Features of ApeSwap :

Trade: ApeSwap can be used as a trading platform since the exchange is an automated market maker (AMM) that allows any combination of two tokens to be exchanged on the Binance Smart Chain.

Earn: by using ApeSwap you can earn BANANA with yield farms, you can also earn BANANA through staking, and earn even more tokens with the ApeSwap pools.

Win: on the ApeSwap platform, you can win big with the ApeSwap Lottery.

Invest: On ApeSwap you can participate in Initial Ape Offerings (or IAOs) to catch hot projects early.

Collect: you can become an established O.G. in the ApeSwap community by acquiring your very own Non-Fungible Ape (NFAs)which can be tradeable later on, I mean ApeSwap wouldn’t be a true crypto project without dipping its toes into the NFT space which has grown massively this year.

Why should you choose ApeSwap?

Binance Smart Chain (BSC) is the spot to be in DeFi at present, no request concerning it. You simply need to notice the sheer number of hotcake exchange style Automated Market Makers (AMM's) dispatching every single day to see how speedy space is creating. The main function of the Apeswap is to provide users with token swapping, staking, and a pooling platform and it is also designed to reward the user activities with banana tokens. The ApeSwap platform is very easy to use and understand unlike other platforms, Apeswap makes swapping and staking even much easier and better with low swapping fees since it's running on Binance Smart Chain(BSC).

How to use ApeSwap?

Using ApeSwap is pretty easy. All you need to do is find a Binance Smart Chain (BSC) compatible wallet and head over to ApeSwap.Finance. Once there, you can choose to swap, stake, or participate in liquidity pools. Upon choosing to do either, you would be asked to unlock your wallet.

When you click on “Unlock Wallet”, you would be asked to choose between the different supported wallets. Once you choose your wallet and connect it with ApeSwap, you are good to go!

Key Project Information

● Token : BANANA

● Symbol : $BANANA

● BananaToken: 0x603c7f932ED1fc6575303D8Fb018fDCBb0f39a95

● MasterApe: 0x5c8D727b265DBAfaba67E050f2f739cAeEB4A6F9

● SupportApe: 0x54aff400858Dcac39797a81894D9920f16972D1D

● BananaSplitBar: 0x86Ef5e73EDB2Fea111909Fe35aFcC564572AcC06

● MultiCall: 0x38ce767d81de3940CFa5020B55af1A400ED4F657

● Timelock: 0x2F07969090a2E9247C761747EA2358E5bB033460

● ApeFactory: 0x0841BD0B734E4F5853f0dD8d7Ea041c241fb0Da6

● ApeRouter: 0xC0788A3aD43d79aa53B09c2EaCc313A787d1d607

WHAT TYPE OF TOKEN IS BANANA TOKEN?
This where the twist is. For some cryptocurrency enthusiasts, it is better to create crypto tokens that are deflationary, because that is one of the best ways to facilitate an increase in the value of such tokens.

When the tokens are burned over time, the demands will be higher. That would, in turn, cause the value or price of the token to skyrocket.

However, that is not the case with the BANANA Token, the native crypto token for ApeSwap Finance AMM. The team has already provided some reasons why the token is designed to be inflationary instead of deflationary.

First, the BANANA Token is mostly used as incentives for Liquidity Providers (LPs), who contribute and provide liquidity used for facilitating transactions on the ApeSwap decentralized exchange. As such, designing or delegating the BANANA Token as a deflationary token may not work in this case because liquidity will be needed at different intervals. And the Liquidity Providers (LPs) need to be incentivized with the BANANA Token.

Second, the reduction of the supply rate for the BANANA Token may have negative effects on the growth of the ApeSwap exchange. For example, if there are no more tokens to be used as incentives for the Liquidity Providers (LPs), those LPs may have no other choice than to stop providing liquidity to the ApeSwap decentralized pool. When that happens, it will take more time for transactions to be completed.

Also, you will be required to pay higher transaction fees because the slippage will be high.

CONCLUSION
BANANA Token may not be like the other exchange-based tokens in terms of the token type and minting mechanism, but it has a solid use case that cannot be ignored.

USEFUL LINKS
Website: https://apeswap.finance/
Twitter: https://twitter.com/ape_swap
Telegram group: https://t.me/ape_swap
Telegram Channel: https://t.me/ape_swap_news
Medium: https://ape-swap.medium.com/
Github: https://github.com/ApeSwapFinance
author : Choosename
URL bitcointalk : https://bitcointalk.org/index.php?action=profile;u=2806735
wallet : 0xd6D46877AAE71DC012EF808264BB6438C9A99573