APPLE FINANCE TOKEN(APPLE)
Behold, APPLEFI is here!
Project Background
The yield farming craze ignited by COMP and turbo-boosted by YFI & SushiSwap has started the recent stampede of famers and defi-degens rushing in and throwing their money bags at upspringing defi projects.
During this run, many of us spent sleepless nights refreshing twitter endlessly and sniffing around discord for leads on the next big thing. However, we are slowly running out of breath and need to take some rest before passing out.
What if there were a defi project where we can enjoy slow-paced yield farming without FOMO butterflies in our stomachs? Food memes are cool, but after all, what is life without fun and games?
APPLEFI Design and Distribution
APPLEFI aims to be the defi playground where all defi enthusiasts can come to relax, have fun, and even get lucky between blocks. At APPLEFI, we value soaring annual percentage entertainment(APE) just as much as annual percentage yield(APY), so get ready to go ape on some gamification of yield farming.
In the coming weeks, we plan to launch new products that are both profitable and entertaining at the same time. We have absolutely no plan to become bullies ruling over this orchard, but we wish to become a contributor creating the Garden of Eden for everyone. Thus, the defi playground will be built by the community and become a place where all ideas mingle to make it more robust and fun.
Token Distribution
There are no allocations for the dev team, no pre-sales, no VC funding whatsoever. The tokens will be available for everyone taking part in farming and mining. This is the only way to get APPLE tokens.
2% of all farmed tokens will go into the treasury for future development of the project. All tokens in the treasury and its usage will be announced publicly to the community.
- Phase 1 : Planting Apple Seeds
In order to bootstrap the platform, we will be providing the highest amount of tokens in the first month. Each week, the number of tokens distributed per block will be reduced by 20%
250 APPLE per block for Week 1 (~ 45,000 blocks)
200 APPLE per block for Week 2 (~ 90,000 blocks)
160 APPLE per block for Week 3 (~135,000 blocks)
128 APPLE per block for Week 4 (~180,000 blocks)
- Phase 2 : Growing Apple Trees
Token distribution will be reduced by 50% every two weeks
64 APPLE per block for Week 5 & 6 (~270,000 blocks)
32 APPLE per block for Week 7 & 8 (~360,000 blocks)
- Phase 3 : Apple Picking
The token distribution will be brought down to normal rates. A halving will occur every month.
16 APPLE per block for Month 3 (~ 540,000 blocks)
8 APPLE per block for Month 4 (~ 720,000 blocks)
4 APPLE per block for Month 5 (~ 900,000 blocks)
2 APPLE per block for Month 6 (~1,080,000 blocks)
….and so on.
At this point, there will be enough tokens held by the community vote, and decide on further distribution if needed.
To start farming APPLE tokens, stake your Uni V2 LP tokens on our website and APPLE tokens will be available for harvest from block height 10879984.
- You can find us @
APPLEFI: https://applefi.farm
Twitter: https://twitter.com/@AppleFiofficial
Medium: https://medium.com/@AppleFi
