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What is AUTO coin and how does it work?

by Financial Economy

Auto is a yield farm and DEX aggregator running on Binance Smart Chain. It is designed to optimize the returns of DeFi users in various dApps in the DeFi space. Information about some topics that what is AUTO coin, how does it work, how to buy it, on which exchange, how much is it, etc. is in continuation of the article. You can browse here for information about CREAM Finance coin.

What is AUTO coin and how does it work?

AUTO is the native utility and governance token of the Autofarm protocol launched on December 15, 2020 on Binance Smart Chain (BSC). The AUTO token can be used for bid voting and will receive the fees earned from the protocol.

AUTO has initiated a fair community-initiated token distribution by ensuring that only vault users have the opportunity to participate in the AUTO token vault mining program.

What is Autofarm?

Autofarm is a suite of products within Decentralized Finance (DeFi) that provides DEX aggregation and farming aggregation on various blockchains. Most notably, Autofarm was born in BSC and continued to expand its cross-chain capabilities to Huobi ECO Chain (HECO). More cross-chain products are planned as shown in this roadmap.

AUTO purpose!

Autofarm aims to become a leading DEX and yield source on the Binance Smart Chain (BSC) by combining yield optimization and AMM resource into one product: This solves the problem of signing up for multiple protocols by allowing users to have two products on a single platform.

AUTO features!

Auto has two main products: Vaults and AutoSwap.

  • Vaults is a yield farming platform that combines yields at optimal intervals and offers excellent yield optimization strategies. Cash registers benefit users by socializing transaction costs and automating yield generation and aggregation process.
  • AutoSwap is a DEX aggregator that provides users with the best prices for DEX transactions. It splits trades across multiple DEXs to ensure the best price value and the lowest slippage.

Which exchange is AUTO coin on?

AUTO coin is listed on some cryptocurrency exchanges such as Binance, MEXC, BingX, Gate.io, Crypto.com Exchange, etc.

How to buy AUTO coins?

AUTO coin can be purchased from listed cryptocurrency exchanges, like mentioned above. However, before trading, it is necessary to make sure that the exchange and the crypto project are “RELIABLE”. It is so important point for investors.

AUTO coin supply!

Total and maximum supply of AUTO coin is 53.003  AUTO.

AUTO coin price!

As of June 1, 2022, at the time of the writing, 1 AUTO coin price is around $229,38 (because of the volatility the price can change instantly).

Caution: The information contained in this content is for general informational purposes only. It is not investment advice.

For information about cryptocurrency: https://en.wikipedia.org/wiki/Cryptocurrency

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