First Deflationary Yield

Farming Token on
Binance Smart Chain.
 Introduction

ElonFarms is a growing yield farming platform on the Binance Smart Chain like no
other.

ElonFarms tokens can be gained through a presale, yield farming or on

PancakeSwap. The token is fair launching which means that everyone will be able
to participate in a presale and new tokens are only distributed through yield
farming where many different tokens such as WBNB, BUSD, CAKE etc. can be staked
and unstaked at any time without paying fees.
 ElonFarms Token
The total supply is hardcapped at
1,000,000,000 tokens of which
100,000,000 are reserved for an open
presale. Half of these reserved tokens
is distributed to all buyers of the
presale whereas the other half along
all collected BUSD from the presale
automatically goes into liquidity on
PancakeSwap once the presale ends.
To buy tokens one can deposit BUSD into
the presale contract and claim the
tokens after the sale ends. The amount
of tokens you receive depends on your
share of the total deposited BUSD (e.g.
if you deposited 10% of all BUSD in the
Pre Sale you will get 5,000,000 tokens
which is 10% of the 50,000,000 tokens
being distributed). You can then trade
and hold your tokens, or even better
stake them in our farms to earn even
more tokens.
After the presale ends the tokens can
also be bought on PancakeSwap.
 ElonFarms Token

The initial farm reward per block is

set to 500 tokens which is halved
approximately every four weeks. 10% of
the minted tokens go into developer
treasury to get almost fully burned,
distributed in community events such as
airdrops, giveaways or contests or are
donated to, for example, charities.
Only a very small amount is used to
cover costs such as promotion, server,
development etc.

The chart on the right shows how the

total supply is split among all
parties.
 Manual Burning
The burning of the minted tokens is
manually done because we want to be
flexible to do giveaways, airdrops and
donations to charities.

Also do we need to cover all costs

first from the earning before burning
anything and since we cannot predict
the price of the token we cannot
automatically burn a fixed amount.

But rest assured we are burning

whatever amount is possible.
 Token Advantages
The big advantage of ElonFarms Token is that the price does not drop shortly
after the launch as seen on many other tokens because of the automated liquidity
providing.

Additionally, a smart system for automated emission reduction is introduced

which reduces the block emission over time and together with the hardcapped
supply guarantees a non-inflationary behavior of the token and reduces the
probability of a dropping price. This feature does also guarantee that farming
will always be possible without having the need of an infinite supply of tokens
like some other tokens require such as CAKE from PancakeSwap.

Although farming would also always be possible with an infinite supply, there are
drawbacks to it, such as a volatile price, hence, we decided for a hardcapped
supply and the automated emission reduction.

Bitcoin has already proven that halvings can dramatically increase a coins value
and hence we build on this concept as first BEP20 token ever.
 Contracts
Token: 0xD81Cc0672B172Fdc2Cba39a80f1331165a65ec74

PreSale: 0x190bf70a55355b348D5d5ff6aCf4f8D547eB6CcE

FarmReward: 0xb476fFb6a14eDd97089B9DF13e100df84355ef53

Farms: 0xDAbFfc32E925D19e97593fcdAC7571B1e363E3ac
 What’s next?
In Q2 there are several things planned for
ElonFarms.Finance.

First we are planning to list our token on different

platforms like CoinMarketCap or Binance.

Next we are planning to release our own NFTs and a

marketplace for these.

Additionally, we want to implement a lottery where users can

win ElonFarms Token.

Initial Farm Offerings will give project owners the

opportunity to promote their project.

And finally we are planning to add a governance system so the

community can decide on changes and new features, e.g. new
Farms.