★ ★ ★ ★ ☆

FarmEOS

Gambling
FarmEOS is the world's first DApp gaming eco-platform that combines game mining, Bancor and price dividend weight. PoB (Proof of Bancor) and DoP (Dividend of Price) are also the new mining modes pioneered by FarmEOS team. FarmEOS is a blockchain game platform in which players are shareholders.
Key Metrics

User Experience

★★★★☆

Token Integration

★★★★☆

Team

★★★★☆

Community

★★★★☆

Security

★★★★☆
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FarmEOS Review

root
Reviewed: 31 January 2019
FarmEOS is the world's first DApp gaming eco-platform that combines game mining, Bancor and price dividend weight. PoB (Proof of Bancor) and DoP (Dividend of Price) are also the new mining modes pioneered by FarmEOS team. FarmEOS is a blockchain game platform in which players are shareholders.
Name FarmEOS
Platform
EOS
Token of interest
FOS
Supporting wallets
Category
Users 24h
2597
Users 7d
Overall rating:
4 / 5
User experience
★★★★☆
Token integration
★★★★☆
Team
★★★★☆
Community
★★★★☆
Security
★★★★☆

How to use

  • Login in Farmeos.io
  • Use EOS to get FOS
  • Earn FARM through gaming or leasing.
  • Choose the game
  • Either choose to play or to lease

Functionality

To encourage more players to participate in FarmEOS, each bet of an EOS will receive a certain amount of FARM tokens, and according to the amount of betting and the price of the FARM, players can obtain a certain amount of dividend weight, gain platform revenue, and become platform shareholders. PoB (Proof of Bancor) and DoP (Dividend of Price) are the new mining modes pioneered by FarmEOS team.

TOKEN MECHANICS
Only FARM can be mined by playing games and FARM dividends need to withdrawn ones per every 24 hours.
The POB mining principle is based on the player’s bet amount, the platform will automatically give player FARM token valued 0.75% of his bet amount and put 0.75% of the player’s bet amount in the Bancor reserve, so that the Farm token has a corresponding value. The more players the more Bancor reserves. The price of FARM increase as the Bancor reserve increase and the difficulty of mining will rise. When the price of FARM rises to a certain level, some players choose to sell FARM and to get EOS. At this point the price of FARM decrease as the Bancor reserve decrease, and the difficulty of mining will reduce.
The DOP mechanism combines the equivalence and the Vieta theorem with a certain percentage to create a new way of calculating the dividend percentage. In this way the dividend can be a little higher even when the FARM price is too low, and when FARM price is too high the dividend percentage reduces until the FARM price reaches a certain value. FARM holders can withdraw dividends ones per 24 hours.
Repurchase funds: According to the proportion of FOS shareholding sales, the corresponding profit of the FarmEOS platform for repurchase will be transferred to the repo account (farmeosbank5) weekly, and the full amount of funds in the repo account will be used for re-purchase activity. The start time of Repurchase activity: Start at 20:00 every Thursday (UTC+8) and end at 20: 00 next Thursday (UTC+8). The process is repurchased from time to time for one week. And all those repurchase funds must be entered into the secondary market (newdex.io) for repurchase during the repurchase period.
About the LOCK MECHANISM for FOS shareholding
The total amount of FOS shareholding is 100 million, of which 20% is used for game mining (20 million),and players can get the interests of FARM when they playing games on farmeos.io. The corresponding FOS of this part (FARM) will be permanently locked.
Farmeos will use 30 million FOS for operation and maintenance, marketing and new game development, and this part will be locked for a long time based on comprehensive market feedback. So Combined with the corresponding FOS of mining FARM, the total FOS for locking is 50 million. The rest FOS will be used for the Eco-integration of blockchain industry, such as strategic cooperation with exchanges, wallets and other enterprises. This part of the FOS will be temporarily locked. They cannot be unlocked until the strategic cooperation reached. Strategic outcome Conference will be released one week in advance of the unlock and announced to the FOS shareholders clearly. Based on the above FOS shareholding management system, the maximum amount of FOS currently available for trading in the market is 15.75 million.
LEASE INSTRUCTIONS

1. Players can voluntarily lease their staked FOS to FarmEOS, and click the lease button to open it.

2. Players have no right to interfere with FarmEOS in how to use those staked FOS;

3. FarmEOS must send players' staked FOS back within 24 hours after players click "unstake" button.

4. FarmEOS team will take a certain proportion of the project profits as the rental income and put them into the rental income pool. All the players who lease FOS to the platform will share the rental income in proportion according to the loan amount. Leasing is a two-way voluntary activity between the player and the platform, and either party can choose to terminate the lease.

Issues
There are not much at this point. Only minor as with the website is occasionally down and also the way it is communicating to the new players are a bit difficult to grasp. As with all gambling platforms, security is at the players risk.
FINAL VERDICT
Overall the DOP & POB are unique features and the games are running smoothly which gives it a good rating. The FARM redistribution system via Bancor is a brilliant idea and is betting the best to the gambling platform. Easy to use and returns through dividends. The overall verdict is Good with a 4/5.
User experience
★★★★☆
Token integration
★★★★☆
Team
★★★★☆
Community
★★★★☆
Security
★★★★☆
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