APE TOOLS JUST INTRODUCED A NEW WAY TO TRADE ON BINANCE SMART CHAIN
Successful cryptocurrency trading starts from looking at the charts, observing the price action, and taking note of the last support and resistance.
This is common on Centralized Exchanges (CEXs) where Order Books can be used. However, the same is not available on Decentralized Exchanges (DEXs) or Automated Market Makers (AMMs).
INTRODUCING APE TOOLS
Ape Tools is the price charting tool we have been looking for. Decentralized Exchanges (DEXs) deserve to have a way to chart and gather data about the prices of crypto assets.
CHARTING THE WAY ON BSC
AMMs on the Binance Smart Chain (BSC) will be the primary beneficiaries of the price charting functionality of Ape Tools.
This project recognizes the fact that Binance Smart Chain (BSC) is one of the successful blockchain projects, in terms of the leverage provided to Decentralized Exchanges (DEXs) to thrive.
Therefore, AMMs or DEXs based on the Binance Smart Chain will be the first to benefit from the cryptocurrency live price aggregation done via Ape Tools.
For a start, the trio of BakerySwap, ApeSwap, and PancakeSwap will be used. Already, the Ape Tools team is in talks with the Ape Swap team so that the two can agree on common terms for the integration of the Ape Tools API on Ape Swap.
THE APE TOOLS ADVANTAGE
Ape Tools has some unique features that can be used to advance the course for a disruptive pricing mechanism on Decentralized Exchanges (DEXs) or Automated Market Makers (AMMs).
THESE ADVANTAGES INCLUDE:
1- DETAILED LIQUIDITY POOL DATA
Ape Tools provides a means for cryptocurrency investors to be at the top of their game by providing detailed data or information about the liquidity pool.
The concept used here is that Ape Tools monitors and tracks the APRs of the liquidity pools for 30 days. This is done to determine the potential APRs of these liquidity pools in the coming months.
The aggregated data would then be provided for the investors to make personal decisions on whether the APRs are ideal for the investments they want to make.
2- BACKED BY THE COMMUNITY
The Ape Tools community, that is the token holders, is the one that determines the direction of this project.
This is because of the democratic nature of the Ape Tools token ($TAPE). You need to hold a specific amount of the $TAPE token before you can be a part of the decision-making or governance team of the broader Ape Tools ecosystem.
3- INVESTMENT TRACKER
It is one thing to invest in a crypto asset. It is another thing to keep your eyes on your investment. That is what Ape Tools does for you by introducing a feature called Dashboard.
The Ape Tools Dashboard is the channel through which the users and cryptocurrency investors can monitor their cryptocurrency investments.
This includes monitoring their crypto assets in the liquidity pools/farms.
WRAPPING UP
Smart trading and investment are what Ape Tools offers you. I would advise that you learn more about how Ape Tools can be the gamechanger for your cryptocurrency trading activities on Decentralized Exchanges on the Binance Smart Chain.
USEFUL LINKS:
● Website: https://www.apetools.co
● Twitter: https://twitter.com/ape_tools
● Medium: https://ape-tools.medium.com/
● Telegram: https://t.me/ apetools_chat
AUTHORS DETAILS
Bitcointalk username- Kakal
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2767315;sa=summary
Wallet: 0x09c09F509f1D366257f91bFfEb00174c7643CD77