📎Whitepaper

What is the Eggs Farm?

🥚 The Eggs Farm - is a decentralized application built on the Binance Smart Chain (BSC). The object of the game is to buy more Chickens sooner and more often than another farmer. This in turn earns you more BNB quicker. The Chickens work for you tirelessly, giving you a daily average of 5% (1,825% APR ).

The daily percentage return depends on players' actions that are taken within the platform that impacts the Eggs production rate. The Eggs production efficiency rate rises and falls as users buy Chickens, re-invest their earnings, and sell their Eggs for BNB.

Once Chickens are bought, they cannot be sold, and the investment made to buy more of them cannot be taken back. However, once bought, Chickens will non-stop produce proceeds.

What makes it different from other similar platforms?

The Eggs Farm has several anti-dumping and anti-whale measures to ensure the longevity of the project. These measures include maximum deposits, as well as a cutoff time AND a cooldown time for withdrawals.

The cutoff time is the amount of time it will take for your Farm to be full of Eggs. Once the Farm is full, it will stop Chickens to produce more Eggs until you've taken some action in the game (selling Eggs or reinvesting earnings). This is to prevent whales from letting their rewards accumulate for a long time and draining the rewards pool.

The withdrawal cooldown time is the amount of time the user has to wait before making another withdrawal. This also prevents the contract balance from decreasing in value too fast. If the team decides it's necessary to protect the contract balance, this period can be adjusted to slow down the rate of withdrawals, but it can only be set to a value less than or equal to 24 hours. It's protected by contract rules, even the owner has no rights to set this period more than 24h.

The compound count is the number of times the user has compounded. By default, the required compound count is set to 10, meaning the user will have to compound 10 times (compound once every 12 hours) before they can withdraw without the penalty tax of 80%, which goes to the rewards pool (TVL). This feature will ensure the longevity and stability of the project.

There is a bonus to reward users who compound. When you re-invest instead of withdrawing your earnings you get a bonus. The bonus increases by 2% for every reinvestment. The maximum bonus is 20%. This incentivizes the user to compound more often, which will help boost the Eggs production rate in the long run. To get the bonus, the player must not compound more frequently than once per 12h. There is a special timer, which will prevent you from compounding before timer expiration.

For the players who choose to not play the game and only sell, there will be an 80% tax on those sells that will stay in the contract. The only way for the user to not pay the 80% tax is to compound 10 times before making another withdrawal.

How does this platform work?

This platform works similarly to a financial market, where an asset has intrinsic value that is relative to the supply or demand of a said asset. Chickens are purchased with a predetermined currency at a price relative to the Chickens' current mining efficiency rate. After the Chickens are purchased, they start producing Eggs for you to give you the best yield on your investment possible, for as long as possible. Just as any other asset bought and sold on an open market, the price of a Chicken will fluctuate over time, as will the mining efficiency rate, as you and other players buy Chickens, compound earnings, and sell Eggs. The more demand for the Chickens, the more they will increase in value and the more yield they will produce. Inversely, when the demand decreases, so will the value of the Chickens and their daily return on investment.

The main difference between this game and a traditional financial market is that Chickens cannot be sold, only Eggs they produce can be sold. As the players compound their earnings and make new deposits, the game efficiency rate will stay relatively constant, but the moment players start to sell more than they are compounding, the efficiency rate will begin to drop to preserve the TVL and longevity of the game.

What is the recommended strategy?

The best strategy that the team can recommend is to compound by buying more Chickens for 10 days in a row and then sell Eggs once. This will increase the user's investment at the same time increase the daily yield earnings. This strategy has already been tried and tested by several projects and is proven effective both for the short and long term.