Appearing in the Bored Ape Yacht Club (BAYC) ecosystem, APE is the native coin of the most popular NFT collection on Ethereum Blockchain. It is an APE utility and governance token based on ERC-20.
A utility token, it can be used to acquire products and services.
The Coin may act as a gate token, allowing entry to certain parts of the ecosystem, including games and events.
APE has given away 150,000,000 BAYC NFT tokens. Owners of APE NFTs can claim 10,950 APE.
A decentralized exchange is a form of digital trading post for cryptocurrencies.
An APE is currently worth around $13.37 after just one day of trade.
The entire token supply is one billion. Following are the categories of overall supply.
The airdrop distribution depends on whether the NFT is paired with a Bored Ape Kennel Club NFT.
The ecosystem fund airdropped 150 million BAYC-related NFTs to holders.
Bored Ape NFT = 10094, Mutant Ape = 2042, Bored Ape + Kennel Club = 10950, Mutant Ape + Kennel Club = 2898.
These 470 million tokens will be distributed over 48 months, with 117,500,000 released immediately and 7,343,750 released monthly.
Moreover, the supply is fixed at 1 billion tokens, and there is no way to manufacture more using the contract interface.
APE airdropped 150,000,000 BAYC NFT tokens to BAYC NFT holders. Owners of APE NFTs can earn 10,950 APE, or 15% of the total marked.
Each collection of NFTs has a different floor price, allowing for an equitable launch of ApeCoin for BAYC and MAYC NFT holders.
It is 90 days for BAYC and MAYC.
Unclaimed tokens will go to the Ecosystem Fund.
The APE Foundation manages ApeCoin. It is the foundation upon which ApeCoin DAO holders can grow.
Aiming to become even more decentralized, the Foundation encourages decentralized community-led governance.
It is in charge of daily operations, bookkeeping, project management, and other activities that help make the ApeCoin DAO community's ideas a reality.
The APE Foundation's objective is to promote a fair and inclusive APE ecosystem growth.
It pays its bills as instructed by the ApeCoin DAO and allows ApeCoin holders to participate in open and permissionless governance processes.
Decentralized governance is necessary for developing and maintaining a globally distributed community, hence ApeCoin DAO.
The ApeCoin DAO is open to all ApeCoin holders. Through the APE Improvement Proposal Process, ApeCoin DAO members can decide on Ecosystem Fund allocations, governance rules, initiatives, collaborations, and more.
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