In this growing world, Ape Tools is a decentralized exchange that lives on Ethereum Network and the Binance Smart Chain. It uses automated market maker smart contracts to create liquidity pools of BEP-20 Tape Tokens. This allows users to trade using an algorithm versus an order book used on conventional exchanges as long as you can see.

What solution Ape Tools brings for the users?

Knowing that the biggest obstacle to entry is the lack of education and knowledge on how to trade cryptocurrency, they decided to focus on it. With on-screen chat features to answer any questions you may have and step-by-step on-screen instructions, anyone can trade. And if you still want to know more, they have classes that you can get paid in crypto to complete. You can even get paid to send people to class.
Ape Tools also has some perks, such as allowing users to make decisions about the future of DEX using our governance Tape Token. And it even has weekly payments to everyone who has placed liquidity and makes 3 trades per week.

Pros of Ape Tools as DEXs

No KYC
KYC/AML (Know Your Customer and Anti-Money Laundering) compliance is the norm for many exchanges. For regulatory reasons, individuals must often submit identity documentation and proof of address. This is a privacy concern for some and an accessibility concern for others. What if you don’t have valid documents on hand? What if the information is somehow leaked? Since DEXs are permissionless, no one checks your identity. All you need is a cryptocurrency wallet. However, there are some legal requirements when DEXs are partially run by a central authority. In some cases, if the order book is centralized, the host must remain compliant.

No counterparty risks
The primary appeal of decentralized cryptocurrency exchanges is that they don’t hold customers’ funds. As such, even catastrophic breaches like the 2014 Mt. Gox hack won’t put users’ funds at risk or expose any sensitive personal information.

Unlisted Tape Tokens
Tape Tokens that aren’t listed on centralized exchanges can still be traded freely on DEXs, provided there’s supply and demand.

Working system of Ape Tools Swap

Prices are determined using the formula x*y=k (x coins of Tape Token X and y coins of Tape Token Y, and always maintains the invariant that x∗y=k for some constant k), and this ensures reserves stay in relative equilibrium. Ape Tools reserves are pooled among liquidity providers who supply the exchange with Tape Tokens in exchange for a share of the transaction fee. Ape Tools utilizes registry contracts to facilitate exchange between different currencies. The system mechanics ensure trades between cryptocurrencies are based on their relative supply. The platform is designed to be easy to use, support privacy, lower gas fees. Ape Tools is designed for traders and performs exceptionally well as a component of other smart contracts that require guaranteed on-chain liquidity.

Lower Gas Fees in Ape Tools Swap

Ape Tools is designed with gas efficiency at its core. Using the AMM smart contracts we're able to lower gas fees to 10% of normal exchanges. This gas efficiency is replicated in nearly all swaps between supported cryptocurrencies on the platform. Ape Tools has significant gas reductions compared to on-chain order book exchanges. And due to the higher fees on the ETH Network due to the massive recent interest in NFT's, the ability to make swaps on the Binance Smart Chain, allows you to make trades with even lower fees.

A decentralized exchange (DEX) is a way of exchanging cryptocurrencies or other blockchain-based assets without a centralized agency or intermediary. DeFI can facilitate access to banking and financial services for anyone with an internet connection and could increase financial inclusion for billions of unbanked people and remote communities. With the freedom of DEX, you just need to connect your wallet and make trades through Ape Tools Swap.

Resources:
https://twitter.com/ape_tools
https://ape-tools.medium.com/
https://www.apetools.co/
https://github.com/dev-ape/ApeTools

⚡Authorship

BitcoinTalk username : onemancrypto
My Bitcointalk Profile Link : https://bitcointalk.org/index.php?action=profile;u=1769254;sa=summary
BSC Wallet: 0x5888bd05816dB304E417b6b219C2c307629b8141