CYF Introduces New Token on the BNB Chain for Crypto Adoption

Community Yield Farming (CYF) has introduced a community-driven token for African cryptocurrency traders around the world.

According to reports, the new release will serve as the ‘world’s best community-centered and powered utility token.’ The token which is tagged ‘CYF’ was launched on the Binance Smart Chain as a BEP20 with unique smart minting features.

The project started only as an experiment that transformed exponentially into a community of enthusiastic crypto players.

Its focus is on community yield farming as a means to boost the adoption of cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and others across several borders and eventually globally. Along the line, it seeks to identify some deterrents of global crypto adoption and then attempts to proffer solutions to them.

As per the published statement, the CYF token is the “world’s first platform to reward holders directly from ICO while sustaining its liquidity at the same time preventing any possible rug-pull.”

The platform boasts a reliable tamper-free network with an algorithm that can not be altered by the developer during a user’s transactions. The smart contract code is open-source, therefore, its transaction history can be viewed by anyone at any time.

The CYF Token Features

Markedly, the token possesses a value-based algorithm for its community which promotes the adoption of crypto through a vibrant ecosystem. For a start, only a limited supply of 100T units of the BEP20 token will be minted. The CYF community is currently targeting the growth and expansion of its operations. 

Its CYF token is completely supported by the community and its team of developers and crypto enthusiasts. Consequently, the community is rewarded as up to 35% of token sales are redistributed to them through unique smart minting. Also, its platform has been verified and audited by third-party auditing firms like DessertFinance and SolidProof.

The CYF is ‘100% Rug-Pull free’ and is designed in such a way that 7.5% has been assigned to project development and expansion. It also grows liquidity through the community reward system.

At present, the focus of the CYF is Africa especially, in terms of technological and digital asset development.