The Second Buyback of $UFARM and $ORO Tokens
For our 2nd quarterly $UFARM buy-back (June to September 2021), UniFarm repurchased a total equivalent to $100,000 USD worth of tokens ($UFARM + $ORO).
This 2nd quarterly $UFARM buyback is the highest-ever in both US dollar terms and amount of $UFARM repurchased. This 2nd buy-back of $UFARM and $ORO tokens, and it’s 5x more than the first buyback we had in June 2021.
Part of UniFarm’s foundation overhaul was building a “Breathable economy”— ensuring a steady contraction coupled with stability and scale. This move seeks to further boost the long term value of the UFARM Token. The buyback program is yet another step to provide the UFARM Token’s the necessary stability and growth potential, ultimately rewarding token holders for their investment and loyalty.
“UniFarm has had another phenomenal quarter, granting us the flexibility to give back to our community as a whole. We have repurchased the UFARM token as an integral part of the business.” said Mohit Madan, Co-Founder and Managing Partner at UniFarm. “The UFARM Token holds great potential for the future of farming. Our second buyback program highlights the team’s ardent belief in $UFARM’s prospects and further incentivizes investors to share our long term vision.”
Adding on the buyback’s role, Mohit Madan added, “There has been a progressive demand for the UFARM token, confirming its desirability. The buy-back guarantees that the supply remains contracted, making $UFARM and $ORO tokens even more fascinating with an even stronger token economy”.
Furthermore, every quarter, UniFarm utilizes 50% of its revenue to buy-back $UFARM (25%) and $ORO tokens (25%). Each buy-back tranche will be locked for a period of 12 months after the repurchase. After 12 months, the tokens shall be moved to the treasury. By locking up the tokens and then moving to the treasury provides UniFarm with the capability to scale effectively.
UFARM tokens repurchased on-chain within the program can be found transparently on the blockchain with the following ERC-20 addresses:
$UFARM Buyback Details
Total $UFARM: 1,147,389
|$UFARM Locking on Ethereum||https://etherscan.io/tx/0x0df7bc172957342314b2151c96644afcecad2677f28f6157a59fa0c67ee02998|
|$UFARM Locking on BSC||https://bscscan.com/tx/0xf03f20c9a386eb887227dbc0b3fe65d44f4bf14f94248a3c143eae0c7657dfa5|
|$UFARM Locking on Polygon||https://polygonscan.com/tx/0x3ca356b9866b7f572d81e5050573c92ed5ba2e88c34c9561677d79f08ad4fb82|
ORO Tokens repurchased within the program will be placed transparently on the blockchain with the following ERC-20 addresses.
$ORO Buyback Details
Total $ORO: 274,967
|$UFARM Locking on Ethereum||https://etherscan.io/tx/0x9cc329a757d72bf6c75471beba864de00c1eea0e35add6c04b663f9af419efdc|
|$UFARM Locking on BSC||https://bscscan.com/tx/0x30cc724135420aea809d436dbad268b4d5c7fce33fc738588a858dc54e0f67af|
In the last quarter, we have seen significant growth on UniFarm.
- 25+ added projects (in 7 cohorts) over the last quarter
- 2 conclaves with 10 projects with $3,000 airdrops
- Giveaway: Airdrop of 500 $UFARM to 2,000 (holders)
- 2 strategic partnerships : Ferrum Network & ICO Pantera
- 2 exclusive farms:
– Stake $ORO & Farm $ETH (16% APY – 90 days – Ethereum Network)
– Stake $UFARM & Farm $USDC (16% APY – 90 days – Ethereum Network)
- Participated in 1 virtual event: Polycon 2021
UniFarm is a one-of-a-kind staking solution where the best projects in DeFi space come together to provide value to investors. UniFarm allows you to stake one token but earn multiple high-value tokens, so in addition to a great APY, your returns are automatically diversified as well.