APESWAP PLATFORM AND IT'S NUMEROUS ADVANTAGES

INTRODUCTION

Up until this day, the invention of blockchain remains one of the few inventions that has actually made the entire universe to quake, the invention is one that took the world by storm, and the reason why people were actually excited by its discovery was because the world as a whole was already tired of the unfair and draconic financial structure that they were presented with, mostly by government.
So did blockchain actually succeed in changing the financial structure? I will say the answer is yes. Has the journey being without challenges and set backs? I wouldn't say so for sure, because just like every other technology, loopholes are expected, the good news however is that lots of restructuring is currently going on, a number of new projects are emerging to help correct the mistakes of past ones and help build a better structure for blockchain. And example of such emerging blockchain projects is Help coin designed specially for easy, secure and transparent charitable donations and I shall say more on it as we go forward.
One interesting fact to note is that the team behind ApeSwap isn't one that acts for just the hype and showoff, they are a team of very vibrant and well dedicated experts in the field of blockchain set out to make a difference and impact on the entire ecosystem. ApeSwap team isn't for the hype and no work, while not making too much noise from their end, they are silently putting a lot of effort into the enterprise to ensure the project lives up to its goals.

APESWAP REVIEW

ApeSwap rely on the fact that the market is moving towards AMM’s and liquidity provision. These types of protocols create what we know as yield farming. Traditional liquidity incentives coupled with a stake and earn program poises ApeSwap to deliver innovative products. ApeSwap is an Automated Market Maker, Yield Farming, and Staking platform on Binance Smart Chain (forked from PancakeSwap).
The $BANANA token is used to facilitate such yield incentives alongside exposure to ApeSwaps’ success within the BSC ecosystem.

CRITICAL ANALYSIS OF APESWAP

The Apeswap platform includes an Automated Market Maker where traders can execute a trade with ease and with limited slippage. The protocol also offers Yield farming with a Total Value Lock (TVL) of $35 Million and Annual Percentage Yield (APR) of up 1,000% in their farms.

APESWAP TOKEN ($BANANA )

As earlier mentioned, the $BANANA token is the native currency of the Apeswap platform. This token carries all of the benefits embedded in using the Apeswap.finance platform. One of the largest benefits of the $BANANA token was the Banana frenzy that offered a unique liquidity and staking program. Here is how it worked:
• The first 72hrs, 40 $BANANA token was minted per block
• The second 72hrs, 20 $BANANA tokens was minted
• Forever only 10 $BANANA is minted per block afterward.
This system was implemented to reward the early adopters of the platform. Users who were quick to bootstrap liquidity were rewarded the most as it was vital to the platform's success. It is also important to note that 10% of all block rewards will go to the dev fund to be burned or used for expansion.
The core offer is the exchange which allows users to perform token swaps and earn BANANA. As with all exchanges there are fees to consider. Every token swap comes with a 0.3% swap fee in BNB, 0.05% of the swap fee will go to the dev wallet. The rest goes back to the community.
ApeSwap runs on the Binance Smart Chain (BSC) network so therefore requires users to have a BSC-compatible wallet such as Metamask In order to use ApeSwap. The main function of ApeSwap is to provide users with token swapping, staking, and a pooling platform similar to Ethereum’s Uniswap platform but also designed to reward user activity with BANANA tokens.

BURNING SYSTEM

Many projects introduce a burn mechanism into their tokenomics to reduce token supply and raise the value over time. This strategy has gained immense traction specifically in AMM’s such as PancakeSwap. Apeswap follows suit with strategies in place to reduce circulating supply.

THE JOURNEY SO FAR

The BANANA/CAKE liquidity pool was opened last month, and $BANANA incentives were distributed to bootstrap liquidity. BSC Gemz carried out an audit on the code with no apparent vulnerabilities found.The team is currently working on another audit to further ensure security. This audit is currently being carried out by one the most renowned auditing companies, CertiK.
Apeswap has quickly made it to the top of the DeFi yield audit list. This project has not slowed on developments and innovation remains on the horizon. Recent partnerships with top platforms in the industry further prove ApeSwaps legitimacy and credibility. As the team continues to build they strive to be the top AMM and yield farming dapp on the BSC.
Recently, Apeswap partnered with Bakeryswap, a leading AMM on the BSC network. BakerySwap was one of the first to adopt the BSC network and provide NFTs, farms, and more benefits. This partnership has extended some of these resources to Apeswap users.
The partnership brings together mutual pools, farming, and a meme competition. Users will have the unique benefits of gaining rewards in BANANA and BAKE in the pools. Apeswap will be using an 8x multiplier for the pools, making it one of the most prominent yielding pairs on the ApeSwap platform. This partnership also resulted in an NFT meme competition that ended on the 2nd of March, where ten winners were chosen and rewarded.
More recently, the team has just announced its partnership with one of the leading yield aggregators Beefy.Finance. This partnership consists of two ApeSwap vaults, BANANA-BNB and BANANA-BUSD. These vaults allow BANANA holders to earn further rewards through consistent and automatic compounding.
To increase incentives further the teams have also added BANANA rewards on top of the default yield. This means users can soon earn additional BANANA on top of the LP rewards. These extra incentives have yet to be announced so stay tuned on the Beefy and ApeSwap media pages to catch the announcement.

OUR ROAD MAP

March 2021: Introduce Lottery System, Non-Fungible Apes, and additional UI enhancements
April 2021: Advanced burning mechanics (More to come on this soon!) and UI revamp, NFA marketplace
May 2021: Additional utility and gamification for NFA holders, CEX Listing
June 2021: Add $BANANA Governance
September 2021: AutoFarm and Vaults
November 2021: Variable Yield Farms - gamified pools where the yields grow with liquidity and participants.

CONCLUSION

The taste of the pudding iş in the eating, it is worthy of note that this superb project (ApeSwap) will make a significant difference in the BLOCKCHAIN world and erase the hitherto hitches that has existed from time immemorial.