Siphon Finance - First NFT farm that pays out dividends hodling the NFT! (400$ month)

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Would you like to own a crypto that pays you regular dividends every two weeks? Sounds great, right? Introducing to you $Sphn, the native token of Siphon Finance that pays you dividends from liquidity pools every two weeks. Siphon Finance is a unique and innovative DeFi project on BSC ecosystem which brings to you the dividend paying NFT pools! Siphon Finance works as follows:

• $120k from presale funds were put in two high paying farms (about 1% yield per day)
• 20% of the yield shall go to NFT pools as dividends
• 7.5% of the yield rewards will be used to buyback $Sphn for making $Sphn-$Bnb Lp
• 7.5% of the yield rewards will be used to buy $Bnb for making $Sphn-$Bnb Lp
• 35% of the yield rewards will be used for staking pools
• 10% stays in the farms for compounding the staked funds
• 5% will be sent to the treasury as $Bnb
• 5% will be sent to the Dev Wallet as $Bnb
• 10% will be used to buyback $Sphn to burn them forever

(P.S. The above percentages are subject to change based on community votings)

The project is entirely community driven where the people get to decide which farms to put in the funds for perpetual rewards.

• The project has completed the following phases so far
• Raised $180k in the presale for $Sphn
• Raised $150k in the public sale for $Sphn
• Added $Sphn-$Bnb liquidity on Hyperswap and Pancakeswap
• Employed 3 yield farms on the website: app.siphon.finance
• Starvaults and Asteroid farms on Hyperjump.fi
• $120k (from sale funds) have been put in two high yield rate farms
• Established multi-signature for the reward pools
• Multiple AMA sessions held with crypto communities

The project has some interesting roadmap ahead:

• Partnerships with a lot of farms
• Beefy vault for SPHN/BNB pair
• Create a "siphon savings" the ultimate stablecoin vault with added value from siphons
• Establish lottery to burn tokens win % of siphon

The $Sphn mechanism will ensure that there is always enough buy pressure on $Sphn that its price may constantly go up. As an investor, you may not only gain from the price increase due to constant buy pressure, but also from the dividend as well as staking pool rewards. Grab the $Shpn while it's still cheap!

You may like to check out the following links for more information

Website: https://siphon.finance

Medium article: https://siphon-finance.medium.com

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