ApeSwap is a Binance Smart Chain Automated Market Maker, Yield Farming and Staking tool (forked from PancakeSwap). ApeSwap was created by DeFi Apes and can only be used with DeFi Apes. We have a dedicated team of seasoned monkeys who have been working in the cryptocurrency space for years. The platform's base currency is $BANANA. ApeSwap allows you to staking, pool and win $BANANA.
A Unique IAO Launchpad System
IDO, IFO, Launchpad are common phenomena in the ApeSwap economy also keen to be the best in the business ApeSwap aims to allow users to easily discover a promising Initial Ape Offering [IAO] to join and remove the part from the various ones in the platform. The project currently is dispatched and you can have an abundance of the BNB token to use for exchanging and different exercises in the platform. Many more IAO will be launched and holders of $Banana will enjoy more
BANANA Token is the native crypto token that powers the ApeSwap Finance ecosystem. The name was obviously selected because of the significance of the name of the project – ApeSwap.
Apes, just like monkeys, are known to consume more bananas. So, the ApeSwap team thought it wise to use a similar name for the native crypto token that will power the platform. Hence, the selection of the name, BANANA as the token name for ApeSwap.
WHAT TYPE OF TOKEN IS BANANA TOKEN?
This where the twist is. For some cryptocurrency enthusiasts, it is better to create crypto tokens that are deflationary, because that is one of the best ways to facilitate an increase in the value of such tokens.
When the tokens are burned over time, the demands will be higher. That would, in turn, cause the value or price of the token to skyrocket.
However, that is not the case with the BANANA Token, the native crypto token for ApeSwap Finance AMM. The team has already provided some reasons why the token is designed to be inflationary instead of deflationary.
First, the BANANA Token is mostly used as incentives for Liquidity Providers (LPs), who contribute and provide liquidity used for facilitating transactions on the ApeSwap decentralized exchange. As such, designing or delegating the BANANA Token as a deflationary token may not work in this case because liquidity will be needed at different intervals. And the Liquidity Providers (LPs) need to be incentivized with the BANANA Token.
Second, the reduction of the supply rate for the BANANA Token may have negative effects on the growth of the ApeSwap exchange. For example, if there are no more tokens to be used as incentives for the Liquidity Providers (LPs), those LPs may have no other choice than to stop providing liquidity to the ApeSwap decentralized pool. When that happens, it will take more time for transactions to be completed.
Also, you will be required to pay higher transaction fees because the slippage will be high.
TOKEN DISTRIBUTION
BANANA Token also has a fair distribution. According to the ApeSwap team, 25% of the emitted BANANA Tokens will be used as block rewards that are used for rewarding or incentivizing the Liquidity Providers (LPs).
The remaining 75% of the emitted BANANA Tokens will be distributed to the farms where yield farmers will either stake their crypto assets to farm the new token or stake their crypto assets for the long-term to earn more APYs.
APESWAP FARMING is an apeswa specialty farm
This is the process of sending BANANA tokens to a liquidity group to earn profits.
The Apeswap platform offers users a variety of ways to expand their funds. Maintaining LP tokens may incur some losses, but it is advisable to leave inactive tokens in your wallet. The next 5 farms will be added to the platform first. Many farms have been introduced to the group and can be found at www.Apeswap.finance/farms.
Apeswap Finance has developed its own token that is used for transaction fees and other payment processes on the platform.
Another area dedicated to the Apeswap Finance project is the customer satisfaction guaranteed by the project to improve and deliver the optimal/optimal satisfaction that the customer dreams of. End users and traders of Apeswap Finance, a decentralized exchange platform with access to premium customer service, can rest assured that there is someone ready to help with any questions or concerns.
The Apeswap Finance decentralized exchange platform will be the best/optimal buying and selling platform for all cryptocurrency dealers as it has implemented premium trading features that are better than other existing features. On external currency trading platforms.
conclusion
The beautiful experience of using ApeSwap will allow users to accomplish a lot, traders in the Apeswap market are currently to be significant players in this specific market is presently accessible for the bidders and sellers. The way to getting more benefit from this platform is straightforward, get as much $BANANA token as possible and get included completely in every one of the exercises of the platform.
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: KenzoKen
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2961513