This supply of 1 billion tokens is distributed across four different groups. 62% of the coins are found here and are allocated to BAYC/MAYC NFT holders and treasury/resources. The second largest group comprises 16% of the coins and is divided between Yuga Labs and the company’s charity of choice, the Jane Goodall Legacy Foundation. This is 14% of the total and is designed to help those who helped from the start.

On 10 April at $12.27, after the Bored & Hungry restaurant in California became the first catering establishment to accept payments in ether and apecoin . 62% was allocated to the ecosystem’s fund and given to BAYC and Mutant Ape Yacht Club NFT holders. However, at the time of this writing, the lion’s share of the liquidity seems to be on the Binance http://brite-gfs.ru/geresuo185.htm exchange and it’s centered in both APE/USDT and APE/BUSD pairs. As mentioned above, APE is already listed and trading on some of the major exchanges such as Binance, Coinbase, FTX, Huobi, KuCoin, Bybit, Kraken, and so forth. As explained above, governance is one of the main purposes behind APE as it allows holders to participate in the DAO.

• It facilitates the growth and development of the APE ecosystem in a fair and inclusive way.
• Earlier this week, it was announced that members of the Bored Ape Yacht Club NFT collection would be getting their very own cryptocurrency, ApeCoin.
• As the world increasingly moves online, newer technologies like blockchain and digital assets offer a way to re-engineer how we interact with the internet, with each other, and the world around us.

This is a small group that helps implement the decisions that the community has voted on. So, even at this high level, community voting is a critical part of the process. APE, the governance and utility token of the APE ecosystem, was built to support „what’s next“ while empowering the building of decentralised communities. As noted previously, APE is a governance token, allowing holders to participate in the future development of the protocol and the DAO. Owning ApeCoins grants the right to participate in the autonomous and decentralised ApeDAO organisation.

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The entirety of the next 14% were paid out to various launch contributors for helping bring the project to life. The final 8% tranche of ApeCoin was distributed to the quartet of founders behind Yuga Labs and BAYC. Ledger Nano cryptocurrency wallets have been built using highly durable materials for protection against physical damage. The Bored Ape Kennel Club NFTs were distributed to everyone who owned a Bored Ape Yacht Club NFT.

Unleashing the Power of ApeCoin: How One Cryptocurrency is Disrupting the Market

ApeCoin or $APE has evolved as a favorable token for commerce, culture, and gaming to empower the decentralized community. The utility of ApeCoin can help in empowering many web3 development projects effortlessly. APE token holders take governance decisions collectively, casting their votes and deciding on issues like allocation of funds, framing of rules, partnerships, project selection and more. The ApeCoin Foundation implements the governance decisions taken by the community. The ApeCoin ecosystem is made up of individual token holders, as well as a wide range of products and services that are using the cryptocurrency. Chief among its ecosystem members is Yuga Labs itself, which has adopted APE as the primary token for its projects.

ApeCoin in crypto revolves largely around improvements in the metaverse for event hosting and creation of digital products. The functionalities for serving as decentralized protocols can empower new innovations in the web3 landscape. Incentivization – Developers of new blockchain projects like games or metaverses can incorporate APE into their projects and participate in the Bored Ape ecosystem. Meanwhile, although BAYC creator Yuga Labs doesn’t control ApeCoin, its founders did receive a significant portion of the total supply of APE and the company is listed as a contributor to the project.

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An NFT collection tailored with specific airdrop and distribution mechanisms can obviously serve as a trustworthy alternative to other projects. ApeCoin APE has distributed around 150,000,000 tokens among the BAYC NFT holders. The BAYC NFT holders showed the necessary proof of eligibility for claiming around 10,950 APE. Interestingly, holders can sell or buy ApeCoin without any restrictions on a decentralized exchange, serving as a digital trading post for different cryptocurrencies.

By doing this, Yuga Labs expanded the access to the coin but also created a code exploit. Suffice to say, the end result was a shadow on the team’s competence for future projects. When ApeCoin first airdropped on April 30, mostly to existing BAYC NFT holders, it gained up to $40 value on some exchanges, only to drop by 80%. This is not surprising, as people count on an initial price boost to immediately sell it for huge profits.

Ledger Live App is a gateway to managing your assets, staking and earning passive income, checking your real-time balance, tracking transaction histories, and more. Whether you’re looking to keep your coins safe and HODL or manage them on a daily basis, Ledger has the right product for you. Secure your ApeCoin assets with the most trusted hardware wallet. Cold storage wallets are encrypted devices that store your ApeCoin assets offline, providing a layer of security against the evolving threats emerging from being connected to the internet.