APESWAP: A DECENTRALIZED EXCHANGE INNOVATION FOR SAFE OPERATIONS

SWOT ANALYSIS AND USES OF THE BANANA TOKEN

Holding the $BANANA token makes so much sense in this platform. It will make users participate in the pools. In ApeSwap, users can add to the update of the BUIDL program making the community a stride further and reserving every one of the rights to the program. The Defi Innovation has association with Binance smart chain, it provides decentralized exchange and account. This platform is certainly a strong one that can make things work with the speed of light. All you need is to begin with the platform and get the $BANANA token.
This platform token has an association with the NFTs, the non fungible tokens for non fungible Apes. This sort of token is uncommon and a sort that is permanent with incredible characteristics. Anyway the characteristics of this token is uncommon for the users to have wide use cases.
So far, this platform has had the option to burn some of us token and in the middle, the $BANANA token is going somewhere so as to accomplish milestones that are impressive. The liquidity is also going to be added, the volume of the tokens used for transactions will be around 400 million dollars enough for the users to process their transactions and for there to be sufficient liquidity in the system.
The trading competition for this platform is presently live on vast sea for users to participate in and share the awesome benefits that will come from it. So as a result of this, the users will exchange their $BANANA inorder to earn their share of the $3,000 which is to be shared between those who participate in the opposition. The cost will shift, trading competition will be a piece of it and a lot more friends will be made to exchange and earn more from it.
For users to participate in the above competition, they need to know details about the opposition, that is the opposition will occur through the Open sea money and that will take up the transactions, the transactions will straightforwardly be measured in volume as the rewards will be advertised. On March 21st, the platform will open a new pool and start the distribution of rewards the new pool will also be used to give liquidity pairs which will incorporate $BANANA-BRICK

THE USE OF BANANA FARM

The need for this comes handy for users who don't have enough money to get the $BANANA token, this is what they have to fall back to. The farm here allows them to generate more and more $BANANA token. This is why there are quite of lot of these farms in this platform, at first they were five but now more have been added and now there are new partners as well forming a part of this platform. Some out of these farm are BANANA/BUSD, BNB/BUSD, BANANA/BNB, ETH/BNB, BTC/BNB and now there are more of them.

ATTRIBUTES OF THE BANANA TOKEN

ApeSwap is a DEX. In our pursuit of becoming the best DEX possible for our users, we’ve realized we need to increase the incentives for the core BANANA/BNB & BANANA/BUSD pairs, while phasing out the other BANANA/token farms.
We are increasing the rewards for core $BANANA pairs
This is by far the biggest takeaway from this article — we are shifting rewards around to incentivize better trading pairs. This is not a decrease in overall rewards. The rewards that were being allocated to the 7 current BANANA/Token farms are primarily being moved to the BANANA/BNB, BANANA/BUSD trading pairs and the core BANANA staking pool. So the best thing you can do as an LP holder is move your BANANA from the phased out farms to these other pairs to continue to farm that juicy BANANA.

DEMAND FOR TOP USED TRADING PAIRS

If we analyze top trading pairs on our DEX and other DEX’s, it’s clear that the highest demand is for Token/BNB (or Token/ETH in the case of Ethereum based DEX’s). In order to attract more users we are going to be focusing on incentivizing liquidity for Token/BNB trading pairs go forward.

FOCUSING ON A SINGLE LIQUIDITY POOL

Given how Automated Market Makers work with the liquidity pool model, we have realized it is better to have a single pool that is HIGHLY liquid, rather than multiple trading pairs that are slightly liquid. For that reason it makes the most sense to focus on one trading pair, again Token/BNB, and incentivize liquidity there.

ARBITRAGE

We have noticed that a lot bots are having a heyday arbitraging between the price fluctuations in these BANANA/Token trading pairs. This ultimately hurts the price of BANANA and our token holders. Removing these will help support a better BANANA price over the long term.

IMPERMANENT LOSS

Since BANANA is still a very new token, the volatility is quite high. That opens up BANANA/Token LPs to be subject to higher risk of impermanent loss. Reducing the number of incentivized trading pairs against BANANA will help mitigate these types of losses.

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AUTHOR
Bitcointalk username: Marietu
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BSC Wallet address: 0xA9942439100920530cCDa2A644AFCd0a5bAbdA87