For a long while since crypto invention we only had centralized exchanges and that is what everyone was using because there was actually no other option, ever since decentralized exchange was introduced to crypto most people prefers using decentralized exchanges over centralized exchanges because decentralized exchanges has so many advantages over centralized exchanges, for example! Security : A centralized exchange can be hacked and users or traders funds will be made away with by hackers, in centralized exchanges we don't have full control of our assets let me say centralized exchanges are more likely to be seen as banks because our funds are entrusted to them. Decentralized exchanges has these advantages over centralized EXCHANGES, in decentralized exchanges there is no third party involved, we are in full control of our funds, and no fear of loss of funds to hackers.
The love most people in the crypto space got for decentralized exchange has made most decentralized exchange to be much more successful. Like we all know uniswap! Which has been successful over the years and got so much people using it's platform, but there is still a problem with decentralized exchanges which is high fees, slow transactions, user interface being too complicated. We all know since the rise of eth price the gas fees for transactions has been way too high and this actually affected uniswap giving it's users high fees charge for transactions, this is actually making people look out for other decentralized exchanges with less fees and fast transaction. Tho presently there are some good decentralized exchanges with low fees and fast transactions but still its user interface is complicated. Never to worry Apeswap solves all of this problems, it's platform is fast, got low fees and also has a fair and nice user interface which is very easy to access.
WHAT IS APESWAP:
Apeswap is a Decentralized Exchange / Automated Market Maker, Yield Farming, and Staking platform running on Binance Smart Chain. Apeswap isn't just an exchange where you just swap or trade your tokens, there actually got so much features which are very rare. Let's get to know more about Apeswap because there really got enough to offer
FEATURES OF APESWAP
Apeswap stands to be a decentralized exchange with much more differences from other DEX, there actually keep adding much development to the platform which in return favors the users of the platform’s. Let's look out for some features it offers.
TRADE:
In the platform trading is much more easier and faster since the exchange is an automated market maker (“AMM”) that allows any combination of two tokens to be exchanged on the Binance Smart Chain with low fees applied.
EARN
The project team has created so many way ways in which we can earn their native token called banana in the platform. We can earn BANANA with yield farms, earn BANANA through staking, and earn even more tokens with their pools.
WIN
In the platform there is also a feature which was created for uses to win based on how lucky there are . Users can win big with the ApeSwap Lottery!
＄ INVEST
Investing has been a major way of making profit in this crypto space, so don't miss out on this opportunity, Participate in Initial Ape Offerings (or IAOs) to catch hot projects early!.
COLLECT
In the platform you can become an established O.G. in the ApeSwap community by acquiring your very own Non Fungible Ape.
Apeswap has so much to offer which I can't state all of it here you can always visit the site for more information! 👇👇👇
https://apeswap.finance/.
Apeswap got a native token which is called banana, this token is really a blast and has been doing very fine, due to the fact that Apeswap is a rare Gem! It has really connected it's token to alot of activities in the platform which has also contributed to the massive pump of it's token.
WHAT IS BANANA
Banana is the native token of Apeswap which runs on the Binance smart chain (BEP-20 ) network. This token actually has no hard cap on it's supply, making it an inflationary token.
Many people might be thinking that since it has no hardcap this might cause a inflation to the token but no, the team has mechanism in which there apply to make banana a deflationary token.
DEFLATIONARY MECHANICS
100% of trading fees generated on ApeSwap are used to buyback BANANA and burn
15% of BANANA spent on lottery tickets is burned
100% of BANANA raised in IFOs is burned
CONCLUTION:
Apeswap is a decentralized exchange with fast transaction, low fees and very easy to use. It's also very secured in the sense that it's a decentralized exchange, Apeswap was forked from pancakeswap and has even given us features which can't be found in other DEX. No doubt Apeswap solves alot of problems we face in order exchanges.
For more information about this project, you can make use of the useful links below
Website : https://apeswap.finance/
Twitter : https://twitter.com/ape_swap
Whitepaper : https://obiedobo.gitbook.io/apeswap-finance/
Medium : https://ape-swap.medium.com/
Telegram : https://t.me/ape_swap
Proof of Authentication :
Forum Username : Emmychris
Profile link: https://bitcointalk.org/index.php?action=profile;u=2825273;sa=summary
BSC Address: 0xc36BE80721595EC2f162E32d5810a1093E8D289d