The popular exchange dropped an update on Purple Monster Finance, one of the numerous projects featured in its innovative BUIDL program.
Solar Fighters Coming to a Chain Near You
ApeSwap is in the news once again – for a good reason. The Decentralized Exchange (DEX) on Binance Smart Chain (BSC) has dropped an update on its BUIDL program for supporting projects on BSC. This time, the DEX protocol took to Twitter to create hype around yet another budding project on its program — Purple Monster Finance. According to a Tweet made on the 27th of June 2021, ApeSwap disclosed that Purple Monster would be launching their ‘Solar Fighters’ Non-Fungible Tokens (NFTs) for their card game. The NFTs will be sold 50% off in the first week of launch and can be purchased with BANANA — ApeSwap’s native token. The NFTs will also have staking capabilities to increase their utilitarian value.
Purple Monster Finance X ApeSwap
Purple Monster is part of a growing list of Decentralized Finance (DeFi) projects to build on ApeSwap. The innovative yield farming protocol joins projects like Crow Finance, Vox Finance, TapSwap, and many others.
As explained earlier, this program is intended to contribute to the growth of BSC-related projects. Thanks to ApeSwap BUIDL, projects like MEMEX, Defy Farm, and Koala DeFi have experienced tremendous growth.
Purple Monster Finance NFTs
Purple Monster provides Purple Monster NFT holders the opportunity to stake their NFTs in numerous ways and obtain an extremely high Annual Percentage Yield (APY) on BSC. Users use the Purple Monster Token (PMOT) to purchase these NFTs and partake in staking and gaming to increase their yield.
The NFTs are categorized into four types: Common NFTs, Rare NFTs, Ultra Rare NFTs, and Platinum NFTs. Each of these NFTs has a limited supply in order to maintain value.
ApeSwap BUIDL Program
ApeSwap is one of the top DEX platforms on the BSC. The platform has shown tremendous growth while also expanding the BSC network by supporting projects in the BSC space. ApeSwap created a program known as BUIDL to help growing projects on the BSC network, granting them rewards for using its intuitive DEX platform. The program is exclusive to both new and old projects on the BSC; all projects need to do is apply for ApeSwap’s BUIDL program and build on ApeSwap (Add Liquidity) to receive rewards after some criteria are met.
About Purple Monster Finance
Purple Monster Finance is an innovative yield farming protocol built on the Binance Smart Chain that offers ita NFT holders to obtain profit via staking. Staking can be done in solo pools or farms (pairing with other tokens). The protocol currently holds support for PMOT-BUSD LP, PMOT-BNB LP, PMOT-BTC LP, and PMOT-ETH LP. It also has a game section for users’ interactivity and burning of tokens. To learn more about Purple Monster, read their official Whitepaper.
Purple Monster Finance aims at creating much-needed benefits for its users by establishing numerous profit-making strategies. The protocol offers use cases for NFTs by giving them staking capability on solo pools and farms. With the Solar Fighters NFT series release imminent, the protocol has disclosed that there will be 50% off presale for a week before farming begins. With this launch, Purple Monster continues to make its protocol well established for users’ privileges. Thanks to ApeSwap and their BUIDL program, the Purple Monster platform has been able to provide this exciting new opportunity for users.
Source : bsc.news
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