AutoMatic NetworkAUMI
$45.0
Market/Exchange
AUMI Price Prediction and Price Movement
AUMI has been down 40.26 percent over the last three months, and with its small market capitalization, it is very likely that such price movement may continue. However three months is still considered early in the crypto world and it is also likely that AUMI's price may bounce back if it has a solid team and has delivered what they promised on their white papers. Therefore traders should be careful and should research thoroughly and see if AUMI is backed by a solid development team and whether AUMI's technology has any potential to grow.
Please note that this analysis is purely base on AUMI's historic price actions and is by no means financial advice. Traders should always do their own research and be extra careful while investing in cryptocurrencies.
AutoMatic Network Price Chart
About AutoMatic Network
AutoMatic is a yield aggregator on the Polygon Chain. It uses an auto-compounding function to increase returns on yield farms. Once set, the protocol runs itself, without the need for further attention from the investor.
AutoMatic Pools reward investors for their commitment to an investment. By autocompounding rewards back into the liquidity pair or single stake initially invested, rewards grow exponentially. This type of growth is extremely powerful as time passes, allowing for returns far in excess of what can be gained by simply using the simple APY of a standard yield farming pool.
The AUMI token is the core of the AutoMatic ecosystem. The token can either be purchased and staked, or earned as a reward from various pools. For every 10 Matic earned through performance fees, 50 AUMI will be minted. AUMI buys and sells are subject to an adjustable tax of 0-10% on trading that will be converted to WMATIC, which will fund the rewards for The Vault.
AUMI token holders will control the decision making and will receive most of the farm performance fee profits. Governance weight is determined by the amount of AUMI you have in the The Vault. The more AUMI you have in the Vault, the more influence you will have in the ecosystem and the future direction of the project.