VFT Lab Finance Farming - Review by Liotes
Tuesdays on Liotes are reserved for creative posts about different aspects of the project, or about some other investment opportunities, or ideas, like in this video... We have created one video before with our view about the MusicForLife tribe, their tokens, and why we have invested in them and will invest in the future...
Almost two months after that video, the team around M4L has created a new farming platform here on HIVE, where you can stake Hive-Engine tokens and earn VFT tokens, which has its use case! The platform isn't yet finished, but it is in some kind of "Alpha stage", it works, farming is working, but there are still things to finish and bugs to be fixed...
If you are familiar with CubDeFi you will notice a big similarity with VFTLab.Finance... One of the biggest differences is that VFTLab is completely powered by HIVE, and there is no need for additional plugins, tokens, etc. to make it work... You just need Hive Keychain and you are ready to go!
Also, another big difference is that farmed VFT tokens have use-case as a token that will be used for buying different NFTs, so in a certain way, it is backed up with that... When you want to stake certain tokens, there is a deposit fee that will be used for burning VFT tokens, but even when you purchase some NFT with them, the transaction fees will be burned!
At the moment, it is possible to stake VIBES, STARBITS, LEO, DEC, HIVE, and VFT tokens, but they are planning to add more tokens in the future...
Check out the video for more details...
Links mentioned in the video:
https://vftlab.finance/ https://vftlabdashboard.netlify.app/ stats tool by @okean123 Official Discord: https://discord.gg/sTyG5vBTVb Tribe Website: http://musicforlife.io/
All that is written and recorded are our personal views about this platform and mentioned tokens... This post isn't financial advice of any kind, and please DYOR before investing your money into any project
Liotes
A project run by @ph1102 and @achim03
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