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Auto

AUTO

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Auto Whitepaper

  • Simple

  • Expanded

  • Experte

Börse Marktpaar Preis +2% Tiefe -2% Tiefe Volumen (24H) Volumen % Typ Liquiditätsbewertung Aktualität
MEXCAUTO/USDT6.816.4227.3854,295.060cex126/13/2025, 2:30 PM
GateAUTO/USDT6.26280.06195.1913,248.820cex27/9/2025, 6:23 AM
HitBTCAUTO/USDT6.80000cex17/9/2025, 6:21 AM
Gate.ioAUTO/ETH6.620000cex14/8/2025, 6:32 AM
SerenityAUTO/USDT8.160000cex07/9/2025, 6:21 AM
SerenityAUTO/USDC8.930000cex07/9/2025, 6:21 AM
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Auto FAQ

What is Auto (AUTO)?

AUTO serves as the native utility and governance token for the Autofarm protocol, which was launched in late December 2020 on the Binance Smart Chain (BSC). Autofarm functions as a cross-chain yield aggregator, enabling users to achieve high returns on their assets through yield farming pools by staking in Autofarm vaults. Autofarm's goal is to become a leading decentralized exchange (DEX) and yield aggregator on the Binance Smart Chain (BSC) by integrating yield optimization and automated market maker (AMM) aggregation into a single product. This integration enables users to access two services within one platform, eliminating the need to register across multiple protocols. In February 2021, Autofarm introduced its first cross-chain vault on the Huobi ECO Chain. The Autofarm ecosystem further expanded in March 2021 with the acquisition of Farmfol.io, an intelligent portfolio manager designed to simplify the process for users to monitor and track their assets on Binance Smart Chain. The AUTO token is utilized for voting on proposals and accrues fees generated by the protocol. AUTO's distribution was initiated with a community-fair launch, ensuring that only vault users could participate in the AUTO token vault mining program.

**Who Are the Founders of Auto?**

Autofarm was established by a pseudonymous individual known as @mildgiraffe. Limited information is available about this person, aside from their expertise and experience in the cryptocurrency industry and their proficiency with code and smart contracts. The total value locked (TVL) of the protocol increased from $5 million to $537 million in under two months, positioning Autofarm as the third highest in TVL within the BSC ecosystem as of April 2021. As a result, the price of Auto experienced a 654-fold increase during this timeframe.

**What Distinguishes Auto?**

A notable distinction of Autofarm compared to other yield farming projects such as Beefy.Finance and ACryptoS is its claim of having some of the lowest fees in the market. Autofarm also possesses cross-chain capabilities, initially launching on the Binance Smart Chain (BSC) before expanding to the Huobi ECO Chain (HECO), with additional cross-chain products planned in its roadmap. Auto offers two primary products: Vaults and AutoSwap. - Vaults is a yield farming platform that compounds yields at optimal intervals and delivers outstanding yield optimization strategies. Vaults provide benefits by sharing gas costs among users and automating the yield generation and compounding process. - AutoSwap is a DEX aggregator that offers users the best prices for their decentralized exchange trades. It distributes trades across multiple DEXs to ensure optimal price value and minimal slippage. End users do not need to have comprehensive knowledge of the underlying protocols or DeFi. Vaults offer a passive investment approach akin to a crypto hedge fund, aiming to grow the deposited assets of users. For more detailed information, visit Eulerpool.

What is the Circulation Supply of Auto (AUTO) Coins?

AUTO, the native token of the Autofarm ecosystem, began its linear minting process on December 15, 2020, and is scheduled to conclude in October 2021. By April 2021, there are 14,600 AUTO tokens in circulation, with the maximum supply capped at 80,000 AUTO. The token distribution is structured as follows: 12% of the tokens are allocated to the development team to support ongoing innovation within the protocol, while the remaining 88% is designated for the vault token mining program.

How is the Auto Network Secured?

Auto is a BEP-20 token secured through the proof-of-stake consensus mechanism. Autofarm conducts regular audits of its smart contracts to guarantee that their vaults remain protected from potential exploits or hacks. Additionally, Autofarm collaborates with Immunefi, a leading bug bounty platform, to manage a bug bounty program. This program offers rewards of up to $100,000 to community members and developers who identify vulnerabilities in the Autofarm smart contract.

Where Can You Purchase Auto (AUTO)?

Auto (AUTO) is available for trading on the following exchanges: - Binance - MXC - PancakeSwap - OpenOcean Please refer to our guide for instructions on how to purchase Bitcoin (BTC) and other cryptocurrencies.

