A Review on Apeswap And Everything You Need To Know About Their GNANA Token

Hey guys, how are y'all doing, today I'll be writing a review about Apeswap and their GNANA token, so without wasting much time let's get down to business, shall we :)?

This actually my second article about Apeswap, although this time I be writing a few things I know about their GNANA. For the sake of people reading/hearing about Apeswap for the first time, I will be explaining,

What is Apeswap.finance?
Apeswap is a Decentralized Exchange / Automated Market Maker (AMM), a Yield Farming and Staking platform running on Binance Smart Chain(BSC).

The Apeswap platform has so many good features that let's you earn and win tokens.
ApeSwap was built by DeFi Apes, for DeFi Apes. these DeFi apes are a dedicated team of experienced monkeys, who have been in the crypto space for years.

Why you should use Apeswap?
Since Apeswap is a DEX, it's main function is to provide users with token swapping, staking and a pooling platform, although Apeswap has an edege over other DEX out there as it is also designed to reward the user activities with banana, there are still lots of other features that let you earn and win tokens all on Apeswap Platform.

What is Golden banana?
The Golden Banana(GNANA) is specifically designed to reward loyal community members, who stick with apeswap through thick and thin.
Golden Banana(GNANA ) holders are true ApeSwap Apes, and apeswap anticipated on treating them like V.I.Ps in their ecosystem.

Features of Golden Banana (GNANA) :
Passive Farming :
Golden banana is a reflect token with a 2% transfer fee. With GNANA holders get a share of the fee proportional to their holdings just by having it in their wallets.

Gain exclusive IAO Access :
With GNANA you can 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.

Exclusive Pool Access :
Well, on top of the exclusive IAO access, Apeswap devs will have GNANA-only staking pools for all apeswap-finance most loyal apes. Stake GNANA and enter exclusive pools to earn other tokens.

Governance :
Oh yes, you read it right, apeswap devs intent is to use GNANA as the core governance token of Apeswap. Although this won’t happen immediately, rather it will be progressive over time as DeFi apes continue to integrate GNANA into the ApeSwap ecosystem. The long term goal is to give power to the ape community, the Apes that matter the most of course.

Burning :
The ape community wouldn’t let the DeFi apes to release something without a pyromaniac feature to burn $BANANA.
So in order to purchase $GNANA there is a 28% burn fee + the 2% reflect fee, resulting in a 30% cost when going from Banana to GNANA.

GNANA is Backed 1:1 by $BANANA :
The GNANA is ultimately backed 1:1 ratio by BANANA’s. You can always swap your GNANA back to BANANA. This would all come after the 30% fee, so be mindful if you’re thinking of going back.

Conclusion :
The GNANA does not have a price nor will there be an open trading pair or farm for it. Its core utilities will be the functions outlined above. The only time there is a price referenced is for IAO’s, where GNANA would be valued at 1.389x the current BANANA price, so grab those cheap GNANA's while you can.

So that's it for today guys, What do you think about Apeswap AND their GNANA token?, or if you have any questions kindly leave a comment below, I'll be glad to hear from you guys.
Thanks for your time, do have a nice day :).

For more info :
Website : https://apeswap.finance/

Twitter : https://twitter.com/ape_swap

Whitepaper : https://obiedobo.gitbook.io/apeswap-finance/

Medium : https://ape-swap.medium.com/

Telegram : https://t.me/ape_swap

#Proof Of Authentication

Forum Username : Traderbtcc

Forum Profile Link : https://bitcointalk.org/index.php?action=profile;u=790538

BSC Address : 0x4E370Ab49a80B492152ADc155D02D6dd372137E1