ApeSwap Burn Plan — Step 1
Apes, we hear it all the time… “how will you control the supply of $BANANA?” 🍌 📈
It’s a great question, and something we have been working hard to plan out. In addition ➕ to our burn map and random burnings, we have more!! Below is our plan, which we are CURRENTLY acting on!
Treasury/DEX buybacks 🏦 🔥
To prove our commitment to the project, we will be using 100% of our revenue to buyback and burn. There is a 0.3% fee on any swap (standard for all DEX’s), 0.05% of each transaction goes to the ApeSwap Treasury. During our first 3 months, 100% of our ApeSwap Treasury will be used to buyback and burn $BANANA. Once this period ends we will reevaluate the best use of these funds with the community.
✅ IMPLEMENTED
Gamified Burning — starting with lottery 🎫 🔥
Apes, we have a lot of fun $BANANA games coming up! The first is the ApeSwap lottery, which we will burn 20% of $BANANA each round. Not only will some lucky Apes be swimming in $BANANA, but the entire Ape community will benefit from the burn!
📆 COMING SOON
Compound Vaults with 0.05%-0.1% Withdrawal Fee that goes towards buyback/burn 🔒 🔥
We are currently building $BANANA vaults into the ApeSwap platform. We will be one of the first REAL DEX’s (we don’t use Pancake swaps router) with our OWN VAULTS. Those vaults will offer higher APY 😛 and have burning built in.
📆 COMING Q2
ApeZone: Coming Soon to your Local Zoo 🐵 🔥
Initial Ape Offering: These will take place in a variety of ways. Some will be structured like traditional offerings, where we burn half of all $BANANA raised for the offering. Others will have more creative mechanics 😉
Partnership deal fees for buyback and burn: We will be listing new high yield pools for all you hungry apes to ape into. To reduce the supply of $BANANA we will be introducing a listing fee that will be used to buyback and burn $BANANA 🍌
✅ FIRST PARTNERSHIP CLOSED (stay tuned)
Conclusion
This is just a few things we have planned, we will be publishing more on the ApeZone shortly. Get ready to Ape In 💪
Get your hands on some $BANANA at ApeSwap.Finance or join the official community telegram channel here!
