ApeSwap

 Introducing ApeSwap



Dunia DeFI has experienced rapid growth in 2020, back in 2019 the value of DeFI's industry was $ 275 million. But by February 2020, its value had grown significantly to a total of $ 2.5 billion in early July, $ 3 billion in mid-July, and $ 4 billion by 25 July. This growth rate shows the increasing interest of the masses in DeFI.

Just like the 2017-2018 ICO boom, they have also seen an increase in fraudulent projects within the DeFI space. This fraudulent project took advantage of the popularity of the DeFI industry.

The people most affected are, newcomers, into the DeFI space who have not or are unable to properly research these projects.

As a writer in the blockchain industry, I've decided to create this post to help newcomers identify legitimate and genuine projects.

There are so many of them out there. Today I'm going to talk about one of the best I have come across. I have to say this project is one of the DeFi projects that are still around in 2021.

What is ApeSwap?
ApeSwap is an Automated Market Maker, Yield Farming, and Staking platform on the Binance Smart Chain (forked from PancakeSwap). ApeSwap is built by DeFi Apes, for DeFi Apes. We have a dedicated team of experienced monkeys, who have been in the crypto space for many years. $ BANANA is the native currency of our platform. Bet, collect and get $ BANANA all at ApeSwap.

What is $ BANANA?
$ BANANA is ApeSwap's native currency. It is important to participate in most of our initiatives, liquidity mining campaigns and liquidity pools

What Is The Vision For ApeSwap.Finance?

  • Community -   We are DeFi Apes, and we have to take care of each other. A strong, vibrant and happy community is the # 1 priority to keep ApeSwap growing. We joke about monkeys and bananas, but in the end, our community wins.
  • $ BANANA utilities -   Our developer apes will continue to work hard to implement new features to get the most out of your $ BANANA! We understand the importance of creating utility, storage patterns and demand for our dear Apes
  • Collaboration -   We understand the importance of working with    other #BSC  projects  in space. We actively seek and discuss cross-room projects for mutually beneficial partnerships

Unique features of ApeSwap Finance

Switched

The ApeSwap platform enhances token trading / exchange through automated liquidity pools. A 3% transaction fee is charged on each token exchanged. This fee is used as follows:

0.25% is set aside to settle in Apes (liquidity provider).

0.05% is sent to the Development Treasury for future development.

Mining

This involves depositing BANANA tokens in one of the Liquidity pools on the platform. Stored tokens get several rewards as profit.

There is a small risk associated with risking tokens in the Liquidity pool, but that does not result in a final loss of tokens. Nevertheless, it is better to stake the tokens than to keep them in a wallet.

Banana Frenzy

This is a pilot mining campaign run by Apeswap financial protocol. It is uniquely designed to operate as follows:

The first 72 hours, 40 BANANA are mined per block.

The second 72 hours, 20 BANANA are mined per block

After that, 10 BANANA are mined per block.

The platform community will burn 10% of all prizes and use it for operating activities.

Agriculture

Users who wish to take part in farming groups will initially deposit BANANA and other popular tokens in the Liquidity pool.

Early agricultural ponds were BABANA / BNB, BANANA / BUSD, BNB / BUSD, BTC / BNB and ETH / BNB.


Why ApeSwap?
The Binance Intelligent Chain (BSC) is what will be on Defi at this point, there is no question. You just have to watch tons of pancake-swap style Automated Market Makers (AMM) roll out every day to see how fast that space is growing.

Secure Code: No Rugs
ApeSwap.Finance will add a 24 hour time key to our smart contract and erase all migration codes (ie, the famous "rug code"). This means that even if one of our apes goes rogue (they don't want to) and tries to maliciously change the smart contract, you'll be able to see the change 24 hours before the action. Hence, there will be ZERO benefits for anyone trying to make such a change. Everyone will have plenty of time to leave the forest with their $ BANANA before changes can be made. Plus no migrator function! There will be no rugs

Auditing
a smart contract audit is expensive. More than bunches and bunches and bunches of $ BANANA can cover. However, the safety of our ape funds is the most important consideration for us - and we know how important quality audits are to you. So, we didn't just do one, but TWO audits were done. One by BSC Gemz and another by Certik.

Partnership
Apes are friendly creatures - we love partnerships - and we don't have one, but TWO big (social distancing!) Parties in the woods in the last few weeks as we welcomed BakerySwap.org and Beefy.Finance to the Apeswap family.

Drive BANANA The first $ BANANA drive
opened to accept donations in $ BANANA and other tokens over a 3 day period, and we raised over $ 4,000 for our sweet apes.

