What is ApeCoin (APE)? All About APE Token

Bored Ape Yacht Club (BAYC) is no longer strange to those who are fans of NFT. Built on the Ethereum ecosystem, launched April, 2022, BAYC has quickly grown massively as the most valuable NFT project by market cap.

What is ApeCoin (APE)?

ApeCoin is the result of a long time spent with the community of BAYC and Mutant Ape Yacht Club (MAYC) – 2 of the most popular NFT collections on the Ethereum ecosystem. ApeCoin will serve as a community-led & decentralized protocol to “metaverse up” real-world operations.

What makes ApeCoin stand out?

ApeCoin is supported by ApeCoin DAO. It will be empowered for the community to lead and build metaverse events, games or blockchain services.

ApeCoin DAO aims to strike a balance between productivity and governance that can facilitate good and viable product launches, which aligns with the DAO’s motivation and values.

The main goal of ApeCoin is also to develop APE into a token that is used to build a decentralized community for the Web3 platform.

Benefits of holding APE Token

APE holders will have the right to participate in governance, voting rights about the project’s future development.

In addition, the APE token can also be used for products in the BAYC ecosystem and provides access to new products in the future.

Team, Investors, and Partners

Team

The project’s advisory team has prominent names such as:

• Alexis Ohanian: Co-founder of Reddit; Founder of Seven Seven Six hedge fund.
• Amy Wu: Manager of FTX Venture.
• Yat Siu: Co-founder and president of Animoca Brands.

Investors

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Partner

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Roadmaps & Updates

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Detailed information about APE Token

Key Metrics APE Token

• Token Name: ApeCoin Token
• Ticker: APE
• Blockchain: Ethereum
• Token Standard: ERC-20
• Contract: 0x4d224452801aced8b2f0aebe155379bb5d594381
• Token Type: Utility
• Total Supply: 1,000,000,000 APE
• Circulating Supply: Updating…

APE Token Allocation

• Ecosystem Fund: 62% 
  • BAYC & MAYC: 15% – 150,000,000 APE
  • DAO treasury & resources: 47% – 470,000,000 APE
• Yuga Labs + Charity: 16%
  • Yuga Labs: 150,000,000 APE
  • Jane Goodall Legacy Foundation: 10,000,000 APE
• Launch Contributors: 14% – 140,000,000 APE
• BAYC Founder: 8%- 80,000,000 APE

APE Token Sale

The project has not held a Private Sale, but there has been an announcement about the Public Sale of APE tokens on Binance.

APE/BTC, APE/BUSD and APE/USDT trading pairs were sold at 2022-03-17 21:30 (UTC+7). You can trade APE tokens right on the Binance exchange.

APE Token Release Schedule

Treasury and resource DAO: 117,500,000 tokens will be unlocked after launch, then 7,343,750 tokens will be unlocked every month for 48 months.

Yuga Labs: Lock-up for the first 12 months, then unlock 4,166,666.67 tokens per month for 36 months.

Jane Goodall Legacy Foundation: Lock-up for the first 12 months, then unlock 277,777.78 tokens every month for 36 months.

Launch Contributors:

• 10,000,000 tokens will be distributed first, then 25,000,000 after 6 months, 25,000,000 tokens after 12 months and 25,000,000 after 18 months.
• Lock-up for the first 12 months, then unlock 757,575,76 tokens every month for 33 months.
• Lock-up for the first 12 months, then unlock 833,333,33 tokens per month for 36 months.

How to earn APE token

You can trade APE tokens on supported CEX and DEX.

In addition, ApeCoin has good news for the NFT holders of the BAYC and MAYC communities about allocating 150 million APE tokens to NFT holders. Tokens will be split based on the difference in the price of NFT collections on each exchange.

Token allocation information is as follows:

• Bored Ape: 10,094 tokens
• Mutant Ape: 2,042 tokens
• Bored Ape + Kennel Club: 10,950 tokens
• Mutant Ape + Kennel Club: 2,898 tokens

Detailed information here.

How to buy APE Token

APE is currently being traded on exchanges such as:

• CEX: Binance, FTX, Huobi, Gate.io.
• DEX: Uniswap V2 & V3, Coin98 Exchange.

You can also swap APE tokens right in the Swap section of Coin98 Exchange at the end of the post!

Learn more: How to use Coin98 Exchange

How to store APE Token

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ApeCoin’s information channels

Twitter: twitter.com/apecoin – 373K followers

Summary

Above is the latest information about ApeCoin that I have updated, ApeCoin is still in the developing process, Coin98 Insights will update right on the post to you as soon as possible.