How ApeSwap Works

The main token of the platform is Banana, which you can buy in the Exchange itself or any other. The platform also has another token, known as gnana, which we will see later its usefulness and what you can do with it.

As in all DEFI exchanges, we find the farms part. Where you can do staking of LP Tokens, where you find the LP Token of the platform, as we see banana binance coin and many others. Although farms can be found in all DEFI exchanges, in banana the truth is surprising the amount of LP Tokens and variety that you can find for staking. In addition to a great profitability in almost all LP Tokens that you will not see in other platforms. Although you have to take into account that you will receive banana as a reward, and not the LP Token you are staking. Even so, it gives a great profitability and the price of banana is usually very stable when the market does not fall. If you like faming LP’s, I recommend you to take a look at the farms section because I’m sure you will find a good LP to farm.

We continue with Pools. Here, you will be able to staking banana or gnanana mainly in exchange for the same cryptocurrency or some other. There is also staking of other cryptocurrencies like BFT. It is very interesting if you like one of the projects you can find and get their token by staking your tokens. There are some pools that you are going to need gnana that later we will see how you can get it. Although in pools there is not as much variety as in farms, there is still plenty to put your banana tokens to work.

In IAO, you will find releases of new projects. In this case, we see aperocket, which was recently launched and you will be able to participate in the new releases that will be made. In past IAO, we can see other releases to see how they went and see if it is really profitable to invest in the next releases to be made in Apeswap.

Gnana

Now we go to apezone, where we find gnana. The main difference and function it has compared to other exchanges. Gnana can be exchanged for banana, but you will receive 0,70 gnana. Gnana is the special token of the apeswap community, which allows access to new project releases, staking that can only be done with gnana, voting within the platform and other functions that will be added. The token always goes hand in hand with banana. Where by keeping gnana in your wallet, you will receive 2% of each transaction made, similar to how safemoon works.

Price of Gnana

When you buy gnana, you pay a 30% commission, which you will not get back when you want to convert your gnana back to banana. This 30% that you pay as commission, 28% is burned, which helps to keep the price of banana more stable and its price going up, and the other 2% is distributed among the people who have gnana in their wallet. If you want to sell your gnana to convert it to banana, you will have to pay only 2% commission this time. So 10 banana is equivalent to 7 gnana if you want to buy it. But if you have 10 gnana and you want to sell it for banana, you will receive 9.8 banana. I hope it is clear how it works. Although you pay extra, gnana has a lot of utility and is a way to be part of the apeswap community.

What makes apeswap different, is mainly its gnana token that allows more VIP access to users who have it, paying an extra each time they want to move from banana to gnana, but also earning a percentage on each transaction that is made once you have gnana. Also if they add new features to this token, it can be really useful and more people are going to buy it.

NFT ApeSwap

Finally, in NFA, we find NFT’s that we can find related to apeswap. Where you can find future releases of NFT’S collections and see the ones that have already been made.

I hope this video has helped you to learn more about the Monkey Exchange. If you don’t have an account with binance, you can create one below.