Investors interested in Auto are also interested in these Cryptos

This list presents a carefully selected selection of Cryptos that might be of interest to investors. We have our own crypto analyses for all listed Cryptos on Eulerpool.

Beginnings and the Rise of Cryptocurrencies

The history of cryptocurrencies began in 2008 when an individual or group using the pseudonym Satoshi Nakamoto published the whitepaper "Bitcoin: A Peer-to-Peer Electronic Cash System." This document laid the foundation for the first cryptocurrency, Bitcoin. Bitcoin utilized a decentralized technology known as blockchain to enable transactions without the need for a central authority.

In January 2009, the Bitcoin network commenced with the mining of the Genesis Block. Initially, Bitcoin was more of an experimental project for a small group of enthusiasts. The first known commercial purchase using Bitcoins occurred in 2010, when someone spent 10,000 Bitcoins on two pizzas. At that time, the value of one Bitcoin was just fractions of a cent.

The development of other cryptocurrencies

Following the success of Bitcoin, other cryptocurrencies soon emerged. These new digital currencies, often referred to as "Altcoins," sought to use and improve blockchain technology in various ways. Some of the most well-known early Altcoins include Litecoin (LTC), Ripple (XRP), and Ethereum (ETH). Ethereum, founded by Vitalik Buterin, was particularly distinct from Bitcoin, as it enabled the creation of smart contracts and decentralized applications (DApps).

Market Growth and Volatility

The cryptocurrency market grew rapidly, and with it public attention. The value of Bitcoin and other cryptocurrencies experienced extreme fluctuations. Highlights such as the end of 2017, when the Bitcoin price nearly reached 20,000 US dollars, alternated with sharp market crashes. This volatility attracted both investors and speculators.

Regulatory Challenges and Acceptance

As the popularity of cryptocurrencies rose, governments around the world began to grapple with the regulation of this new asset class. Some countries adopted a friendly stance and encouraged the development of crypto technologies, while others introduced strict regulations or outright banned cryptocurrencies. Despite these challenges, the acceptance of cryptocurrencies in the mainstream has steadily increased, with companies and financial institutions starting to adopt them.

Recent Developments and the Future

In recent years, developments such as DeFi (Decentralized Finance) and NFTs (Non-Fungible Tokens) have broadened the range of possibilities offered by blockchain technology. DeFi enables complex financial transactions without traditional financial institutions, while NFTs allow for the tokenization of artwork and other unique items.

The future of cryptocurrencies remains exciting and uncertain. Questions about scalability, regulation, and market penetration remain open. Nevertheless, interest in cryptocurrencies and the underlying blockchain technology is stronger than ever, and their role in the global economy is expected to continue growing.

Advantages of Investing in Cryptocurrencies

1. High Return Potential

Cryptocurrencies are known for their high potential returns. Investors who got in early on projects like Bitcoin or Ethereum have made substantial gains. This high return makes cryptocurrencies an attractive investment opportunity for risk-seeking investors.

2. Independence from Traditional Financial Systems

Cryptocurrencies offer an alternative to the traditional financial system. They are not bound to the policies of a central bank, making them an attractive hedge against inflation and economic instability.

3. Innovation and Technological Development

Investing in cryptocurrencies also means investing in new technologies. Blockchain, the technology behind many cryptocurrencies, has the potential to revolutionize numerous industries, from financial services to supply chain management.

4. Liquidity

Cryptocurrency markets operate around the clock, which means high liquidity. Investors can buy and sell their assets at any time, which is a clear advantage compared to traditional markets that are tied to opening hours.

Disadvantages of Investing in Cryptocurrencies

1. High Volatility

Cryptocurrencies are known for their extreme volatility. The value of cryptocurrencies can rise or fall quickly and unpredictably, posing a high risk to investors.

2. Regulatory Uncertainty

The regulatory landscape for cryptocurrencies is still emerging and varies greatly from country to country. This uncertainty can lead to risks, especially when new laws and regulations are introduced.

3. Security Risks

While blockchain technology is considered very secure, there are risks associated with the storage and exchange of cryptocurrencies. Hacks and fraud are not uncommon in the crypto world, which requires additional precautions.

4. Lack of Understanding and Acceptance

Many people do not fully understand cryptocurrencies and the underlying technology. This lack of understanding can lead to misguided investments. Additionally, the acceptance of cryptocurrencies as a means of payment is still limited.