This unique creative platform is a welcome development for financial investors and brokers as it has the remedy currently needed in the crypto space and it has a lot of potential on the blockchain to accomplish a lot and help the users scale above restrictions. Previously, it is unthinkable for investors to monitor every one of their resources or Investments, yet with the help of Apeswap, the entirety of that will get straightforward without delaying users any longer.
What are IAOs?
Initial Ape Offerings (IAOs) are new crowdfunding models that are peculiar to the ApeSwap Finance ecosystem. This fundraising process allows new cryptocurrency projects that are built on the Binance Smart Chain (BSC) to attract new investors, launch their new crypto tokens and bring liquidity to those tokens.
Now, you can participate in the Initial Ape Offerings (IAOs) so you can be one of the first investors that will farm and earn the new crypto tokens that will be launched.
Structure of the IAOs
The Initial Ape Offerings (IAOs) are well-structured, so there is no room for alarm over the genuine nature of the project.
First, you need to have a specific amount of the BANANA-BNB LP tokens so you can participate in the IAOs. You can get the tokens by farming or providing liquidity to existing farms on ApeSwap.
Second, you are required to trade the Liquidity Provider (LP) tokens for the new crypto tokens that are about to be launched.
Note that the new cryptocurrency project will get the Binance Coin (BNB) while ApeSwap will burn the BANANA Token.
How to Participate in IAOs
If you want to be a part of the Initial Ape Offerings (IAOs) by ApeSwap, here are the steps to take:
Have Your Tokens Readied
You can either earn the BANANA-BNB Liquidity Provider (LP) token by providing liquidity to farms on ApeSwap or you purchase both the BANANA Token and the Binance Coin (BNB).
Buy the IAO Tokens
Once the IOAs start, you can then commit your BANANA-BNB LP token or the BNB coin to buy the Initial Ape Offering (IAO) tokens.
Claim Your IAO Tokens
After buying the IAO tokens during the sales, be patient so that the others can also buy. Take note of the duration of the sales so that you will be ready to claim the Initial Ape Offering (IAO tokens you bought.
Wait for the IAO token sales to be completed before you can claim your bought IAO tokens.
Note that your unspent funds will also be sent back. So, you can be confident that you will not lose money even if you did not use all your funds during the sales.
Besides, the organized nature of the IAO ensures that participants can be allowed to unstake or remove their stakes if the subscription for the token sales is exhausted.
About An Automated Market Maker (AMM)
An automated market maker (AMM) is a type of decentralized exchange (DEX) protocol that relies on a mathematical formula to price assets. Instead of using an order book like a traditional exchange, assets are priced according to a pricing algorithm.
Automated Market Makers (AMMs) allow digital assets to be traded in a permissionless and automatic way by using liquidity pools rather than a traditional market of buyers and sellers.
On AMMs, users supply liquidity of digital assets. These assets are then added to a liquidity pool. Prices bet ApeSwap asset pairs are determined by a constant mathematical formula.
Invest: On ApeSwap you can participate in Initial Ape Offerings (or IAOs) to catch hot projects early.
There are several products and tools that ApeSwap allows its users to use to facilitate their cryptocurrency investments.
One of them is ApeSwap Pools.
In this article, I will explain what the ApeSwap Pools mean, as well as some of the ways to participate in the pools.
WHAT ARE APESWAP POOLS?
ApeSwap Pools are dedicated liquidity pools where new projects that are launching on the Binance Smart Chain (BSC) can be introduced to the ApeSwap community. The pools are also a medium for those new cryptocurrency projects launching on the Binance Smart Chain (BSC) to bootstrap or get the first set of investors and adopters.
Thus, the ApeSwap Pools can be considered a Launchpad of sorts, where new Binance Smart Chain (BSC) projects can be launched and sold our via private and pre-sales before those projects can release and list their crypto tokens on cryptocurrency exchanges.
HOW TO STAKE ON APESWAP POOLS
You also stand a better chance to earn passive income from ApeSwap Pools. The best way to go about that is by staking your BANANA Token (the native token of ApeSwap) on the ApeSwap Pools.
Here are the steps to follow when you want to stake your BANANA Token on the ApeSwap Pools:
1- Select the Pools
The first step is to select the pools you want to select. You can find the available pools on the ApeSwap Pools Page.
2- Approve the Transaction
Once you’ve selected the pool you want to farm in, proceed to follow the next steps to enter the amount of the BANANA Token you want to spend or stake.
After that, you will approve the transaction by clicking on the Approve BANANA so that your wallet can be debited, and the BANANA Token will be committed to the pool.
3- Deposit the BANANA Token
Now, you will select or enter the amount of BANANA Tokens you want to deposit in the pool.
After doing that, confirm the transaction in your wallet so that it will be processed.
HOW TO UNSTAKE IN THE APESWAP POOLS
You are at liberty to unstake or stop staking in the ApeSwap Pools. The steps to do that are also simple.
All you have to do is to visit the ApeSwap Pools page, click on the Wuzz Out button, then follow the on-screen options to cash out your staked BANANA Tokens, as well as the BANANA Tokens you earned within the time you staked.
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
Bitcointalk Username: umbarango
Bitcointalk Profile URL:https://bitcointalk.org/index.php?action=profile;u=2740759