Intro
ApeSwap Finance is a Defi project that was designed with wonderful features without precedent. It is the pioneer semi-fungible platform on Binance Smart Chain with AMM features that will provide maximised investment returns to its investors through financial services like lending and borrowing, vault compounding, yield farming and staking.
The management team is made up of professionals with wide experience in Defi blockchain and Smart contract techniques.
The platform is built on Binance Smart Chain because of its speed and lower fee charge on transactions. This will help in realising the motive of the project, which centers on maximising the returns on the users investment.
Its main features are:
Trading - Exchange of two tokens on the BSC.
Earn - Staking and Farming of BANANA tokens in the Liquidity Pools.
BANANA TOKEN
Each Defi platform has a token that is built on it for all transactions done on the platform. BANANA is the token of the ApeSwap Finance platform. BANANA is a BEP-20 Etherum based token.
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.
USEFUL LINKS
Website: https://apeswap.finance/
Telegram: https://t.me/ape_swap
Telegram Channel: https://t.me/ape_swap_news
Twitter: https://twitter.com/ape_swap
Medium: https://ape-swap.medium.com/
Github: https://github.com/ApeSwapFinance
AUTHOR'S DETAILS
Bitcointalk Username: Tono Ngucotsek
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1247512