ApeSwap — new decentralized token exchanger.

Artem Pitulevich Blog
4 min readMay 3, 2021

ApeSwap Finance — decentralized token exchange, token farming, lottery, participation in the IAO, NFA.

On this platform, you can exchange tokens, as well as earn BANANA tokens on farming

Features of ApeSwap:

  1. Exchange
  2. Earn tokens
    - farms
    - staking
  3. Win BANANA in Lottery
  4. Invest in IAO
  5. Collect NFA’s

Exchange

This is what the token exchange looks like on ApeSwap, just like on other similar platforms. You just need to select the tokens to exchange and make the exchange in two clicks.

After selecting the coins, you will need to pay a commission in BNB, about 50–60 cents.

Earn BANANA tokens

There are two main ways to earn BANANA tokens on ApeSwap:

  • farming
  • staking

Farming — the project provides an opportunity for people to earn money on farms that help the project and provide liquidity to the project.

For farming, you need two coins, the balances of which will need to be divided in half, 50% in one and 50% in the other.

Here are the farms, to earn money on farms, you need to get LP tokens, with which you will receive BANANA tokens on farms:

To get LP tokens you need to add liquidity to the project:

After you replenish the project’s liquidity, you will be given LP tokens that you can shove into the farm and farm up to 600% of the BANANA tokens from your funds per year.

Staking — Stake BANANA to earn new tokens.

Keep your BANANA tokens in these pools and earn new tokens, this is very convenient if you keep BANANA tokens and don’t mind earning some new tokens.

The pools are not endless and sooner or later they end, so if you see a good pool with a good token, it is better to go there immediately and farm the token.

Win BANANA in Lottery

Buy tickets for BANANA tokens and try to win more BANANA tokens.

All those who lose — their toxins are burned.

This is a very good system for constantly burning BANANA tokens, which will constantly push the price of the token up.

Interface of Lottery:

Invest in IAO — Buy new tokens by staking APE-LP.

An Initial Ape Offering (IAO) is a fundraising vehicle utilized to launch new tokens and bring liquidity to those tokens. In general, you need BANANA-BNB LP tokens to participate in an IAO. Essentially you are trading those LPs for the token being launched.

In an IAO, the project gets the BNB, ApeSwap burns the BANANA.

How to participate in an IAO:

  1. Purchase both BNB and BANANA tokens.
  2. Get BANANA-BNB LP tokens by providing liquidity on ApeSwap.
  3. Commit your BANANA-BNB LP tokens to buy the IAO tokens.

Collect NFA

Non Fungible Apes (NFA) — cryptographically generated set of 1,000 unique, rare, immutable, digital apes.

These are NFT monkeys, each of them is individual and has its own value, each monkey of them is traded.

Here’s how much they cost:

Market:
https://nftkey.app/collections/nfas/?nfasTab=forSale

How were NFAs generated?

Each characteristic has a different likelihood of occurring in each ape generation, making some characteristics much more rare than others. For instance, only 32 apes have laser eyes and only 107 apes have sunglasses. Each ape has a score generated based on the combined rarity of its characteristics

All NFA:

My opinion about project :

ApeSwap is a convenient platform for exchanging tokens, as there are many ways to earn BANANAS and many other tokens there.

At the expense of the BANANA token-it is a very liquid token, traded in a lot of places, the token has grown very much recently in price, literally 6–7 times.

Therefore, go right now in the project and earn BANANA tokens, then it may be too late, the interest is getting smaller and smaller every day.

The total liquidity in the project is not small:

Social Media of project:

App — https://apeswap.finance/
Twitter — https://twitter.com/ape_swap
TG chat — https://t.me/ape_swap
TG channel —https://t.me/ape_swap_news

My nick on BTT — DamonWilliam
Adress —
0xB5A6c257cC21118454F547af7d10b1758aea0639

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