As you know I like to dig into #DeFi market and trying to find good project with solid team and potential because their utilities. Today i want to talk about $DAPE and its interesting utility.
So the Ape Directory on the website "Cryptodefiapes dot com" has now grown to 21 listings. These include contract developers, and deployers, listed with their current projects. As well as, a number of callers, who support and give exposure to projects that use blockchain technology that they believe may be successful in the future. As well as listing these clients there is a rating system on the site that allows users to rate and review; the developers, deployers and callers listed on the directory. A sort of TripAdvisor but for Crypto. And the idea is pretty cool!
Early in the week, despite almost two weeks of hard work by the team, the market cap of the project had dipped all the way to 6-7k, leaving many investors rather disappointed. This in fact though had been a huge opportunity for investors, as news of new utility, lead to a buying frenzy, seeing the market cap 10x from there, back to 70k, before consolidating around the 30k mark. Holders are now up to 421.
New utility has been released where holders are now receiving 2% rewards from transactions in BUSD.
The BUSD rewards, is a good incentive to hold onto my position, while the directory grows- each new listing bringing more exposure to the project and reaching new potential investors. DefiApes is helping to take that step towards some sort of regulation, consistency and customer accountability in the space without the need of governments or lawmakers to get involved. With DefiApes you can check what other investors have to say about the clients listed on the directory, which can help to make a more informed decision when investing. With talk from the developers about even more utility in development, preferential privilidges and early access to new projects for DAPE holders, the future is looking Gigantopithecus for DefiApes.
So it looks promising and I would love to hear what do you think about it! Comment below and let me know guys! See you soon and DYOR as usual! #BTC #BNB #ETH #googleai
