What is APWine Finance (APW) | What is APWine Finance token | What is APW token
In this article, we’ll discuss information about the APWine Finance project and APW token
APWine is a protocol to trade future yield. DeFi users can deposit their interest bearing tokens of other protocols during defined future periods and trade in advance the future yield that their funds will generate.
Lock your interest bearing tokens
Tokenise the yield generated with your interest bearing token. You deposit and lock your interest bearing token to claim Future Yield Tokens.
Sell your APYs ahead of time
Sell, buy and trade Future Yield Tokens ahead of time to speculate on the APY of different platform.
Claim your yield at maturity
Claim your yield at maturity by burning your Future Yield Tokens.
APWine Tokenomics
The APW token is an ERC-20 token, with a primary focus on protocol governance through the APWine Finance DAO.
The token follows a Curve-like form of voting escrow (veAPW) which has a _Lock _capability. Locking your APW for up to 2 years will yield an increased voting weight and share of protocol rewards. The longer you lock your APW, the more voting power you have.
Token holders will also benefit from the 5% performance fee collected from all yield that is deposited and futurized on the platform from day one. This fee can be adjusted by the DAO through a proposal, with the consensus of token holders. On top of that, a part of fees collected via swaps — 0.05% of trading volume in total — performed on the APWine AMM are also set to be retributed to APW holders.
The APW token has not only utility, but a stake in the performance of the protocol.
Additional functionality for the token will be unveiled at a later date, when the new V1 features are announced.
Token Distribution
Maximum Supply: 50,000,000 APW
The Community part of the circulating supply presented above also includes Ecosystem funds and Airdrops. Practically speaking, it means this is only an upper limit given for informational purposes.
Due to the liquidity mining following an inverse exponential curve, as described below, the maximum supply of $APW will never be effectively reached. By the end of year 2, there will be a maximum of 32,624,947 $APW tokens in circulation, or around only 65.2% of the total supply — making the token more scarce and valuable.
Token Allocations
Initial bootstrapping (7%)
A substantial part of the supply is set to be distributed during the upcoming Liquidity Bootstrapping Event, whose details will be unveiled in the coming days. This gives everyone a chance to have a stake in the project and its success while ensuring fair distribution amongst community members.
The funds raised during this event will be used to seed liquidity pools on decentralized exchanges.
This event will be the first opportunity to get $APW — There will be no tokens in circulation prior to it.
Community (56%)
The Community allocation gathers Liquidity Incentives and Ecosystem funds and grants, including Airdrops.
Liquidity Incentives
Most of the Community allocation will be reserved for Liquidity Incentives, so as to bring liquidity providers and create the most liquid and usable market for Future Yield.
**48% **of the supply is planned to be minted following an inverse exponential curve, so that there are a fixed amount of $APW tokens to distribute every year, with a decreasing inflation rate.
These tokens will be distributed through a liquidity mining program on $APW pairs, along with incentives for liquidity providers on the APWine AMM. The team and the DAO reserve the right for these tokens to be dynamically allocated to specific incentives, depending on current needs and for the good development of the project.
Ecosystem
A portion of the Community allocation is dedicated to Ecosystem growth, in the form of strategic partnerships and grants for active and meaningful contributions moving the project and the DeFi space forward.
Airdrops
Airdrops are a way to both reward long-time supporters of the project, but also attract resourceful members from external communities.
In a matter of introducing APWine to new users, while giving our existing community a chance to participate in the governance from day one, we’ve decided to allocate a portion of the Community Fund to the Genesis Airdrop.
A selection of external users will have a chance to get a stake in APWine governance; including users from selected communities and valuable actors of the DeFi ecosystem.
Early APWine users will receive part of the airdrop, for their valuable testing and feedback while the next protocol iterations were being fine-tuned. One must have interacted with one of the Alpha or Beta versions, or executed any on-chain order on the exchange.
The snapshot has been taken at block 12388510, at the time of publishing this article.
Team (28.06%), Investors & Advisors (8.94%)
The team, and all investors who have contributed to the project in its early days, have a vesting over multiple years as a commitment to the platform and its vision. The majority of the token supply is earmarked towards community growth, including liquidity incentives and ecosystem development. APWine is set to impose itself as one of the core building blocks of DeFi for Future Yield Tokenisation, and this feat takes planned, collective efforts to achieve.
Hence, the team is under a 4 years linear vesting schedule, and investors are following a 2 years linear vesting.
APWine LBP Tutorial
The process for swapping APW token on Balancer LBP is straightforward and consists of four simple steps:
- Open APWine’s LBP Page
- Connect to Balancer’s interface
- Increase Slippage
- Swap USDC for APW
**1. Open APWine’s **LBP Page
We’ve set up an informational page containing all information you need to get started with the LBP. The website is accessible on lbp.apwine.fi.
The LBP Page features a price chart of the APW token depending on current and future demand.
There is also a “Poke Weights” button which we recommend using right before swapping any substantial amount — this ensures you get the best, most up-to-date price.
**2. Connect to **Balancer’s interface
The “Buy $APW” link lets you enter the LBP on Balancer. This is where you’ll be able to swap USDC for APW directly.
Balancer’s swapping interface
You will need to connect an Ethereum wallet to continue. Balancer currently supports MetaMask, WalletConnect, Fortmatic, Torus, Portis, and Coinbase. We’ll be using MetaMask in this guide. To download MetaMask, visit the official website.
Once your wallet is set up and connected, you’re ready to swap. Make sure you have enough ETH in your wallet to cover transaction fees.
Although you can swap any supported token for APW (Balancer will automatically do the routing for you), we recommend getting some USDC in your wallet first. This will prevent any unexpected behavior while swapping for APW.
3. Increase Slippage
Due to how LBPs work, there might be times where the price can be volatile and transactions may not go through. To prevent this, you can set a higher slippage on Balancer’s interface, through the Settings menu. Note that if you set the slippage too high, bots and miners may take advantage of it (you can learn more about it by checking about MEV).
4. Swap USDC for APW
If you’ve never used Balancer before, you’ll need to approve your USDC tokens before swapping. Enter an amount of USDC you want to swap, press Unlock and submit the transaction. You will then be able to Swap your tokens.
Please keep gas prices in mind and always have enough ETH to complete transactions. When your transaction succeeds, it will show up with a “Success” status. If your swap went through correctly, you will now be able to add APW to your wallet and check your token balance.
How and Where to Buy APW token ?
APW has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by first buying Bitcoin, ETH, USDT, BNB from any large exchanges and then transfer to the exchange that offers to trade this coin, in this guide article we will walk you through in detail the steps to buy APW token.
You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…
We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.
Binance is a popular cryptocurrency exchange which was started in China but then moved their headquarters to the crypto-friendly Island of Malta in the EU. Binance is popular for its crypto to crypto exchange services. Binance exploded onto the scene in the mania of 2017 and has since gone on to become the top crypto exchange in the world.
Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…
Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)
Next step - Transfer your cryptos to an Altcoin Exchange
Since APW is an altcoin we need to transfer our coins to an exchange that APW can be traded. Below is a list of exchanges that offers to trade APW in various market pairs, head to their websites and register for an account.
Once finished you will then need to make a BTC/ETH/USDT/BNB deposit to the exchange from Binance depending on the available market pairs. After the deposit is confirmed you may then purchase APW from the exchange.
The top exchange for trading in APW token is currently Sushiswap
Find more information APW
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