What is Auto?
Symbol: AUTO
Short answer
Auto (AUTO) is a cryptocurrency.
Source: isthiscoinascam.com
Overview
AutoFarm is a yield farming aggregator operating on the Binance Smart Chain and the Huobi ECO Chain. It was launched with no pre-mine or pre-sale, and the AUTO governance token was introduced on December 15, 2020, with a linear minting process set to conclude around October 2021, producing 0.008 AUTO per block. Only vault users are eligible to mine AUTO, which can also be used for proposal voting and receives a portion of the protocol's fees.
The project incorporates deflationary tokenomics, utilizing vault fees for market buy-backs of AUTO, which are subsequently burned. The primary method for acquiring AUTO is through purchasing on PancakeSwap. The supply cap and additional detailed mechanics of the AutoFarm platform are not specified in the provided information.
Scam-risk analysis
Auto has a moderate score — some risk signals were raised but no critical concerns. Is Auto a scam?
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