APE Finance… Leading A New Generation

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APE Finance

4 min readMar 24, 2021

The hot topic in the crypto space currently is chasing the highest yields. But inevitably that has brought in scams and masked ponzi schemes.

But we decided it’s time for change, we want transparency and trust put back into crypto. We want to innovate and push the development boundaries on BSC.

What is APE Finance?

APE finance isn’t just one thing, it’s a transparent platform built for the community.

The platform will be a way for you to generate passive income, manage active investments, donate to charities, or even gamble your money away.

The choice is yours!

Tokenomics

What we are trying to do is create a unique ecosystem that contains a perpetual deflation token to act as the primary currency (APE) alongside a fixed supply asset to be the backbone of the platform (BANANA).

This ensures a price floor can be maintained by utilizing a fundamentally strong burn mechanism, which you can see more details of further below.

APE

Contract address: 0x05e50f47eC38dB5eEEE4beDE36792B5a5C6f3E0a

Chain: Binance Smart Chain (BEP-20)

Supply: Unlimited (emission-based)

Emmisison: 1 APE/block (~28,800 Ape/day)

10% will be sent to the developer’s address for further partnership & development funds.

BANANA

Contract address: 0x3EbF1E358e64656382038334095a912Fc4d7DCaC

Chain: Binance Smart Chain (BEP-20)

Supply: 10,000

Emission: 0 BANANA/block

Price

Supply bonded curve pricing. For every banana that is purchased the price will go up. Even for fraction of a banana.

bond curve pricing for banana token — Example: if 10 bananas were purchased

90% of the ape will be burned and 10% will go to the treasury on mint.

Our Key Goals

As you can see from our roadmap (available here) we’ve already developed a lot of initial features on the platform, in a short space of time.

But, here are some of our key longer-term goals, the first we have already completed.

Auto-Compounding Yield Farm (The Zoo) ✔️

An evolution on the first farms and we are utilizing other protocols (Venus Protocol) to generate yield. For more information, see our gitbook
A portion of profits are used to buyback and burn APE
The next addition on this will be utilizing PancakeSwap LP’s for higher APR

Charitable NFTs

We will be releasing NFTs with utility, but the key aspect here is that 50% of the proceeds will be burnt and the other 50% donated to charity
This will all be done ON-CHAIN so the community will be able to see exactly which charity their funds go to
For more information, see our “Sanctuary” page

Dual-sided Gambling Engine

Gambling game engine that will allow players to stake on the “house” side or play against the “house”

APE Investment Fund

A community-governed investment fund where some of the profits are used to buyback and burn APE

Security

If you’re familiar with BSC Yield Farming, then you’re probably no stranger to scams and rug pulls.

First of all, our contracts are forked from highly reputable and heavily audited projects to give our community the initial peace of mind.

Currently, we are exploring audit options and are in talks with multiple popular auditors to give the community what they want, trust and transparency.

But the primary thing that allowed these rug pulls to happen was the “migrator code” which has been fully REMOVED from the APE Finance smart contracts.