ApeCoin

What is ApeCoin (APE)?

ApeCoin is a people-driven, decentralized cryptocurrency designed to power the growth and development of its ecosystem. It is closely associated with the Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) NFTs, which are in high demand in the NFT market. ApeCoin is used for the governance and unlocking of exclusive features in the ecosystem.

What Problem Does ApeCoin (APE) Solve?

ApeCoin addresses:

• Governance: Empowers community-based decisions in the ecosystem.
• Utility: Provides access to certain features, functions, and services on the ApeCoin platform.
• Incentives: Rewards community members for participation and contribution.

Why Does the Crypto Market Need ApeCoin (APE)?

ApeCoin benefits the crypto market by:

• Community Engagement: Encourages active participation and contribution from community members.
• Added Utility: Contributes to various use cases within NFT and DeFi functionalities.
• Governance: Allows token holders to have a say in the future direction of the project.

History & Achievements

ApeCoin aims to create a decentralized ecosystem around the BAYC and MAYC NFTs. It is noted for having one of the biggest presales in terms of community involvement, strategic partnerships, and protocol utilities.

Who Created ApeCoin (APE)?

ApeCoin was developed by the community-run ApeCoin DAO, which governs the Ape ecosystem. The project is supported by Yuga Labs, the creators of BAYC and MAYC NFTs.

What Kind of Tech is Behind ApeCoin (APE), How Does it Work?

ApeCoin uses:

• Ethereum Blockchain: For decentralized operations and security.
• Smart Contracts: To automate processes within the ApeCoin ecosystem.
• DAO Governance: Allows token holders to propose and vote on changes to the protocol.

ApeCoin (APE) Price Factors

Factors influencing APE price:

• Market Sentiment: News and developments.
• Community Activity: Engagement and participation levels.
• NFT Market Trends: Popularity and demand for BAYC and MAYC NFTs.
• Regulatory Changes: Cryptocurrency regulations.

How Many APE Coins Are There in Circulation?

There are currently approximately 674,644,886 APE tokens in circulation out of a total supply of 1,000,000,000 tokens.

What is the Maximum Supply of ApeCoin (APE)?

The maximum supply of APE tokens is capped at 1,000,000,000 tokens.

What is ApeCoin (APE) Utility?

APE tokens are used for:

• Transaction Fees: Within the ApeCoin system.
• Staking: To earn rewards and participate in governance.
• Governance: Voting on protocol changes and upgrades.
• Access: Unlocking exclusive features, events, and services.

ApeCoin (APE) Tokenomics

ApeCoin’s tokenomics include:

• Staking and Rewards: Incentives for APE holders.
• Incentives: Rewards for user participation.
• Supply Cap: 1,000,000,000 tokens.

What is the All-Time High and All-Time Low for ApeCoin (APE)?

• All-Time High: $26.70
• All-Time Low: $0.6656

Where to Buy ApeCoin (APE)?

APE tokens can be purchased on various major cryptocurrency exchanges, including:

• Binance
• Coinbase
• Kraken
• Gemini
• FTX

Who Invested in ApeCoin (APE) at an Early Stage?

Details on early-stage investors in ApeCoin are limited. The project has attracted significant interest from the NFT and cryptocurrency communities.

What Are the Revenue Streams of ApeCoin (APE)?

ApeCoin’s revenue streams include:

• Transaction Fees: From transactions within the ApeCoin network.
• Staking Rewards: From staking APE tokens.
• Exclusive Features and Events: Revenue from access to exclusive features and events within the ecosystem.