Nowadays, the cryptocurrency world is being driven by memes, shitcoins and non-functional tokens, created on several different networks and blockchains, which serve no purpose at all other than tricking users into trading those assets to create market fluctuations that are backed by no specific reason at all and are all artificially made. This mess must come to an end, and cryptoandreviews.com is here to do that.
The benefits of Non-Fungible Yearn are closely linked to the utility of the tokens which will be reviewed on this article.
Cronos, PancakeSwap and The Sandbox all had a quick run up when they were introduced into the market. Many people invested in the initial idea while others didn’t. You know the rest of the story as of today.
A lot of investors have hurriedly delve into investing on a project they have little knowledge about Due to Fear Of Missing Out. So on this article, we will review Non-Fungible Yearn token by explaining what the coin is about, insights on the project listing the pros and cons, the supply and how legit/safe the token is for investment.
Please note; This is not an Affiliate Link related article, neither is it a Promotional Article.
About Non-Fungible Yearn
What is Non-Fungible Yearn?
Non-Fungible Yearn is a DeFi platform whose goal is to utilize the full potential of Non-Fungible Tokens (NFTs) in the DeFi sector. As of now, DeFi is dominated by ERC-20 tokens, which are fungible tokens, meaning that all are the same and are not unique from one another.
While ERC-20 tokens are surely needed and are not going to be going away anytime soon, there are many other different token standards that are rarely mentioned, ERC-721 being one of them. ERC-721 tokens are non-fungible tokens, meaning that each token is unique and no two are like, this is because of the unique token id that each token is given at the time of being minted. Currently, ERC-721 tokens are mostly used as collectibles, the Non-Fungible Yearn platform will re-imagine how these tokens have been used by creating a use case for them in DeFi.
Non-Fungible Yearn Supply
There are 91,220.85 NFY in supply worldwide.
Pros and Cons of Non-Fungible Yearn
Pros of Non-Fungible Yearn
- There is a surge in the market price currently
- Project whitepaper available
- Contract on Ethereum
- They are fully decentralized
- A lot of investors are ‘flocking’ to invest
- It is listed on coinmarketcap
- Good navigational website
Cons of Non-Fungible Yearn
- The coin is still under research and development
- Multiple issues with its synchronizations between ledgers
- Not listed on some exchanges
- No Github profile
- They have no reddit account
- No Bitcointalk thread created
- No traceable features on tradingview
Is Non-Fungible Yearn Legit or Scam?
A cryptocurrency project requires you to part with your hard earned cash in order for you to become successful. You expect some level of transparency and professionalism from a project or the team that is asking for your money.
According to research and reviews, Non-Fungible Yearn have developed a problem solver but with a weak back up for the token they produce. Going through their community and roadmap about their project, their visions and aims have so far been achieved.
Is Non-Fungible Yearn Safe?
Being willing to invest in any token is a question entirely up to you to answer. Non-Fungible Yearn token has a formidable team and vision to backup their digital assets and project. The project will succeed but depends if the team keeps the vision active and alive.
Make personal research on the coin, visit coin’s official website.
Follow our blog to learn about coin legitimacy. You can share your thoughts and experiences about Non-Fungible Yearn on the comment section below. Don’t forget to rate and leave a review.