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auto  (AUTO)

Auto (AUTO)

$1,343.96 5.4%
0.03722795 BTC 6.5%
3.94337589 BNB 3.8%
12,384 people like this
Market Cap
$34,249,538
24 Hour Trading Vol
$5,947,459
24h Low / 24h High
$1,255.05 / $1,348.69
Circulating Supply
25,482 / 47,671
Fully Diluted Valuation
$107,524,112
Max Supply
80,000
Total Value Locked (TVL)
$927,995,233
Market Cap / TVL Ratio
0.04
Fully Diluted Valuation / TVL Ratio
0.12

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Auto Price and Market Stats

Auto Price
AUTO Price $1,343.96
Market Cap $34,249,538
Market Cap Dominance 0.00%
Trading Volume $5,947,459
Volume / Market Cap 0.1737
24h Low / 24h High $1,255.05 / $1,348.69
7d Low / 7d High $1,053.48 / $1,305.05
Market Cap Rank #509
All-Time High $13,988.94 -90.4%
Feb 20, 2021 (4 months)
All-Time Low $22.81 5798.3%
Jan 24, 2021 (5 months)
Affiliate disclosures
# Exchange Pair Price Spread +2% Depth -2% Depth 24h Volume Volume % Last Traded Trust Score
1 AUTO/BUSD
$1,351.14
1348 BUSD
0.22% $22,489 $125,967
$728,290
539.019 AUTO
12.19% Recently
2 AUTO/USDT
$1,354.59
1350.69 USDT
0.36% $36,152 $53,958
$2,138,159
1578.459 AUTO
35.85% Recently
3
MXC MXC
AUTO/USDT
$1,347.30
1347.3 USDT
0.37% $23,286 $32,968
$88,107
65.396 AUTO
1.48% Recently
4 AUTO/BTC
$1,354.33
0.03741 BTC
0.51% $15,115 $24,647
$272,800
201.429 AUTO
4.57% Recently
5 AUTO/USDT
$1,336.01
1332.57 USDT
1.86% $70 $59,474
$33,005
24.704 AUTO
0.55% Recently
Show More
* Anomaly - Trading price is an outlier against the average
** Inactive - No trades in the last 3 hours

Auto Coin Price & Market Data

Auto price today is $1,343.96 with a 24-hour trading volume of $5,947,459. AUTO price is up 5.4% in the last 24 hours. It has a circulating supply of 25 Thousand AUTO coins and a max supply of 47.7 Thousand. If you are looking to buy or sell Auto, Binance is currently the most active exchange.

What is AUTO?

AUTO is the governance token for AutoFarm. AUTO can be used for proposal voting and will receive fees earned from the protocol.

Autofarm started with no pre-mine nor pre-sale. AUTO is minted linearly starting from 15 December 2020 and will end approximately during October 2021 (0.008 AUTO/block). To ensure fair distribution, only vault users are able to mine AUTO.

Deflationary Tokenomics: Vault fees are used to perform market buy-backs of AUTO and burnt forever.

 

How to obtain AUTO?

You can purchase AUTO from PancakeSwap.

 

What is Autofarm?

auto bsc binance smart chain defi amm

AutoFarm is a yield farming aggregator running on both Binance Smart Chain (BSC) and Huobi ECO chain (HECO).

As of February 2021, Autofarm supported the yield farming of four protocols:

The team is expecting to release a Decentralized Exchange (DEX) aggregator as part of their roadmap. 

 

How to use Binance Smart Chain?

To access Binance Smart Chain, users can access it through Metamask or Binance Chain Wallet. Users will have to customize their Metamask by key in the following details after choosing custom RPC from the network’s option.

 

binance smart chain wallet

 

Binance operates two different chains:

  1. Binance Chain - BEP 2

  2. Binance Smart Chain (BSC) - BEP 20

Binance DEX is the primary decentralized app operating on Binance Chain. Most other projects are building on the Binance Smart Chain. The easiest way to convert any assets to its BEP 20 representation is through the Binance exchange. 

For example, after depositing Bitcoin to Binance Exchange, users can choose to withdraw it in the forms of ERC 20 (ETH), BEP 2 (Binance Chain), BEP 20 (BSC), and BTC’s native chain. Choose BEP 20 if you would like to have the asset interact with Autofarm. 

 

binance exchange

An alternative is through Binance Bridge, where users can swap the assets cross-chain from any L1 chain to BSC. 

Users will need to have BNB to pay for any transaction fee on Binance Smart Chain, similar to how users will need ETH to pay for transaction fees on Ethereum.

 

How to use Huobi ECO chain (HECO)?

Users will have to connect with a customized network using Metamask. Please refer to the official guide for more details. 

Like the function of ETH in Ethereum as a gas fee, users will need to have HT to pay for any transaction fee in HECO.

 

What are the fees incurred from using Autofarm?

Currently, total fee charges range from 2.2 - 4.0% for BSC vaults and 0.08% for HECO vaults.

 

auto farm defi bsc yield aggregator

Using the BTCB vault as an example, we can see that the current strategy is to yield farm on Venus, and the expected return is 37.9% per annum - with 21.1% from the Venus farm and 16.8% from free AUTO rewards. The Annual Percentage Rate (APR) and Annual Percentage Yield (APY) shown have already included the fees.

  • APR refers to the simple interest accrued over a 1 year period.

  • APY is the compounded version of it, from above we can see that it is expected to compound 1387 times in a year. 

There are no management fees, other than the one-off entrance fees, all the other fees are charged on the profits. 

  • 0.6% of Controller fee for operating cost

  • 0.5% as the platform fee

  • 1.5% used to buy back AUTO from the market and then they will be burned

This results in a total of 2.6% performance fee. 

 

What are Autofarm’s vaults?

Like Yearn Finance, the vaults help users claim yield farming rewards and sell them for the underlying assets. Vaults benefit users by socializing gas costs, automating the yield generation and rebalancing process, and automatically shifting capital as opportunities arise. End users also do not need to know the underlying protocols involved or DeFi, thus the Vaults represent a passive-investing strategy. It is akin to a crypto hedge fund where the aim is to increase the amount of assets that users deposited.


 

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