GNANA

General Details

Ticker: $GNANA

Contract Address: 0xddb3bd8645775f59496c821e4f55a7ea6a6dc299

Chain: BNB Chain (BEP-20)

The Golden Banana token (most commonly known by its ticker symbol, $GNANA) was designed specifically to reward ApeSwap’s most loyal community members. GNANA enables holders not only participate in governance, but to also take advantage of other valuable benefits including passive farming and exclusive pools.

GNANA is an extension of our BANANA tokenomics; it's a derivative token of BANANA which offers more benefits at a higher premium.

How Do I Get GNANA?

GNANA can only be acquired by converting BANANA on the Golden Banana page.

NOTE: Users incur a 28% burn fee in addition to a 2% reflect fee, resulting in a 30% reduction in tokens when going from BANANA to GNANA. This is beneficial to the ApeSwap ecosystem, as this decrease in tokens materially helps offset the inflation of BANANA, reducing the circulating supply of BANANA.

As a result of the burn and reflect fees, users receive 0.7 GNANA for every 1 BANANA converted.

To reward GNANA users for their commitment, GNANA is valued at 1.389x compared to BANANA within the ApeSwap ecosystem (Staking Pools & IAOs).

NOTE: You only realize the 28% loss of the burn fee when you leave GNANA by converting it back to BANANA.

In traditional finance, this would be considered an "unrealized loss". It only becomes material once you convert GNANA back to BANANA, as your tokens are valued as if they were still BANANA while inside the ApeSwap ecosystem.

Visit the How To Convert To And From GNANA page to learn more.

⚡How To Convert To And From GNANA

What Can I Do With GNANA?

GNANA can only be acquired with BANANA on the Golden Banana page. ApeSwap offers users several different options to take advantage of their GNANA holdings:

1) Vote on ApeSwap DAO governance proposals or create a community proposal based on the amount of GNANA tokens held

2) Stake GNANA in special GNANA-only Staking Pools to earn BANANA, or other partner tokens

3) Engage in passive farming by earning a proportional share of a 2% reflect fee generated each time GNANA is transferred*

*NOTE: This option only apply to GNANA held in wallets, not staked in Staking Pools.

For more information on how to use GNANA, visit the GNANA Utility page.

GNANA Utility

Reflect Fee

GNANA is a reflect token, with a 2% transfer fee. This means that any time GNANA is moved from wallet to wallet, staked into a Staking Pool, or otherwise transferred, 2% of the amount transferred is distributed proportionally to all other addresses who hold GNANA. This means smart contracts, such as GNANA staking pools, also accrue GNANA reflect fees. The utilization of those pool smart contract reflect fees are determined by the DAO based on governance proposals.

GNANA Treasury & Returning to BANANA

GNANA is ultimately backed 1:1 by BANANA, and can always be exchanged for BANANA. Since GNANA is valued at 1.389x BANANA within the ApeSwap ecosystem, users realize the difference in value between GNANA and BANANA only when converting GNANA back to BANANA.

Sold GNANA is returned to the treasury fund and ultimately available for purchase from the next person that wants GNANA. As a user, you get 0.98 BANANA per GNANA when you return to BANANA, after accounting for the 2% reflect fee. New GNANA is minted only if there is no existing supply in the treasury to fulfill sell requests.

NOTE: ApeSwap does not control or own the treasury supply! Each of the above mechanics is dictated exclusively by smart contracts. GNANA does not trade openly on any secondary markets, and cannot be purchased from any exchange other than ApeSwap. ApeSwap will never open a GNANA Yield Farm, as it is a derivative token of BANANA, which is fully liquid and tradable.