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The Vikings Are Guarding the BANANAS: ApeSwap Becomes First DEX on BNB Chain to Secure Liquidity Pools With FlokiFi Locker
August 14, 2022
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ApeSwap and Floki team members give BSC News the details on the landmark partnership.
New Security Solution
Prominent BNB Chain Decentralized Exchange (DEX) ApeSwap has announced a partnership with Floki to utilize the project's newly launched FlokiFi Locker to provide security for the Liquidity Pool (LP) of projects listed on ApeSwap.
ApeSwap will introduce FlokiFi Locker as the preferred LP locking solution for projects with listings on its platform. As announced by the development team, ApeSwap receives 10–15 listing requests from projects daily.
"ApeSwap has always placed a heavy emphasis on security. One of the ways they look out for the safety of their users is by having projects that they partner with commit to locking up their LP tokens before they will promote them in any way. This core tenant of the protocol synergizes perfectly with the Floki team and their new premier lock-up service," Tarzan, Biz Dev Manager of ApeSwap, told BSC News.
Under the terms of the partnership, ApeSwap will adopt FlokiFi Locker as its main protocol for locking LP tokens for new projects starting on its launchpad platform, and ApeSwap will recommend FlokiFi Locker for LP locking for more mature projects that want to list on the DEX.
"Floki's partnership with ApeSwap is a strategic move we made to position our new, innovative digital asset locker protocol, FlokiFi Locker, as a leader in the industry,” Floki Core Team Member B said.
ApeSwap is the first DEX on BNB Chain to sign up for the newly launched FlokiFi Locker and provides a solid base for the security solution to branch out into many different ecosystems.
“FlokiFi Locker aims to be available on every major blockchain, and we will have our initial mainnet launch on 12 blockchains, which is more than what is offered by any other digital asset locker in the market today. We recently announced a partnership with CherrySwap, the leading DEX on the OKXChain, which makes it very clear that we mean business and are ready to expand to other ecosystems and dominate in the industry," B told BSC News.
“ApeSwap is one of the biggest DEXs on the BNB chain. They share Floki's ideals regarding innovation and development and are also ambitious about growth, so we are confident about their future and happy to be working with them,” B said.
More Liquidity Support
Further, Floki will coordinate the sale of “Treasury Bills” with ApeSwap to increase the initial liquidity offered to the ApeSwap platform. The Treasury Bills program is a liquidity mining product by ApeSwap.
"ApeSwap is incredibly proud to welcome Floki Inu to the Jungle as one of our premier partners building sustainable, protocol-owned liquidity through our innovative Treasury Bills product. We can't wait to watch Floki's [proof of liquidity] grow and look forward to their long-term success,” Julian, ApeSwap Biz Dev Lead, said.
Treasury Bills are Non-Fungible Token (NFTs) that allow holders to purchase tokens at a discount in exchange for their LP tokens. The Treasury Bills’ reward tokens vest over a certain period of time. Learn more here.
Currently the FLOKI-BNB Jungle Bill is being offered at a 17.58% discount with a vesting term of 30 days.
What Is ApeSwap:
ApeSwap is a leading DEX on BNB Chain, which offers users high-quality trading experiences. ApeSwap is a blend of a decentralized exchange, yield farming, staking, and an automated market maker (AMM). ApeSwap users can partake in its liquidity pool offerings via yield farming to earn its native BANANA token. 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 Floki:
Floki began with a tweet from Elon Musk. When the billionaire announced he would name his Shiba Inu puppy Floki, it created a deluge of ‘Floki’ dogcoins. The most successful of these is Floki. Floki is currently the third most popular meme token on the market behind Dogecoin and Shiba Inu. It is backed by a community of committed enthusiasts and a strong marketing campaign.
Where to find Floki:
Website | Twitter | Telegram | Discord
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Disclaimer: Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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Related News
Lucidao Unveils Bold Rebrand: Pioneering the Tokenization of Real-World Assets
November 27, 2023
The rebranding underscores Lucidao's commitment to bridging real-world assets and blockchain technology.
