Apeswap: Revolutionary AMM on Binance Smart Chain
INTRODUCTION
ApeSwap is an Automated Money Making platform on Binance Smart Chain which has various techniques of producing desired results on investment using lottery, lending, yield generation and vault compounding.
The management chose Binace Smart Chain because of its speed and low charges on transactions which will help in good returns.
It is a decentralised system that gives fully secured, easy and fast token swapping with low fees, allowing its users to position their assets with little or zero loss and maximum investment returns.
Its main features include:
EXCHANGE
Apeswap exchange is a platform that allows transaction of BEP-20 tokens using automated liquidity pools. Trading on the Exchange attracts a 3% fee separated as follows :
0.05% sent to Mocktailswap Development Treasury.
0.25% retained for paying back the Liquidity Providers.
LIQUIDITY POOL
ApeSwap Liquidity pool is a means of creating money for its users. The users can deposit their tokens to receive BANANA-BNB APE tokens equivalent to their deposit. These APE tokens are staked and rewarded from the transaction fees charged on the pools.
The provided tokens are likely to be exposed to temporary loss, but it is better to deposit them in an AMM than to keep them dormant in personal wallets.
A Liquidity Provider can also withdraw his/her asset at any willing time as desired.
LOTTERY
Apeswap lottery is a platform established by the Apeswap finance protocol to enable its users win big by taking part in the lottery process.
To take part in the lottery, users have to obtain a ticket for the draw. Each ticket costs 10 BANANA tokens and a maximum of 50 tickets can be obtained at a time.
Every lottery ticket has a 4 digit number ascribed to it which will be used to compare and must match the drawn lottery winning numbers for the ticket owner to claim winning. Although there are compensations for tickets with 2 or 3 numbers in the winning numbers. The lottery winning numbers are drawn every 24 hours.
INITIAL APE OFFERING
Initial Ape Offering is a platform established by the Apeswap finance protocol to help new projects introduce and liquidate their tokens. These new IAO tokens are bought with BANANA-BNB tokens acquired by staking funds on the Apeswap liquidity pools.
During live sale of the IAO tokens, participants commit BANANA-BNB (LP) tokens to buy the IAO tokens.
After the live sales, the participants will take possession of their allocated tokens and the balance of their funds sent back to them or unstake more BANANA-BNB tokens as the case may be.
BANANA TOKENS
Every Defi platform has its native token which is used in its transactions. BANANA is the native token of the ApeSwap platform. It is an unprecedented semi-fungible token on BSC. It is an Etherum based token.
Controlling BANANA Supply
Presently, there are no measures to control the supply of BANANA tokens. This exposes it to inflation effects, leaving a serious concern to the community, but the management is not planning to introduce any supply measure in the nearest future.
Nevertheless, there are measures aimed at making ApeSwap products deflation higher than emission. This will cause the amount of BANANA in circulation to be lower than the produced BANANA. Thus,
Reducing Block Emissions
This is the reduction of the quantity of BANANA tokens made in a block in order to slow. This will not be a continuous process rather they will sensitise people to provide liquidity.
Deflationary Mechanisms
This is a process of burning BANANA tokens and integrating the same into ApeSwap products.
Useful Links:
https://apeswap.finance/
https://ape-swap.medium.com
https://twitter.com/ape_swap
https://t.me/ape_swap
https://t.me/ape_swap_news
https://t.me/ape_swap_price
https://github.com/ApeSwapFinance
https://www.instagram.com/ape_swap/
https://info.apeswap.finance/home
About The Writer:
Bitcointalk Username: Jetta88
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1819348
Binance Smart Chain Wallet Address: 0xFbB07A228C2E58dA681c9702491919286D641450