Beefy.Finance (BIFI) is a decentralized, multichain yield optimizer that allows users to earn compound interest on their crypto holdings. The platform uses smart contracts to automatically maximize user rewards from various liquidity pools, automated market making projects, and other yield farming opportunities in the DeFi ecosystem.

The $BIFI token is the governance token of the Beefy project, connecting stakeholders across the project. It has two primary use cases:

1. Governance: Holders of $BIFI can vote in governance decisions for the DAO, ensuring decentralized decision-making.
2. Stakeholder Incentivization: The project incentivizes stakeholders by distributing a portion of the revenue generated by vaults to tokenholders through Incentive Programmes. This encourages participation and governance engagement.

The $BIFI token has a fixed supply of 80,000 tokens, with no minting or burning functions. This supply is fully distributed, and the Beefy Treasury holds tokens for various purposes such as protocol-owned liquidity and redemptions.

BIFI holders can stake their tokens in Beefy Maxi vaults to earn rewards. These rewards are paid out in native tokens, incentivizing users to participate in the governance process and contribute to the project's growth.

Beefy's Vaults automatically compound arbitrary farm reward tokens from decentralized exchanges back into the initially deposited asset, ensuring users earn the highest APYs with safety and efficiency in mind. Users remain in full control of their crypto, as funds are never locked in any contract.

Beyond governance and incentivization, $BIFI can be used for liquidity provision and as collateral for loans, further expanding its utility within the DeFi ecosystem.

To store Beefy Finance (BIFI) tokens, follow these steps using the Coin98 Wallet:

1. Open Coin98 Wallet: Open the Coin98 Wallet app on your device.
2. Click Receive: On the home screen, click the "Receive" button.
3. Search BIFI Token: Search for "BIFI" in the token list.
4. Copy Wallet Address: Click on the correct result and copy the wallet address.
5. Send BIFI to Address: Send your BIFI tokens to this copied wallet address.

By following these steps, you can securely store your BIFI tokens in your Coin98 Wallet.

To buy Beefy.Finance (BIFI) tokens, follow these steps:

1. Register and Verify:

   • Create an account on a CEX like Binance, CoinEx, or gate.io.
   • Verify your identity with a government-issued ID and enable two-step verification for security.

2. Fund Your Account:

   • Deposit fiat currency (USD, etc.) using services like PayPal or Robinhood.
   • Buy USDT, ETH, or BNB using fiat.

3. Transfer to BIFI-Supporting CEX:

• If needed, transfer your USDT, ETH, or BNB to a CEX that supports BIFI trading.

4. Buy BIFI:
   • Use your USDT, ETH, or BNB to buy BIFI in the spot market.

1. Get a Web3 Wallet:

   • Download and install a Web3 wallet like MetaMask or Trust Wallet.

2. Create and Set Up Wallet:

   • Create a new wallet and set it up according to the wallet's instructions.

3. Transfer Mainnet Cryptocurrency:

• Transfer ETH, BNB, or other mainnet cryptocurrencies to your wallet address.

4. Connect to DEX:

   • Connect your wallet to the DEX and follow the instructions.

5. Swap for BIFI:

   • Find the "Swap" option, select the token you want to trade, and enter the amount.
   • Confirm the swap and wait for the transaction to complete.

• Transak: Use Transak, a regulated platform, to buy BIFI in the United States. It supports various payment methods like credit cards, Apple Pay, and Google Pay.
• Other Exchanges: You can also buy BIFI on other exchanges like CoinEx and gate.io, which offer different features and fees.