FarSwap is a decentralized cross-chain cryptocurrency.
FarSwap is a decentralized cross-chain cryptocurrency software that runs on ERC20, NRC20, BEP20, HECO Blockchains, allowing a network of users to lend, borrow, buy and sell crypto assets and earn huge rewards. FarSwap is the leading decentralized platform that rewards both lenders and borrowers.
FarSwap has a unique native currency, FAR, which is issued to the liquidity providers on the FarSwap decentralized exchange. It has two functions. First, it entitles holders to governance rights hence they can participate in decision-making. Second, the coin entitles the holders to a portion of the fees paid to the protocol. In the FarSwap ecosystem, the FAR holders “own” the protocol.
Community governance characterizes the decentralized finance (DeFi). The growth of liquidity mining (yield farming) as an acceptable method of token distribution in DeFi has led to many token launches. Yield farming levels the playing ground for everyone involved including those with no premines, or little to no founder allocation. It also ensures equal distribution of tokens based on the number of funds supplied.