🍌Banana Farms Whitepaper

Everything you need to know about the FARMR token.

Introduction

Banana Farms is a reflection token based on the Solana blockchain. This means that by holding the native $FARMR token the number of tokens you have will grow automatically.

Why use reflection?

A reflection protocol is advantageous compared to a typical staking protocol; as there is a massively reduced chance of on-chain errors. Something which is quite common to staking protocols. It also discourages the forming of 'whales'; wallets who hold a large amount of a token and have the power to dump the price.

Where can I buy some BFARMS?

BFARMS will be purchasable on Raydium on launch We chose Raydium as it is the most well-known SOL based DEX and is very trustworthy. However the team aims to get FARMR listed on smaller CEXs in the future.

Is this safe?

The Banana Farms algorithm is extremely robust, it is impossible for your funds to be lost due to on-chain errors, as the tokens never leave your wallet. Also, the developers are unable to create more tokens, or pull the LP tokens (due to our LP lock). The team are working on getting an official KYC and audit to make sure all of our buyers are confident in the developers.

Roadmap

Q1 2023:

• Website, Twitter and Telegram launched • Whitepaper written • Listed on smaller ranking sites • Advertisements on Twitter purchased • Discord opening • Raydium listing • Exchange advertisements purchased • CoinMarketCap & CoinGecko listing • Smaller CEX listings

Q2 2023:

• NFT marketplace aggregator which is valued in FARMR (increase volume and reflection rate) • Developer funding cut from tokenomics • Reflection rate increase by 1% • Discord level rewards in FARMR • Banana Farmers airdropped to holders - can be redeemed to increase APY

Tokenomics

3% Reflection 1% Liquidity 1% Developer Funding

So how much APY can I earn?

The Banana Farms protocol can support infinite APY, there is no limit how many tokens you can accrue. The reason we decided to do this is to incentivize long-term holding; this would lead to a higher market-cap and lower volatility. The higher market-cap makes the hold more peaceful than a regular meme-coin, where the price changes rapidly.