The 2nd Wave is upon us. The home of Yield Farming, Staking and Rare NFT’s

The financial world is moving forward at an incredibly fast pace, where new tools are being designed and made accessible to anyone willing to explore the Decentralized Finance (or DeFi) space to serve a wide variety of needs. Investment in DeFi has spiked to billions in locked assets. These assets are in the form of digital tokens called crypto assets and have many of the same characteristics as those seen in more typical financial markets.

The Generation Finance platform’s decentralized nature allows it to be permissionless (anyone can use them), transparent and censorship resistant. The use of blockchain technology and smart contracts also significantly decreases counter-party risk.

Moreover, DeFi supporters have latched onto the farming metaphor and brought into existence something known as “Yield Farming”. In this particular case, measuring YGEM yield as the amount of interest that’s grown atop underlying crypto assets when put to use in Generation Finance platform.

Yield Farming enables the exchange of the YGEM tokens not just to receive interest or a loan, but to receive new types of digital tokens within the DeFi ecosystem. This is one of the simplest paths to leverage the tokens for passive incomes. On the other hand, Staking is another method used to gain rewards by holding your cryptocurrency. The latter is particularly for those who are tech savvy and want to participate in maintaining the blockchain networks they use.

All you have to do is first join one of the Generation Finances protocol’s liquidity pools from the platform or another exchange. This in turn promotes liquidity of the token and gives the holders of the YGEM token real value.

NON-FUNGIBLE TOKEN (NFT)

The boom of 2017 saw the rise of Crypto Kitties, a fun collectible game that was embraced by the crypto community for its uniqueness and innovative concepts. Now in 2020 we find ourselves in the same creative pattern and what better way to express yourself than to link Defi with Non-Fungible Tokens (NFT’s).

WHAT IS NFT ?

NFT is a type of special cryptographic token because they can offer exceptional attributes which make them unique and digitally scarce. To completely comprehend what makes these tokens special, it is worth knowing the difference between “fungible” and “non-fungible.”

When something is fungible, in this case a token, it means it can be easily replaced by something identical — and it is easily tradable. Numerous tokens and undoubtedly cryptocurrencies are fungible. In the event that you send somebody a Bitcoin, and get one back, you wouldn’t see any difference. Most of the time, fungible tokens are built using a standard called ERC-20. For the sake of simplicity, let’s imagine each of these tokens is a $1 bill. If you sent a token to someone, and got another one back a week later, they would be identical.

This is not the same with non-fungible tokens — NFT’s are ERC-721 compliant. Every token has unique information and different levels of rarity. If you were to inadvertently send one of these tokens to somebody, and get an alternate ERC-721 token back, you may be exceptionally disturbed and upset!

Fungible tokens are also divisible — meaning you can send a fraction of one ERC-20 token. (Like cash, where you can pay with a $10 bill and get change.) On the other hand, non-fungible ERC-721 tokens cannot be divided and must be bought or sold whole.

NFTs can be used by decentralized applications (DApps) to allow for the creation and ownership of unique digital items and collectibles. While NFTs can be traded in open marketplaces that connect buyers with sellers, it is worth noting that the value of each is uniquely different.

The standardization of NFTs allows a higher degree of interoperability, meaning that unique assets can be transferred between applications with relative ease.

NFTs have the potential to be one of the key components of a new blockchain-powered digital economy since the trustless transfers and management of these assets could reduce friction in trade and the global economy.

GENERATION FINANCE NFT — PRECIOUS YGEM’S

RARE Precious Gem Collectable coming soon !

Introducing Generation Finance’s most exciting innovation “Precious YGEM’S”.

These RARE and VERY LIMITED amount of collectable cards will be available to buy with your staked YGEM tokens meaning when you farm you have an opportunity to farm a very rare YGEM which is totally unique to all other collectables both on the platform and in the NFT marketplace.

You can gain NFT’s by staking your YGEM’S on the Generation finance platform if you farm 1 type of vault you will get a more readily available mintable Collectable if you farm all the vaults for a max of 10 days you will be eligible to get the very limited and rare Precious YGEM’S. This will bring excellent speculative value and interest to the platform and also make your Defi Yield farming experience both exciting and rewarding and you have the choice to hold that value or trade it off on multiple different NFT’s markets such as the Open Sea marketplace and more.

Staking YGEM’S for a minimum of 7 days you will receive less is staking rewards which will mean less chance of getting your hands on these precious YGEM’S. With this exciting and innovative concept you will be competing against some pretty excited community members and they will want to farm more and stake more to farm those precious YGEM’S and create a very unique NFT collection for themselves.

You see Generation Fiance is going places and we want you to be a part of the protocol and help forge its destiny in the Defi space.

WHY INVEST IN NFT’s — PRECIOUS YGEM’S ?

Photo by Micheile Henderson on Unsplash

NFTs have proven to be a profitable form of investment owing to some of the following reasons:

1. Adds Value for the YGEM

2. It provides Investors more Liquidity

3. Potential for growth and development

SECOND WAVE PRE-SALE ALERT !

• The 2nd Wave event is going to be announced soon on our community channels.
• Twitter page : https://twitter.com/Generationfina2
• Telegram community : https://t.me/generationygem
• Hosted on our own secure website www.generation.finance
• The registration and timer will be visible on our website too https://generation.finance/ so you can track our progress.

The 2nd wave details including the time and length of the 2nd wave are yet to be announced. So, don’t miss your chance to get in on the 2nd wave with some very exciting bonuses and offers during the event. The ERC-721 NFT’s are set to be a rare and very limited number of collectible cards. You simply need to use your staked YGEM tokens to acquire them. The question is will you farm the 1st ever precious YGEM or will you be chasing the rarest Precious YGEM the choice will be yours but hurry or will one of the community beat you to it.

Once the presale is complete we will research and nominate an Auditing provider via YGEM’s governance voting model. The auditing provider will be tasked to audit the entire platform such as Smart contracts wallets and vault contracts before the main net launch.

JOIN THE YGEM HUNTERS NOW ON!!!

SOCIALS

Website: www.generation.finance

Twitter page : https://twitter.com/Generationfina2

Telegram community : https://t.me/generationygem