MaticApe «$APE» tokens are minted to continuously receive MATIC dividends every time any other exchange participant buys, sells or transfers APE tokens. The MaticApe protocol pays APE token holders a 25% dividend on total trading volume. Holders receive their MATIC dividends proportionally and instantly relative to the total APE circulating supply.
About MaticApe
MaticApe eliminates trusted middlemen and unnecessary forms of annuity, enabling fast and efficient trading. Where it makes compromises, decentralization, censorship resistance and security are prioritized.
Other features:
| 1 | MaticApe provides users with a convenient exchange tool for exchanging MATIC and APE tokens and allows MATICAPE holders to receive automatic dividends in MATIC, generated instantly on the exchange. |
| 2 | APE holders will receive a commission for trading in MATIC. After purchasing APE tokens, the smart contract will automatically recognize your assets and generate dividends in MATIC. |
Unlike many other cryptocurrencies, which are usually priced by centralized exchanges, subject to fictitious trading and price manipulation, in the MaticApe protocol, the price of an APE token is controlled by an incorruptible algorithm in the smart contract code. Simply put, this part of the code increases the price of the APE token when buying APE and lowers the price when selling APE. When APEs are bought, they are contract minted and added to the total supply, the MATICs, collected from the sale, are stored securely in the contract. When MAPEs are sold, the MaticApe protocol burns them and reduces the total supply.
In conclusion, the APE token does not have a set minimum or maximum supply. The APE token is not owned or controlled by any developers or administrators. Everyone has the right to own a part of the APE tokens through a direct exchange with the MaticAPE protocol.
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The value of an APE token starts at 0.000000000000001 MATIC, as each APE is minted thereafter, the value of each token in supply will increase by 0.00000000000000001 MATIC. Whenever APE is sold, the price will decrease by the same 0.00000000000000001 MATIC.
The APE price is calculated by the APE protocol in MATIC. For general liquidity, this amount of MATIC from the contract balance is distributed to each token when someone wants to sell tokens and remove MATIC. Having such a MATIC-backed token is another way APE improves existing systems. It also introduces the possibility of multidimensional profits. To put it simply, the price of an APE token can not only go up and down in the amount of MATIC, but the value of that MATIC in USD/MATIC can also go up and down independently.