Timelock Activated: No Rugs in The Jungle
Hey Apes! It’s been an amazing initial 48 hours of the $BANANA Frenzy. We’ve seen burned $BANANAs, lots of memes, and one amazing community. 🍌
Now, we’re excited to announce a major milestone to help in the trust and security of our platform. Our 24 hour timelock contract is live! To our knowledge, this is the longest timelock in the industry 👀 4x longer than PancakeSwap!
We believe 24 hours should be the standard timelock to give everyone in the world a chance to see the transaction. We love our global apes!
See the transferOwnership transaction here: https://bscscan.com/tx/0x35fb150b7b7e74d918c9be2128a903c73620e5a88fe57eed170b9b2a36820347
We currently have two transactions in queue as part of our reward reduction for our $BANANA frenzy:
- Reduction to 20 BANANA / Block: https://bscscan.com/tx/0xe4b7846672da8238bb17ffa6fa3ba335e25d77993b0b830559a71313744c9547
- Reduction to 10 BANANA / Block https://bscscan.com/tx/0x1f7027fdee8854b63dd3ddf8c0b36006dc8bc34626952c2e4a5e585ef101f705
What does this mean?
Timelocks are a much needed security mechanism in today’s current environment. With rug pullers and scammers around every corner, having protection mechanisms built-in is the only way to go.
Specifically, timelocks create a delay in any ApeSwap.Finance smart contract updates. This means we must send a transaction to the timelock contract (where it is delayed) before it can be executed. So if we update anything, people can clearly see in advance what is happening ❤
What are you doing to celebrate?
I’ll give you a hint… it starts with “b” and ends with “urning lots of $BANANA” 😉
That’s right, we’re celebrating this major milestone with a 25,000 $BANANA burn!
Let’s keep the $BANANA Frenzy going you crazy apes! If you haven’t been to ApeSwap.Finance yet to join the fun, get over there before it’s too late 🍌🍌🍌