Farmbit Review: Is Farmbit Legit, Real, Working, Genuine or Scam. Find out all of these in this Farmbit.io Review.

In this farmbit.io review, I will be discussing all you need to know about farmbit in this review. Just make sure you read every line of this article in order not to get lost of any information.

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What is Farmbit.io

Farmbit is an asset-backed financing platform that provides fast access to financing for businesses using DeFi. Assets are turned into NFTs, which are then financed through FarmBit Pool.

DeFi

Asset owners and DeFi investors interact on FarmBit Pool, a decentralized marketplace to connect business owners, investors and operators. Agribusiness and warehouse asset owners can finance their businesses without banks or other intermediaries.

DeFi & NFT Ecosytem for Agribusinesses

FarmBit opens up economic opportunities for Agribusinesses and warehouses in developing countries.

FarmBit Features

High Interest Rates

Up to 22% APY. Traditional interest rates offer 1 – 2% APY.

A Global Access

Financing assets and providing liquidity is open to everyone.

Flexible Loans

Fast access to cheap financing for small and large Agribusinesses.

Decentralized Insurance

For adequate protection on Agribusinesses and warehouse assets.

Earn Interest and $FMB Tokens

Provide liquidity and earn high interest plus $FMB tokens.

$FMB Tokens

$FMB tokens are used to incentive user’s operations on the network and serve as an essential tool for governance on the FarmBit protocol.

What is Warehouse Financing?

Warehouse financing is a form of inventory financing that involves a loan made by a financial institution to a company, manufacturer, processor, farmer, and aggregator. Existing inventory, goods, or commodities are transferred to a warehouse and used as collateral for the loan.

FarmBit Tokenomics

Token Name: FarmBit Token

Token Symbol: $FMB

Blockchain: Eth, BSC, Polygon

Total Supply: 200m FMB