GET DOWN WITH GOLDEN BANANA ON APESWAP

modanaleen (28)in #apeswap • 3 years ago

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INTRODUCING THE GOLDEN BANANA (GNANA)

ApeSwap is a decentralized exchange launched on the popular Binance Smart Chain. A fork of Pancakeswap. Just recently, ApeSwap has launched an enticing initiative called the GNANA. This is a one of it's kind in the whole of the crypto space.

WHY GOLDEN BANANA?

ApeSwap team has come up with an idea to better incentivize the users of ApeSwap. Therefore, the idea of Golden Banana came about. GNANA is set to reward holders of BANANA tokens on the platform. In other to get accustomed to this new initiative, you should know how it works and its features. In the below paragraphs, I will succinctly discuss how the Golden Banana will work.

HOW GNANA WORKS

In other to actively witness or be a beneficiary of the Golden Banana, here are things you should know:

With Golden Banana also known as GNANA, holders of Golden Banana will get entitled to Passive farming rewards. It is pertinent to point out the fact that GNANA as a reflect token has a 2% exchange charge attached. Hence, GNANA holders will get a portion of the this fee according to the number of their holdings.

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GNANA holders will gain exclusive access to Initial Ape Offering (IAO) on the platform. The reason for this is to build the BANANA being singed and also to curb the alarming whale issue.

Holders will gain access to exclusive pool. Through the exclusive Initial Ape Offering, loyal Apes or holders will have access to the GNANA staking pools. This is in a bid to better reward loyal and faithful Apes on the platform. Hence, you can now stake GNANA to gain access to exclusive pools in other to earn other tokens.

Over time, GNANA would become the governance token of ApeSwap. This is to give exclusive offers and benefits to the community. Mostly to the loyal Apes.
There will be a Banana Burning Mechanism as well. Token burn is a crucial part of a project. There is a 28% burn fee attached to buying Banana and the 2% reflect fee which is about 30% fee charged while going from $BANANA to $GNANA. It is important to point out that BANANA to GNANA will be at a 1:1 ratio.

The GNANA is eventually at a 1:1 by BANANA's. This means that you can generally trade your GNANA back to BANANA and vice versa. Although, this will only incure a 30% commission/fee. Currently, there is not a price set for GNANA as it doesnt have value yet. ApeSwap team intend to open up an exchange pair or farm/stake for it. Perhaps you will be able to farm or stake some tokens to earn GNANA.

CONCLUSION

ApeSwap team is a typical example of diligence and hardwork. They are relentless and works efficacious at bringing in new innovations to ApeSwap. I believe ApeSwap is a few steps away from the top. I trust in the team to deliver more and more exciting things. Join hesitate to check out the platform and Ape into some BANANA for retirement. Kudos to the brain behind APESWAP!

Project's Details

ApeSwapFinance App: https://apeswap.finance/
Medium: https://ape-swap.medium.com
Twitter: https://twitter.com/ape_swap
Telegram: https://t.me/ape_swap
Announcements: https://t.me/ape_swap_news
Telegram Price: 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