Overview
Key Highlights
- ApeSwap is a Decentralised Exchange (DEX) built on BNB Smart Chain (BSC) initially, but provides support on various other blockchains (Polygon, Ethereum, Arbitrum).
- $BANANA is the utility token of Apeswap, which can be earned through many of its decentralized finance(DeFi) tools - lending/borrowing, providing liquidity. Additionally, you can convert $BANANA into the Governance token $GNANA via a 30% (28% burn, 2% Reflection) fee which you “burn” in value when converting $BANANA to $GNANA.
- $GNANA serves as the governance token where Apeswap users can vote on governance proposals, access exclusive staking pools & gain allocation for Initial Ape Offerings.