Banana Points Exchange Program (BPEP)

EAPES Tokens

The exclusive Banana Points Exchange Program (BPEP) is the gateway to seamlessly convert Banana Points rewards into valuable EAPES Tokens, thereby offering unprecedented opportunities to elevate the EAPES ecosystem experience.

The exchange program introduces two distinct exchange pathways meticulously crafted to cater to the diverse requirements of the EAPES ecosystem. The first pathway, denoted as BPEP(O) for 'Original', facilitates the unidirectional exchange of Banana Points accrued from the 2D EAPES and Island Relics collections into EAPES Tokens, emphasizing a seamless transition towards tokenization for non-metaverse related assets. BPEP(O) will be available through the EAPES dApp (app.eapes.com).

The exchange ratio for BPEP(O) will be set at 10:1 concurrent with the launch of the EAPES Token in June 2024. In other words, every 10 Banana Point rewards may be redeemed for 1 EAPES Token.

Furthermore, the forthcoming launch of BPEP(M) for 'Metaverse' will offer a conduit for the conversion of Banana Points passively earned through EAPES Island assets such as 3D EAPES, land, and housing into EAPES Tokens. BPEP(M) will be available through a storefront business within EAPES Island. Similar to BPEP(O), this exchange operates unilaterally, underscoring an efficient mechanism for tokenization and value realization within the digital landscape.

As part of the EAPES commitment to transparency and sustainability, a phased reduction in the exchange ratio between Banana Points and EAPES Tokens will be implemented, ensuring an equitable exchange process while upholding the integrity of our tokenomics model.

The first BPEP exchange ratio reduction is scheduled for December 2024 where it will transition from 10:1 to 5:1. Consequently, commencing in mid-December, every 5 Banana Point rewards may be redeemed for 1 EAPES Tokens.

More information will be provided prior to the EAPES Token launch.