Growing Farm is launching on Polygon

Published on: 16.08.2021

Why Polygon?

Polygon (MATIC) is a Layer 2 to Ethurem with a POS that offers transaction fees for a fraction of a cent and block time around a few seconds only.

Since its launch, Polygon (MATIC) network is experiencing astonishing high growth figures. We can expect high opportunities to arise if this trend continues.

With the launch of Growing Farm on Polygon, users from the Polygon and Growing communities can now enjoy state-of-the-art yield farm optimizing with ultra-low gas costs.

Introducing the PLOW token

This launch will also mark the initial release of the Polygon GROW Token or the PLOW token.

PLOW Token address: 0x8dE77A8C221AaFF72872408d635B8072600aB80d

The PLOW token is the equivalent eco token of GROW on BSC for the Polygon network with upgraded tokenomics.

Tokenomics of PLOW token

20000 Pre Mint. No VCs. No Pre Sale.

1/ Deposit Bonus

When the deposit bonus rate is 1x: for every 1000 USDC equivalent value deposited, 0.1 PLOW will be rewarded as Deposit Bonus. All Deposit Bonus will be locked for 3 days.

2/ Staking Reward

1000 PLOW per week to All Farming Pools.

3/ Performance Reward

15% of the profit earned through Farming Pools will be bought into PLOW token and redistributed to PLOW Staking pool.

For every 2 PLOW bought from the market as a performance fee, 1 PLOW will be minted as a performance reward.

For every newly minted PLOW token, 0.15 PLOW will be mint for the Dev Fund.

Conversion of BSC GROW to PLOW

A conversion program will be open after the Test Flight. BSC GROW will be able to be converted to the PLOW token at a premium rate. More details on that soon.

The Test Flight Program of Polygon Growing Farm

They were launched the Test Flight program of Polygon Growing Farm at 19:00 on 13th Aug.

Official launch planned on 20th Aug.

Polygon Growing Farm will be available on the beta site only. (https://beta.growing.fi/farm?network=polygon)

Farm Pool and Staking Pool

There will be 2 Plow Pools and 6 Farm Pools during the Test Flight:

PLOW Staking Pool
PLOW-USDC LP Pool
DINO
DINO-USDC LP
USDC-ETH LP
USDT-MATIC LP
pSWAMP
pWINGS

Learn about the Fees on https://docs.growing.fi/farm-fees#2c15102cf3a04e2081884aac5b96ac77

Zap!

Introducing the Zap feature for all pools on the Polygon Growing Farm.

Thanks to the ultra-low gas cost on Polygon, they can build the swap feature into the platform and make the interaction with pools as easy as possible.

No need to go to the original platform, “approve”, “swap”, and “add liquidity” then go back and “approve” and “deposit” anymore.

Just choose to deposit with MATIC, USDC, or the asset you already own. And Zap! It’s done!

Who is eligible for the Test Flight program?

Every wallet address that participated in the BSC Growing Farm Test Flight program is eligible for all pools. Others can only invest in PLOW pools.

If you are on the list. We have airdropped 0.01 MATIC to your address. You can use it for the gas fee to kick things off.

0.01 MATIC should be enough for more than 50 transactions on Polygon!

You can get 0.0005 $MATIC from Polygon Faucet (https://matic.supply/) for free if you are not on the list!

How to move funds from BSC to Polygon?

Anyswap (https://stable.anyswap.exchange/#/swap) is the best way to transfer your stablecoins and ETH from BSC to Polygon, and it’s free!