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, exclusive pools, and access to special IAO allocations.
GNANA is an extension of our BANANA tokenomics; it's a derivative token of BANANA which offers more benefits at a higher premium.
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).
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.
1) Vote on ApeSwap DAO governance proposals or create a community proposal based on the amount of GNANA tokens held*
4) Engage in passive farming by earning a proportional share of a 2% reflect fee generated each time GNANA is transferred*
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 users who hold GNANA in their wallet (i.e., not staked in Staking Pools).
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.