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What is the issuance amount of Harvest Finance (FARM) coins?
The issuance amount of Harvest Finance (FARM) coins is 20 million, with the majority allocated to the community treasury for protocol governance and development support.
Dec 02, 2024 at 06:21 am
What is the Issuance Amount of Harvest Finance (FARM) Coins?
Introduction
Harvest Finance (FARM) is a decentralized finance (DeFi) protocol that automates yield farming strategies for various cryptocurrencies. It enables users to optimize their returns by leveraging a suite of tools and strategies designed to maximize their earnings. FARM is the native governance token of the Harvest Finance platform. Users can utilize FARM for voting on protocol updates, earning rewards, and staking to receive a portion of platform revenue.
Issuance Amount
The total issuance amount of Harvest Finance (FARM) coins is 20 million.
Distribution Breakdown
- Community Treasury (72.5%): 14.5 million FARM tokens are allocated to the community treasury, which supports the ongoing development and governance of the Harvest Finance protocol.
- Ecosystem Development Fund (12.5%): 2.5 million FARM tokens are reserved for promoting the adoption and growth of the Harvest Finance ecosystem.
- Team and Advisors (10%): 2 million FARM tokens have been allocated to the Harvest Finance team and advisors as compensation for their contributions to the project.
- Initial Liquidity (5%): 1 million FARM tokens are used to provide initial liquidity on decentralized exchanges, ensuring smooth trading and access for users.
Key Points
- The issuance amount of Harvest Finance (FARM) coins is 20 million.
- The majority of FARM tokens (72.5%) are allocated to the community treasury.
- The team and advisors have been allocated 10% of FARM tokens.
- FARM tokens are used for governance, earning rewards, and staking.
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