What is Formation Fi (FORM) | What is Formation token | What is FORM token
In this article, we’ll discuss information about the Formation Fi project and FORM token
Formation Fi’s risk parity protocol is the first chain-agnostic, algorithmic, defi yield-management platform driven by the risk parity portfolio management strategy.
That means it’s automatic, transparent, can be tailored to everyone’s risk appetite and bag size, and won’t be tied to a single clogged chain.
It’s the latest and the most sophisticated attempt to create a DeFi risk-parity robo-advisor to algorithmically calibrate asset allocations across core asset classes such as stablecoins, alphas, and betas based on volatility and environmental changes. All under a single unified interface that finally connects all the different DeFi Lego in a clear and simple way.
This simplicity is key.
Chasing different yield farming strategies, different chains, and constantly changing technical layers is painful.
Who cares what layer you’re on? All that matters is making money. DeFi should be as simple as a single click to make money. And it can be.
You select your acceptable level of risk with a minimum amount of commitment determined by the algorithm in the top reserve currencies such as BTC, ETH, USDT, or BNB. The protocol will then automatically configure and recommend a chain-agnostic portfolio of yield farming strategies, tailored specifically to you and engineered to offset risks posed by both bull and bear cycles.
The table below shows some example strategies, but the possibilities are literally endless.
The protocol also uses a small amount of leverage to boost yield while maintaining the optimal level of diversification.
The protocol will then mint you an index token that tracks the underlying cross-chain DeFi assets and yield farming strategies. That’s all there is to it. No need to track and manage a million different assets. No need to go bankrupt from gas fees. Just let the index token do its work and track your yields in the dashboard.
Formation Fi will save you valuable time, headaches, and most importantly, money.
Best of all, the Formation Fi token is itself a potentially valuable crypto-asset. The index token can be sold, bought, or swapped like any other ERC-20 token. It can also be deployed into other yield farming strategies or added into a liquidity mining pool to further boost yield at the holder’s discretion. Because double dipping matters, and multi dipping is one of the things we love about DeFi!
Formation Fi is built on the following guiding principles:
- Chain-agnostic
- Low Transaction Costs
- Radical Simplification
- Investment over Speculation
- Communal Effort
- Long-Term Focus
- Constant Innovation and Safety
FORM token
- Form token entitles its holders a right to vote and a portion of future net income generated by the protocol;
- Form token holders will have exclusive access to the secret Dark Pool’s only accessible to the members of the Formation FI ecosystem; and
- Economics of Form token has been formulated to reward the long-term interest of the key stakeholders and demotivate short-term speculative behaviors in the ecosystem.
THE ANATOMY OF A TRIPLE UTILITY
Form token is a governance token with profit sharing. Simply put, it provides a right to vote and future income to its holders. While such functionality of a utility token is nothing new in DeFi, we would like to bring your attention to a few fine details.
On governance, a Form token holder will be able to cast a vote on many issues related to the critical functioning of the ecosystem such as approving budget, proposals on a new partnership, and changing certain parameters of monetary policy. Because Formation FI executes on the idea of Progressive Decentralization, which we will explain later in another Medium post, the deployment of DAO governance structure will take place over time on a step-by-step basis.
On profit sharing, a Form token holder will receive rewards in Form when they provide liquidity to ALPHA, BETA, GAMMA, and PARITY indices. Now, the protocol’s revenue model is designed in such a way that 50% of the revenue collected will be distributed proportionally to the Form token holders. The other 50% will go to the Operational Treasury until weekly Maximum Ops Treasury Amount is reached and all excess profit will be burned as a deflationary measure
On dark pools, Form token will offer its holders a special member-only access to secret liquidity pools. Details will be revealed to those who possess the ability to recognize its power.
THE COMMITMENT TO LONG-TERM VALUE CREATION
Total Supply of Form Token is 1,000,000,000 + Annual Inflation of 2% in Perpetuity (variable upon community vote) after 40% of the allocation for initial depositors and liquidity providers has been released. 20% of the total supply will be released to users as a reward when V1 is fully released with cross-chain capabilities in the first 12 months.
The remaining 80% will be released algorithmically over the ensuing 10 years.
After the 250,000,000th Form token is released, an automatic 2% (of the cumulative total supplies released thus far) per annum will be released algorithmically in perpetuity to absorb the growing demand of the Form token and also to build up the Ops Treasury to further fund the growth of the protocol. This could be subject to the community vote.
The key underpinning of the Form token economics is the idea of long-term value creation. We believe that great things take time to build properly and will require the long-term commitment from the team.
The protocol is also reserving 10% of the total supply for the Future Security and the Maintenance of the Network. This reserve is set aside to financially incent the future dev team and core investment and research professionals to provide unparalleled capabilities to the ecosystem. This reserve represents the ultimate expression of the founding team to grow Formation FI into the pre-eminent, full-fledged DeFi services protocol for the coming generations.
The vast majority of the proceeds from Form token sales will go into developing the technology and ecosystem development. We believe that one of our core competences will be our technology and its on-going evolution and advancement to the very top in DeFi.
How and Where to Buy FORM ?
FORM has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by first buying Bitcoin, ETH, USDT, BNB from any large exchanges and then transfer to the exchange that offers to trade this coin, in this guide article we will walk you through in detail the steps to buy FORM token.
You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…
We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.
Binance is a popular cryptocurrency exchange which was started in China but then moved their headquarters to the crypto-friendly Island of Malta in the EU. Binance is popular for its crypto to crypto exchange services. Binance exploded onto the scene in the mania of 2017 and has since gone on to become the top crypto exchange in the world.
Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…
Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)
Next step - Transfer your cryptos to an Altcoin Exchange
Once finished you will then need to make a BTC/ETH/USDT/BNB deposit to the exchange from Binance depending on the available market pairs. After the deposit is confirmed you may then purchase FORM from the website: https://formation.fi.
The top exchange for trading in FORM token is currently …
Find more information FORM
☞ Website ☞ Social Channel ☞ Social Channel 2 ☞ Message Board ☞ Documentation
🔺DISCLAIMER: The Information in the post isn’t financial advice, is intended FOR GENERAL INFORMATION PURPOSES ONLY. Trading Cryptocurrency is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money.
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