Hey guys 👋, how y'all doing, today I would write a short review about a unique project called ApeSwap, funny name right?, trust me you would love this one, so without wasting much time let's get down to business :)
Since we are all here to learn, I'll start by explaining,
What is ApeSwap?
ApeSwap is an automated market maker(AMM), yields farming and staking platform on Binance Smart (forked from PancakeSwap).
A binance smart chain is a blockchain network built for mining smart contract based platforms like apeswap. The apeswap was built by the DeFi Apes, and it has a dedicated team of monkeys who have been dealing with the crypto space for a couple of years now, which in my opinion is one of the most important criteria of a team.
Why you should choose ApeSwap?
The main function of the Apeswap is to provide users with token swapping, staking and a pooling platform and it also designed to reward the user activities with banana tokens.
ApeSwap platform is very easy to use and understand unlike other platforms, apeswap makes swapping and staking even much easier and better with low swapping fees since its running on Binance Smart Chain(BSC).
Features of ApeSwap :
Trade : Apeswap can be used as a trading platform, since the exchange its an automated market maker (AMM) that allows any combination of two tokens to be exchanged on the Binance Smart Chain.
Earn : by using Apeswap you can earn BANANA with yield farms, you can also earn BANANA through staking, and earn even more tokens with the apeswap pools.
Win : on apeswap platform you can win big with the ApeSwap Lottery
Invest : on apeswap you can participate in Initial Ape Offerings (or IAOs) to catch hot projects early.
Collect : you can become an established O.G. in the ApeSwap community by acquiring your very own Non Fungible Ape (NFAs)which can be tradeable later on, I mean ApeSwap wouldn’t be a true crypto project without dipping its toes into the NFT space which has grown massively this year.
Now let me briefly explain
What are Non-Fungible Apes?
Non Fungible Apes (NFAs) are a cryptographically generated set of 1,000 unique, rare, immutable, digital apes. Each ape is created by hashing a string (such as “Strong Ape") to randomly generate a set of 6 characteristics: Base, Face, Frame, Mouth, Eyes, and Top.
What is $BANANA?
Banana is the native currency used on the apeswap platform. The $Banana is used to participate in most of the initiatives, liquidity,staking and mining campaigns of the apeswap.
Banana can be burnt over time, the ape devs have already planned to burn banana as they grow and continue to get community support. Theres actually a first of its kind Banana burn map in which whenever a milestone is achieved it will trigger a banana burn.
Here's it :
Conclusion :
On ApeSwap-finance platform, DeFi, Yield Farming and staking becomes even much easier, the number one goal is sending all DeFi Monkeys to the moon.
So guys this is the end of the project review for today, what are your thoughts about ApeSwap?, leave your thoughts in the comment box below.
Thanks for your time, do have a nice day.
Here are some Useful Links :
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 : Traderbtcc
Forum Profile Link : https://bitcointalk.org/index.php?action=profile;u=790538
ETH Address : 0x4E370Ab49a80B492152ADc155D02D6dd372137E1