ApeSwap Launches Self Serve Auction House for Non-Fungible Apes

ApeSwap is opening its auction house so that all Non-Fungible Ape holders can use it.

Robert D. Knight
October 14, 2021
BSC News

NFA Auctions

ApeSwap has launched self-service auctions for Non-Fungible Apes. The development allows community members to auction their NFT monkeys in largely the same fashion as they purchased them.

Auctions will be subject to a number of conditions, with only one auction allowable at any given time. Once started an auction cannot be canceled with all sales final. The news was generally met with positivity from the ApeSwap community.

“I foresee some really good deals popping up at this auction,” said ApeSwap user Crypto Spartan on Twitter, October 12th.
The house rules of the auction house (source)

One user did question whether a price floor should be set at the auction house.

“Could we get a minimum price needed for sale? So that on an inactive day no NFA's go for 2 BNB or something,” added fellow ApeSwap user Semi.

An infographic shared by the ApeSwap team confirms that the price floor will be set at 1 BNB. The proceeds from the sale of each Non-Fungible Ape will be split between the seller (95%), staking pools (4%) and the ApeSwap team (1%).

About ApeSwap 

ApeSwap is a leading DEX on the BSC, which offers users the best trading experience. ApeSwap is a blend of a decentralized exchange, yield farming, staking, and an automated market maker (AMM). ApeSwap users are urged to partake in its liquidity pool offerings via yield farming to earn its native BANANA token. What's more, these earned tokens can be used to stake and earn other tokens and unlock deluxe features. 

For more information about ApeSwap, visit the platform's media links: 

Website | Twitter |Medium | Telegram

Robert D. Knight

Robert D. Knight is an experienced journalist and copywriter who has been working in crypto for 4+ years. His bags are heavy in ETH and BTC, plus he also hodls some smaller cryptocurrency.

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