Learn About Tape Token — Ape Tools That Provides Liquidity
Blockchain technology allows cryptocurrencies to be able to store multiple transactions in a database, making it transparent, secure, and unable to be edited or intervened by any party. This is the reason why blockchain technology is used by many cryptocurrencies today. It uses automated market maker smart contracts to create liquidity pools. The exchange lives on BEP-20 Tape Tokens Network.
What does Ape Tools Offer?
The Project offers many ways for users to earn money. Providing liquidity to trading or taking advantage of arbitrage using flash loans. Ape Tools is designed for traders and performs exceptionally. The project creates an exchange for smart traders. you can easily use the exchange with an Ape Tools gas fee. The exchange lives on the Binance Smart Chain BEP-20 Tape Tokens. The project has already launched a Tape Token.
What are APE TOOLS Tape Tokens?
APE TOOLS is a governance Tape Token that allows holders to vote on upcoming upgrades. Ape Tools is a decentralized exchange made for the people, run by the people, and governed by the people. You will have the ability to choose what changes/improvements you think Ape Tools should make first.
Adding Liquidity
Adding liquidity involves putting an equivalent value of BNB & BEP20 Tape Tokens into the related exchange contract. The first liquidity providers determine the initial exchange rate by depositing what they think is comparable to the coin and Tape Token’s value. If the initial rate is low, arbitrage traders will bring the rate to equilibrium at the initial providers’ expense.
Removing Liquidity
Liquidity providers can opt to burn their liquidity Tape Tokens to withdraw their contributions in the pool. BNB withdrawal is calculated by :
● b&b withdrawn=bnbPool(amountBurned / totalAmount)
● Tape TokensWithdrawn=Tape TokenPool(amountBurned / totalAmount)
BEP20 Tape Tokens and BNB Tape Tokens are withdrawn according to the market’s prevailing rates, not the rates at the time of investment. This implies some value can be gained or lost due to fluctuations in the market and arbitrage. Fee taken on trades is added to liquidity pools without minting new liquidity Tape Tokens.
Ape Tools Liquidity Tape Tokens
Ape Tools liquidity Tape Tokens(APE TOOLSLP) represent the provider’s contribution to the liquidity pool. They are BEP20 Tape Tokens, depending on which chain they provide liquidity on. Liquidity Tape Tokens are minted and sent to the addresses of liquidity providers. They represent the providers’ contribution to a pool. These Tape Tokens are highly divisible and can be burned at any time to return a proportional share of the market to the providers. Providers deposit into reserves and mint new liquidity Tape Tokens.
The BNB sent to the function determines the number of liquidity Tape Tokens minted. The formula below calculates minted Tape Tokens
● amountMinted=totalAmount(bnbDeposited / bnbPool)
Depositing BNB into reserves calls for depositing an equivalent value of BEP20 Tape Tokens as Ape Toolsll. Tape Tokens deposited is calculated by the formula
● Tape Tokens Deposited=Tape Token Pool (bnbDeposited / bnbPool)
Earning From Liquidity
Ape Tools does not charge a platform fee. The trading fee is a low 0.2%, with 0.17% going to the liquidity providers and the remaining 0.03% going to the Ape Tools treasury, where a portion is used for the development, customer service, and user rewards. The swapping fee is immediately deposited into liquidity reserves.
With the Tape Token sale coming up in the next few days, it’s the right time to jump on board and reap the amazing benefits that Ape Tools is offering. It’s also amazing how the Ape Tools team has stayed transparent in its project progress, which makes them more trustworthy. There is every chance that early adopters will reap big, and that could be you. Ape Tools also has some perks, such as allowing users to make decisions about the future of DEX using Ape Tools’s governance Tape Token. And Ape Tools even has Ape Tools payments to everyone who has placed liquidity and makes 3 trades per Ape Tools.
Social Media Links
Website: https://www.apetools.co/
Github: https://github.com/dev-ape/ApeTools
Medium: https://ape-tools.medium.com/
Twitter: https://twitter.com/ape_tools
Telegram: https://t.me/apetools_chat
Author
Forum Username: Jacqulynscherer
Forum Profile Link: https://bitcointalk.org/index.php?action=profile;u=2898485
Telegram Username: @geneviewinward
BEP-20 Wallet Address: 0xCedff9e0618a1d45d2c15E1E1D4cFfCcE25a4352
