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ApeCoin, or APE, is an Ethereum-based cryptocurrency token designed with the intention of bringing new utility to the popular Bored Ape Yacht Club (BAYC) NFT collection. Originally launched by Yuga Labs, the BAYC project has enjoyed incredible success and has now become one of the most sought-after NFT projects within the industry. Subsequent NFT collections, including Mutant Bored Ape Yacht Club, have enjoyed equal levels of success. The addition of a native APE token has been designed to decentralise the project’s decision-making and further expand the BAYC ecosystem.
According to the ApeCoin website, the initial goal of the cryptocurrency is to back the creation of an ApeCoin decentralised autonomous organisation (DAO). The ApeDAO will allow Bored Ape NFT holders to vote on the project’s development direction and will also help to facilitate collaboration between community developers while maintaining a transparent governance structure.
Although ApeCoin functionally acts as part of the Bored Ape Yacht Club NFT world, it has officially been released by the separate ApeCoin DAO entity and not by Yuga Labs. The new ApeCoin DAO is backed by the APE Foundation board, which is set to act on behalf of all ApeCoin holders. Alongside implementing proposals and ecosystem changes, the APE Foundation is also charged with running daily operations for the DAO, including finances, project development and communication. All members of the board are voted for by ApeCoin holders.
In addition to governance rights, APE token holders can access exclusive passes to Bored Ape Yacht Club games and can also become eligible third-party developers within the wider ecosystem.
ApeCoin (APE) is the 40th largest cryptocurrency in the world by market cap, valued at $1,539,202,278. The current price of ApeCoin is $4.17, which is 0.439% higher than yesterday. Prices have ranged between $4.21 and $3.95 over the past 24 hours. All prices are listed in US dollars and accurate as of March 26, 2023 04:03 UTC.
| Coin symbol | APE |
|---|---|
| Coin Marketcap | US$1,539,202,278 |
| Total APE supply | 1,000,000,000 |
| Circulating APE | 368,593,750 |
| Current price | US$4.17 |
| All time high | US$26.70 |
| Notable team members | Alexis Ohanian, Amy Wu, Maaria Bajwa, Yat Siu, Dean Steinbeck |
| Partnerships | Bored Ape NFT |
| Industry | Gaming, NFTs |
| Token uses | Utility token, rewards |
| Network | Ethereum |
Historical prices compared with the price of US$4.17.
| 1 hour | 0.37% |
|---|---|
| 24 hours | 0.44% |
| 7 days | -2.41% |
| 14 days | 10.28% |
| 30 days | -23.57% |
|---|---|
| 60 days | -23.33% |
| 200 days | -3.36% |
| 1 year | -66.33% |
Disclaimer: Cryptocurrencies, including ApeCoin, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of APE is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the ApeCoin or any other cryptocurrency discussed.
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