Ape Finance
Summary
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Summary
Last updated
Was this helpful?
Ape Finance is a decentralized gambling platform running on Binance Smart Chain and Pancake swap exchange. Long term we have many other features planned such as charity NFT auctions, larger investment funds. Plus other games that let you earn and win tokens. The platform will be a way for you to generate passive income, gamble your money away, or donate it to charities. The choice is yours!
What we are trying to do is create a perpetual deflation token, APE, that ensures a price floor can be maintained by utilising a fundamentally strong burn mechanism. We are trying to add value into the system by creating a suitable and sustainable environment for people to yield farm with high APR. Whilst also giving a platform to gamble, donate to charity, and have the ability to win more while contributing to your APE holdings if you lose. More efficient pools are also on the way, which will generate yield whilst farming APE!
Unique burning mechanism
We are trying to create a fundamentally strong burning mechanism that increases value for all shareholders.
We do not intend to be using any ponzi style tokenomics where new holders pay the old holders when they enter pools, like you typically find in yield farms.
A multitude of gambling games from normal slots to lotteries
If played in APE currency then instead of the house taking the potential loss discrepancy it will be burned directly.
If played in BUSD then instead of the house taking the potential loss discrepancy it will be used to buy APE from the market and burn it - with a portion of proceeds going to charities (before the buyback).
An APE hedge fund governed by APE holders, some profits will be used to buyback and burn
Lots more to come but community feedback is key to this project. You want, we BUIDL.
Security
Using heavily audited contracts as a base to work from
Removed migrator code (inherited from Pancake swap) - this has been the key feature to enable most "rugpulls"
Developers are apes so have no mental ability to do anything malicious
