AUTO is the native and governance token of the Autofarm protocol operating on the Binance Smart Chain.
What is Auto (AUTO)?
Auto (AUTO) is the native token of the Autofarm protocol launched on the Binance Smart Chain in December 2020. Autofarm is a cross-chain platform that enables users to earn high yields from yield farming pools through staking. By integrating yield optimization and AMM sourcing into a single product, Autofarm aims to become a leading DEX and yield provider on the Binance Smart Chain. This allows users to access two products on a single platform without the hassle of signing up for multiple protocols. Autofarm launched its first cross-chain bridge on the Huobi ECO Chain in February 2021.
In March 2021, Autofarm expanded its ecosystem by acquiring Farmfol.io, a smart portfolio manager designed to help users easily track their assets on the Binance Smart Chain. The AUTO token can be used for proposal voting in governance and receives fees earned from the protocol. AUTO offers a fair token distribution initiated by the community, ensuring only vault users have the opportunity to participate in the AUTO token mining program.
Where to Buy AUTO Coin?
AUTO Coin can be safely and easily bought and sold on Binance, the world’s largest cryptocurrency exchange by trading volume. Currently, AUTO is traded on the Binance platform in the AUTO/BTC, AUTO/BUSD, and AUTO/USDT pairs. At the time of writing this guide, AUTO is trading at around $844.
To purchase AUTO, you must first become a member of the Binance exchange. Upon completing the membership, cryptocurrency or fiat currency must be transferred to the Binance account wallet. Once the transfer is complete, you can buy AUTO Coin from any of the three pairs mentioned above. For purchasing from the AUTO/USDT trading pair, you need to go to the interface of this pair. In the limit section of the AUTO/USDT interface, enter the desired amount to be purchased. After specifying the amount, execute the purchase by clicking the Buy AUTO button.
