ApeSwap : Top Decentralized Exchange And Advantages To DeFi

in #defi3 years ago (edited)

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The advent of the blockchain technology birthday the development of several innovations one of which includes, cryptocurrency. Which has come to revolutionize the way we do things. It has been bound to happen, so the current evolution of decentralized Finance known as (DeFi) is nothing unexpected. There are several projects that has been launched to disrupt the crypto space. Apeswap is one of such platforms and a few others. This publication will analyze Apeswap.finance platform and DeFi relation.

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To fully describe and analyze ApeSwap platform, we have to talk about its platform.

APESWAP HAS A VIABLE DEX/UI

Regardless of how crucial a DEX and user interface is to decentralized exchanges, most of DeFi projects don't have viable platforms. Hence, seeing such a viable dex exchange such as ApeSwap with a workable dex is something to commend for. Aside having a suitable and viable platform, ApeSwap provides for investors benefits of earnings through it YieldFarming protocols and staking etc.

APESWAP GUARANTEES A SECURE AND SAFE PLATFORM

While choosing the best dex exchanges to invest in, it is paramount to consider the security of the exchange. Here at ApeSwap, the security is top notch. Investors are guaranteed with safety and peace of mind when trading their assets on the platform. Also, ApeSwap has successfully undergone audits from reputable platforms. For instance, GEMZ platform has successfully audited ApeSwap and assures investors of the safety and transparency of the platform.

DECENT REWARDS (APYS, POOLS etc.)

Another notable thing to note about ApeSwap is that it provides for investors an extra means of income through its huge APYs, Pools and farms. For instance, Banana holders can earn extra income through farming or staking their Banana tokens to different pools on the platform.

Another important attribute worth noting is the:

BANANA TOKEN

Banana token is the native token of ApeSwap. Just like every other utility token, Banana serves as the major fuel of the platform as every activities on the platform revolves around the utility of BANANA. However, this is not without compensation as every holder of BANANA is duely incentivized. Below are the various ways to getting incentivized holding Banana token:

1.Staking Banana
2.YieldFarming Banana
3.Liquidity Pools Etc.

Another point worth taking into consideration is regular burning of Banana.

STRATEGIC TOKEN BURN

Burning is a very crucial aspect of a project. Burning is a strategic or mechanism which projects under-go to getting rid of excessive token supplies. Apeswap, as a most YieldFarming platform carryout regular burning of $BANANA tokens. This helps to curb excessive token supply. The advantage of Token Burn is the fact that it increases the value of a token over time.
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STRATEGIC PARTNERSHIPS

We can not deny the importance of strategic partnerships in every projects. To better help keep and stay abreast competitors in the space, ApeSwap regularly strikes strategic partnerships with top blockchain projects on the space such as Ontology, SafeProtocol, etc.

In conclusion, we can say that ApeSwap ever since inception has done exceedingly great compared to its competitors. ApeSwap is turning DeFi around for good. Kudos to the great team behind this unique project. The sky is just the beginning for ApeSwap.Finance to thrive. You may want to read more about the project by visiting their official websites below:

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

AUTHOR'S INFORMATION

Profile Link: https://bitcointalk.org/index.php?action=profile;u=2431679;sa=summary

Wallet address: 0x296fF15C39Eac524FECAb84247403175Fba931AD

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Good project. I will look into staking some Banana tokens on the platform. The apy is great IMO.

Great and wise decision there

$BANANA is gon to be the next big thing to happen in the DeFi space.

Certainly ApeSwap.Finance is going places. Ensure you put your Banana tokens to work by staking or Farming it on the platform.

Great and nice write up

Thank you Sanmibreve

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