OVERVIEW OF THE APESWAP PLATFORM
ApeSwap is a Decentralized Exchange / Automated Market Maker, Yield Farming, and Staking platform running on Binance Smart Chain, with lots of other features that let you earn and win tokens. ApeSwap was built by DeFi Apes, for DeFi Apes. We have a dedicated team of experienced monkeys, who have been in the crypto space for years. At ApeSwap.Finance, we have one goal. Sending all DeFi Monkeys to the moon Join us on our celestial mission, fueled by $BANANA, the native currency of APESWAP to rocket ourselves into outer planet.
FEATURES OF APESWAP
Apeswap exchange is an automated market maker (AMN) that allows any combination of two tokens to be exchanged on the Binance Smart Chain.
Major ways in which $BANANA can be earned are
- Earning BANANA with yield farms,
- Earning BANANA through staking, and
- Earning even more tokens with our pools.
Below is the farming pair of ApesSwap
. BANANA/BNB
• BANANA/BUSD
• BNB/BUSD
• BTC/BNB
• ETH/BNB
THE BANANA TOKEN
This token $BANANA is a great token for ApeSwap, it is unique and will be important for users on this platform for staking and swapping. If you are planning to make use of this platform on a long term basis, this token will assist you, it will also make you able to contribute to the liquidity pool and take part in so many other profitable activities in the platform. All you will do in this platform will require this token and having a whole lot of it will provide necessary advantages for you. This token will offer future benefits and opportunities for users to take part in farms, having different pairs to swap and making other projects have leverages in it.
APESWAP INTRODUCES $GNANA
The $GNANA is specifically introduced to reward loyal community members, who stick with us through thick and thin. Golden Banana holders are true ApeSwap Apes, and we anticipate on treating them like V.I.Ps in our ecosystem.
PROPERTIES OF $GNANA
- Passive Farming
GNANA is a reflect token with a 2% transfer fee. GNANA holders get a share of the fee proportional to their holdings just by having it in their wallets. - Exclusive IAO Access
Gain access to exclusive token allocations for Initial Ape Offerings. The purpose of this is to increase the BANANA being burned and combat the whale problem in the current overflow model IAO’s. We have seen a lot of potential solutions for this, but nothing that truly works in our opinion.
Any whale that wants to come to ApeSwap for the IAO, but not remain a long-term holder will get penalized when they swap back to BANANA from GNANA through the burning fee (details below).
For the upcoming BitFresh IAO on April 24th at 03:00 UTC, you will be able to participate by staking GNANA. For this first test run we allocated 100,000 BFT of the 1,100,000 being sold. We will increase this allocation as our users get more comfortable with GNANA. Note: you still spend the GNANA for the IAO! - Exclusive Pool Access
On top of the exclusive IAO access, we will have GNANA-only staking pools for all our most loyal apes. Stake GNANA and enter exclusive pools to earn other tokens! - Governance
Could it get juicier? YES it can. Our intent is to use GNANA as the core governance token of ApeSwap.
This won’t happen immediately and will be progressive over time as we continue to integrate GNANA into the ApeSwap ecosystem. Our long term goal is to give power to our community, the Apes that matter the most of course.
We do not have this fully baked out yet, and need to prove out the GNANA concept with our community first. Additionally, we plan to use snapshots to handle governance, like most DeFi platforms. - Burning
Apetastic wouldn’t let us release something without a pyromaniac feature to burn BANANA. To purchase $GNANA there is a 28% burn fee + the 2% reflect fee, resulting in a 30% cost when going from BANANA- GNANA.
CONCLUSION
In a few words I will like to say that with the level of work put in place by the hardworking, and very organized team of expert handling this project, this project will come out with flying colours and will become one of the best defi project to exist.
For more information, visit
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/
AUTHOR
Bitcointalk Username: Lawancy
Bitcointalk profile Link:https://bitcointalk.org/index.php?action=profile;u=2814528;sa=summary
BSC Wallet Address: 0x5359b9d21A793e5Cc1f5dE22daEb3D3d68C5847e