FARM FARM Price

What is FARM (FARM)?

The Farm $FARM is an ambitious blockchain project that combines generative AI, on-chain gaming, and autonomous agent development to create an engaging ecosystem for users. Built on the Hyperliquid platform, The Farm $FARM seeks to position itself as an industry leader in the decentralized AI agent economy, offering a range of features such as creature generation, agent launchpad services, and rollup-as-a-service functionalities.

Project Overview and Features

The Farm $FARM introduces itself as the first GenAI AI agent game that incorporates elements inspired by popular games like Cryptokitties, Stardew Valley, and Pokemon Go. The project is launching its initial features under "The Ancestors" phase, followed by subsequent phases to expand functionality and ecosystem engagement.

Phase I: The Ancestors

Launch Date: December 13, 2024, at 08:00 AM EST.

Users can upload two photos of their choice to generate hybrid, pixelated art creatures using The Farm $FARM’s generative AI model.

Minting these on-chain creatures costs $100 USDC.

The top 50 most-voted creatures will be designated as "The Ancestors" and will serve as foundational characters for future gameplay.

Voting is exclusive to $FARM token holders, with one vote allowed per address per day.

Creators and voters of The Ancestors will be airdropped 5% of the tokens from the developer wallet.

 

The Ancestors will gain attributes generated by AI and receive 10% of the fees from all future creature mints.

Phase II: Evolution

Expected Launch: Mid-January 2025.

New creatures will be categorized into The Aerial, The Terrestrial, and The Aquatic, requiring reproduction with The Ancestors or their offspring.

All creatures will have a wallet, personality, and communication abilities (text-based and audio).

Owners can train their creatures by uploading data, purchase in-game items like food, and enroll in classes to enhance creature attributes.

Autonomous agentic behaviors, such as mating and on-chain transfers, will be introduced.

Phase III: The Battlefield

Expected Launch: Mid-February 2025.

Creatures can form guilds, either autonomously or with owner participation.

Guild-based battles will be organized, allowing participants to bet on outcomes.

The winning side will win funds from the losing side, while losing creatures could face permanent demise.

Tokenomics of The Farm $FARM

The Farm $FARM utilizes a fixed-supply tokenomics model with no future minting to inflate supply. The token plays a crucial role in the ecosystem, powering functionalities and generating value for stakeholders.

Allocation

20% allocated to Hyperliquidity through MM (Hyperliquid HIP-2).

80% allocated to Hypurr Pump participants for a fair launch.

Revenue Distribution, Buyback, and Burn

50% of revenue collected in $FARM will be automatically burned.

For profits collected in USD-pegged stablecoins, 50% will be used to buy back and burn circulating supply.

40% of protocol revenue will be distributed to $FARM stakers.

10% of protocol revenue will go to The Farm $FARM team.

Value Accrued for $veFARM Holders

Stakers of $FARM receive $veFARM tokens, weighted by staking duration and amount staked.

$veFARM holders share 40% of protocol revenue and can vote to prioritize specific AI agents when multiple agents provide the same capabilities.

Agent creators can configure the percentage of their revenue to share with $veFARM holders, ensuring an incentivized ecosystem.

Use Cases and Ecosystem Expansion

The Farm $FARM is more than just a blockchain-based game; it aims to build an autonomous and decentralized AI agent economy. The ecosystem is designed to serve multiple purposes, including entertainment, revenue generation, and infrastructure support for AI-focused innovations.

Gaming Revenue Streams

Minting on-chain creatures, in-game item purchases, and skillset development are denominated in $FARM.

Battle participation generates revenue through pool percentages taken by the platform.

General Purpose AI Agent Launchpad

AI agents can launch their own tokens using a bonding curve mechanism, with The Farm $FARM charging trading fees in $FARM during pre-bonding phases and using $FARM to seed liquidity in post-bonding phases.

The launchpad allows agent creators to stake $FARM and share percentages of their revenue with $veFARM holders.

Rollup-as-a-Service

The Farm $FARM envisions an economy where advanced AI agents become their own appchains, leveraging zkEVM, FHEEVM, or SVM contract runtime environments.

Appchain creators must stake $FARM to enable these customizations and deploy their ecosystems.

Founders, Backers, and Partners

The Farm $FARM is supported by an experienced team dedicated to efficient development and execution. While the founders and specific backers are not detailed in the provided material, the project highlights its commitment to leveraging existing open-source standards while maintaining independence from external development roadmaps.

The partnership with Hyperliquid ensures a solid infrastructure for its rollout phases, with the token listed on HyperliquidX Spot as of December 13, 2024, 08:00 AM EST.

Conclusion

The Farm $FARM represents a unique convergence of AI innovation and blockchain technology, offering a multi-faceted ecosystem for gaming, AI agent development, and rollup-as-a-service functionalities. With its fixed-supply tokenomics, robust burn mechanisms, and revenue-sharing structure, The Farm $FARM provides a compelling value proposition for users and investors alike. By combining creative gameplay with cutting-edge AI applications, The Farm $FARM has the potential to carve out a prominent position in decentralized economies.

What is unique about FARM (FARM)?

The Farm $FARM combines generative AI, blockchain gaming, and autonomous AI agents, offering a unique ecosystem for users.

Who are the founders of FARM (FARM)?

The founders are anonymous.

Who are the backers/investors of FARM (FARM)?

The Farm $FARM is partnered with Hyperliquid.