ApeCoin (APE) – An ERC-20 token developed by the creators of the Bored Ape Yacht Club (BAYC) NFT collection. It plays the role of a governance token within the ApeCoin DAO (independent public organization) and the APE Foundation.
The APE Inquiry bench initially included: Reddit Co-Founder Alexis Ohanian, BingX Ventures & Gaming Chief Amy Wu, Horizen Labs Chief Dean Steinbeck, Animoca Brands Co-Founder Yat Siu, SoundVentures Director Maaria Bajwa. However, the bench will change every 6 months based on the user’s choice. Profit experts have studied the features of the APE token and its functionality.
Briefly about the main issue
- Apecoin (APE) is a cryptocurrency created in 2021, which is a global project NFT and digital art.
- The main objective of Apecoin is to promote the development and growth of the Bored Ape Yacht Club (BAYC) ecosystem, one of the most popular. NFT Collections in the world.
- Apecoin can be used to manage NFT ownership in the Bored Monkey Yacht Club ecosystem.
- Apecoin uses the Ethereum blockchain making it compatible with many types of wallets and platforms.
- To save Apecoin you can use different wallets, which support ERC-20 tokens. These include wallets like Metamask, Trust wallet and Ledger.
- Apecoin (APE) can be bought and sold for different cryptocurrencies Exchange including popular sites like Bybit, OK, KuCoin.
- The APE project supports the opportunity to earn passive income by giving your coins to other network participants who will vote on decisions. Additional information.
general information
| Discrimination | ApeCoin |
|---|---|
| Clock | MONKEY |
| Start year | 2022 |
| The type of symbol | ERC-20 |
| Blockchain | Ethereum |
| Contract address | 0x4d224452801aced8b2f0aebe155379bb5d594381 |
| Maximum production | 1,000,000,000 MONKEY |
| O site official | https://apecoin.com/ |
| Classes on 03/17/22 | US$ 7,5 |
| Social media | https://twitter.com/apecoin |
| Exchange for business | Binance, Bybit, Kucoin, Hotbit, Kraken, Gate.io, Coinbase, cooperative |
Real-time currency price/quote
Using ApeCoin
ApeCoin empowers the decentralized community in the APE ecosystem by serving as a token of governance and utility. It is minted on the Ethereum blockchain according to the ERC-20 standard.
The goals stated by the developers will be implemented according to the ApeCoin ecosystem protocol:
- Encourage third-party developers to participate in the environment – integrating APE with games, services, and different shared protocols.
- Individual arrival to certain parts of the environment – different events, services, products, processes.
- Cost integration into the ecosystem. Participants will be able to make all transactions using this free currency.
- In control. APE owners have a say in how the ecosystem is managed through participation in the independent ApeCoin DAO.
ApeCoin will become the key token for the implementation of all ideas, products and services Bored Ape Yacht Club (BAYC) from the developers at Yuga Labs.
Project Tokenomics
On March 17, 2022, a flight is underway in which 15% of the total production of 1 billion tokens will be received by Bored Ape or Mutant Ape NFT owners. The exact number of tokens a participant will receive depends on the amount of NFTs they own, as well as the type of token (BAYC or MAYC).
The remaining tokens will be distributed among Yuga Labs developers and users who participate in the project launch. A portion will be donated to the Jane Goodall Legacy Foundation.
The total supply of ApeCoin is fixed; the creation of additional tokens is not provided by the smart contract. You also cannot burn them.
As a general rule, some tokens of the project participants will be locked at the beginning. It will be open for up to 48 months according to a predetermined schedule. The reading period starts from the start date of March 17, 2022.
ApeCoin Distribution:
- BAYC/MAYC NFT/asset owners – 62%.
- Company that supports BAYC (Yuga Labs) and continues to contribute to environmental development + philanthropy – 16%.
- Top companies and individuals who helped implement and launch the project – 14%.
- Four founders of Yuga Labs and BAYC – 8%.
APE and ApeCoin DAO Establishment
APE Foundation is the organization that manages the activities of ApeCoin DAO. It helps to increase the profitability of the company in the long term. The main tasks of the organization are to monitor the decisions of the DAO, deal with financial issues, manage projects, do day-to-day management, and perform many other important tasks to fulfill the planned projects.
The ecosystem fund is based on a multisig wallet whose fees are paid according to the ApeCoin DAO Tips. ApeCoin owners are provided with the necessary tools with open and unrestricted governance mechanisms for better cooperation.
ApeCoin DAO was created due to the creators' belief that managing a community spread across the world is not possible in a centralized way. The success of the DAO directly affects the performance of the APE ecosystem as a whole. DAO participants, i.e. all ApeCoin owners, will be able to make decisions about:
- Rules of procedure.
- Projects started.
- Allocation of ecosystem funds.
- Cooperation, etc.
Management is guided by a Management Recommendation. Initially five leaders were chosen, but after six months participants will be able to choose a new structure of their preference.
Buying, selling, saving APE
On the first day of launch, ApeCoin (APE) was listed on almost all major exchanges:
It's new #Binance list: @apecoin $APE
Deposits for $APE are now open for business.
📆 Trading opens on March 17th at 2:30pm UTC. pic.twitter.com/DcX3qMf2dj
– Binance (@binance) March 17, 2022
Furthermore, the token has appeared on an exchange that supports the Ethereum blockchain. Selected wallets are suitable for storing coins Metamask, Trust wallet, Mathwallet etc.
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Conclusion
As these According to Yat Siu, co-founder of Animoca Brands and a member of the ApeCoin DAO, ApeCoin is the next step in the development of the NFT industry. The token reflects the zeitgeist and NFT culture of the moment. Siu predicts that ApeCoin will become the Dogecoin of the non-fungible token world, where the fee is set and recognized by the community.
The Bored Ape Yacht Club collection was announced in April 2021 and has since become one of the most popular NFT projects. Celebrities and companies continue to pay attention to it. Coming soon Yuga Labs I bought two other major projects, CriptoPunks and Meebits, expanding their dominance in the growing NFT market.