Project overview – ApeSwap

WHAT IS APESWAP?

APESWAP is a decentralized platform, we have a dedicated team of very experienced monkeys, who have been in the crypto space for many years. $ BANANA is our native currency. Bet, collect and get $ BANANA all at 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.
We are in the middle of 2021. I have to say this has been an amazing year for the blockchain industry. These range from the crash and surge in the price of Bitcoin to the rapid growth of successful DeFI.
DeFI which is also known as Decentralized Finance has been a great blessing for the blockchain industry and the world at large. As we know cryptocurrency functions as a secured decentralized store of value, DeFI creates a decentralized financial instrument that is free from traditional centralized institutions.
The world of DeFI has seen 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 towards DeFI.
Just like the 2017-2018 ICO boom, they also saw 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 surviving DeFi projects in 2021.

What Is The Vision For ApeSwap.Finance

Community – We are DeFi Apes, and we have to look after each other. A strong, vibrant and happy community is the # 1 priority to keep ApeSwap thriving. We joke about monkeys and bananas, but at the end of the day, our community comes out on top.
$ 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 Ape 
Collaboration  – We understand the importance of working with    other #BSC  projects  in space. We are actively seeking and discussing cross-space projects for mutually beneficial partnerships.

Audit

Smart contract audits are costly. 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 jungle in the last few weeks as we welcome BakerySwap.org and Beefy.Finance to the Apeswap family.

Drive BANANA

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

Apes is the name of the ApeSwap community and no doubt the engineers have created their own token to support their monetary system, ApeSwap has made $ BANANA their token utility to support any kind of movement in their trading.

Why should we trust and use it?

I know the reason for the scam action case because the second mainstream of the BSC, AMM and Rugpull issues created some uncertainty to enter some new projects. However, as I said earlier ApeSwap has multiple audit reports of their code and liquidity has been dashed making them have higher confidence than different projects without the audit itself.

How does ApeSwap try to determine its costs?

Everyone knows how to protect the fees of the AMM Decentralized Exchange will always:

How can I use ApeSwap?

The core offering is an exchange that allows users to exchange tokens and earn BANANA. As with all exchanges, there are fees to consider. Each token exchange is accompanied by a swap fee of 0.3% at BNB, 0.05% of the swap fee will go to the developer’s wallet. The rest returned to the community. 

ApeSwap runs on the Binance Smart Chain (BSC) network so it   requires users to have a BSC compatible wallet such as Metamask   to use ApeSwap. ApeSwap’s main function is to provide users with a token exchange, staking, and pooling platform similar to   Ethereum’s Uniswap  platform  ,  but also designed to reward user activity with BANANA tokens. https://www.youtube.com/embed/acWrJt7GRGg?start=4&feature=oembed

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.

Burn

To prove our commitment to this project, we will use 100% of our revenue to buy back and burn. There is a 0.3% fee 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.
Aims 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 fun $ 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 the $ BANANA, but the entire Ape community will benefit from the
Compound Vault with a 0.05% -0.1% Withdrawal Fee used for buyback / burn

For each swap, a commission of 0.3% is charged (standard for all DEX), 0.05% of the amount of each transaction goes to the Treasury Ap wap. During the first 3 months, 100% of our Apeswap Treasury will be used to buy back and burn $ BANANA. At the end of this period, we will reassess the best use of the tool in the community.

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.

CONCLUSION
ApeSwap Pools means a lot of things to different users. For the new Binance Smart Chain (BSC) cryptocurrency project, pools are an avenue for the project to get initial investors and sell some of the project tokens before the main launch. For users, ApeSwap Pools is a way to make money.
If you are interested in earning passive income from Automated Market Maker (AMM), then follow the steps outlined in this article so that you can earn from ApeSwap Pools.

For more information on this project you can see it below:

ApeSwapFinance App:  https://apeswap.finance/
Medium:  https://ape-swap.medium.com
Twitter:  https://twitter.com/ape_swap
Telegram:  https://t.me/ape_swap
Pengumuman:  https: //t.me/ape_swap_news
Telegram Harga:  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

Username: AndrezIniesta

Link:https://bitcointalk.org/index.php?action=profile;u=3122356