Top 5 Farming as a Service (Faas) Tokens by Market Capitalization to Watch in October 2022
Farming as a Service (FaaS) is the simplest and fastest way for any new project to get liquidity. Holders of FaaS tokens enjoy part ownership Treasury rights used to gain yields. Simply put, they produce sustainable yields and token liquidity. We will be looking at some of the top Farming as a Service (FaaS) Tokens to watch in October 2022.
Note: The tokens are ordered by their market capitalization from lowest to highest
Multiverse Capital (MVC)
- Unit Price: $0.0000001281
- Market Cap: $118979.92
- Distinct Features: Each buy gives current holders 10% of the proceeds. 10% of each sale is placed in a treasury fund for use in large-scale marketing and multi-chain farming.
Multiverse Capital is the World’s First Multi-chain Farming Deflationary Token! Investors purchase MVC on BSC, farm the MVC across several chains, and distribute the profits to MVC holders.
The treasury fund grows exponentially over time because the farming treasury is used for farming across multiple chains and then automatically compound its profit. This fund is used to repurchase $MVC to raise the price floor, which allows for exponential price floor growth.
Liquidity can never run out with Multiverse Capital because the protocol from the buyback controls it and burns tokens for the liquidity process.
Exchange: MVC is trading live on LATOKEN, PancakeSwap (V2), and KnightSwap with a 24-hour trading volume of $401.47.
- Unit Price: $0.137
- Market Cap: $201691.26
- Distinct Features: With the help of this platform’s Farming-as-a-Service feature, other projects can easily create farming for their tokens.
The first airdrop token was Demeter (DEO), which has a platform called the Demeter Farming Platform.
Users can use the same LPs for farming across various pools. Furthermore, since they won’t be giving their liquidity to the platform as they would with smart contracts on the ERC-20, BSC, and other networks, all liquidity providers in Demeter Farming pools will continue to receive the same PSWAP rewards.
Users who want to use their hoarded tokens can also benefit from the Demeter Farming platform. The first Play-to-Earn game on SORA, DEO Arena, will feature the Demeter (DEO) token, and users will use the DEO token to play the game.
Exchange: DEO is trading live on Polkaswap with a 24-hour trading volume of $199.44.
Exponential Capital (EXPO)
- Unit Price: $0.0000008501
- Market Cap: $829578.69
- Distinct Features: With the decentralized community fund, members will gain access to various crypto assets that will produce passive income and capital growth through profits returned in the form of dividends, token buybacks, and reflections.
The Exponential Capital team is a pioneer in blockchain innovation as well as farming, trading, and seed investing.Together, they oversee sizable decentralized communities and possess a vast network as a conduit for opportunities.
In managing its portfolios, traders and farmers have shown exponential growth and resiliency. They will oversee a flexible fund that can prosper regardless of market circumstances. The EXPO token represents exponential Capital’s profits.
7% goes to the Exponential Capital treasury fund for farming, trading, and seed investment; the profits are used for EXPO buybacks.
Exchange: EXPO is trading live on UNISWAP with a 24-hour trading volume of $263.17.
Multi-Chain Capital (MCC)
- Unit Price: $0.0000005333
- Market Cap: $1.11M
- Distinct Features: Profits are invested in yield farms and auto-compounding vaults as they build up in the Multi-Chain Capital Treasury and are bridged to chains with cheaper gas prices.
For DeFi users, Multi-Chain Capital offers an easy way to gain from Yield Farming returns. MCC provides users on Ethereum and the Binance Smart Chain with yields available on both Layer 1 and Layer 2 chains (Fantom, Polygon, etc.) by handling the labor-intensive bridging, farming, and investing tasks.
Holding MCC allows the user to receive both buy/sell reflections and a future share of profits from the investment portfolio for farming.
Every trade burns a small percentage of MCC to the “Blackhole,” which compounds over time due to reflections.
Exchange: MCC is trading live on PancakeSwap (V2), Uniswap, and SpookySwap with a 24-hour trading volume of $4,573.59.
Empire Capital Token (ECC)
- Unit Price: $0.03573
- Market Cap: $3.52M
- Distinct Features: Through their Bridges, Decentralized Exchange, Farming Infrastructure, Launchpad, and EmpireDEX White-Labeling services, they offer an easy-access infrastructure hub for developers and traders.
EmpireDEX is a multi-chain DEX ecosystem that offers projects that integrate access to a full range of integration and development services.
ECC claims to burn 1% of every purchase. The main problem with projects that use a black-hole burn is that it has no impact on total supply and that the black-hole addresses siphon yield from actual holders.
They assert that they have solved the problem by implementing a total 1% burn on every purchase, which causes their total supply to deflate around the user’s balance. In contrast, the user’s balance continuously rises in opposition to an ever-deflating supply. As the ECC token gets increasingly rare with volume, it creates an accurate supply/demand metric.
Exchange: ECC is trading live on Uniswap and Pancakeswap with a 24-hour trading volume of $4,224.04.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.