CyberTime Farming

The fact that there is a need to change the farming mechanics became clear after the second stage of farming. As we know some of the users suggested to abolish farming at all. We believe that farming is a good option for user engagement, especially now that the nftl.art platform is ready.

We analysed user suggestions and decided to offer the following farming strategies:

Strategy # 1 - 2 pools (CTF and NFTL) 0% deposit fee

Create 2 new pools with CTF and NFTL deposits. Distribute 1% (864k) in the CTF pool, and 0.5% (432k) in the NFTL pool. In total, 1.5% of NFTL (1.29M) will be distributed during this farming stage. Pools creating will make more value for project tokens holding. That's why there will be motivation to keep CTF and NFTL after farming, as this will give you the opportunity to get even more NFTL. CTF growth will increase APY in LP pools, this will create competition for liquidity and increase liquidity in pools.

Strategy # 2 - 3 pools + 5% deposit fee Save three of the previous pools (WBNB, BUSD, USDT) and distribute 0.5% NFTL in each (432k). At the same time, introduce a deposit fee - 5%. In total, 1.5% of NFTL (1.29M) will be distributed during the farming stage. The fee introduction will force farmers to keep tokens in order to earn more on the rise in prices. All the received fees are planned to be used to buy out NFTL from the market and send it to the DAO fund.

Strategy # 3 - Postpone farming for 1 month If users vote for farming start, we plan to hold it on May 26th. If users choose to postpone farming, we will hold a second DAO vote dedicated to the farming on June 14 to 20.