ApeCoin

ApeCoin is a decentralized project inspired by Yuga Labs’ Bored Ape Yacht Club NFT project. ApeCoin is an ERC-20 governance token, allowing ApeCoin holders to participate in ApeCoin DAO. As the open-source protocol layer of the ecosystem, ApeCoin will also be used to access games, merchandise, events and services.

ApeCoin is the cryptocurrency of a new DAO (decentralized autonomous organization): ApeCoin DAO. It's the official token of the famous Bored Apes Yacht Club (BAYC) NFT collection. Yuga Labs, the company that owns BAYC, gifted ApeCoin DAO a 1/1 BAYC NFT that grants IP rights.

ApeCoin is not an NFT. It is a fungible ERC-20 (Ethereum blockchain-based) governance and utility token that gives owners a stake in ApeCoin DAO. ApeCoin holders become ApeCoin DAO members.

ApeCoin DAO members will get a say in decisions related to DAO finances, governance, and projects.

Decisions will be carried out by the Ape Foundation, a legal entity formed to steward the DAO. 

The Ape Foundation's board includes: Alexis Ohanian, (Reddit & 776 Fund), Amy Wu (FTX Ventures), Maaria Bajwa (Sound Ventures), & others.

Only 1 billion ApeCoins were minted, and this amount of supply is permanent. 8% were gifted to the individual BAYC founders, 14% to launch contributors, and 16% to Yuga Labs and the Jane Goodall Foundation. The rest goes to BAYC NFT holders and anyone who buys.

Apecoin.com (2022)
CoinDesk (2022)
TechCrunch (2022)
The Verge (2022)


News for ApeCoin Crypto (APE)