First of all, what is yield farming? Yield farming also referred to as liquidity mining, is a way to generate rewards with cryptocurrency holdings. It is simply a way for you to earn more by locking your cryptocurrency asset.
What are the tokens that CoinSwap Space has on their farm? Here are all the token names and descriptions that you can see on our yield farming pool. So, if you have these tokens or cryptocurrencies, and you want to earn more, this is the time for you to be familiarized yourself with them and start farming.
Information of each token on the yield farming pool:
CSS — CSS or CoinSwapSpace tokens are the native tokens of the CoinSwap Space Platform. This platform provides a suite of products in Decentralized Finance. Perfect ecosystem for automated liquidity provision on Binance Smart Chain, incentivizing community for their efforts to AMM model.
BNB — Binance Coin (BNB) is a cryptocurrency that can be used to trade and pay fees on the Binance cryptocurrency exchange. BNB can also be exchanged or traded for other cryptocurrencies, such as Bitcoin. Operating on blockchain technology, Bitcoin is set to disrupt the currency market.
BUSD — BUSD is an ERC-20 token that supports BEP-2. It is stored across several Paxos reserves globally. The token was designed as an ERC-20 token to reach more platforms, as ERC-20 is interoperable with several blockchains.
USDT — Tether is a blockchain-based cryptocurrency whose crypto coins in circulation are backed by an equivalent amount of traditional fiat currencies, like the dollar, the euro, or the Japanese yen, which are held in a designated bank account.
ETH — Ethereum tokens are simply digital assets that are being built on top of the Ethereum blockchain. They also strengthen the Ethereum ecosystem by driving demand for ether, the native currency of Ethereum, needed to power the smart contracts.
BTCB — BTCB is a BEP2 token that is 100% backed by Bitcoin (BTC). This provides a way for anyone to convert from the pegged token back into the native coin on Binance.com.
CAKE — The CAKE token is one of several tokens used within the PancakeSwap protocol and made available for token swaps.
ADA — ADA is the native token of Cardano. It is named after Ada Lovelace: a 19th-century mathematician who is recognized as the first computer programmer and is the daughter of the poet Lord Byron.
DOT — The DOT token is the native token of the Polkadot network. As such, it serves a couple of vital roles in the system. It’s used to participate in governance decisions, including tabling proposals, voting, and bonding. It can also serve as an electronic payment system.
LINK — LINK tokens are the digital asset token used to pay for services on the network. To understand the benefits of Chainlink and how it functions, you need to understand some fundamental, interconnected concepts.
TRX — TRX is the basic unit of accounts on the TRON blockchain. The value of all other tokens derives from that of TRON. TRX is also a natural medium currency for all TRC-based tokens.
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