As I have noticed from this thread, only newbies are praising this project.
And the likelihood that these accounts are owned by the team is high (check their usernames - name.xx.###)
Just another DeFi project using the popularity of the Y_ scheme.
What is the chance that this will be another forgotten project after their token sale in uniswap?
For potential buyers, please do your own assessment and think about its real use case before thinking of your potential profit.
Because you will not get your profits if the project will die early, as soon as they get their money from selling in uniswap.
I am one of the devs.
You are wrong about the Newbies praising the project, this account that I am commenting from is the first account being used by a YFarmLand team member. True that we hired a bitcointalker to handle our ANN but we do not have the luxury of time to waste on posting and creating baseless hype.
Yes, you are right, the boom of other projects like YFI motivated the formation of the project name but what really triggered it's creation is the awesomeness in the idea and also, the fact that in lots of yield farming projects, the devs just dump on the investors, we want to change the narrative, to show that yield farming can be great again. We hope to develop a project that will one day rub shoulders with the very successful ones.
I must say though, you have raised good points about use case and the caution on investors doing their due diligence, to answer the question of use case as a starter, I will say this;
Just as many other yield farming projects are DeFi liquid aggregator, YFarmLand intend to do the same and more. As this is one of our main objective, our first design was flawed and as soon as this was discover in addition to a bug noticed, we informed investors and closed the pools. Updated pools are in works and they would be deployed in coming days.
Other use cases that YFarmLand would be developing include insurance, lending and gaming. Till now, we have been self-funding our development and we intend to keep it that way.
I will leave at this note, who ever is reading this post should do his/her own research and due diligence. Though we the devs are doing our best to make YFarmLand awesome, it is still and will remain an experimental project as clearly stated. Thanks