BANANA is the token of the Apeswap Finance platform
ApeSwap Finance is a Defi project that was designed with wonderful features without precedent. It is the pioneer semi-fungible platform on Binance Smart Chain with AMM features that will provide maximised investment returns to its investors through financial services like lending and borrowing, vault compounding, yield farming and staking.
The management team is made up of professionals with wide experience in Defi blockchain and Smart contract techniques.
The platform is built on Binance Smart Chain because of its speed and lower fee charge on transactions. This will help in realising the motive of the project, which centers on maximising the returns on the users investment.
Its main features are:
Trading - Exchange of two tokens on the BSC.
Earn - Staking and Farming of BANANA tokens in the Liquidity Pools.
BANANA CONTROL
The team didn't give a complete amount of tokens that they will provide for the Apeswap project. This is a serious concern to the users because of inflation.
Nonetheless, there are measures instituted by the management to bring the number of available BANANA tokens under control. Such as
Block Emission Reduction
This measure makes the number of produced BANANA tokens in a block to be smaller. This measure will not be taken frequently.
Deflationary Mechanism
The team will burn various Apeswap tokens regularly in order to control its supply in the ecosystem. This gesture is achieved through Burn Map V2.0 which indicates to the team when it is necessary to burn.
APESWAP LIQUIDITY POOLS
Participants in Apeswap Yield Farming deposit BANANA-BNB tokens and are assuredly rewarded with APE LP tokens for investing, staking, depositing and lending. The APE LP tokens can be converted and sold after presale.
The APE tokens are staked on the BSC pools for farming. They are thereby rewarded from the proceeds of the Apeswap transactions.
STAKING
Users are allowed to stake BEP-20 based tokens in the Apeswap pools. The deposited funds and accumulated interest can be withdrawn by the investor at any time without any charges.
Little insignificant losses may occur on the staked tokens. Still, it is better than staying idle in the wallet.
EXCHANGE
This platform allows participants to trade BSC tokens easily. A fee of 0.3% is charged on each transaction.
A part of the fee (0.25%) is used to reward the Liquidity providers while the remaining part (0.05%) is channeled to the development fund.
Deflationary Techniques
This involves buying back BANANA tokens from the users and creating various ApeSwap products in order to improve the value of the platform.
Other Products
Lottery
Apeswap has a lottery program that aims at enriching the community members.
BUIDL Program
This program gives new project tokens the opportunity to be unveiled and developed through Apeswap platform.
Initial Ape Offering (IAO)
This is a means of generating Liquidity for Apeswap through the sales of new project tokens in its platform.
Golden Banana
This product is developed with the aim of rewarding loyal members of the community
Analytics
ROAD MAP
There are procedures involved in setting up Apeswap Finance protocol. They are as follows:
April 2021:
Advanced burning mechanics (e.g. Golden BANANA)
UI rehabilitation and enhancements
NFA page enhancements.
May 2021:
Introduction of new farms and pools to Apeswap
NFA page enhancement.
CONCLUSION
You will get more and earn enough when you get enough $ BANANA token. All of this is good and promising for users. The design is also great and accommodates so many users on the blockchain.
Website: https://apeswap.finance/
Telegram group: https://t.me/ape_swap
Telegram channel: https://t.me/ape_swap_news
Medium: https://ape-swap.medium.com/
Twitter: https://twitter.com/ape_swap
Github: https://github.com/ApeSwapFinance
#ApeSwap #BANANA #BNB #BSC #BinanceSmartChain #Defi #crypto #cryptocurrency
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