We now have a variety of Decentralized Exchanges (DEXs) that are not only user-centric, but also provide you with a wide range of tools you need to become a better trader. Besides, these platforms all work based on the decentralized financial model that Bitcoin proposes.
As a cryptocurrency trader or investor, your main goal is to place trades and look for a better time to take profits.
Minimizing and managing your losses is something you must master. Also, you need to use a cryptocurrency trading platform that looks after your interests at all times. That is why I recommend ApeSwap, the latest Decentralized Exchange (DEX), and Automated Market Maker (AMM) to launch on the Binance Smart Chain (BSC).
If you are a cryptocurrency trader looking for where to make the most trades and get more profits, I invite you to draw your charts and start placing buying and selling orders on ApeSwap.
This article reveals some of the ways that ApeSwap wants to make you a better cryptocurrency trader – and one that makes more profits than losses.
WHAT IS APESWAP??
ApeSwap is a Decentralized Exchange / Automated Market Maker, Yield Farming, and Staking platform on Binance Smart Chain (forked from PancakeSwap). ApeSwap was built by DeFi Apes, for DeFi Apes. We have a dedicated team of experienced monkeys, who have been in the crypto space for years. $BANANA is the native currency of our platform. Stake, pool, and earn $BANANA all on ApeSwap.
WHAT'S THE VISION FOR APESWAP FINANCE????
Community — We are DeFi Apes, and we have to look out for each other. A robust, vibrant, and happy community is the #1 priority for keeping ApeSwap thriving. We joke about monkeys and bananas, but at the end of the day, our community is top of mind.
$BANANA Utility — Our dev apes will continue working furiously to implement new features to get the most use out of your $BANANA! We understand the importance of creating utility, holding patterns, and demand for our dear Apes
Collaborations —We understand the importance of working with other
projects in the space. We are actively looking and discussing with projects across space to land mutually beneficial partnerships
When Uniswap launched AMM on its V1 version, it was clear that the future will be automated marketing that will receive high commissions on the Ethereum network. ApeSwap is used in conjunction with Binance Smart Chain (BSC), so users are expected to have a functional BSC wallet. For example, Metamask In requests the use of ApeSwap. It will increase efficiency and profitability will create a reliable platform. The main function of ApeSwap is to provide users with token transactions, pegging and centralized platforms such as the Ethereum Uniswap platform. It also allows users to use many effective fraudulent platforms to reward users who use Binance Smart to participate in the BANANA token ecosystem. In terms of network, ApeSwap strives to be different.
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.
Controlling BANANA Supply
Presently, there are no measures to control the supply of BANANA tokens. This exposes it to inflation effects.
Nevertheless, there are measures aimed at making the amount of BANANA tokens in circulation to be in control of the team. Thus,
Reducing Block Emissions
This is the reduction of the quantity of BANANA tokens made in a block in order to slow inflation. This will not be a continuous process rather they will sensitise people to provide liquidity
Deflationary Techniques
This involves buying back BANANA tokens from the users and creating various ApeSwap products in order to improve the value of the platform.
Other Products
Lottery
Apeswap has a lottery program that aims at enriching the community members.
BUIDL Program
This program gives new project tokens the opportunity to be unveiled and developed through Apeswap platform.
Initial Ape Offering (IAO)
This is a means of generating Liquidity for Apeswap through the sales of new project tokens in its platform.
Golden Banana
This product is developed with the aim of rewarding loyal members of the community
Analytics
NFT etc.
CONCLUSION
I am optimistic that ApeSwap Finance has a lot to offer to the Decentralized Finance (DeFi) community. Not just that – the platform has unique potentials that will not only set it many miles ahead of other platforms, but will also bolster its adoption as one of the best decentralized exchanges on the Binance Smart Chain (BSC).
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
MY AUTHOR
Forum Username: Mats Hummels
Forum Profile Link: https://bitcointalk.org/index.php?action=profile;u=2954997