ApeSwap: A platform on Binance Smart Chain for Staking and Farming

ApeSwap is managed and monitored by a formidable team that has experience with smart blockchain technology. The Binance Smart Chain was preferred and chosen by the team because it is fast, cheaper, and reliable. There has been and will always be continuous auditing of the platform to enhance its transparency and security.

What is AMM Crypto?

An automated market maker (AMM) is a type of decentralized exchange (DEX) protocol that relies on a mathematical formula to price assets. Instead of using an order book like a traditional exchange, assets are priced according to a pricing algorithm.

How does a decentralized exchange work?

Decentralized exchanges take a different approach to buy and selling digital assets by operating without an intermediary organization clearing transactions, instead of leveraging self-executing smart contracts to facilitate trading. In the absence of intermediaries, DEXs take on a non-custodial framework.

What are Fungible and Non-Fungible?

Fungibility is the ability of a good or asset to be readily interchanged for another of like kind. Like goods and assets that are not interchangeable, such as owned cars and houses, are non-fungible. A non-fungible token (NFT) is a unit of data stored on a digital ledger, called a blockchain, that certifies a digital asset to be unique and therefore not interchangeable. NFTs can be used to represent items such as photos, videos, audio, and other types of digital files

About BANANA Token

BANANA is the primary token of the ApeSwap protocol. It is needed in all transactions in the BSC Ape platforms such as liquidity pools and other introduced partner tokens and products. The BANANA token is transparent, open, and has fair launching decisions.

ApeSwap Farming

This is the depositing of BANANA tokens in the Liquidity pool to earn some returns.

There are various opportunities in the Apeswap platform for the users to grow their funds. There may be some little loss in LP staking, but it is better than leaving tokens idle in the wallet. The platform commenced with the following 5 farms pools has added more farms as can be found at www. Apeswap. finance/farms

Roadmap

How ApeSwap plans to evolve ApeSwap.Finance! ApeSwap.Finance Tentative Timeline is here:

April 2021:

Advanced burning mechanics (e.g., Golden BANANA)

UI revamp & enhancements

NFA page enhancements

May 2021:

Continuing to strategically bring new farms and pools to ApeSwap NFA Initial Sales Platform

June 2021:

Integration of governance mechanisms

September 2021:

Auto-compounding farms and Vaults

Yield Farming

All you need to become a BSC Yield Farmer. At ApeSwap, They use our farms to primarily incentivize users to provide liquidity for their favorite projects by rewarding them in BANANA. They are foremost a DEX, so the more liquidity we have the more users can trade. It’s in their best interest to encourage liquidity for popular trading pairs on ApeSwap! Using farms, users can stake their APE-LP tokens after providing liquidity to earn high APYs through our platform. If you’re considering supplying liquidity to one of our pools in order to farm, it’s important to understand the effects of impermanent loss.

From the article, you can notice that ApeSwap allows digital assets to be traded in a permissionless and automatic way using liquidity pools rather than a traditional market of buyers and sellers. ApeSwap was built by DeFi Apes, for DeFi Apes. They have a dedicated team of experienced monkeys, who have been in the crypto space for years. It could be a good option for your investment.

Official links for more update;

Website: https://apeswap.finance

Twitte : https://twitter.com/ape_swap

Telegram : https://t.me/ape_swap_news

Medium : https://ape-swap.medium.com

Github : https://github.com/ApeSwapFinance

Author

BitcoinTalk username : Fornam

My Bitcointalk Profile Link : https://bitcointalk.org/index.php?action=profile;u=2280648

BSC Address : 0x5999F2A7848FF343FeD13E1337f3E77C61D4dB60