ApeCoin (APE) is a cryptocurrency launched in March 2022. It originated from the NFT project "Bored Ape Yacht Club", which has attracted global attention for its unique "Bored Ape" NFT image.
The main features and functions of APE coins include:
- Community governance: ApeCoin is owned and operated by ApeCoin DAO, and each token holder can vote on the governance and use of the ecosystem fund and participate in the community's decision-making.
- Ecosystem circulation currency: As part of the Yuga Labs ecosystem, it can be used to purchase related NFT products, participate in exclusive events, and trade in games, etc.
The value anchor of APE coins is relatively solid. On the one hand, it is closely related to the "Bored Ape" IP with a strong influence and fan base, and has community support and brand effect;
On the other hand, it has a wealth of application scenarios in the ecosystem, which gives it a certain practical value.
Yuga Labs revealed plans to apply APE coins to its metaverse project "Otherside", which brings APE coin holders the opportunity to participate in new fields.
The current price of APE is only about 0.7U, which is already the bottom. As the leader of NFT, I believe there will be a good market soon!
The above content is for information sharing only and does not constitute any investment advice! Investment is risky and you need to be cautious when entering the market!
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