How to Participate in the Initial Ape Offerings by ApeSwap

amanette (42)in #apeswap • 4 years ago

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The ApeSwap Decentralized Exchange (DEX) and Automated market Maker 9AMM is rolling out new ways to participate in the earliest token sales of any cryptocurrency project.

It is starting that by offering the Initial Ape Offerings (IAOs) during the pre-sales. In this article, you will find out everything you want to know about IAOs, as well as how you can participate in one.

What are IAOs?
Initial Ape Offerings (IAOs) are new crowdfunding models that are peculiar to the ApeSwap Finance ecosystem. This fundraising process allows new cryptocurrency projects that are built on the Binance Smart Chain (BSC) to attract new investors, launch their new crypto tokens and bring liquidity to those tokens.

Now, you can participate in the Initial Ape Offerings (IAOs) so you can be one of the first investors that will farm and earn the new crypto tokens that will be launched.

Structure of the IAOs
The Initial Ape Offerings (IAOs) are well-structured, so there is no room for alarm over the genuine nature of the project.

First, you need to have a specific amount of the BANANA-BNB LP tokens so you can participate in the IAOs. You can get the tokens by farming or providing liquidity to existing farms on ApeSwap.

Second, you are required to trade the Liquidity Provider (LP) tokens for the new crypto tokens that are about to be launched.

Note that the new cryptocurrency project will get the Binance Coin (BNB) while ApeSwap will burn the BANANA Token.

How to Participate in IAOs
If you want to be a part of the Initial Ape Offerings (IAOs) by ApeSwap, here are the steps to take:

Have Your Tokens Readied
You can either earn the BANANA-BNB Liquidity Provider (LP) token by providing liquidity to farms on ApeSwap or you purchase both the BANANA Token and the Binance Coin (BNB).
Buy the IAO Tokens
Once the IOAs start, you can then commit your BANANA-BNB LP token or the BNB coin to buy the Initial Ape Offering (IAO) tokens.
Claim Your IAO Tokens
After buying the IAO tokens during the sales, be patient so that the others can also buy. Take note of the duration of the sales so that you will be ready to claim the Initial Ape Offering (IAO tokens you bought.

Wait for the IAO token sales to be completed before you can claim your bought IAO tokens.

Note that your unspent funds will also be sent back. So, you can be confident that you will not lose money even if you did not use all your funds during the sales.

Besides, the organized nature of the IAO ensures that participants can be allowed to unstake or remove their stakes if the subscription for the token sales is exhausted.

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CONCLUSION
Initial Ape Offerings (IAOs) are new phenomenon in the Decentralized Finance (DeFi) niche of the cryptocurrency economy. You can now be a part of the pioneer investors in budding cryptocurrency projects that will be launched via the Binance Smart Chain (BSC) ecosystem.

Just get your BANANA-BNB LP tokens ready and wait for the pool to be opened so you can start buying the IAO tokens with the steps shown above.

Are you eager to be a part of the Ape world, start trading immediately!!

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