Market Data & Token Stats
| Fully Diluted Valuation | $115.30M |
|---|---|
| 24H Trading Volume | $45.65M |
| 24H Low / High | $0.1002 / $0.1155 |
| Circulating Supply | 1.00B |
| Total Supply | 1.00B |
| Max Supply | 1.00B |
Key Project Information
| Categories | Governance 11 more |
|---|---|
| Founder | Yuga Labs' Bored Ape Yacht Club |
| Website | apechain.com |
| Socials |
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| Name | Pair | OG Score |
|---|
About ApeCoin
In the dynamic realm of Web3, ApeCoin (APE) emerges as a beacon of decentralized governance and utility within the APE Ecosystem. Launched on March 17, 2022, ApeCoin (APE) is an ERC-20 token operating on the Ethereum blockchain, secured by its robust proof-of-work consensus mechanism.
The Foundation of ApeCoin (APE)
ApeCoin (APE), a brainchild inspired by Yuga Labs' Bored Ape Yacht Club project, operates as the governance token of the APE Ecosystem. Its decentralized nature empowers a global community, allowing token holders to actively participate in the ApeCoin (APE) DAO. The DAO serves as the driving force behind community-led initiatives and its decisions are implemented by the APE Foundation.
Unique Features and Utility
ApeCoin (APE)'s uniqueness lies in its multifaceted utility. Not only does it grant governance rights, but it also unifies spending within the ecosystem. ApeCoin (APE) holders enjoy exclusive access to events, services, games and merchandise. Moreover, the token serves as a powerful incentive for third-party developers seeking to contribute to the APE ecosystem by incorporating ApeCoin (APE) into their projects.
Tokenomics and Distribution
With a total fixed supply of 1 billion tokens, ApeCoin (APE)'s initial circulation was set at 30.25% during launch, gradually increasing over a 48-month period. A significant portion, 62%, was allocated to the APE Ecosystem Fund, empowering the community to decide on its usage through the ApeCoin (APE) DAO.
The APE Foundation and DAO
The APE Foundation, acting as the steward of ApeCoin (APE), provides the base layer for ApeCoin (APE) DAO members. It facilitates decentralized governance, becoming more decentralized over time. The foundation oversees day-to-day operations, bookkeeping, project management and ensures the community's ideas find support. ApeCoin (APE) DAO, critical to managing a globally dispersed community, is open to all ApeCoin (APE) holders, enabling them to participate in vital decisions.
The Board and Special Council
A specialized council within the APE Foundation, known as the Board, ensures the implementation of ApeCoin (APE) DAO's intentions. Conducting administrative reviews and safeguarding the treasury, the Board serves as a primary liaison with the community, overseeing foundation administrators and service providers.
ApeCoin (APE) in Action
As the open-source protocol layer of the APE ecosystem, ApeCoin (APE) fuels governance, unifies spending, provides access to exclusive features and serves as an incentive for developers. ApeCoin (APE) holders not only shape the ecosystem's direction but also enjoy the perks of a shared and open currency.
ApeCoin (APE)'s Impact
ApeCoin (APE)'s launch in March 2022 marked the beginning of its journey. With 62% allocated to the APE Ecosystem Fund, the token aims to power community-led initiatives, echoing the vision of Yuga Labs. APE, a decentralized and community-owned cryptocurrency, aspires to drive cultural evolution across art, gaming, entertainment and events in the ever-expanding metaverse.
In summary, ApeCoin (APE) stands as a testament to the transformative potential of decentralized governance and utility tokens in the Web3 landscape. With a fixed supply, innovative features and an inclusive community-driven approach, ApeCoin (APE) paves the way for a future where the power to shape the digital landscape lies in the hands of the community.
What is unique about ApeCoin (APE)?
ApeCoin (APE) distinguishes itself through decentralized governance, offering multifaceted utility within the APE Ecosystem. As the governance token, it empowers global communities and provides exclusive access to events, services and games, setting it apart in the Web3 landscape.
Who are the founders of ApeCoin (APE)?
ApeCoin (APE) is a decentralized project inspired by Yuga Labs' Bored Ape Yacht Club. The APE Foundation administers the project, with its decentralized nature embodying the vision of community-led initiatives and inclusivity in the Web3 revolution.
Who are the backers/investors of ApeCoin (APE)?
The APE ecosystem is community-driven and ApeCoin (APE)'s backing comes from its vibrant community of token holders who actively participate in the ApeCoin (APE) DAO. The decentralized governance framework ensures decisions are made collectively, fostering a sense of ownership and involvement.
Where can I buy ApeCoin (APE)?
You can buy ApeCoin (APE) on Binance, Bybit, CoinbaseOKXGate.io cryptocurrency exchanges.
Information in this section carefully collected and curated from publicly available data from official sources, including the ApeCoin Official Website and ApeCoin X (Twitter) Account.
The information presented on this page is created and published by the OGAudit Editorial Team for educational and informational purposes. It should NOT be construed as an endorsement, or as legal, or investment advice. If you believe any content on this page is outdated or incorrect, please feel free to contact us for updates and corrections.
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