SuperFarm is one of the newest tokens that has been listed on Binance recently after its launch. Let’s review SuperFarm with as much information that is available today. The project has raised 2.81MM USD and already generated dramatic hype. New tokens are listed on crypto exchanges and investors speculate what token will bring them the highest profit. Both NFT and Defi are the buzz word in the crypto space.
SuperFarm is a cross-chain DeFi protocol designed to bring utility to any token by turning it into an NFT farm with no code required. Is SuperFarm with its SUPER token the right choice for crypto investors? Are we sure that SuperFarm is not a scam?
Table of Contents
- 1 What is SuperFarm
- 2 The SuperFarm platform
- 3 Super token
- 4 Super token economy
- 5 Team of SuperFarm
- 6 Investors
- 7 Partnerships
- 8 Where to Buy SuperFarm
- 9 Trading SUPER token
- 10 Official Channels
- 11 Red flags in SuperFarm
- 12 Is SuperFarm a Scam?
What is SuperFarm
SuperFarm also allows for easy minting and trading of NFTs. Any project can now deploy the world’s most exciting new NFT farm with custom rules. NFT Farming is a recent phenomenon.
SUPER is SuperFarm’s native utility token and is used for governance, fees, staking and NFT drops.
SuperFarm provides a bridge between current crypto ecosystems and the explosive gaming industry.
“Video Games represent the perfect funnel for blockchain to reach their first billion users. Right now there are over 2.5 billion gamers worldwide who are constantly buying in-game digital assets worth over $100 billion that have no value outside of the digital world. These gamers are hyper-connected, technically savvy, and are dedicated to their games. If major games like Call of Duty or Fortnight had NFTs, every kid under 15 would know how to work an Ethereum address like the back of their hand. This is how we get to mass adoption.” Elliot Wainman, CEO of Superfarm (Source: Europeangaming.eu).
What is NFT
NFTs can be digital files such as art, audio, videos, items in video games and other forms of creative work. A non-fungible token (NFT) represents a unique digital item that is not interchangeable.
Target Market Size
Talking about market size, here are some numbers that you should consider in your analyses.
- There are 2.6 Billion Gamers Worldwide.
- Gamers spend $180B+ each year on digital assets (largely cosmetic).
- Gamers are tech-savvy and hyperconnected.
- The average age is 32 (an exact match with crypto holders).
Video games might be the best vehicle to take cryptocurrency mainstream.
The SuperFarm platform
- NFT Marketplace: A place to trade NFTs.
- NFT and ERC-20 token generation: Generate NFTs and ERC-20 tokens to launch custom farms.
- NFT Farming: Stake SUPER to earn exclusive NFT rewards in the platform’s partner farms.
- NFT Multiverse Game: An interoperable metaverse that combines NFTs and SuperFarm’s video games. NFTs from SuperFarm and partners will have utility in these games.
SuperFarm launched its SUPER token via IDO on Polkastarter on 22nd March 2021.
- Listing price: $0.025
- IDO is First Come First Serve (FCFS) until $250k reached
Super token economy
Have a look at token economics published by SuperFarm.
Here is the Super token distribution
- Total Supply: 1,000,000,000 SUPER
- Circulating Supply 100,500,000
As of March 25th 2021, the total supply of SUPER is 1,000,000,000 and the current circulating supply is ~10.19%.
- Founders & Advisors: 100M SUPER (10%)
- Development: 100M SUPER (10%)
- Ecosystem: 90 Million SUPER (9%)
- NFT Drops: 50M SUPER (5%)
- Staking: 250M SUPER (25%)
- Liquidity: 10M SUPER (1%)
- Seed: 50M SUPER (5%). Sold at 0.00300 USD / SUPER
- Private sale 1: 90M SUPER (9%). Sold at 0.00450 USD / SUPER
- Private sale 2: 150M SUPER (15%). Sold at 0.00670 USD / SUPER
- Private sale 3: 100M SUPER (10%). Sold at 0.00100 USD / SUPER
- IDO, Public sale: 10M SUPER (1%). Sold at 0.0250 USD / SUPER
Upcoming token releases
- Private sales will begin vesting on April 22, 2021 on a block-by-block linear basis over 6 months.
- Seed sales will begin vesting on August 22, 2021 on a block-by-block linear basis over 24 months.