Bakar
To prove our commitment to this project, we will use 100% of our revenue to buy back and burn. There is a fee of 0.3% for each swap (standard for all DEX), 0.05% of each transaction goes to ApeSwap Treasury. During our first 3 months, 100% of our ApeSwap Treasury will be used to buy back and burn $ BANANA. After this period is over, we will re-evaluate the best use of these funds with the community.

Aim to provide regular, consistent, and large burns for all of you. As much as apes LOVE $ BANANA, we love our fellow apes even more, and we know the value of the token is important to you. So you keep farming 'and we'll keep burning

Gamified Burning
Apes, we have tons of great $ BANANA games! The first is the ApeSwap lottery, where we will burn 20% of $ BANANA every spin. Not only will a few lucky Apes swim in $ BANANA, but the entire Ape community will benefit from the burns

Combined Dome with 0.05% -0.1% Withdrawal Fee which is used to buy back / burn

What is ApeZone?
In an effort to continue to bring new projects, new partners and new farms to the ApeSwap.Finance ecosystem, we are proud to officially announce ApeZone.

ApeZone is designed to bring additional utility to the original $ BANANA token, serve as a launch pad for exciting new projects, and create a higher level of community engagement.

Early Ape Offerings: This will happen in several ways. Some will be structured like a traditional offering, where we burn half of all the $ BANANA raised for the offering. Others will have more creative mechanics

Partnership deal fees for buy-back and burn: We'll list a new high-yield set for all of your hungry apes. To reduce the $ BANANA inventory, we will introduce a registration fee that will be used to buy back and burn $ BANANA

What is APOyield?
APOyield is a deflation product on the Binance Smart Chain with its tokens called SOUL and DSL. APOyield works by applying a total fee of 10% for each transaction of which 8% is shared directly among all token holders, with the remaining 2% being used to reduce the total SOUL supply. Thus, the APOyield smart contract makes it possible to earn additional tokens by simply holding SOUL tokens.

With its unique user interface, strong token economy and fast growing community, APOyield is an excellent partner and candidate for ApeZone.

This is what a partnership needs

  • 3 new trading pairs will open on ApeSwap: SOUL-BANANA, SOUL-BNB, and SOUL-BUSD pairs.
  • A new SOUL-BANANA LP token group will be unlocked, which will be rewarded with SOUL.
  • Lots of memes, community involvement and fun behavior at ApeZone. Beware of the contest specs!

If you're a monkey holding a BANANA, getting involved is pretty simple. You just need to earn a little SOUL through one of the trading pairs. Start providing liquidity and betting that LP to generate a SOUL

What Does the ApeSwap + CafeSwap Partnership Mean?
There will be two phases in this partnership, all designed to provide you with more utility for your BANANA and BREW tokens. In particular, the first stage looks like this:

  • ApeSwap will open 3 new trading pairs on our DEX: BREW / BANANA, BREW / BUSD, and BREW / BNB.
  • ApeSwap will open farms for LP BREW / BANANA tokens which reward BANANA with a 4x multiplier
  • CafeSwap will open a farm for BREW / BANANA LP tokens which rewards BREW with a 4x multiplier

Get BANANA 

Liquidity mining begins in February 2021 with what ApeSwap calls the BANANA Frenzy. It is a special liquidity mining and betting program to incentivize early adopters and bring much needed liquidity to the platform.

CONCLUSION

This platform is all for you to explore and make the right decisions. You just need to participate and take things very easily and strategically especially with the $ BANANA token to take advantage of it and get the expected results. What happens when you trade LP when the token is launched is, BNB is awarded to the project and more $ BANANA is burned. It is a login behind the platform and as it is, all users will always have the perfection of the project

The roadmap for the milestone for 2021 has been outlined on the platform's blog and anything that goes well must be accomplished in time. Apart from that, ApeSwap is very open to community and user participation and all users are invited to contribute ideas and things they would like to see on the trading platform. 

  • March 2021:   Introducing the Lottery System  ,   Non Fungible Apes  , and additional UI improvements
  • April 2021: Advanced combustion mechanics and UI overhaul, NFT market
  • May 2021: Additional utilities and gamification for NFT holders, listing of exchanges
  • June 2021: Add BANANA Governance
  • September 2021: AutoFarm and Vaults
  • November 2021: Variable Yield Farm - a gamified pool in which yields grow with liquidity and participants.

For those who wish to learn more about ApeSwap, check out the following resources:

by ;Denpazar link: https://bitcointalk.org/index.php?action=profile;u=3198664

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