Post
Topic
Board Tokens (Altcoins)
Re: 🍌🍌 [ANN] ApeSwap | The next-gen AMM, Staking and Farming Protocol on BSC 🍌🍌
by
Bitstar_coin
on 15/05/2021, 05:01:30 UTC
So PancakeSwap community has voted to reduce the CAKE per block to half (from 40 to 20). Good news for scarcity's sake right? ApeSwap's BANANA per block is 10 by the way Grin
ApeSwap team also burn their tokens as I recalled. ApeSwap burn plan.

I can not step in the shoes of investors but $BANANA rallies in the last 24 hours. It's more than 15% up and volume is high enough to trade and swap.

About 4 milliion of $BANANA tokens were burned according to https://apeswap.finance/
Quote
Banana Stats

USD MARKET CAP  $ 140,967,127

BANANA IN CIRCULATION   27,979,842

BANANA BURNED   3,968,595

DEX LIQUIDITY   $ 245,076,830

DISTRIBUTED BANANA/BLOCK   10

I like the idea of the team burning some $BANANA to reduce circulation and increase scarcity, I hope it will reflect on price as well because this is where the interest of majority lies,
And speaking of ApeSwap, I have really use the platform for anything, am thinking of doing some staking outside binance so I would probably take a look around ApeSwap and see if it catches my interest.