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ApeSwap Unveils ApeBond Rebrand and Token Migration
ApeSwap, a decentralized finance (DeFi) platform, is excited to announce the launch of its next evolution: the ApeBond Rebrand. This marks a new era for the project, with a full rebrand, revamped product, and a new token launch. Starting October 12th, users can migrate their BANANA and GNANA tokens to the new ABOND token, pending approval through Governance.
The Rebrand
ApeSwap initially focused on being a decentralized exchange (DEX) but shifted towards becoming a bonding protocol. The rebrand reflects this change in direction while maintaining the core identity of the project. The new brand features a contemporary and polished look, with 3D elements incorporated throughout.
The New Token
After the Governance approval, users can migrate their BANANA tokens to ABOND through Migration Bonds. This migration will introduce revamped tokenomics, reduce the circulating supply, and increase the fully diluted valuation.
Unlock Unprecedented Utilities with $ABOND
The ABOND token offers exclusive utilities on the ApeBond platform. These utilities will be fully disclosed before the first ABOND is minted in early December, enhancing users’ experience and elevating the protocol.
ApeBond Set to Surpass Expectations
ApeSwap is eager to unveil the unique utilities of ABOND to its community. Users are encouraged to subscribe to the newsletter and join the ApeBond community on Telegram and Twitter for timely updates.
Tokenomics
Here’s a breakdown of ABOND’s token distribution:
- Migration (39.1%): Needed for the migration process.
- Ecosystem Fund (15%): Allocated towards the growth of the protocol.
- Multiplier Buffer (14.9%): Ensures migration without dilution.
- Fundraise (10%): Allocation for fundraising.
- Treasury (10%): For marketing and operations expenses.
- Team (5%): Allocated for ApeBond’s development.
- Bonus Bucket (5%): Additional rewards for longer-term locks during migration.
- Initial Liquidity (1%): Provides liquidity pools for the new token.
The Migration Process
If approved through Governance, users can begin the migration process on October 12th. The Migration Bonds will offer a Multiplier Boost and Lock Bonus allocation for users who choose longer vesting periods. Users have a 61-day window to complete the migration, starting from December 12th, 2023.
ApeSwap’s New Chapter: Culminating Vision and Community Unity
The rebranding and token migration represent a new beginning for ApeSwap’s community. ApeSwap invites old and new friends to join them on this journey towards a brighter future in decentralized finance. The support of the community and partners has been instrumental in ApeSwap’s success so far.
Contact:
Name: Mr. Pah M.ApeBond
Email:
Hot Take: ApeSwap’s Rebranding and Token Migration Marks a New Era in DeFi
ApeSwap’s rebranding and token migration signify a significant shift in the project’s direction and vision. The new brand reflects ApeSwap’s evolution into a bonding protocol, offering exciting opportunities for users. With the migration to the ABOND token, users can unlock exclusive utilities on the ApeBond platform, paving the way for future growth. ApeSwap’s community has played a crucial role in its success, and this rebrand is a testament to their unity and support. Stay tuned for updates on the unique utilities that ABOND will introduce, as ApeSwap continues to lead the way in decentralized finance.
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