The Rebrand
Initially inspired by PancakeSwap, ApeSwap has primarily focused on being a decentralized exchange (DEX) since its inception. However, after introducing Bonds in early 2022, the DAO gradually shifted its direction towards this model, which aligns better with their vision for a sustainable future. While ApeSwap holds a special place in the hearts of all apes, the new brand represents an evolution from its predecessor, exuding a modern and polished appearance while retaining its core identity as Apes. The ApeBond team consists of familiar apes who have been restructured for optimized efficiency and share a common goal: to make ApeBond the largest DeFi bonding protocol ever. The new brand is now visible across all communication channels and incorporates 3D elements for an enhanced visual experience.
The New Token
In addition to the rebranding, users will be able to migrate their BANANA tokens to the new ABOND token through special Migration Bonds after Governance approval. This migration will introduce revamped tokenomics, reduce circulating supply, and increase the fully diluted valuation, setting the stage for explosive growth. The ABOND Migration represents a new chapter for the organization, providing users and partners with a range of opportunities.
Unlock Unprecedented Utilities with $ABOND
The new ABOND token unlocks exclusive utilities on the ApeBond platform, offering users a transformative experience. While specific details about these utilities will be disclosed before the first ABOND is minted in early December, additional enhancements are planned to elevate the protocol’s capabilities.
ApeBond Set to Surpass Expectations
Apes understand the excitement surrounding the new utilities of ABOND and are eager to unveil them to their community. The upcoming disclosure aims to exceed users’ expectations and provide more ways to engage, invest, and grow within the ApeBond ecosystem. To stay updated and be among the first to learn about these unique utilities, interested individuals are encouraged to subscribe to the newsletter, join the ApeBond community on Telegram, and follow ApeBond on Twitter.
Tokenomics
Here is a breakdown of ABOND’s distribution:
– Migration (39.1%): Reserved for the migration process.
– Ecosystem Fund (15%): Allocated for the growth of the protocol.
– Multiplier Buffer (14.9%): Ensures migration without dilution.
– Fundraise (10%): Reserved for fundraising.
– Treasury (10%): Covers marketing and operational expenses.
– Team (5%): Allocated for ApeBond development over three years.
– Bonus Bucket (5%): Additional rewards for longer-term lockups during migration.
– Initial Liquidity (1%): Provides liquidity pools for the newly migrated token.
The Migration
A Governance vote will take place on October 11th until 23:00 UTC. If approved, users can begin locking their BANANA and GNANA tokens to migrate to ABOND through the Migration Bonds page starting on October 12th at 13:00 UTC. Migration Bonds will have a linear vesting period starting on December 12th, 2023, granting users a 61-day window to complete the migration. Failure to migrate within this timeframe will result in the forfeiture of ABOND allocation.
Migration Bonds Considerations
– Multiplier Boost: Users can receive up to a 55% additional ABOND boost by selecting a longer vesting term.
– Lock Bonus: Users will receive an added bonus for each vesting period based on the percentage of tokens locked.
To migrate, users need to visit the Migration Page and follow three simple steps: input the desired BANANA or GNANA amount, select the vesting term, and approve the Migration Bonds Contract.
ApeSwap’s New Chapter: Culminating Vision and Community Unity
The rebranding and token migration are not just technical processes; they symbolize the strength and unity of ApeSwap’s community. It signifies a fresh start and invites old and new friends to join them. ApeSwap’s new brand and token better reflect their evolved vision, mission, values, and goals. Every step taken by ApeSwap has been made possible thanks to the unwavering support of their community, the trust of their partners, and their collective passion for DeFi. Together, all apes will forge a path towards a brighter and more sustainable future in decentralized finance.
About ApeSwap
ApeSwap is a decentralized finance platform that offers a comprehensive suite of tools for exploring and engaging with the future of wealth building. With products ranging from a decentralized exchange (DEX) to a bonding protocol and Liquidity Health Dashboard, ApeSwap empowers users to access DeFi securely, transparently, and globally.
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