The ApeSwap project that went live on February 2021 has since gathered over $33 million in transaction volume with a daily average of over 2,500 new users. There is no question of Binance Smart Chain being the place to be in DeFi currently. You can witness a sheer number of Automated Market Makers getting launched every single day to see the growth of BSC space.
This also means unfortunately, that there may be no shortage of scams, rug-pulls and even honest projects that just fail to compete. Creating a project and making it successful is something that requires a whole lot of experience and uniqueness. (It is to be noted that, a project that you want to launch with the help of our ApeSwap Clone script must have some unique functionality to make it successful. This can be customized with the help of our white labeled ApeSwap Clone Script.)
There are many, other new farms and AMMs launched on BSC everyday but most are forks of PancakeSwap or Goose. But there is difference to be noted here. Many new farms are essentially arising with inbuilt features of PancakeSwap, which means the users of the platform will be limited to functionalities and markets provided by PancakeSwap. So, to mark the uniqueness ApeSwap made a difference by controlling its platform by creating its own farm as well as DEX and AMM. This just means, along the time the platform the can undergo developments based on the requirements. The ApeSwap simply won’t be the reflection of PancakeSwap.
Features of ApeSwap Platform
The platform ApeSwap banks on the fact that the market is moving towards the AMM’s and liquidity provision. These kind of protocols are well known as yield farming. ApeSwap tries to deliver innovative services through its coupling of traditional liquidity incentives with stake and earn program. The token $BANANA is used to yield incentives alongwith its growth of ApeSwap’s success within the BSC network. The AprSwap protocol provides Yield Farming with a Total Value Stock (TVL) of $35 million and annual percentage of 1000% in the farms.
What has driven the ApeSwap Platform to its heights?
One of the major driving force behind the ApeSwap was the ‘BANANA frenzy’ information that increased the surge in both users and volume of the platform. The essence of BANANA frenzy is just a liquidity mining and staking program that motivates users to participate in the network. Also the BANANA burn roadmap made the community to hit the milestones together. Earning $BANANA can be done through staking and joining liquidity pools.
The largest benefit offered by $BANANA is the banana frenzy that offered that offered unique liquidity and staking program to the platform. This was how it worked:
40 $BANANA token minted per block in the first 72hours
20 $ BANANA token was mined per block within the second 72 hours
10 $BANANA token minted per block afterward.
This system was system was made to benefit the early adopters of the platform. The users who adapted to this were rewarded the most. This played a vital role to the success of the platform.
Mechanism of Burning
Like any other projects introducing a burn mechanism into their tokenomics to decrease their token supply and to give a raise in the token value over time, ApeSwap also has planned a burning structure. The team’s burning schedule will track the protocols growth.
The ApeSwap Clone Script is the best choice when developing a Platform like ApeSwap. Why so? This will help you to readily launch a platform like ApeSwap, as the ApeSwap clone script will hold all the features and functionalities of ApeSwap. With our white labeled ApeSwap Clone script you can easily customize the platform based on your requirements. The customization also includes the addition of new features to the platform that’s currently not present in the ApeSwap exchange.
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