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ApeCoin on the LBank Exchange

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INTERNET CITY, DUBAI, December 14, 2022 – LBank Exchange, a global digital trading system, has recently launched ApeCoin (APE) engaging in the “Earn” – “Exchange” category, users will be able to get APE logo using one. annual return of 175% (floating exchange) and withdrawal at any time without lock.

APE Staking Is a New System

Recently, ApeCoin DAO (ApeDAO) established a staking protocol for ApeCoin (APE), which was designed to allow users of APE, BAYC, MAYC, and BAKC to earn rewards through investment. APE can be applied alone or in conjunction with BAYC, MAYC or BAKC in one of four pools, with each pool offering a different rating.

This policy was proposed in AIP 21 and 22 and approved by the community on May 4, 2022. Following the approval, the ApeCoin Foundation commissioned Horizen Labs to develop a platform for the staking protocol according to the specifications specified in the AIPs.

Staking is a common way to earn money without money in the crypto space. This system allows APE holders to put their useless tokens to work by transferring them to different pools and getting another reward in the form of another APE.

Being more than just a pool, the protocol has the distinction of rewarding holders of certain NFTs. These NFTs give their holders access to a special pool, acting like a vault key.

According to recent data on dune.com, the APE-Only protocol pool has achieved an astonishing 175% APR. Obviously, APE staking has become a new phenomenon. However, to join these pools, one must meet certain requirements that may not be easy to meet.

For example, some pools require users to have official Yuga Labs NFTs to join, and cannot sell these NFTs when participating in BAYC or MAYC pools, otherwise users have ability to lose all their APEs.

Get APECoin on LBank Exchange

To provide another solution, LBank Exchange recently launched APE Staking in the “Earn” – “Exchange” section. Users will be able to earn 175% APR (floating rate) and enjoy daily rewards just by signing up. Since it is “flexible”, no lock-in is required, users can remove their APE tokens whenever they want.

To join APE Staking on LBank Exchange, just click Get and find APE in the list, then click “Join Now”. The minimum interest rate requires that the users’ account balance is not less than 6 APE points, and there is no limit on the interest rate. The settlement process involves calculating interest on T+1 and paying interest on T+2. Join the new crypto trend and get a chance to get 175% APR on APECoin Staking on LBank Exchange now!

  • Assets stored in “APE Staking” are not subject to trading or termination. However, when you register, assets that are changed or withdrawn will not be included in the daily interest calculation. The difference in the amount will be published at 2:00 pm the next day.
  • The freezing of assets due to law and participation in the act does not affect the total period of interest in assets. About LBank

LBank is one of the leading crypto exchanges, established in 2015. It provides its users with unique investment products, professional asset management services, and secure crypto trading. The platform has more than 7 million users from 210 regions around the world. LBank is a growing, open-source platform that ensures the integrity of user funds and seeks to contribute to the global adoption of cryptocurrencies.

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