Ape tools is a fully decentralized cryptocurrency exchange that uses a relatively new type of trading model called an automated liquidity protocol. Ape tools operate on the Ethereum network as well as the Binance smart chain.
Ape tools is a decentralized exchange. Blockchain technology allows cryptocurrencies to be able to store multiple transactions in a database, making it transparent, secure, and not editable or intervened by any party. This is the reason why blockchain technology is used by many cryptocurrencies today. It uses an automated market maker smart contract to create a liquidity pool. The exchange is live on k BEP-20 Tokens.
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Adding Liquidity
Adding liquidity involves putting an equivalent value of either BNB & BEP20 Tape Tokens into the related exchange contract. The first liquidity providers determine the initial exchange rate by depositing what they think is comparable to the coin and Tape Token's value. If the initial rate is low, arbitrage traders will bring the rate to equilibrium at the initial providers' expense.
Liquidity Earnings
Ape tools does not charge a platform fee. The trading fee is a low 0.2%, with 0.17% going to the liquidity providers and the remaining 0.03% going to the Ape tools treasury, where a portion is used for the development, customer service, and user rewards. The swapping fee is immediately deposited into liquidity reserves.
Creating Exchanges
Ape tools is the smart contract where all the magic happens. It creates exchanges for each trading pair on Ape tools. The public function create Pair()allows any user to deploy an exchange contract for any pair of BEP20 Tape Tokens that do not already have one. The code below shows how the exchange is executed.
Ape tools is a decentralized exchange (DEX) hosted on the Ethereum network and the Binance smart chain. DEX uses automated smart contracts from market makers to create a liquidity pool for ERC-20 Tape Tokens and BEP-20 Tape Tokens. These features allow users to trade using algorithms rather than the order books used on conventional exchanges.
Resources:
https://twitter.com/ape_tools
https://ape-tools.medium.com/
https://www.apetools.co/
https://github.com/dev-ape/ApeTools
Ownership
Username : cryptopowering
Profile Link : https://bitcointalk.org/index.php?action=profile;u=1771063;sa=summary
BSC wallet address : 0xa8fCC64437a70d49463c17207DEB3BCE0Dbe8ff0