The digital market has been blowing up ever since the introduction of cryptocurrency and non-fungible tokens. In 2021 alone, the NFT market has skyrocketed into billions of sales through various digital assets, most prominently artworks. Not to be left behind, cryptocurrency has also amassed quite the reputation ever since Bitcoin entered the picture. Nevertheless, these digital currencies and assets have played a massive part in the growth of the digital market. Moreover, they have opened countless opportunities for other digitally-inclined brands to establish their very own projects that they believe will benefit the metaverse and those that inhabit it.
Of course, stepping foot into the ever-evolving digital market means having to deal with a plethora of challenges and being ready for just about anything, including performing well-analyzed research on a project – something that the developers of APE-X tokens has graciously done to ensure that all of its holders remain satisfied and sure-footed of their investments.
Riding on the meme wave, APE-X developers are optimistic that their tokens offer an uncharted characteristic that has not been done despite the prominence of meme-related tokens. While most memes have focused on dogs, specifically the likes of Shiba Inus, thanks to the advancement of the DOGE coin and SHIB, APE-X has decided to go for apes.
“We are leaning into this niche as our products focus on pushing the boundaries of what can be accomplished with financial primitives. We are identifying the risks that can help us safely get away, so our holders get the best return on investment,” the developers shared. Additionally, APE-X developers have focused on leveraging memes through various marketing materials that directly relate to high-risk crypto traders.
With a large audience watching their every move, APE-X specifically caters to the needs of its target market, putting more focus on high-risk crypto traders that “ape first and think later,” – the inspiration behind making the ape their mascot. Aside from strategically organizing a flourishing digital project, developers behind APE-X are also proud for coining the term “MemeFi,” a wordplay that shows their love for DeFi or decentralized finance, after realizing that the original term was too formal – a far cry from the fun and entertaining characteristic of APE-X tokens.
APE-X is auto liquidity generating, with 5% on all transactions compiled in the token contract. Once 1B APE-X has been collected in the token contract, half of the amount will be automatically sold for BUSD. The remaining half of APE-X and the recently acquired BUSD will be paired together to add to the liquidity pool. In addition, with their frictionless yield, 4% of all transactions will be automatically distributed proportionally to existing holders of APE-X tokens, meaning the more APE-X tokens an investor holds, the more rewards are expected from the 4%. There is no need to stake, no more wasting gas, hold and reap the benefits. Because APE-X is deflationary, 50% of the total supply will be burnt at conception, thus creating the burn address as the largest holder.
They are also hosting a massive giveaway for a Bored Ape Yacht Club (BAYC) NFT to one lucky holder of the APE-X token. Full details are available on their website. The third phase is the part where the community votes for the initiatives to be undertaken in 2022. It will also see more partnerships with artists for a new NFT series and more exchange listings.
As an autonomous token, APE-X truly is the apex predator of the avalanche ecosystem. Check out their website or join their Discord channel to learn more about them. They also have Instagram, Twitter, and TikTok.