What is crypto farming?

   

serialtradersfx

 Hello dear readers, in today's article, we're gonna look at a topic that many people wonder about, how it works and how one can make use of it to obtain some relative gains in their crypto portfolio. 

The term we are looking at today is called farming.

 In the crypto world, farming is almost as the same as we know it here in the real world, or basically it's the same context.

Most decentralized exchanges are listing coins on their platforms every now and then from time to time. This is where you can make use of farming. 

In most cases, if you realize when a coin is being listed on a platform such as binance for the first time, it's value usually sky rockets as it is anticipated to be of great value by buyers, this is normally called pumping. 

So we'll knowing this, you can farm these coins before they are listed and in this case you'll be getting rewards in the token that is gonna get listed. 

      Farming literally means you are providing liquidity for the chain on which the coin is launching so you invest your other crypto, in most cases this is BNB and you stake it as a liquidity provider. After the staking, farming period.

 You receive the tokens you staked together with the rewards in the token to be staked, and therefore when the token sky rockets, you already have your own share of the bread.

Crypto is a risky venture, be sure to make enough personal research before investing as your capital is susceptible to scams. Be wise, invest only what you afford to lose.