Introducing the Non Fungible Ape from ApeSwap

Introducing ApeSwap

ApeSwap Finance is an unprecedented AMM Defi structured on the Binance Smart Chain. Managed by a trusted and tough team with years of experience in smart contracts on the Defi blockchain.

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

DeFi which is also known as Decentralized Finance has been a great blessing for the blockchain industry and the free world. As we may be aware that cryptocurrencies function as decentralized storage with significant value secured, DeFi creates decentralized monetary instruments that are free from ordinary concentrated institutions. The DeFi world has experienced rapid development in 2020, back in 2019 the DeFi industry value was $ 275 million. However, in February 2020 prices expanded significantly to a total of $ 2.5 billion by early July, $ 3 billion in mid-July, and $ 4 billion by July 25. This level of development indicates the increasing interest of the masses towards DeFi.

Just like the 2017-2018 ICO boom, scam projects within the DeFi space are on the rise too. This scam project has exploited DeFi's growing fame in the industry. The individuals most affected are, newcomers, into the DeFi space who haven't or couldn't research these projects as expected. As a writer in the blockchain industry, I've chosen to create this post to help newcomers differentiate between genuine and certified projects. There are so many of them out there. Today I will discuss among others extraordinary that I have discussed. I have to say this project is one of the surviving DeFi projects in 2021.

Safe to say that you are a fan of #DeFi and #NFTs because you can easily get passive payouts by simply staking and adding liquidity pools to get fun prizes? If so, this article really suits you and I have something spicy for you.

As you may be aware, Automated Market Maker (AMM) has become a well-known destination for all kinds of investment actions nowadays, the reason is simple, because successful AMM projects like Uniswap, PancakeSwap and BakerySwap are one of the reasons to inspire different developers to create them. Another AMM Decentralized Exchange and I need to provide you with another project with the same as them.

Another excursion from the AMM Decentralized Exchange!

I present ApeSwap - The upcoming era of Automated Market Maker (AMM) via the Binance Smart Chain (BSC). ApeSwap branched off from PancakeSwap for branch codes you can check out: here and why did they choose BSC? Because the BSC has managed to come up with several solutions to the main problem on the Ethereum Network which is higher costs.

To gain trust for the community, ApeSwap has been audited by BSC Gemz and Certik Audit. Additionally, they offer several services on their AMM Decentralized Exchange:

Trade actions

Agriculture

Pools

IAO (Early Ape Offerings)

NFA (Non-Fungible Monkey)

Lottery

An interesting aspect about them is the "Lottery" as this is my first ideal opportunity to see some AMM Decentralized Exchanges have this kind of spotlight to try out your own karma.

Apes loves $ BANANA

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:

Add their own token set

Produces agricultural rewards

Governance

in the end, we all try to keep up with the next big project. Well ApeSwap was that project and we took the monkey to the moon.
We plan to enforce a number of pillars:

Transparency around our tokens and projects, and our actions. We recognize that it will take time to build this trust.
Fair launch. Check out the disclosure section, we've listed every decision we made around launching and why we made those decisions.
Disclosure of our actions. if we spend developer funds, we'll document what those funds are used for in this section of the GitBook Development Fund and include a TX hash. If we do an update to the smart contract, we will use that time and the document lock too

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.