Apeswap Finance

4 min readMay 9, 2021

Defi provides decentralised services based on smart contracts and blockchain technology, and the company has continued to grow as a result of its consultation and collaboration with regulatory bodies.

Apeswap is a Binance Smart Chain-based Defi that aims to provide decentralised, simple, secure, and permissionless financial services, particularly for staking and farming. They also provide one-of-a-kind financial products to assist users in improving their financial situations.

The governance administration of the Apeswap community is overseen by a team with extensive experience in Defi services, and the platform’s operations are audited on a regular basis to ensure accountability and the protection of users’ property.

APESWAP EXCHANGE

Users can exchange BANANA-BNB tokens for BSC in this Apeswap finance product. A 0.3 percent fee is applied to each exchange transaction. The following is how the fee is calculated:

Liquidity providers receive a 0.25 percent bonus.

The construction fund receives a 0.05 percent contribution.

LIQUIDITY OF APESWAP

Users can mine BANANA-BNB tokens by depositing them on the website. The deposited tokens are exchanged for APE LP tokens, which are then used to farm in the BSC mining pool, earning commission.

BUIDL PROGRAM

Apeswap Finance has set up a website to assist newly launched Binance Smart Chain projects. Any initiative that contributes to Apeswap’s liquidity and meets certain criteria is partnered with and rewarded.

The aim of this initiative is to increase the amount of existing and new programmes that can participate. To apply for the programme, you must first complete the following steps:

● the first step is Application

Apeswap developed this product to aid in the creation of new projects on its website.

Apeswap BUIDL implements new projects, which go through a series of processes and evaluations before being authorised.

Apeswap reviews the project and approves it as an applicant after it passes an examination if the application is complete. A team member is assigned to start helping the project right away.

This project has been added to the BUIDL programme, and the token has been added to the BUIDL DEX token listing.

Step 2: Constructing

Following its successful submission, the project will be assisted by a member of the team who will assist in its development on the site.

3rd step:

After the requisite phase has been completed and the benefits have been realised, the project can be accepted as a participant in the Apeswap BUIDL programme.

The First Ape Offering (IAO)

This is a method for incorporating new project tokens into the Apeswap funding environment. It can also be used to raise funds for the website. Members use their BANANA-BNB tokens to buy these new tokens. The project will be handed over to BNB.

Lotteries

On the Apeswap website, a lottery scheme is run in favour of community members. This is how it works:

● Members of the community who are interested receive ten BANANA lottery tickets per ticket.

● At any given time, you can only collect 50 tickets.

● Each ticket has a four-digit number that must match the number on the winning ticket.

● Tickets with three or two winning numbers will be qualified for prizes.

● You draw the winning numbers every 24 hours.

Golden BANANA (GNANA)

Apeswap recommends this proposal in order to show appreciation for those who remain in the community. It’s an added feature that is not found anywhere else.

CONTROLLING THE SUPPLY OF BANANAS

The supply of BANANA tokens is controlled by certain processes, which are normally carried out by a team. Users are worried because no BANANA tokens have been indicated to be sent to the party, and the token is susceptible to inflation.

FREQUENTLY ASKED QUESTIONS

1. What is the distinction between staking and farming?

Supplying liquidity to one of the page’s farming pools and then staking LP tokens is what farming entails.

The staking mechanism does not include the provision of liquidity. Simply to lay claim to THE BANANA, both have benefits and drawbacks.

2. What is the most efficient way to obtain airdrops?

Any approved airdrop can be communicated by the company if the need arises.

3. What is the concept of staking?

The first move is to add BANANA tokens to the pool. Depositors receive APE-LP tokens as proof of stake. Staking APE-LP tokens in the Staking Pool will give you some benefits.

Check out below for more information.