Unraveling the Sweet and Risky World of Apple Pie Miners on BSC

3 min readJan 31, 2024

Introduction

In the fast-paced world of decentralized finance (DeFi) on the Binance Smart Chain (BSC), the Apple Pie Project is making waves with its unconventional approach to mining rewards. Promising a high-risk, high-return strategy, the Apple Pie miners aim to provide users with an opportunity to break free from the corporate grind and achieve financial independence.

Apple Pie Miner Smart Contract

At the heart of the Apple Pie ecosystem lies a unique smart contract designed for passive income generation. This contract allows users to stake their crypto assets, which are then transformed into ‘Pie’ tokens within the decentralized application (dApp). The smart contract boasts an impressive daily return on investment (ROI) of up to 10%, enticing investors with the promise of substantial rewards.

Pool-as-a-Service Concept

The Apple Pie protocol introduces a novel twist to the traditional yield farming concept through its Pool-as-a-Service model. Users can contribute to different ovens — pools — each tailored for specific cryptocurrencies, such as BNB, USDT, and CAKE. Unlike conventional projects, Apple Pie ensures that returns are given in the same currency users invested, mitigating the risk of token devaluation.

Governance and Community Involvement

Decentralization is a core tenet of the Apple Pie Protocol, and the project places a strong emphasis on community-driven governance. The transparent and fair governance process involves three stages: Preliminary Discussion, Decision Making, and Implementation. This approach allows users to actively participate in shaping the future of the protocol.

Choosing Your Recipe: Lick Pie or Heat Pie

The Apple Pie protocol offers users two distinct recipes for managing their investments — Lick Pie for withdrawals and Heat Pie for reinvestments. The smart contract’s unique costing and benefitting strategy encourages users to consider the long-term benefits of compounding their investments, albeit with a small additional cost for frequent withdrawals.

Important Measurements and Realistic Figures

In the world of Apple Pie, clarity and realism take center stage. With a daily ROI of 10%, an APR of 3600, a 4% dev fee, and a generous 20% referral reward, the project boasts achievable and transparent metrics. The protocol prides itself on its mathematical structure, providing users with a clear understanding of their potential returns.

The Oven Timer: A Recipe for Longevity

The Apple Pie protocol introduces a recommended withdrawal cycle, emphasizing a seven-day period comprising six days of reinvesting (Rebake) and one day for withdrawing (Eat Beans). This strategic distribution aims to ensure the protocol’s longevity while maintaining a favorable reward rate for users.

Referral Baking and Tokenomics

In a unique twist on traditional referral programs, Apple Pie introduces a referral baking scheme where users can earn 20% of the dev fee on each referral. The tokenomics outline a well-balanced fund allocation, including a presale (28.3%), liquidity (20%), bounty rewards (2.5%), and burned tokens (55.48%).

Conclusion

As users navigate the enticing world of Apple Pie miners on BSC, the project’s commitment to transparency, community involvement, and innovative features distinguishes it in the crowded DeFi landscape. However, potential investors are urged to conduct thorough research and due diligence before diving into the high-risk, high-reward journey offered by the Apple Pie Project.