Team of SuperFarm
Elliot Wainman – Co-founder and CEO
Unfortunately, we couldn’t find any team members. Isn’t it weird?
The first private fundraising round of $1.1M lead by Bitcoin.com, Spark Digital Capital, GBV Capital, Solidity Ventures, and Animoca Brands.
Other SuperFarm private investors include:
- AU21 Capital
- Black Edge Capital
Animoca Brands has partnered with SuperFarm to launch exclusive NFT drops and NFT farms for it’s various powerhouse brands.
Animoca Brands is one of the largest investors in the NFT space. Their investments include NBA Topshot, Flow blockchain, CryptoKitties, Axie Infinity, REVV, F1 Delta Time, MotoGP Ignition. Animoca have also recently acquired Quidd, a collectible ecosystem featuring IP from Disney, Marvel, Dr. Seuss, Rick and Morty, Game of Thrones.
Injective Protocol Partners SuperFarm to Launch Exclusive NFT Drops and Farming. Users will be able to farm the Injective NFTs on the SuperFarm platform.
Where to Buy SuperFarm
SuperFarm’s SUPER token is going cross-chain and launching on the fast-growing Binance Smart Chain (BSC). Cross-chain functionality for trading, and eventually NFT minting and farming within the Binance ecosystem.
Binance listed SuperFarm (SUPER) in the Innovation Zone and opened trading for SUPER/BTC, SUPER/BUSD and SUPER/USDT trading pairs on 25th March 2021.
SUPER is live on Pancake.
PancakeSwap is the number one decentralized trading hub on Binance Smart Chain. The rival project is Uniswap. PancakeSwap has become a must-have for DeFi projects to incorporate given BSC’s low-cost and high-speed environment.
Trading SUPER token
Super token started trading on the Binance exchange on 25th March 2021 and the price immediately dropped from 3.19 USD below 2 dollars. After a couple of hours, it founded its range around 2.7 USD.
The first day trading after listing Super on Binance wasn’t successful for the project neither for investors. Almost the same happened after the first trading days with the ALICE token that started in Binance Innovative Zone as well. Investors should be extra careful trading new tokens that have been listed on Binance or any other crypto exchange recently (e.g. hype around Tokocrypto).
Super started trading on 22nd February and some investors received SUPER from a private sale.
According to Coinmarketcap the initial price for SUPER during trading hours was around 1.2 USD. From there the price went +300% in matters of days and reached its all-time high of 3.46 USD.
The top exchanges for trading in Super token are currently:
- Binance (recommended, high liquidity)
- 1Inch Exchange
You can also trade SUPER on Uniswap.
Register on Binance via our link and get a 10% discount on trading fees.
This was the first SuperFarm tweet.
— SuperFarm (@SuperFarmDAO) January 19, 2021
- Twitter: https://twitter.com/SuperFarmDao
- Telegram: https://t.me/SuperFarmDAO
- Website: https://superfarm.io
Red flags in SuperFarm
- Github project is missing
- Unknown team members
- No website content
- Whitepaper is missing
- The roadmap is not clearly published
- Screenshots or video preview of the platform is missing
Is SuperFarm a Scam?
SuperFarm is quite a new project that has great ambition, but there isn’t much information published except the information from the co-founder Elliot Wainman. To be honest, during our research we haven’t been able to clarify if there is any other team member involved in the project.
What concerns me a lot is that a whitepaper hasn’t been released and there isn’t any mention about it. The only official channel that creates any content about SuperFarm is a Medium blog.
There isn’t a clear roadmap and we can’t see a Github development. The official SuperFarm website is just a landing page with two sentences.
If you are interested in SuperFarm and consider investing in the project, please read this Reddit thread. You will find out more about the project and Elliot Wainman’s history as well.
We can’t say 100% percent if SuperFarm is a scam, but the project is missing much fundamental information for investors who are interested in deep research before investing any money.
We see SuperFarm with our research as highly-risky speculation that probably will not end up in a profit or a good sleep.
Register on Binance via our link and get a 10% discount on trading fees.
Risk warning: Cryptocurrency trading is subject to high market risk. Please make your trades cautiously. Binance will make the best efforts to choose high-quality coins, but will not be responsible for your trading losses.
DYOR: Do your own research