NFT4Play Partners with UniFarm
More ways to reward 4PLAY holders
NFT4Play’s primary focus is to deliver exhilarating games to players globally; enabling players to compete against each other in tournaments for prizes and to bet against each other in player vs player matches, duals and combat.
We constantly strive to reward our community and have therefore partnered with UniFarm to join their March 2022 cohort 36 along with four promising projects.
UniFarm brings value to 4PLAY holders with innovative staking options, while enabling other communities to be introduced to 4PLAY
Avron Goss — Founder NFT4Play
Unifarm is a group farming and staking protocol for Defi projects. The platform is built to help projects tackle market volatility while offering a competitive APY. Since its inception, Unifarm has accumulated more than 125 million in lifetime TVL. So far, the platform has partnered with over 100+ Defi projects. Matic, Reef, MantraDao, TerraVirtue, Paid Network and Razor have all been on UniFarm.
NFT4Play is a one-of-a-kind P2E platform that connects NFTs and Gaming through Leaderboards, PVP Betting, and Membership Pools. UniFarm is pleased to welcome NFT4Play as a staking partner.
We look forward to many more fruitful collaborations.
Mohit Madan — Founder UniFarm
The platform works on a cohort to cohort basis where a group of high quality projects come together to form a common reward pool following which the users are able to stake any one of these tokens and earn all the others as rewards. In addition to this, UniFarm also helps projects on its farms to leverage ecosystems of partner projects facilitating cross community exposure while creating long term holders.
Example: How it works
UniFarm brings together a cohort of 4 projects (or more) to create a reward pool. The token holders of any of those projects can stake their tokens to get all project tokens as rewards.
For this example, assume the cohort is made of 5 projects with the following tokens: $T1, $T2, $T3 and $T4.
Users can stake any one token and get all as rewards.
If you are staking $T1, then here is how the reward sequence will work:
- Week 1: You’ll be earning $T1 as a reward.
- Week 2: You’ll be earning $T1 and $T2 as rewards.
- Week 3: You’ll be earning $T1, $T2 and $T3 as rewards.
- Week 4+: You’ll be earning $T1, $T2, $T3 and $T4 as rewards.
The only fees paid are gas fees and there are no penalties for unstaking, however the full amount must be unstaked at the end of the period.
Unifarm guarantees a minimum APY for each cohort, ensuring value creation for stakers. For details as to how the APY is calculated click here.
What are the benefits
This partnership, and Unifarm’s unique solution, delivers a multi layers of benefits which should ultimately be rewarding to all. There is truly something for everyone!
Staking — Stake in 4PLAY and earn rewards in 5 tokens
Tokens Locked — $50k worth of 4PLAY tokens will be locked for 6 months that would otherwise have been unlocked
Increase 4PLAY holders — 4PLAY tokens will be made available and promoted in 4 active communities
UniFarm Cohort Details
A “cohort” is a group of projects joining together for a pool on UniFarm.
The participants in UniFarm Cohort 36 (Binance) are:
- NFT4Play ($4PLAY) — https://www.nft4play.com
- BattleVerse ($BVC) — https://battleverse.io/
- SpaceSwap ($MILK2) — https://spaceswap.app/
- UniFarm ($UFARM) — https://unifarm.co/
Staking 4PLAY tokens here may therefore be more attractive than staking on the NFT4Play site as the rewards generated include tokens from all of these projects as well as a generous NFT giveaway.
See UniFarm for details when staking, the key points are:
- Stake any ONE token (e.g $4PLAY) and farm ALL the others
- The pool for Cohort 36 will last for 180 Days
- We guarantee a minimum of 36% APY for this cohort
- Earn up to 200% APY
- Maximum user staking limit is $500k per project
- The pool is on Binance Network, with BEP-20 Tokens
- Users can only unstake their tokens after the Cohort ends
NFT4Play is a Play2Earn platform that enables players to build teams and compete against each other as individuals or in factions. The company targets a broad global community of sports and fantasy gamers, including eSports. To find out more visit the company’s website.
One Farm To Rule Them All. UniFarm has been brought to you by OpenDeFi, the protocol built around OroPocket. It is an innovative farming solution where a number of projects come together to create a reward pool. Users can stake any one token and get multiple tokens as rewards. To find out more visit their website.