ApeSwap

Project overview - ApeSwap



WHAT IS APESWAP?

APESWAP is a decentralized platform, we have a dedicated team of very experienced monkeys, who have been in the crypto space for many years. $ BANANA is our native currency. Bet, collect and get $ BANANA all at ApeSwap.

Many projects are involved in space. One of the newest protocols is Apeswap, joining forces with other AMM and yield farming platforms.

Apeswap   see themselves in a unique light, far from conventional norm dispositions. According to the team, the platform was built by "DeFi Apes for DeFi Apes." DeFi Apes has a good reputation and brings experience in the industry.

ApeSwap's native currency is the $ BANANA token. It is easy to earn $ BANANA by staking and joining the liquidity pool to receive tokens as an incentive.

Apes is the name of the ApeSwap community and no doubt the engineers have created their own token to support their monetary system, ApeSwap has made $ BANANA their token utility to support any kind of movement in their trading.

Why should we trust and use it?

I know the reason for the scam action case because the second mainstream of the BSC, AMM and Rugpull issues created some uncertainty to enter some new projects. However, as I said earlier ApeSwap has multiple audit reports of their code and liquidity has been dashed making them have higher confidence than different projects without the audit itself.

How does ApeSwap try to determine its costs?

Everyone knows how to protect the fees of the AMM Decentralized Exchange will always:

Apeswap bank to the fact that the market leads to AMM and the provision of liquidity. This type of protocol creates what we know as yield agriculture. Traditional liquidity incentives coupled with share and income programs prompted ApeSwap to deliver innovative products.

The $ BANANA token is used to facilitate these yield incentives along with the exposure to ApeSwaps' success in the BSC ecosystem.

Main feature

The Apeswap platform includes an Automated Market Builder where traders can trade easily and with limited slippage. The protocol also offers Yield farms with a Total Value Lock (TVL) of $ 35 Million and Annual Percentage Yield (APR) of up to 1,000% on their farms.

$ BANANA Frenzy

As mentioned earlier, the $ BANANA token is the native currency of the Apeswap platform. This token brings all the benefits embedded in using the Apeswap.finance platform. One of the biggest advantages of the $ BANANA token is the Banana frenzy which offers a unique betting and liquidity program. Here's how it works:

  • The first 72 hours, $ 40 BANANA tokens are printed per block
  • The second 72 hours, $ 20 BANANA tokens were printed
  • Forever only $ 10 BANANA printed per block thereafter.

This system was implemented to reward early users of the platform. Users who are quick to bootstrap liquidity are rewarded the most because it is essential to the platform's success. It's also important to note that 10% of all block rewards go to developer funds to be burned or used for expansion.

The core offering is an exchange that allows users to exchange tokens and earn BANANA. As with all exchanges, there are fees to consider. Each token exchange is accompanied by a swap fee of 0.3% at BNB, 0.05% of the swap fee will go to the developer's wallet. The rest returned to the community.

ApeSwap   runs on the Binance Smart Chain (BSC) network so it requires users to have a BSC compatible wallet such as Metamask to use ApeSwap. ApeSwap's main function is to provide users with a token exchange, staking, and pooling platform similar to Ethereum's Uniswap platform, but also designed to reward user activity with BANANA tokens. https://www.youtube.com/embed/acWrJt7GRGg

Combustion Mechanism

Many projects introduce burning mechanisms into their tokenomics to reduce the supply of tokens and increase their value over time. This strategy has gained tremendous traction especially on AMMs such as PancakeSwap. Apeswap is following the existing strategy to reduce circulating supply.

The team has a burn schedule that tracks the protocol growth. Burn schedules are pre-announced and investors can join   Twitter   and   Telegram   for all the future information and burn plans.

Project Updates

The BANANA / CAKE liquidity pool opened last month, and the $ BANANA incentive is distributed to bootstrap liquidity. BSC Gemz performs an audit of the code without any obvious vulnerabilities being found. The team is currently working on another audit to further ensure security. This audit is currently being carried out by one of the leading audit companies, CertiK.

Apeswap quickly made it to the top  of the  DeFi   results audit list . This project does not slow down development and innovation remains in sight. Recent partnerships with top platforms in the industry further attest to ApeSwaps' legitimacy and credibility. As the team continues to build, they strive to be the top AMM and dapp farm in BSC.

Recently, Apeswap partnered with   Bakeryswap  , the leading AMM on the BSC network. BakerySwap was one of the first to adopt the BSC network and provide NFT, agriculture, and more benefits. This partnership has extended some of these resources to Apeswap users.

These partnerships bring groups together, farming, and meme competitions. Users will get unique benefits from getting prizes at BANANA and BAKE in the pool. Apeswap will use an 8x multiplier for the pool, making it one of the most prominent result pairs on the ApeSwap platform. The partnership also resulted in an NFT meme competition that ended on March 2, during which ten winners were selected and given prizes.

Recently, the team just announced its partnership with one of the leading yield aggregators   Beefy.Finance  . The partnership consists of two ApeSwap vaults, BANANA-BNB and BANANA-BUSD. This vault allows BANANA holders to earn further rewards through consistent and automatic pooling.

To increase the incentive further, the team has also announced additional BANANA rewards on top of the default result. This means that users can immediately get additional BANANA in addition to LP prizes. These extra incentives have yet to be announced, so keep an eye on the Beefy and ApeSwap media pages for announcements.

For more information on APESWAP, click on the link below

OFFICIAL LINK

WEBSITE:  https://apeswap.finance/

TWITTER: https://twitter.com/ape_swap

TELEGRAM GROUP:  https://t.me/ape_swap

TELEGRAM CHANNEL:  https://t.me/ape_swap_news

MEDIUM:  https://ape-swap.medium.com/

GITHUB: https://github.com/ApeSwapFinance

Username   chrisana

Link: https://bitcointalk.org/index.php?action=profile;u=2633297

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