IAO #006 — BiShares Index Fund! 📈

Safely diversify across crypto assets 🤓

4 min readJul 4, 2021

Apes, we are proud to present our next IAO! Please put your prehensile feet together for *drum roll* 🥁 BiShares.Finance!! 🥳

About BiShares 🦬

BiShares is a decentralized platform for Index Funds on BSC! The team over at BiShares has a robust and bold plan to create and manage index funds on BSC, starting with 5 initial funds; included will be some of the most exciting projects on BSC.

With these index funds, BiShares is able to help bring some of the best elements of TradFi to our DeFi jungle. For those of you that are unaware of what an index fund is, we’ll break it down for you real quick! 🧑‍🏫

According to the friendly folks over at Investopedia, an Index Fund is “…a type of mutual fund or exchange-traded fund (ETF) with a portfolio constructed to match or track the components of a financial market index.”

So what does this mean for DeFi? 🤔

It means that with one simple investment you will be provided with broad market exposure, low operating expenses, and low portfolio turnover. In simpler, more apeish terms, never miss out on another moon shot again.

Let me introduce you to the BiShare index funds 📜

BiShares Top 10 BSC Fund: BNB, CAKE, BANANA, BAKE, XVS, SXP, TWT, EPS, BIFI, SFP
BiShares BSC NFT Fund: aLIFE, DEGO, FINE, PRT, JGN, +++
BiShares BSC DEX Fund: BANANA, 1INCH, BAKE, REEF, DODO, BURGER
BiShares FOMO Fund: STOS, WSB, +12 more
BiShares Ape Fund: To Be Revealed…

So how does it work, exactly? 🤷‍♂️

It’s very simple. You simply buy and hodl the token to whichever respective index fund you want exposure to and then you sit back and listen to your money printer go brrrrrr!

Whats EVEN BETTER, is all of the volume for these index funds will be routed through ApeSwap 😎

BiShares.Finance’s platform will be live immediately after the IAO, and the index funds will become active about a week after that. Make sure you keep up with their social accounts, listed at the bottom of this article, to know the latest!

All the details you need to know 🐵

Once again, this IAO will have two offerings.

Primary Offering: IAO tokens purchased with just $BNB
Secondary Offering: IAO tokens purchased with just $GNANA

Both offerings will occur at the same time and for the same token price, but they will be on different UI pages, have different hard caps, and use different methods for purchasing $BISON. Read all the details below.

➡️ Details about the Primary Offering ($BNB)

The $BNB sale will take place at ApeSwap.Finance/IAO, last for one hour long, and you will only need $BNB to participate.

🖥 Sales Page: IAO Page — https://apeswap.finance/iao

🚀 Launch Time: Friday July 9th at 03:00 UTC

💲 Token Price: $3.50 per $BISON (paid in BNB)

🎫 For Sale: 128,571 $BISON

💰 Hard Cap: $450,000

⏱ Duration: 1 hour ($BISON is going to go fast!)

If you need a refresher on how to participate in a standard IAO, check out the details in our docs!

️➡️ Details about the Secondary Offering ($GNANA)

We published some additional details on our Golden Banana token ($GNANA). You can read all about it here, but for the purposes of the BiShares IAO, here is what you need to know!

You pay for the IAO with $GNANA, (it’s not staking) it will be used as funding for the IAO and you will get the $BISON tokens in return. Of course, we burn all the $GNANA we do not return. $GNANA is valued at 1.38x $BANANA price for IAO’s.

🖥 Sales Page: The ApeZone — https://apeswap.finance/apezone

🚀 Launch Time: Friday July 9th at 03:00 UTC

💲 Token Price: $3.50 per $BISON (paid in $GNANA)

🎫 For Sale: 71,429 $BISON

💰 Hard Cap: $250,000

🍌 GNANA to Burn: $250,000

⏱ Duration: 1 hour ($BISON is going quick!)