ApeSwap Finane — New Decentralized Exchange / Automated Market Maker, Yield Farming on Binance Smart Chain.
Recently, AMM exchanges are becoming more and more popular, where you do not need to have any account, you log in using your wallet and can immediately make exchanges inside your own wallet.
This is much faster and much more convenient.
Therefore, today I will tell you about a new similar exchanger on the Binance Smart Chain — ApeSwap Finance network, I will tell you about its advantages and advantages among similar projects.
About ApeSwap Finance
ApeSwap Finance — Decentralized Exchange / Automated Market Maker, Yield Farming, and Staking platform running on Binance Smart Chain.
This project allows you to exchange tokens in the BSC network very quickly and in large volumes.
Also on this project, you can earn a BANANA token, this is the token of this project, which is traded and has a large capitalization on the market.
This project has not only these two functions, there are many more of them, all the functions of ApeSwap:
- Exchange
- Farms
- Staking
- IAO
- Lottery
- NFA
You may not understand this list, so let’s look at each item in more detail to make it clearer to you.
Exchange — a decentralized exchange. It is very convenient, and perhaps this is the main goal of this project, to quickly and conveniently exchange tokens.
You need to connect your wallet to this site and you will be able to exchange tokens inside your wallet.
To make an exchange, you need to select the coins that you will exchange and pay a commission for the exchange, the commission is paid in BNB.
Farms — farms where you can earn BANANA tokens for providing liquidity.
The project needs liquidity so that users can come to the exchanger and quickly make exchanges in large volumes without any problems.
Therefore, the project encourages liquidity providers, it gives you a chance to earn BANANA tokens on farms.
You need to become a liquidity provider. To become one, you need two pairs of coins that are traded on this exchanger.
After that, you will be credited to the balance of the LP tokens of your traded pair, then you will need to shove your LP tokens into the farm and start earning BANANA tokens.
In each farm, you will receive 100–500% of the profit, the profit can be found by looking at the field-APR.
Staking — lock your BANANA, GOLD BANANA in the pools and earn tokens from other projects for this.
Here you only need a BANANA or a GOLD BANANA to earn other tokens.
You will need to block your coins for a certain period of time, then the percentage profit will be less, but here the risk of losing your money is also lower.
You can get your coins out of the stack at any time, collect your profit by clicking on “ Harvest All”
IAO — Buy new tokens by staking APE-LP.
Buy tokens of a new project for your LP tokens. You must have LP BANANA tokens-BNB.
IAO is a type of pre-sale of tokens to the market.
Only you buy tokens for LP tokens. Your BANANA tokens from the LP tokens are burned, and the BNB goes directly to the project.
Lottery — Buy tickets with BANANA and Win BANANA tokens.
How it works?
- You buy tickets for BANANA tokens
- You get the numbers of tickets
- If your tickets are winning you can claim the prize
- If you lose then you lose your BANANA
- Part of the BANANA will be burned
- The lottery is held every 24 hours
NFA — Non Fungible Apes
Non Fungible Apes (or NFAs) are a cryptographically generated set of 1,000 unique, rare, immutable, digital apes.
All NFA:
How can you tell an NFA’s rarity?
- Common Chimps: Tier 1 (500 NFAs) — Most common
- Original Orangutans: Tier 2 (250 NFAs)
- Alluring Apes: Tier 3 (150 NFAs)
- Prime Primates: Tier 4 (70 NFAs)
- Magic Monkeys: Tier 5 (30 NFAs) — Most rare
My opinion about ApeSwap Finance:
This is a very promising project, which is constantly developing and does not stand still, constantly something new is added to the project.
The investment and capitalization of the project is constantly growing, which is why the cost of the BANANA token is also growing.
Over the past month, TVL has increased almost 10 times, and the price of the token has increased 11 times.
The project does not stop at a single token exchange within the Binance Smart Chain network, but constantly adds something new to the project, new features and new ways for BANANA holders to make money there.
About social media of ApeSwap:
Web-site — https://apeswap.finance/
Info — https://info.apeswap.finance/
Telegram channel — https://t.me/ape_swap_news
Telegram chat — https://t.me/ape_swap
Twitter — https://twitter.com/ape_swap
About author of article:
Bitcointalk profile — sunny28
My wallet — 0x645Af19fdBE1ba58751FeaF2AaD52009283b425e
