ApeSwap Finance is a Defi project that was designed with wonderful features without precedent. It is the pioneer semi-fungible platform on Binance Smart Chain with AMM features that will provide maximised investment returns to its investors through financial services like lending and borrowing, vault compounding, yield farming and staking.
FEATURES OF THIS NETWORK
APESWAP is a great automated platform that allows easy smart contracts use and configurations. It gives users a really beautiful platform to ride on and improves the operations on the blockchain above traditional setups. It gives the users no reason to depend or trust third parties, instead, it enables them to use smart contracts and improve themselves with the use of the $BANANA token and farms. As for the token, you will find it on exchanges, purchase them and begin using them for the transactions necessary. Binance Smart Chain helps this platform a lot and is a good way to improve the system as $BANANA token is used in it. This is because of the parallel services and easy functionalities of the protocol which is easy for developers to capitalize on and leverage.
Now you can profit from this platform just like on ethereum and other platforms. This time around, it becomes more rewarding because no extra cost or charges is involved. This is the best platform for developers to build their unique Dapp, there is every reason to be on this platform.
To promote the emergence of new projects, including those in the DeFi space, ApeSwap started the BUILDL program. It can be considered as a sort of mentorship program for projects still starting their journey. Of course, ApeSwap isn’t exactly a large-cap yet, it’s old enough to support projects still finding their feet.
The essence of the BUILDL Program is to assist new and struggling projects in growing, despite the slippery slope nature of the cryptosphere.Benefits of ApeSwap BUILDL Program To DeFi
DeFi projects are bound to gain a lot on getting accepted into the BUILDL program. Not sure what these gains might be? Here’s a breakdown of just how incredible the BUILDL Program truly is:
-Marketing Support
Projects that get into the BUILDL Program can be sure of one thing: marketing assistance. The ApeSwap team will promote the BUILDL apprentice even before it gets into the wild. Take Memex.exchange for instance; ApeSwap has continuously shilled the Meme exchange though the project is at its pre-sale stage.
Of course, you might debate the ApeSwap’s marketing prowess, but the project has come a long way from its launch in February. $Banana, the ApeSwap native token has gone on to record over 700% price increase over the past few weeks, a clear indication of just how capable the ApeSwap marketing machinery truly is.
-Seed funding
Another interesting benefit for DeFi projects that sign up for the ApeSwap BUILDL Program is the funding attached. The yield farming protocol considers graduates of its BUILDL Program as its children, and no mother sends her kids into the wild without equipping them accordingly.
Once a project has successfully concluded its BUILDL Program, the ApeSwap team will hand over decent financial support that covers the basics required for the growth of the project. Of course, DeFi projects will appreciate such a generous gesture.
-Trading fees sharing
From afar, this might not feel like a benefit as a project would like to keep all the revenue generated from trading its native token. But since the trades in question happened on the ApeSwap DEX, it’s such a big deal. Most DeFis don’t share trades that occur on their DEX with others, so ApeSwap’s offering is rather generous.
Final Thoughts
The ApeSwap BUILDL Program is expected to groom the next-generation projects, especially when you consider all the benefits attached. Of course, it’s for only projects that meet the ApeSwap criteria, which aren’t so bad if we’re being sincere.
The BUILDL Program is the opportunity many DeFi projects have been waiting for. Thankfully, it’s here. It’s time to totally disrupt the financial sector.
Trading
This is the exchange, transfer or transacting of two BEP-20 tokens on the platform of ApeSwap. The transaction is charged a 0.3% fee. This fee is splitted into two and used as follows:
0.25% is used for settling the rewards for the Liquidity providers.
0.05% is transferred to the Development Reserve for future developments.
EARNING POOL
MocktailSwap Liquidity pool is a platform of making money for its users. There are two types of LP in the MocktailSwap Finance protocol.
Farming Pool
The users can deposit BANANA/BNB tokens to receive APE LP tokens equivalent to their deposit. These APE tokens are thereafter staked for rewards. The current farming pools are found at www.apeswap.finance/farms
Staking Pools
Users deposit BANANA tokens in this pool to earn rewards. For the current pools visit www.apeswap.finance/pools
The LP are rewarded from the transaction fees charged on the pool. A Liquidity Provider can also withdraw his/her asset whenever desired.
The provided tokens are likely to be exposed to temporary risks, but it is better to deposit them in an AMM than to keep them dormant in personal wallets.
CONCLUSION
You will get more and earn enough when you get enough $ BANANA token. All of this is good and promising for users. The design is also great and accommodates so many users on the blockchain.
USEFUL LINKS
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
AUTHOR'S DETAILS
Bitcointalk Username: Bojokunakal
Bitcointalk Profile URL: https://bitcointalk.org/index.php?action=profile;u=2887272