Ape Tools is a cryptocurrency trading tool built on the Binance Smart Chain (BSC). As you know, the Binance Smart Chain is one of the most disruptive blockchain networks that is offering advanced services that are better than what the Ethereum blockchain offers.
Of course, this would not be the first time that a project like this would be launched. However, it is one of the projects that will disrupt cryptocurrency trading and investments via the Binance Smart Chain.
So, if you are interested in using the BSC for your crypto trades, this is the project to rely on.
THE MARKET OPPORTUNITY
There is fierce competition between the Binance Smart Chain and the Ethereum blockchain. These are two blockchain networks that are used both for facilitating cross-chain transactions and for launching new crypto projects.
However, the Ethereum blockchain has been plagued by different lapses, including higher gas/transaction fees and the slow speed of transactions.
The Binance Smart Chain (BSC), on the other hand, has created a near-perfect system for facilitating cryptocurrency transactions. The BSC ecosystem includes the Binance Cryptocurrency Exchange, as well as several Automated Market Makers (AMMs)/Decentralized Exchanges (DEXs) that charge low fees.
THE APE TOOLS CONNECTION
Ape Tools is now introducing several new concepts that will make the Binance Smart Chain (BSC) more attractive.
The project has a dedicated trading tool used for keeping tabs on the prices of crypto-assets, as well as price alerts.
HOW DOES IT WORK?
Ape Tools disrupts the cryptocurrency trading ecosystem by rolling out several unique features aimed at helping investors to find the best entry points for their preferred crypto assets.
Here are some of the ways that this would be achieved:
DATA AGGREGATION FOR FARMS AND POOLS
One of the features rolled out by Ape Tools has to do with the aggregation or collation of data. The data in question is based on liquidity pools and farms on the Binance Smart Chain (BSC).
What Ape Tools does, in this case, is to monitor the APRs of the liquidity pools and farms. The monitoring is done for 30 days, after which Ape Tools uses the collated data to provide cryptocurrency investors with important details of the specific liquidity pool or farm.
GRAPHICAL REPRESENTATION
Technical Analysis (T.A.) plays an important role in the trading and investment of cryptocurrencies.
Ape Tools does a great job of monitoring both the prices of the Liquidity Pools (LPs), as well as the last transactions made in the pools. The monitoring and assessment are done via the various APIs used by Ape Tools.
The concept aims at getting accurate graphs depicting the price actions of the specific crypto-tokens trading on the liquidity pools. The aggregated graph would then be fed into the Trading View chart.
With enough data and graphical representation of the price actions, cryptocurrency investors can now make informed trading decisions.
CONCLUSION
Ape Tools aims to make cryptocurrency trading and investment better for traders. With the tools released by this project, you can now get the most out of liquidity farms/pools and AMMs on the Binance Smart Chain (BSC) ecosystem.
USEFUL LINKS:
● Website: https://www.apetools.co
● Twitter: https://twitter.com/ape_tools
● Medium: https://ape-tools.medium.com/
● Telegram: https://t.me/ apetools_chat
AUTHORS DETAILS
Bitcointalk Username: Gopalwu
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2759913;sa=summary
Wallet: 0xEc4EB0949403Dd1b864fbb16a87D2CC640839DC9