When you have utility as a token, you best believe there are investors waiting who don't care about the market conditions. This is why so many alts perform well even when the overall Crypto market cap is down. As we're heading into clearer horizons for the Crypto market after the bear leg in Q4 2021, this is definitely a gem you need in your portfolio:

Recent Performance

Having set an ATL 11 days ago at $0.00721, $BRAINS has rallied almost 4000% to it's present value at $0.288. Needless to say, if you held till the ATH at $0.429 set just 3 days ago, you would be a very happy investor indeed.

So what is the $BRAINS token, what can you do with it, and why should you continue HODLing it?

The Braniac Farm

The utility this token delivers has huge implications for a realm changing the shape of the financial industry; DeFi - that is, Decentralised Finance - is a term that is probably not alien to the majority of Crypto-savvy investors. Many Cryptocurrency, and Blockchain projects are continuously outperforming yields offered to the traditional financial markets. 

The Brainiac Farm is a project that is well rooted in DeFi, offering staggering APY in it's yield farming and staking protocol on the Ethereum chain. The goal is to revolutionise high-yield farming and single asset staking in a way which allows $BRAINS to earn you more tokens of partner and new projects. The process reduces risk exposure whilst maintaining robust reward ratio (and in many cases improving it). Visit brainiac.farm for more.

$BRAINS

The tokenomics taxation structure is as follows:

• %1.5 for project funds including development, marketing, listings
• %1.5 for buyback contracts

The latter in particular catches the eye and should be the first sign (not mentioning their continuous hard work and transparency on social channels) that the development team is very serious about this project indeed. A buyback contract structure, developed in the right way, can seriously protect investors and deliver a win-win situation. The Brainiac Farm effectively does this using smart contracts to avoid trust issues and simplify the team's process. However, they will snap into action if there is a big drop using manual buy backs- an approach supported with a healthy team capital and important in mitigating manipulators ("whales").

Single Asset Staking (SAS)

SAS is the traditional means of staking where you can lock up your $BRAINS to earn APY but it is also a lower yielding mechanism than farming. Here is the lucrative APY table for $BRAINS.

Note that this is not a tiered program (in other words you do not need a minimum of $50,000).

Farming

To farm, one must use Uniswap LP tokens, which if you are unfamiliar with, are essentially the tokens you get when you contribute yours to a liquidity pool. Below is the table to compare with the aforementioned SAS:

As you can see, Farming offers jaw-dropping rewards.

Bonding

A third DeFi utility offered is 'Bonding' which will provide a discount to users for vested $BRAINS if they bought using ETH. This ETH in specific is used in a clever way to support the manual buy backs should $BRAINS ever drop below the "backed value".

The amount of discount will vary but will always be displayed on the website before a user mints. For those who need it, there is a guide on how to bond here.

As evident, the team really does leave no aspect out which might help transform the DeFi experience.

Conclusion

If you ever wanted to get into DeFi, this project is certainly the one that should take you past the broker UI's and OTC solutions. It allows for a lucrative and fresh project, which it's community vouches for everyday on it's telegram, twitter and other socials. The team stays in touch with the ever-expanding community taking particular care of their questions and concerns. The KYC is also audited by Assure KYC and allows for greater visibility and trust in the team from investors.

If you followed up on my last article on 'The Blockchain Brainiacs' which is a telegram group that has outstanding performance on it's predictions, education and advice, it should excite you that they are partnering up with $BRAINS and see value in the utility they aim to provide to the industry.

Remember, be a Brainiac: make the right decisions and manage your risk.