ApeSwap

 ApeSwap is an automated market maker (AMM)



What is ApeSwap?

The ApeSwap project that went live in February 2021 has amassed over $ 33 million in transaction volume with a daily average of more than 2,500 new users. There's no question about the Binance Smart Chain being the place to be on DeFi right now. You can watch a large number of Auto Market Builders launch every day to see the growth of the BSC space.

ApeSwap is an Automated Moneymaking platform on the Binance Smart Chain that has a variety of techniques for producing the desired return on investment using lotteries, loans, yield gain and vault compounding.
Management chooses the Binace Smart Chain because of its speed and low transaction fees which will help in good returns.

It is a decentralized system that provides a fully secure, easy and fast token exchange at a low cost, allowing its users to position their assets with little or zero loss and maximum return on investment.

Its main features include:

EXCHANGE

The Apeswap exchange is a platform that allows BEP-20 token transactions using an automated liquidity pool. Trading on the Exchange carries a 3% fee which is separated as follows:

0.05% is sent to Mocktailswap Development Treasury.

0.25% withheld to repay the Liquidity Provider.

LIQUIDITY POOL

ApeSwap Liquidity pool is a means to generate money for its users. Users can deposit their tokens to receive APE BANANA-BNB tokens equivalent to their deposit. This APE token is staked and valued from the transaction fees charged to the pool.

The provided tokens will most likely be exposed to temporary losses, but it is better to store them in AMM than to leave them dormant in a personal wallet.

Liquidity Providers can also withdraw their assets at any time as they wish.

LOTTERY

Apeswap lottery is a platform created by the Apeswap financial protocol to allow its users to win big by taking part in the lottery process.

In order to enter the raffle, the user must get a ticket to the raffle. Each ticket costs 10 BANANA tokens and a maximum of 50 tickets can be obtained at one time.

Each lottery ticket has a 4 digit number associated with it which will be used for comparing and must match the lottery winning numbers drawn in order for the ticket owner to claim the winnings. Although there is ticket compensation with 2 or 3 numbers on the winning number. Lottery winning numbers are drawn every 24 hours.

Unique features of ApeSwap Finance

Exchange

The ApeSwap platform enhances token trading / exchange through automated liquidity pools. A 3% transaction fee is charged on each token exchanged. This fee is used as follows:

0.25% is set aside to settle in Apes (liquidity provider).

0.05% is sent to the Development Treasury for future development.

Mining

This involves depositing BANANA tokens in one of the Liquidity pools on the platform. Stored tokens get several rewards as profit.

There is a small risk associated with risking tokens in the Liquidity pool, but that does not result in a final loss of tokens. Nevertheless, it is better to stake the tokens than to keep them in a wallet.

Banana Frenzy

This is a pilot mining campaign run by Apeswap financial protocol. It is uniquely designed to operate as follows:

The first 72 hours, 40 BANANA are mined per block.

The second 72 hours, 20 BANANA are mined per block

After that, 10 BANANA are mined per block.

The platform community will burn 10% of all prizes and use it for operating activities.

Agriculture

Users who wish to take part in farming groups will initially deposit BANANA and other popular tokens in the Liquidity pool.

Early agricultural ponds were BABANA / BNB, BANANA / BUSD, BNB / BUSD, BTC / BNB and ETH / BNB.

EARLY APE OFFER

Initial Ape Offerings is a platform established by the financial protocol Apeswap to help new projects introduce and liquidate their tokens. These new IAO tokens were purchased with BANANA-BNB tokens which were obtained by staking funds in the Apeswap liquidity pool.

During the direct sale of IAO tokens, participants bind BANANA-BNB (LP) tokens to buy IAO tokens.

After the direct sale, the participants will have their allocated tokens and their balance of funds sent back to them or revoke more BANANA-BNB tokens according to the circumstances.


BANANA TOKEN

Each Defi platform has its original token which is used in the transaction. BANANA is the native token of the ApeSwap platform. This is a semi-fungible token that is unprecedented in the BSC. It is an Etherum based token.

Controlling BANANA Supply

Currently, there are no actions to control the supply of BANANA tokens. This left it affected by inflation, leaving serious problems for the community, but management does not plan to take any supply measures any time soon.

However, there are steps aimed at making the deflation of ApeSwap products higher than emissions. This will cause the number of BANANA circulating to be lower than the BANANA produced. So,

Reducing Block Emissions

This is a reduction in the number of BANANA tokens created in a block to slow down. This is not a continuous process, but rather sensitizes people to provide liquidity.

Deflation Mechanism

This is the process of burning BANANA tokens and integrating them into the ApeSwap product.

in the end, we all try to keep up with the next big project. Well ApeSwap was that project and we took the monkey to the moon.
We plan to enforce a number of pillars:

  • Transparency around our tokens and projects, and our actions. We recognize that it will take time to build this trust.
  • Fair launch. Check out the disclosure section, we've listed every decision we made around launching and why we made those decisions.
  • Disclosure of our actions. if we spend developer funds, we'll document what those funds are used for in this section of the GitBook Development Fund and include a TX hash. If we do an update to the smart contract, we will use that time and the document lock too.

The roadmap for the milestone for 2021 has been outlined on the platform's blog and anything that goes well must be accomplished in time. Apart from that, ApeSwap is very open to community and user participation and all users are invited to contribute ideas and things they would like to see on the trading platform. 

  • March 2021:   Introducing the Lottery System  ,   Non Fungible Apes  , and additional UI improvements
  • April 2021: Advanced combustion mechanics and an overhaul of the UI, NFT market
  • May 2021: Additional utilities and gamification for NFT holders, listing of exchanges
  • June 2021: Add BANANA Governance
  • September 2021: AutoFarm and Vaults
  • November 2021: Variable Yield Farm - a gamified pool in which yields grow with liquidity and participants.

For more information on this project you can see it below:

ApeSwapFinance App:  https://apeswap.finance/
Medium:  https://ape-swap.medium.com
Twitter:  https://twitter.com/ape_swap
Telegram:  https://t.me/ape_swap
Pengumuman:  https: //t.me/ape_swap_news
Telegram Harga:  https://t.me/ape_swap_price
GitHub:  https://github.com/ApeSwapFinance
Instagram:  https://www.instagram.com/ape_swap/
Apeswap Analytics:  https: / /info.apeswap.finance/home

by ; MoraCoin66

link: https://bitcointalk.org/index.php?action=profile;u=2579413

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