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  • October 18th2022

Honor Token Review | Farmhero.io

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Hello everybody, and welcome. David Tatera here with CryptoTutorials.org, and today I'm excited, we're starting a new project. We are going to go over the 10 most exciting tokens of June 2021.

There's there's well over a thousand new tokens that come out every month. It's amazing the volume. I like to keep an eye on a lot of them and see which projects I think are interesting, which ones might be worth an investment of a little bit of money. Which ones I think came up with a novel and unique way to use the blockchain. Which ones just did some cool marketing and I liked their design of things. I think all of those things are important when releasing a new token and I like to keep an eye on all of them.

I'm going to go over each token, what the token is, what it's about and a little bit of background on it. I'm also going to do article for each token that will explain to you how to purchase HONOR if you want to purchase it. I'm going to make it for each of these 10 and I'm really excited to share them with you. So lets get started with Honor Token.

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Blocto Wallet And Token

Things like Blocto, Muneriam, things that have been really, really valuable, take this class. I'm going to teach you how to pick out the good ones, how to apply for the good airdrops and how to successfully get some real coins that are going to hold some value. Go to GetMyFreeCrypto.com and let me know where you want the course link sent. I will send it right over for you to take the class.

What Is The Honor Token

This is honor token. It's selling for just a little bit under 20 cents a token, $240,000 traded in the last 24 hours, and it's a Polygon Network token. Another one on the MATIC network. It's actually another multi network one, which I'll explain, but HonoR Token specifically is on the Polygon Network.

Honor Token

It's been out a little over a week now., and it did what a usual token does. Shot up, came down, leveled out and is starting to climb back up. It went all the way up to close to a dollar and then it's been down as low as 10 cents a token. A bit of a ride, but that is pretty normal for new tokens coming out like this.

Farmhero.io Website For Farming & Staking

What is the Honor Token? It is a token that you use on FarmHero.io Farmhero is a staking, pooling, NFT gaming site. It's one of those that combines all those different features to try to create the best of all the different worlds, to try and give you maximum returns and get people to lock their coins up for a long time, which is what these different platforms really want.

These DeFi platforms want you to lock in your coins up for a while, so as you can see you can buy Genesis NFTs, or loot boxes. The Genesis NFTs each have different properties. This one gives a 1200% APR for $2,200 in MATIC. This one is a thousand dollars in MATIC for this NFT, and it gives you a 1100% APR.

I usually see APY not APR. So that's an interesting one. I want to evaluate what they mean by annual percentage rate, usually it's yield. Then on down here is one at $300, and this one doesn't even have a price on it.

A variety of different NFTs that you use in the games, then you've got their farming and yield farming sections, where you can lock up tokens in different pairings. It looks like they're giving out some pretty high returns on some of the yields from these. Quickswap is getting almost a 5000% return. Pretty amazing if you're actually able to get these, I'm excited, I'm gonna test it out, I'm going to try to put it into some of these staking pools and see what happens and learn.

FarmHero Games - Gambling

This has definitely been a popular site although I did not find it to be very fun. The games are really more like gambling as they are based on random rolls and things, instead of any gameplay.

FarmHero Games And Investing

What is the Honor Token? It is a token that you use on FarmHero.io Farmhero is a staking, pooling, NFT gaming site. It's one of those that combines all those different features to try to create the best of all the different worlds, to try and give you maximum returns and get people to lock their coins up for a long time, which is what these different platforms really want. 

These DeFi platforms want you to lock in your coins up for a while, so as you can see you can buy Genesis NFTs, or loot boxes. The Genesis NFTs each have different properties. This one gives a 1200% APR for $2,200 in MATIC. This one is a thousand dollars in MATIC for this NFT, and it gives you a 1100% APR.

farmhero nft

I usually see APY not APR. So that's an interesting one. I want to evaluate what they mean by annual percentage rate, usually it's yield. Then on down here is one at $300, and this one doesn't even have a price on it.

A variety of different NFTs that you use in the games, then you've got their farming and yield farming sections, where you can lock up tokens in different pairings. It looks like they're giving out some pretty high returns on some of the yields from these. Quickswap is getting almost a 5000% return. If you want to learn more here is my Quickswap review. Pretty amazing if you're actually able to get these, I'm excited, I'm gonna test it out, I'm going to try to put it into some of these staking pools and see what happens and learn.

Honor Token - Auction, FOMO and Roll Games

You've also got some games. There's an auction game, there's a FOMO game, a roll game. FOMO game, I thought it was one of the more interesting ones. Basically what happens is buy Honor Tokens and you swap them into keys and then the keys get used in the games.

In this one every time you deposit a key it adds additional time onto this timer. Whoever has the very last key deposited before it expires, gets a percentage of this. Every time a key gets added back in, it gets split between all these different people who have already put keys in. So as more and more keys get added in, being early on buyer of keys in these pools can become very valuable. When the the pool finally runs out, that's when somebody gets to win some of the money out of it.

Farmhero

There's also a rolling game and auction game. I don't fully understand the auction game. The math on this one doesn't seem to make sense. It's 11 honor to bid and get a 1.23. Honor is about 20 cents, so you're spending 2.20 to get 1.23. I'm not sure I get what this is or how it works, but once I get some HONOR tokens and I can swap them for some keys, I'll play around and I'll see if I can figure it out and explain it to you guys better.

As far as the roadmap goes, the plan here is just to help create yield farms. They have had a significant audit by SureTech. There are a few security concerns in the contract, which is pretty normal. If you haven't seen these guys, they do a pretty amazing overview. So an 87 for a security score is a very good security score. You've got a couple of major findings, couple medium findings, couple minor ones, and you can see they've even resolved the major ones already, and they're working on resolving the rest of these.

This is great because it means that somebody's gone through and looked at their code and found all the places they made mistakes, and now they can go back and fix them. It looks like they're doing that, which is very, very encouraging for it.

Honor Token Overview

So there is HONOR. Another one of these projects that combines a few different elements of blockchain to help create farms and staking and a place to store your tokens.  I'll let you guys know how that whole process goes. And yes also check my post about Voxie Tactics Release Date and Illuvium update. Aloha

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