ApeSwap
ApeSwap - AMM next generation, staking and farming protocol at BSC
WHAT IS APESWAP?
APESWAP is a decentralized platform, we have a dedicated team of very experienced monkeys, who have been in the crypto space for many years. $ BANANA is our native currency. Bet, collect and get $ BANANA all at ApeSwap.
WHAT IS $ BANANA?
$ BANANA is ApeSwap's native currency. it is important to participate in most of our initiatives, liquidity mining, and liquidity pools.
How can I use ApeSwap?
The core offering is an exchange that allows users to exchange tokens and earn BANANA. As with all exchanges, there are costs to consider. Each token exchange is accompanied by a swap fee of 0.3% at BNB, 0.05% of the swap fee will go to the developer's wallet. The rest returned to the community.
ApeSwap runs on the Binance Smart Chain (BSC) network so it requires users to have a BSC compatible wallet such as Metamask to use ApeSwap. ApeSwap's main function is to provide users with a token exchange, staking, and pooling platform similar to Ethereum's Uniswap platform , but also designed to reward user activity with BANANA tokens. https://www.youtube.com/embed/acWrJt7GRGg?start=4&feature=oembed
Get BANANA
Liquidity mining begins in February 2021 with what ApeSwap calls the BANANA Frenzy. It is a special liquidity mining and betting program to incentivize early adopters and bring much needed liquidity to the platform.
In the last 7 days, the decentralized financial dapp, which is actually a branch of PancakeSwap, has seen an increase in transaction volume of more than 350% to $ 213 million. The number of unique active wallets interacting with the dapps smart contract has soared to over 21,000 or an increase of 106% while the number of transactions has swelled by more than 141% to nearly 163,000. Interestingly, the average deal on ApeSwap is around $ 1300.
At the same time, the token price of BANANA's original token has increased rapidly by more than 500% in the last 7 days from around $ 1 to nearly $ 6 at the time of writing.
When comparing to PancakeSwap, the most popular exchange on the Binance Smart Chain today we see a large gulf in metrics. One observer on Twitter even called ApeSwap 'Pepsi' while PancakeSwap was 'Coke'. The clear difference in the token price and market cap of the two projects is clear, but it is also clear that customers are quite fickle and look for the best annual percentage yield (APY) in their crypto stack. One of the driving factors for ApeSwap is the 165% APY they currently offer when betting BANANA on the platform while PancakeSwap offers 95% for a very similar service.
Use the $ 1300 transaction example per user as a guide. Investing into BANANA bets will generate depositors around $ 2145 per year or around $ 180 per month. Not bad little bribes for doing nothing.
There has been an important rush for alternative Defi solutions such as that of BSC and Polygon. These DeFi tools can offer the same services as their Ethereum counterparts for a fraction of the cost and in many cases a lot faster. Binance Smart Chain built its DeFi ecosystem immediately after launch and now benefits from both current price increases and thirsty investors.
Many of these investors come from traditional stock trading backgrounds and expect low fees and lightning-fast transactions. Something Ethereum has been fighting for as congestion clogs the network and keeps fuel costs high . Dapps like ApeSwap offer users what they want right now and reap the rewards.
What is ApeSwap.Finance's vision?
Community - We are DeFi monkeys and we need to take care of each other. A strong, energetic and happy community is ApeSwap's # 1 priority to thrive. We joke about monkeys and bananas, but in the end, our community wins.
$ BANANA Utilities - Our developer monkey will continue to work hard to implement new features to get the most out of your $ BANANA! We understand the importance of creating utility, storage patterns and demand for our dear monkeys.
Collaboration - We understand the importance of working with other #BSC projects in space. We are actively looking for and discussing interior projects for mutually beneficial partnerships.
Why Choose ApeSwap?
The Binance Intelligent Chain (BSC) is whoever is currently at Defi, no questions asked. You just have to look at the many Pancake-Swap-style Automated Market Builders (AMMs) being launched every day to see how fast the space is expanding.
ApeSwap.Finance will add a 24 hour time key to our smart contract and remove all migration codes (i.e. well-known tapestries). This means that even if one of our monkeys becomes a scammer (they don't want to) and maliciously tries to change the smart contract, you will be able to see the change 24 hours before the action begins. Hence, there will be ZERO benefits for anyone trying to make such a change. Everyone will have enough time to leave the forest with their $ BANANA before changes can be made. Plus there's no migration function! There will be no carpet
What are Non-Fungible Apes?
Non-Fungible Apes (or NFAs) are a collection of 1,000 unique, rare, irreversible, cryptographically generated digital apes. Each ape is created by characterizing a string (such as "Strong Ape") to randomly generate a series of 6 characteristics: Base, Face, Frame, Mouth, Eyes, and Top.
Each characteristic has a different probability of appearing in each ape generation, making some characteristics much rarer than others. For example, only 32 monkeys had laser eyes and only 107 monkeys had sunglasses. Each ape has a score generated based on the combined rarity of its characteristics (more details on rarity can be found on the Github repo ).
We then categorized the scores into one of five different levels to determine overall rarity. The rarity levels are as follows:
- Common Chimpanzee: Level 1 (500 NFA) - Most common
- Native Orangutan: Tier 2 (250 NFA)
- Alluring Monkeys: Level 3 (150 NFA)
- Major Primates: Level 4 (70 NFA)
- Magic Monkeys: Tier 5 (30 NFA) - Paling langka
$BANANA Token
ApeSwap is a DeFi platform with native tokens. These tokens, known as BANANA tokens, can power the platform. The BANANA token is built on the Binance BEP-20 protocol and has a cumulative supply of 22,220,050.505542 BANANA with a combustion mechanism. This token can be obtained by users through available exchanges. BANANA's specifications are as follows:
Decentralized finance is booming, and we are very ape-ish (new bull) on the Binance Smart Chain. We thought we could do a better job than the existing project and were very excited to ride this rocket with all the original DeFi Apes.
Symbol: $ BANANA
Token name: Banana Token
Community leaders: Obie Dobo, Ranger and CZ's grandfather. He disciplines Apes, also $ BANANA tokens make him happy;)
Community Name: Apes
If you follow ApeSwap, you will definitely want to invest more $ BANANA. We'll have many opportunities to plant those sweet, sweet $ BANANA.
APESWAP STARTED WITH 5
PRELIMINARY AGRICULTURE:
BANANA / BNB
BANANA / BUSD
BNB / BUSD
BTC / BNB
ETH / BNB
ROADMAP
How do we plan to develop ApeSwap.Finance!
ApeSwap Future Timeline
March 2021: Introducing the Lottery System, Non Fungible Apes, and additional UI improvements
April 2021: Advanced combustion mechanics (More coming soon!) And an overhaul of the UI, the NFA market
May 2021: Additional utilities and gamification for NFA holders, CEX List
June 2021: Add $ BANANA Governance
September 2021: AutoFarm and Vaults
November 2021: Variable Yield Field
conclude
Decentralized finance is a hot topic discussed by many global crypto users and the presence of the DeFi protocol has introduced many features that allow crypto users to optimize their return on investment. And ApeSwap is a website that offers various DeFi functions to all global cryptocurrency consumers. ApeSwap is an offshoot of PancakeSwap which is powered by the reliable Binance Smart Chain. The inclusion of ApeSwap makes it easier for global crypto users to gain access to DeFi's various features in a safe, convenient, accessible and profitable way.
For more information on APESWAP, click on the link below
OFFICIAL LINK
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/
GITHUB: https://github.com/ApeSwapFinance
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Link: https://bitcointalk.org/index.php?action=profile;u=2633291
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