FEW DAYS TILL THE NEXT APESWAP.FINANCE INITIAL APE OFFERINGS

3 min readApr 22, 2021

Yet to get ready to ape in? You might be missing out from something really huge. Here is all you need to know about the next Initial Ape Offerings by ApeSwap.Finance, an insight to the upcoming project and how to participate.

WHAT IS APESWAP?

ApeSwap is an automated market maker, yield farming, and staking platform on Binance Smart Chain, which was forked from PancakeSwap. The native token for ApeSwap is $BANANA which is currently $1.01 and is ranked as number 3372 on Coin Market Cap, with a market cap of $2,062,455,107,813. $BANANA is trading in 369 exchanges.

WHAT IS INITIAL APE OFFERINGS

You must be familiar with Initial Coin Offering which is a type of funding using cryptocurrency. It is often a form of crowdfunding, however a private Initial Coin Offering that does not seek public investment. Initial Coin Offering is quite different from Initial Ape Offering. Initial Ape Offering is a fundraising vehicle utilized to launch new tokens and bring liquidity to those tokens. BANANA-BNB LP token is needed to participate in the Initial Ape Offering. The LPs is being traded for the token being launched. So the launching project gets the BNB while ApeSwap burns the BANANA.

STEPS TO PARTICIPATE IN AN INITIAL APE OFFERING

To participate in an Initial Ape Offering;

First you confirm what project is next in line and note the date it will be launched.
You purchase the amount of BNB and BANANA tokens you intend to invest.
Get BANANA-BNB LP tokens by providing liquidity on ApeSwap.
During the sale, you commit your BANANA-BNB LP tokens to buy the IAO tokens. Note that you are not staking but making a purchase with your LPs.
After the sale, claim the Initial Ape Offering token you just bought. If there is any unspent fund, it will be sent back to you and for cases of oversubscription, you can unstake your remaining BANANA-BNB LP token.

With this method, it is safe to subscribe as much or little fund as you wish to the Initial Ape Offering, every participant will get back their leftover funds after claiming their token at the end of the sale.

The next Initial Ape Offering is coming up in less than 2 days from now, launch time is April 24, 03:00 UTC. There will be sales of 100,000,000 BFT to raise $1,000,000 and $500,000 BANANA will be burnt.

ABOUT THE PROJECT

The project for the next Initial Ape Offering is Bitfresh. Bitfresh is a blockchain-based community driven social iGaming experience that pays dividends to players and token holders. The platform is filled with reward systems to give players many ways to win and earn over time. Bitfresh is a great investment opportunity. It is a blockchain-based transparent and fair iGaming gambling platform and the team is community driven.

The BEP20-based token has a limited supply of 1,000,000,000, dividends increase with demand as the community grows. Each time a user plays, win or lose, they obtain BFT. BFT can be traded for other cryptos such as Bitcoin or Ethereum. Click on apeswap.finance website and follow the steps above to get ready to participate in the Initial Ape Offering.

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