BiShares Launches ApeSwap Ecosystem dETF and Releases Official Roadmap

The ApeSwap Fund becomes BiShares first major fund, as the roadmap for further funds and exciting developments is revealed.

By
Dardania Havolli
on
August 19, 2021
Category:
BSC News

BiShares Apeing Forward

BiShares and ApeSwap have joined to launch a decentralized Exchange Traded Fund (dETF) ecosystem. The move registers a milestone for BiShares, who became the first project to launch a dETF on Binance Smart Chain

 The Fund was officially launched at 19:00 UTC on the evening of the 18th of August with an announcement swiftly following on the BiShares Medium page. The fund consists of several project tokens, each with different percentage weightings. 

“We were honored to see $BISON have an 11% weighting and to be a part of this historical milestone for both teams. It’s good to get the first major partner fund launched, the BiShares team will be working hard over the next 21 days to deliver many more dETFs to diversify with,” the comment stemming from the Medium announcement makes clear BiShares will not be resting on their laurels. 

Bishares are modeled from traditional exchange traded funds (ETF) in TradFi. These typically track an index, sector or commodity. In BiShares case, they track DeFi tokens to encompass specific investment portfolios within BSC.

Source

Ambitious Roadmap

BiShares made clear that the next juncture on their journey will be the release of their farms this coming weekend. Details of the release will be clarified via the official BiShares Telegram group.

In the following week, ​​Aug 23rd-30th, BiShares hope to launch the DAO framework alongside the highly anticipated GAME Fund. 

The week after––Aug 30th - Sept 6th–the official NFT fund is due to be released alongside the hefty WSB Fund, which the team hopes will bridge mainstream crypto and Robinhooders into the BiShares brand. 

Finally, if all the aforementioned goes to plan, the team will then look to have their DEX and FOMO fund launch, as well as complete their custom NFTs. 

Source

It is very important to understand that the teams themselves have stated these dates are not set in stone but rather give a rough timeline to the expected progress.

The team explains that in hoping to exemplify their enthusiasm and work rate, they have made public the targets they hope to achieve, alongside the stipulated dates. 

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

What is BiShares?

BiShares was named as a combination of Binance and Bison - the platform mascot.  Founders, @allthingsNFT and @defivlad hope to serve the BSC community first and have high hopes that CZ and the Binance team will embrace their creativity. BiShares launched its DAO token, with a 750% oversubscribed Initial Ape Offering from ApeSwap. In August, the team plans to turn over the reins to the community for DAO voting and collaborations with token holders. The $BISON token gives holders a .5% kickback in platform fees for staking. In contrast, the platform token gives another 1% kickback - it pays to hold the DAO token, a rare offering with such a robust protocol and community outreach.  

To learn more about BiShares, visit the following links:

Website | Twitter | Telegram | Discord | Medium


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Dardania Havolli

Dardania is an experienced researcher, editor and writer who is currently completing his PhD in Creative Writing. He is passionate about blockchain technology and the impact it will go on to have on our lives.

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