What is Auto (AUTO)? How To Buy AUTO In India?

Auto is the native token of Autofarm – a decentralized cross chain yield aggregator platform that fetches the highest APYs for its users. What sets it apart from other DEXs’ is its low fees and a phenomenal range of crypto platforms linked to the project. Auto (AUTO) acts as a governance token on the platform that allows users to vote for proposals and earn returns from the fees accrued by users. The platform Autofarm initiated a fair token launch for its community to ensure that only vault users will have an opportunity to participate in the AUTO token vault mining programme.

Autofarm aims to be a leading DEX and yield aggregator on the Binance Smart Chain (BSC) by incorporating yield optimization and AMM aggregation as a single product. This allows users to have two products within a single platform, solving the problem of registering on multiple protocols. Currently, Autofarm supports some of the major chains including BNB, Cronos, Polygon, HECO, Avalanche, Fantom, Moonriver, OKC, Celo, Harmony, Gnosis, Boba, Velas, Aurora, Oasis, Moonbeam, Evmos, Wanchain and KCC. 

Buy AUTO token here.

WHO ARE THE FOUNDERS OF AUTO?

Autofarm, the platform that is governed by the token AUTO, was founded by a pseudonymous founder named ‘Mildgiraffe’.

HOW DOES AUTO WORK?

Autofarm works with two major products called Vaults and AutoSwap. Vaults is a yield farming technique that compounds yields at optimal intervals to offer good yields. Autofarm aims to be a leading DEX and yield aggregator on the Binance Smart Chain (BSC) by incorporating yield optimization and AMM aggregation as a single product: this allows users to have two products within a single platform, solving the problem of registering on multiple protocols.

WHAT MAKES AUTO UNIQUE USE CASES?

Yield farming: Vaults is a yield farming platform that compounds yields at optimal intervals and offers excellent yield optimization.

AutoSwap:  DEX aggregator that provides users the best prices for their DEX trades. It splits trades across multiple DEXes to ensure the best price value and lowest slippage.

AUTO PRICE ANALYSIS

Source: TradingView 

The 24 hour volume of AUTO is well over $ 2.90 M.  Additionally, the price change of the Binance based token stood at +45.83% in the last 60 days. 

The token saw a wild price dip in November but later consolidated to its base price of $230. The token peaked at $368 on November 25, 2022 and has recorded a day range of $245 – $250 in the same month. 

HOW TO BUY AUTO TOKEN IN INDIA?

Want to buy Auto tokens in India, CoinDCX is the best-suited place. Being India’s leading crypto exchange, CoinDCX is also one of the best Bitcoin and crypto apps for beginners. To begin with, all you have to do is,

• Download the CoinDCX App on your smartphone 
• Enter the details required for registration 
• Complete KYC 
• Once your profile is verified, fund your CoinDCX wallet and buy Auto (AUTO)