Review Apefarmer ($APEF) The DeFi playground built for apes, by apes

Built by apes, for apes, Apefarmer is an advanced yield aggregator & optimizer constructed on the Binance Smart Chain with extensive token utility including farming, NFT staking, a lottery, & a governance model. Read the full article to understand more about it.

Concept project – What is Apefarmer?

ApeFarmer Token is a decentralized financial payment network that rebuilds the traditional payment stack on the blockchain. It utilizes a basket of fiat-pegged stablecoins, algorithmically stabilized by its reserve currency APEF, to facilitate programmable payments and open financial infrastructure development.

Outstanding features

What is the project trying to achieve?

The project aims to be the go-to DeFi platform to offer increased yields for Binance Smart Chain, Cardano (TBA), and Polygon (TBA) enthusiasts.

What is unique selling point?

The apes who designed the platform plan to automate yields in a cost-efficient method with smart contracts that utilize some of the biggest players in the DeFi industry. These include Pancakes Wap, BBQswap, Babyswap, and many more. The platform also intends to increase yield farming profits on their already owned tokens by offering “Safe Ape” and “Degen Ape ” sections.

Meet the Lucky Apes

A unique weekly draw, “Lucky Apes” involves ticket holders selecting five random numbers for winning $APEF tokens. If the Lucky Ape picks numbers rightly, rewards would be won. Worth noting is that a tiny portion of the prize pool would be used for deflationary measures—burnt.

ApeFarmer DAO Governance (Ape DAO)

The project DAO governance is set to inject absolute decentralization in the ApeFarmer protocol. Voting would be allowed by the project holders especially on vital alterations in the protocol (e.g., emissions, addition or removal of incumbent vaults, and new tokens’ minting).

ApeFarmer: Economics & Fees

It has zero fee for deposits, lockups, and $APEF rewards. Some vaults would be having 24-72-hour timelocks to keep scammers (hastening entry-exit) away. The $APEF rewards shall be allocated to the ApeFarm Vaults at the rate of $0.15 $APEF / BLOCK. There will be a developer team reward of 9%. The ApeFarmer vaults’ withdrawal fees would be 0.1%-0.5%. 

If single staking, the $APEF vault would attract for 72-hour a 0.5% withdrawal fee. The performance fees shall be in the range of 7%-29%. The network and dev fee is set at 1.5%. Lastly, the Ape Zap fee (used for buying and distributing $APEF to holders via vaults) is set in the range of 0.1%-0.5%.

RoadMap

Technical data

Key metrics 

• Token Name: Apefarmer
• Ticker: $APEF
• Blockchain: BSC
• Token Standard: Updating
• Contract: 0x313cbfd67f4e98fd94f3e5387bbec48d078aa3a4
• Token Type: Utility, Governance
• Total Supply: Updating
• Circulating Supply: Updating

Token allocation

Token use case

The project’s token will have no max supply but will have auto-burning functions and underlying utilities that include:

• Yield farming/Pools – Holders will be able to stake their $APEF LP tokens and $APEF single stake tokens to earn more $APEF and WBNB!
• Lottery – Participate in the $APEF lottery to win BIG every week.
• NFTS- Use $APEF token to trade for Limited Edition Apefarmer.com NETS.
• Governance (DAO) – Holders staking $APEF token will be able to propose changes to the Apefarmer protocol which might include emissions, burn rates, new pools/yield farms, etc.

Token sale

ApeFarmer IDO Whitelist

ApeFarmer, the DeFi playground built by apes for apes.

Coming to IDO on Starter.XYZ on November 19th on Binance Smart Chain

IDO Details

• Network: BSC
• Date: November 19th, Time TBC
• Direct Link: Pool to follow
• Softcap: 93.75 BNB
• Hardcap: 375 BNB
• IDO price: 0.0015 BNB
• Listing price: 0.001875 BNB
• Listing on PancakeSwap.

How to own the token?

Coming to IDO on Starter.XYZ on November 19th on Binance Smart Chain

Taking part in the project IDO is easy, simply follow these steps:

Markets and Community

Community

The project has crossed the mark of 4,700 Followers on Twitter.

Backers

Team/ Founders

Updating

Partners

The project has partnered with exciting projects. These include Buffalo Swap ($BUFF), Virvia ($VDV), and BabySwap ($BABY). With BabySwap, the partnership objective is to enhance ApeFarmer’s exposure to the forthcoming yield aggregator. BabySwap holders can stake their tokens in ApeFarmer’s smart contracts to augment (cost-efficient) profits whilst boosting the TVL. Virvia’s strategic objective is to connect old money with the new digital money. Virvia’s $VDV token is poised to be accepted as a payment method for e-commerce stores whilst saving money. The formal partnership with Buffalo Swap would transmit the benefits of Buffalo’s “fair, sustainable, and safe yield optimizer for everyone.”

Conclusion and analysis

It is built on the premise of giving apes a fair chance to generate hands-free yields. ApeFarmer’s smart contracts generate cost-efficient (automatic) yields. They also effectively explore and benefit from the top DeFi: PancakeSwap (PCS), BBQswap, Babyswap, etc. ApeFarmer proudly presents “Safe Ape” and “Degen Ape” sections. These sections permit benefiting from higher yield farming profits on the tokens owned.

Find more information about Apefarmer:

Website: https://apefarmer.com/

Twitter: https://twitter.com/ApeFarmer

Telegram: https://t.me/apefarmeryields

If you have any questions, comments, suggestions, or ideas about the project, please email ventures@coincu.com.

DISCLAIMER: The Information on this website is provided as general market commentary, and does not constitute investment advice. We encourage you to do your own research before investing.

Elise

Coincu Ventures