Decentralized Finance (DeFi) platform Lucidao has recently unveiled its new look alongside a redefined mission. With the launch of a revamped website, Lucidao is taking a significant step towards the tokenization of Real-World Assets (RWAs), strategically positioning itself as a leading force in the intersection of blockchain technology and Real-World Assets.
The core of Lucidao's transformation lies in a strategic shift – a commitment to making the tokenization of RWAs its primary mission. This goes beyond a mere rebrand; it signifies a pivotal moment for the platform, where every innovation and product creation revolves around the tokenization and digitization of real-world assets.
At the forefront of Lucidao's success is Altr, a decentralized application (dApp) that set the stage for bringing physical luxury collectibles onto the blockchain. This initiative, born out of Lucidao's governance process, showcases the vast possibilities within Lucidao's expansive vision for RWAs.
Lucidao's Approach to Empowering Stakeholders
Empowerment is a cornerstone of Lucidao's approach to asset tokenization and digitization. Lucidao token ($LCD) holders aren't just passive investors; they are active contributors shaping the platform's trajectory. This unique governance model transforms each $LCD holder into an engaged participant, with the ability to propose, debate, and enact initiatives, fostering an agile and adaptive environment.
The $LCD token plays a central role in Lucidao's ecosystem, serving as a versatile utility token integral to governance, transaction fees, and participation in Quickswap's liquidity pool farming. Recognizing the importance of community involvement, Lucidao is set to introduce a Fiat onramp on its new website, making it easier for individuals to directly acquire $LCD tokens.
Beyond Luxury Collectibles: Lucidao's Expansive Vision
Lucidao's vision extends far beyond luxury collectibles. While Altr showcased the platform's capabilities, Lucidao aims to be an ecosystem that embraces a wide array of real-world assets on the blockchain. The advantages are manifold, ranging from increased liquidity and fractional ownership to the transparency and immutability inherent in blockchain technology. The new website acts as a comprehensive guide to these transformative initiatives, illustrating Lucidao's commitment to unparalleled innovation and inclusivity.
Lucidao's bold rebrand marks a transformative chapter in the platform’s journey as it establishes itself as a pioneer in the tokenization of Real-World Assets (RWAs). The unveiling of a revamped website symbolizes a strategic commitment, not just to aesthetics, but to a profound shift where every facet of innovation orbits around the digitization of tangible assets. Through empowerment and community involvement, Lucidao propels itself as a catalyst for innovation and inclusivity, setting the stage for an innovative approach to asset management in both digital and physical realms.
About Lucidao
Lucidao is a DAO with a primary focus on the tokenization and digitization of Real-World Assets (RWAs). Originating as an independent entity, Lucidao has given life to projects like Altr through its decentralized governance model. Using the $LCD utility token for all ecosystem interactions, Lucidao is paving the way for a transformative approach to managing assets in both the digital and physical realms, providing not just access but empowerment to community members.
For more information, visit Lucidao's official linktree.
Disclaimer: This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article as part of a "Done For You" package, priced at $2999. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
Disclaimer: This is a paid Ask Me Anything (AMA), BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement AMA for $2000 Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the AMA.
Disclaimer: Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
Disclaimer: Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
Don't forget to download the BSC News mobile application on iOS and Android to keep up with all the latest news for BNB Chain and crypto.
Follow us on Twitter and Instagram!
If you need tools and strategies regarding safety and crypto education, be sure to check out the Tutorials, cryptonomics explainers, and Trading Tool Kits from BSC News.
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Follow us on Twitter and Instagram!
If you need tools and strategies regarding safety and crypto education, be sure to check out the Tutorials, cryptonomics explainers, and Trading Tool Kits from BSC News.
Looking for a job in crypto? Check out the CryptoJobsNow listings!
Disclaimer: This article is exclusive BSC News Premium Content. Premium content is viewable without a membership for a limited time. After the limited time period expires, readers will need to either subscribe or hold a BSC News NFT to view Premium Content. Visit the BSC News NFT website, Discord, and Twitter to learn more about becoming a Premium member.
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