LBank AMA with ApeSwap

Q1:Can you tell us a little about yourself and a brief introduction to ApeSwap?

First, about me… I am one of 5 co-founders of ApeSwap.Finance. I come from a background in crypto, startups, and tech consulting. Secondly, the more interesting part, is ApeSwap.Finance!

ApeSwap.Finance at its core is a Decentralized Exchange on Binance Smart Chain, which aims to provided the best retail trading experience possible.

Additionally, ApeSwap offers yield farming opportunities for users to earn money on their assets.

Q2: Now what more could we expect from the LBank X Apeswap partnership?

Well, LBANK was one of the exchanges to pick us up organically which means there’s lots of interest forming around the $BANANA token and the ApeSwap.Finance platform!

First the listing on LBANK offers exposure to a broader userbase and a deeper place of liquidity for our token and users more investors = larger community = beneficial for both ApeSwap & LBANK.

Going forward, we plan to have some exciting marketing events and further collaborations, just like this AMA where there are some $BANANA prizes up for grabs

Q3:Could you explain a bit more about what makes ApeSwap unique from the other swaps like sushi swap/uniswap?

First of all, we are native to Binance Smart Chain.

This means we have very cheap fees, and can process transactions very quickly this allows us to accomodate many more users.

Second, we offer WAY higher APRs!

The nice thing about being a relatively new project is that we can consistently offer 500% APRs on some of the farms, which means people on ApeSwap can take thier existing assets and make money from this. If you’re interested you can always hop into @ape_swap to learn how!

Third, we are community-driven and partnership-focused.

We have a commmunity over ~150,000 members across all social platforms and we have launched over 70 partnerships.

This means you’re in great company to grow alongside our communtiy As we say “All animals are welcome in the #ApeSwap Jungle”

We give access to unique tokens with high upside!

ApeSwap has a selection of dozen of tokens that you cannot find anywhere else. Some of these (such as our “Initial Ape Offering”) have gone as much as 30x Lots of opportunity if you’re part of the community!

And finally, we’re always #BUIDLing. We work non-stop to crank out features, answer concerns, throw community events, etc. We invite you to drop by and see us at work! @ape_swap

Q4:So with what you mentioned above, What strategy will you implement to bring non-crypto-natives gamers into your ecosystem? How do you keep a balance between developing the technology and also improving the value of your token?

Great question! It all comes down to simplicity and ease of use.

Most crypto people are so used to addresses, wallets, transactions hashes, different tokens, etc… but all these concepts are so foreign to most mainstream users!!

And as you pointed out this is extremely important to tap into to grow the ApeSwap ecosystem

So what we’re doing boils down to 2 main things.

1. Simplicity

2. 2. Incentives

Stating with Simplicity, our goal is to make the easiest DEX retail trading experience possible Users shouldn’t need to know anything besides swapping two tokens. It should be super super easy!

Incentives are the second peice, to get people interested…Right now ApeSwap.Finance offers up to 500% APR on some of the assets you might already have that’s super intersting to investors and naturally interests people.Moral of the story, we try to create an inclusive environment. All animals welcome in the Jungle.

Q5:Moving on to the Next Level, What is then next development progress we will see in future? Is there any future plan to attract more users to increase the trading volume? How can I get update about your project every moment?

So let’s break that question down into 2 parts:

1. What’s on the roadmap?

2. 2. How can you get updates?

First, what’s on the roadmap. Glad you asked! I’m super hyped since we’re doing a lot in the month of June for our #HotDeFiSummer campaign.

Specifically we have some “June Pledges” that we are committed to accomplishing!

But that’s not even the most exciting part, we have our eyes on some much greater intiatives right now…I can’t say too much without my team killing me, but I’ll give you a hit… ApeSwap is going to go _ross _hain.

Looks like that might’ve got deleted due to the link…

But there are 3 places where you can stay up to date:

1. ApeSwap’s Twitter (handle is ape_swap)

2. 2. ApeSwap’s Telegram announcement (@ape_swap_news)

3. 3. Me personally!

You can follow me on Twitter at Obie_Dobo, I love to share sneak previews and do fun giveaways.

Q6:Evaluating the space currently, The NFT space is fast growing but the majority of crypto users are more keen on DeFi. How does your team aim to integrate the NFT with DeFi to make it a sought after space like the AMM.

Well, for those who don’t know, we have a super fun NFT project called “Non Fungible Apes”

These are a set of 1,000 (never any more) rare crypto-collectibles that also have utility.

Some fun facts…

- We’ve already given over $100,000 across the NFA holders.

- — We are working to find partners to increase utility

- Some NFAs have sold for as high as $12,500 each, but we like to sell them at lower prices for initial sales

These have grown wildly popular in our community, here are some examples:

We have just a few more NFAs to release, with some sales coming up, so be sure to follow us for more information to get them cheap!

Q6:

THO LUCKY:

IF THE BEAR MARKET COMES will your token PROBABLY DUMP? Do you have any plan to prepared for this bear market? How will you handle the panic sell ?

A:

Obie “Hot Boi” Dobo:

I highly recommend you go to my Twitter (Obie_Dobo) and read through the pinned thread. I explian there how BANANA is not just a token where you buy and hold and pray… it’s a yield generating asset, which is designed to last through market conditions (as long as you’re long term minded)

Q7:

Rosa:

In what ways do you think APESWAP contributes so that financial institutions can benefit from the advantages that DeFi offers?

A:

Obie “Hot Boi” Dobo:

There are two ways we do this…

From a DEX perspective, we make trading easy, 24/7, no restrictions. Truly decentralized.

From a farming perspective, we allow users to earn money from assets they already hold.

These two things bring a lot of value to the world of finance!

Q8: Sir All we know that this project got named as “ApeSwap Finance — BANANA” ,But as a community i’m exciting to know why you have used Monkey instead of BANANA in your logo? Any special reason sir?

A:

Obie “Hot Boi” Dobo:

First, we love monkeys.

Second, we go back to our origin of “apeing” into things, so we chose the ApeSwap ape!

Q9:

Cao Hai:

I’m a developer, and I’m interested in contributing to your project alongsides earning, Do you have any Bug Bounty to check for vulnerabilities ?

A:

Obie “Hot Boi” Dobo:

Yes we have a bug bounty with immunefi for rewards up to $100,000 if you find a critical bug and report it!! You can find all of this information in our docs (which are linked on our site at ApeSwap.Finance)

Q9: Hello sir,Almost 80% investors, have just focused on price of token, in short term instead of understanding, the real value of the project. Can you tell us on motivations, and the benefits for investors, to hold your token in long term???

A:

Obie “Hot Boi” Dobo:

Once again, I think that reading the thread pinned to my twitter answers all of these questions

TLDR; $BANANA wasn’t designed so people could “Get Rich Quick”. In the long-term, $BANANA stakers are well positioned. Users too concerned about price will probably miss the biggest opportunities.

The AMA with the Founder of ApeSwap (Obie Dobo) was very enlightening and the response from the community was awesome.

Click here to download for iOS or Android

LBank community

Weibo： https://www.weibo.com/LBank01

Telegram： https://t.me/LBank_cn

Twitter: https://twitter.com/LBank_Exchange

Facebook: https://www.facebook.com/LBank.info

Official: https://www.lbank.me/

LinkedIn: https://www.linkedin.com/company/lbank

YouTube Channel: https://www.youtube.com/channel/UC8uyjN3VxN3WK2-yYra6RJA