INTRODUCTION
Apeswap is a Defi platform that specialises on maximising its user's finances through mining on the Binance Smart Chain pool. It is an Etherum based platform managed by an experienced team. It has some revolutionary techniques that ensure safe transactions and liquidity of its token and a routine audit is conducted on the platform for trust and transparency.
The main focus of Apeswap is to improve the socio-economic activities of its users through the provision of a secured and standard investing platform that will help them to earn massively by staking their fund on its platform. They have unique smart contracts built on advanced blockchain which will be reviewed regularly by renowned auditors to enhance safety and transparency.
BANANA token is the native token of the platform that is used in all transactions on the platform.
EXCHANGE
This is a section of Apeswap finance where users trade BANANA-BNB tokens. It is safe, easy and relatively cheap. A fee of 0.3% is required for each exchange transaction.
APESWAP LIQUIDITY
BANANA-BNB tokens are deposited on the BSC liquidity pool for mining. The earnings realized from the mining are shared among the users, while some are turned into buyback for burning BANANA tokensé. This process improves the Liquidity and longevity of the platform.
STAKING
The staking process in Apeswap involves depositing and locking of BANANA and other Etherum BEP-20 based tokens in the Liquidity pool. There is a great percentage rate of return on the staked assets with guaranteed long-term stability of the structure and value of the platform.
YIELD FARMING
This is the Participants of Defi services. It is a process of rewarding investors for providing funds in the Liquidity pool.
Users who deposit assets (BANANA-BNB) tokens, are given APE LP tokens. The APE tokens are staked for rewards on the Binance Smart Chain network.
There may be little temporary losses in the Liquidity pools, but it's better than keeping the tokens in the wallet. Participants can unstake their assets whenever they wish.
CONTROLLING BANANA SUPPLY
Apeswap finance team has projected measures to check the amount of BANANA tokens in circulation on the ecosystem. This is necessary because there is no stated limit amount of tokens supply in the project, posing serious concern to the participants.
The measures are:
Deflationary Mechanics
Apeswap team projects to buy back (burn) BANANA tokens whenever there is need to do so. It will be done regularly in order to protect the value of the platform. The burnt tokens are transformed into products, and the participants are also encouraged to bring more Liquidity into the ecosystem.
Burn Map V2.0
This tool spark-up management to burn BANANA tokens at the appropriate time.
Reducing Block Emission
BANANA tokens are produced in blocks. Apeswap adopts a method cut the quantity of tokens generated in a block released. This will not be a continuous process.
Golden BANANA
GNANA is a product used to reward members who have stuck and remained loyal with the Apeswap community.
INITIAL APE OFFERING (IAO)
Apeswap uses this technique to initiate newly proposed tokens to the Apeswap community. New tokens are purchased by community members with BANANA-BNB tokens.
This process is used to raise funds for the platform.
LOTTERY
A lottery program is operated on Apeswap platform. It operates as follows:
Participants obtain the ticket with10 BANANA.
A 4 digit number is attached to each ticket which must match with the drawn winning numbers.
A maximum of 50 tickets can be bought at a time.
Tickets with 3 or 2 matching numbers are rewarded.
The winning numbers are drawn every 24 hours.
USEFUL LINKS:
https://apeswap.finance/
https://ape-swap.medium.com
https://twitter.com/ape_swap
https://t.me/ape_swap
https://t.me/ape_swap_price
https://github.com/ApeSwapFinance
https://www.instagram.com/ape_swap/
WRITER DETAILS:
BITCOINTALK USERNAME: Ifydon
BITCOINTALK PROFILE:
https://bitcointalk.org/index.php?action=profile;u=2968576
PROVE OF REGISTRATION: https://bitcointalk.org/index.php?topic=5330167.msg56910994#msg56910994
WALLET ADREESS :
0x91CB89E7F0De0f5F37ecC7305FBeC954e32b72b6