ApeSwap Finance — platform for farming, staking, NFT and IAO sales

Vlad Shaver
5 min readMay 2, 2021

ApeSwap Finance — a decentralized token exchange of the BSC network, BANANA token farming, staking, NF monkey, as well as a platform for conducting IAO.

Let’s talk today about the capabilities of this platform, about the advantages of this project among other similar projects, why I personally choose this project, how it is convenient to use.

First of all, this platform performs its main function — the exchange of tokens among themselves in the Binance Smart Chain network.

You can easily go to the website of this project and very quickly exchange, buy, sell any token, the most important thing is that it is on the BSC.

To make an exchange, you need to go to the official website and click on the “Connect” button

Then click on the TradeExchange button and you will be taken here:

Now you just need to select the coins that you want to exchange and the coin that you want to exchange for and click on the “Swap” button.

Liquidity

This is probably the most important thing in such projects, every project should have liquidity, but such projects should have 100%, because they provide token exchange services, and there should be liquidity so that people can make an exchange without problems at any time.

You can become a liquidity provider for this project and receive bonuses for this, we will talk about what bonuses you can receive later.

If you want to become a liquidity provider, then you will need to click on the button and select the coin pair to which you want to add liquidity.

Farms

Farms — farms where you will receive BANANA tokens for providing liquidity in coins for the project.

When you block coins in liquidity, you get LP tokens, which you can drain in firms and receive a reward for this in BANANA tokens.

The two most profitable firms can bring you up to 500% a year, it’s just a huge percentage to earn a BANANA tokens, you just need to become a liquidity provider.

There are enough farms on this site, I think that everyone will be able to find a suitable farm for themselves, where they can earn BANANA tokens.

Also, the project is constantly adding new farms.

Pools

Pools ( Staking Pools ) — get tokens for stake BANANA tokens in the pool.

In many pools, you can get as much as 200% per year in pool tokens.

Hurry up to earn money by storing tokens in the pool, because there may come a time when you will no longer be able to store certain tokens in the pool and receive rewards for it.

Initial Ape Offerings (IAOs)

IAO — initial sale of tokens of new projects before listing on the market.

Here, holders of BNB-BANANA LP tokens can exchange their LP tokens for new tokens of coins that have not yet been released on the market.

There are constantly new EAO, and there are quite well-known projects that will remain on the market in a year and possibly two, so this is not a bad way to get tokens for a new project.

The EAO works so that all the collected BANANA tokens are burned, and all the BNB will be collected and sent to the project.

NFA and Lottery

NFA — these are NFT cards of monkeys that are traded on the market and can be traded.

Here is an example of what they look like.

Each monkey has a rarity, below is a table of the rarity of monkeys:

  • Common Chimps: Tier 1 (500 NFAs) — Most common
  • Original Orangutans: Tier 2 (250 NFAs)
  • Alluring Apes: Tier 3 (150 NFAs)
  • Prime Primates: Tier 4 (70 NFAs)
  • Magic Monkeys: Tier 5 (30 NFAs) — Most rare

NFA market — https://nftkey.app/collections/nfas/?nfasTab=forSale

Lottery — try your luck, buy a ticket and if it is a winning one, you will earn BANANA tokens.

This is exactly what the lottery looks like, there is simple luck, if you are lucky — you will earn, if not-then your BANANA tokens will be burned.

How it works?

Spend BANANA to buy tickets, contributing to the lottery pot. Win prizes if 2, 3, or 4 of your ticket numbers match the winning numbers and their exact order!

That’s all, I told you today about the ApeSwap project, told you about its capabilities and how you can earn bananas and other tokens on it.

To use this project or not is your business, below I will provide links to the resources of this project:

Web-site — https://apeswap.finance/
Info — https://info.apeswap.finance/
Telegram channel — https://t.me/ape_swap_news
Telegram chat — https://t.me/ape_swap
Twitter — https://twitter.com/ape_swap

Author — Insober
My wallet — 0xEE3B0845674745A2F68fF27B04F7b4d07f43685D

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