Benefits of $STARS Token Integration on ApeSwap
As at 15th of July, 2021, Mogul’s Utility, the $STARS token was introduced to the Binance Smart Chain. As a result Mogul Productions, a decentralized film finance and movie-based NFT platform that connects movie fans, creators, and funders, partnered with ApeSwap, the Binance Smart Chain (BSC) ecosystem’s fastest-growing decentralized exchange (DEX) and community, so as to enable holders to access $STARS token on Binance Smart Chain.
People are looking for new ways to trade and swap their currencies as the Decentralized Finance (DeFi) sector grows. ApeSwap is one of the most recent ideas to emerge from Binance’s Smart Chain (BSC).
The next couple of sessions will explain what ApeSwap is, how it works, and how to get started using it. Furthermore, you will discover what $BANANA is and how it functions on this platform.
ApeSwap is a Binance Smart Chain Automated Market Maker, Yield Farming, and Staking platform (forked from PancakeSwap). DeFi Apes created ApeSwap for DeFi Apes. Thet have a committed team of experienced monkeys with years of experience in the crypto sector. Their platform’s native currency is $BANANA. ApeSwap allows you to stake, pool, and make $BANANA.
Participation in ApeSwap’s farms, pools, and Initial Ape Offerings (IAOs), all of which revolve around their BANANA and GNANA tokens, will enable users earn more utility. Users can gain BANANA by staking their existing tokens, and vice versa.
Key Features and Services
Traders can use the Apeswap platform’s Automated Market Maker to make trades quickly and with minimal slippage. Yield farming with a Total Value Lock (TVL) of $35 million and an Annual Percentage Yield (APR) of up to 1,000 percent is also available through the procedure.
ApeSwap’s primary service is its decentralized exchange (DEX). ApeSwap functions as an automated market maker (AMM) solution in comparison to other platforms. This signifies that this exchange does not have any order books. For different trading pairs, liquidity is provided by a network of liquidity pools.
Yield farming is one of the ways to earn money by providing liquidity to AMM platforms. Users would deposit monies in various liquidity pools and be paid for the liquidity they supply in this scenario. The more their percentage stake, the greater the incentives they would obtain. If your funds account for 20% of the liquidity pool, you will receive 20% of the rewards from the platform’s fees.
ApeSwap staking scheme incentivizes users to add liquidity to the platform. Users are rewarded with the $BANANA cryptocurrency, which is the platform’s own digital asset. Typically, the platform will offer a variety of deals in order to attract more users to it.
A lottery, Initial Ape Offerings (IAO), and other extra services are among the extra services available.
$STARS token integration into ApeSwap
The STARS token is one of the utilities offered by Mogul Productions. It is Mogul native token and it is required for access to the Mogul platform, and is used as an in-app currency to purchase rewards and pay for actions within the platform.
As at July 15, 2021, STARS holders are now able to use ApeSwap, giving Mogul access to ApeSwap’s increasing userbase of 400,000 monthly active users.
Apart from incorporating STARS into ApeSwap’s platform, Mogul and ApeSwap are collaborating on a number of marketing initiatives aimed at bringing STARS to the BSC ecosystem. ApeSwap’s engaged userbase, including their 30,000 BANANA holders and non-fungible ape holders, will benefit from these co-marketing activities.
ApeSwap will feature Mogul on ApeTV, a worldwide podcast series with listeners in over 30 countries that is now available on Spotify, as part of the collaboration.
Users can benefit from both Partnership by participating in several Twitter and Telegram giveaways from both projects.
As a Mogul Access Pass holders, You can earn gifted $10,000 worth of free BANANA giveaway, and non-fungible ape holders will be gifted STARS BEP20 tokens as well. A GNANA holders can stake on the staking pool to earn STARS, STARS token will be officially listed on Apeswap, and STARS/BNB LP farm to earn BANANA.
Mogul is identified as a top Ethereum project in the NFT space based on the fact that they’ve grown their audience to over 50,000 users and done more than $10 million in NFT sales making ApeSwap to be incredibly excited to launch STARS products on its platform.
The relationship is a fantastic milestone for both partners because both Mogul and ApeSwap are two of the fastest-growing ventures in the cryptoverse, and more and more people are seeking to BSC-friendly platforms to get their hands on crypto. “At Mogul, community growth is consider as paramount, and ApeSwap community will be valued as well by Mogul.
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