as we helped it launch and wish to see it reach a state of reduced ponzinomics, if possible 0% ponzi.) The remaining 0.25% will go to charity which the community will have the chance to vote on.
- 3% Dev (Team fee) FOF is the first project where the FH team has taken payment for its work on developing the Ecosystem and the 3% is split amongst 9 people.
GLOSSARY
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FOF – Farm Of Fortune
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ROI – Return On Investment
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Dapp – Defi Application
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APR – Annual Percentage Rate
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TVL – Total Value Locked – It is the total amount of funds present in the contract (deposited funds minus fees minus claims)
THE MECHANICS
- Max payment is in days (instead of the usual 360% common in ROI Dapps)
- 5 Days cooldown period (users need to wait for a minimum of 5 days between actions).
- 7 Days max reward accumulation (users need to take action within 7 days from their previous action or the rewards will stop accumulation. This is also an anti-whale feature preventing someone from accumulating high enough rewards that could drain the contract on a single claim).
- No compound option (compound keeps funds in the contract while at the same time allowing users to grow their positions on the project, FH team views this as a problem that affects most ROI Dapps and farms thus we have removed it. If users wish to grow their positions on the project and extend the max payment beyond the max 200 days users must open a new deposit).
- Each new deposit will pay out its daily reward for the duration of the selected plan at the moment of deposit.
- All active deposits rewards are claimable at a single moment (if a user has 5 active deposits all rewards generated from those 5 deposits will be claimed together. There is no claiming individual deposit rewards, this works to optimize gas fees).
- Max 150BNB accumulated deposit per wallet.
CHANGES/UPDATES
- 30/01/2023 – Maximum active deposits sum is now 100 BNB. We have increased the max deposit on plan 1, it’s still 50 BNB max deposit, but as funds are withdrawn and redeposited, the contract will allow total deposits up to 100 BNB.
- 19/03/23 – DEACTIVATED