ADVANTAGES OF FARMING ZPAY TOKEN AND WAND THE DEGEN TOKEN OF ZOIDPAY
ZoidPay is positioning itself as a platform that can be used as an open architecture for building the next generation of Web3 financial services. By leveraging blockchain technology and cryptocurrency, ZoidPay aims to provide a more decentralized and secure financial ecosystem that is accessible to everyone.
One of the key features of ZoidPay is its API, which allows developers to build on top of the platform and create their own Web3 financial services. This can include anything from cryptocurrency wallets and exchanges to lending and borrowing platforms.
ZoidPay’s platform is also designed to be highly interoperable, meaning that it can integrate with other blockchain networks and platforms. This allows for greater flexibility and scalability in building decentralized financial applications.
In addition, ZoidPay is committed to promoting financial inclusion and accessibility. Its platform is designed to be user-friendly and accessible to people all over the world, regardless of their technical expertise or financial background.
ZoidPay’s focus on open architecture and interoperability positions it as a key player in the development of the next generation of Web3 financial services. Its innovative approach to decentralized finance has the potential to transform the way we think about money and financial services in the digital age.
ZoidPay Farms is a feature of the ZoidPay platform that allow users to earn passive income by staking their cryptocurrency assets. Similar to other yield farming platforms, ZoidPay Farms allows users to earn rewards in the form of additional cryptocurrency tokens for providing liquidity to the platform.
These assets are then used to facilitate transactions on the ZoidPay platform, and users are rewarded with additional tokens for their participation.
The rewards earned through ZoidPay Farms are determined by a number of factors, including the amount of liquidity provided, the duration of the staking period, and the overall demand for the cryptocurrency being staked. Rewards are typically paid out in the form of the Zoid token, which can be traded on various cryptocurrency exchanges or used to make purchases within the ZoidPay ecosystem.
ZoidPay Farms is a way for users to earn passive income by contributing to the liquidity and growth of the ZoidPay platform. It can be a useful tool for cryptocurrency investors looking to maximize their returns while also supporting the development of a decentralized financial ecosystem.
The ZoidPay Farms are a feature of the platform that enables users to earn rewards by providing liquidity to specific cryptocurrency pairs.
To participate in the ZoidPay Farms, you can provide liquidity to the ZPAY-EGLD pair on xExchange. This means that you will need to contribute an equal value of ZPAY and EGLD to the liquidity pool. In return, you will receive liquidity pool tokens that represent your share of the pool.
These liquidity pool tokens can be staked in the ZoidPay Farms to earn rewards. You can choose to earn rewards in either ZPAY or the WAND token. The rewards you earn will be proportional to your share of the liquidity pool.
The ZoidPay Farms is a liquidity mining program that allows users to earn rewards by providing liquidity to specific cryptocurrency pairs on xExchange. The program incentivizes users to contribute to the liquidity of the exchange by offering them rewards in return for providing liquidity.
The process works as follows:
1️. Firstly, decide which of the two farms you wish to participate in. Of course, you do have the choice to participate in both.
2. Participation as a liquidity provider requires you to make contributions equally in two tokens, in this case ZPAY and EGLD. Thus, make sure you have equal value amounts of ZPAY and EGLD.
3. Go to xExchange Liquidity page and “Add Liquidity” in the ZPAY-EGLD pair. https://xexchange.com/liquidity/add?firstToken=ZPAY-247875&secondToken=EGLD
4️. Once a commitment is made to the Liquidity Pool, you receive LP (Liquidity Pool or Liquidity Provider) tokens, meant to act as proof of your share of participation in the pool and In this case, the LP tokens received will be ZPAYWEGLDLP
5️. Next, head to stake.zoidpay.com and use the ZPAYWEGLDLP tokens you received to stake them in the ZoidPay farms to earn rewards in ZPAY or WAND.
WAND FARMING
WAND TOKEN
WAND is the degen token of Zoidpay platform with several useful utilities within the ZoidPay ecosystem and one of the primary utilities is to be used in the ZoidPay Farms feature, where users can earn rewards for staking their Wand tokens and providing liquidity to specific cryptocurrency pairs.
Wand tokens can be used for projects that want to build their APIs on top of the ZoidPay platform. This provides developers with an opportunity to utilize the technology and infrastructure of ZoidPay to build their own decentralized financial services and applications.
Wand can also be used for voting within the ZoidPay DAO (Decentralized Autonomous Organization), where community members can participate in the governance and decision-making process of the ZoidPay ecosystem.
Wand has a variety of utilities within the ZoidPay ecosystem that provide users with opportunities for earning rewards, participating in governance, and building new financial applications on the platform,
CHECK OUT WAND AMAZING UTILITY BELOW
You can earn too from farming and providing liquidity to the ecosystem.
Provide liquidity on the ZPAY-EGLD pair on xExchange and earn an APY of up to 1500%. Rewards on this farm are capped at 20 billion WAND. This represents 20% of the total supply for the WAND token.
The WAND Farm’s tier-based reward structure is shown below.
✅Stake up to 23000 ZPAY: Earn an APY of 100%
✅Stake beyond 23000 ZPAY up to 225,000 ZPAY: Earn an APY of 300%
✅Stake beyond 225,000 ZPAY up to 420,000 ZPAY: Earn an APY of 700%
✅ Stake over 420,000 ZPAY: Earn an APY of 1500%
WAND AIRDROP
All early adopters of WAND token are eligible for an airdrop, which is a fantastic opportunity for you to receive the utility token for nothing more than your participation in a quick gleam task.
Simply complete the required gleam task below to begin the airdrop.⤵️
https://wn.nr/7789rhS
ABOUT ZOIDPAY
ZoidPay is a real-world platform that provides users with a variety of features and services to facilitate decentralized financial transactions. ZoidPay leverages blockchain technology and cryptocurrency to offer a more secure and decentralized financial ecosystem that is accessible to people all over the world. It provides users with a user-friendly platform for transacting with cryptocurrencies, including the ability to make purchases and transfers, as well as earn passive income through features such as ZoidPay Farms.
ZoidPay does provide users with cutting-edge technology and fast transaction speeds to help make financial transactions more convenient and efficient.
FOR MORE INFORMATION
WEBSITE
https://zoidpay.com/
TWITTER
https://twitter.com/Zoidpay
TELEGRAM
https://t.me/zoidpay
