Let's talk about the leader in the NFT track - APE:
ApeCoin (APE) is a cryptocurrency closely associated with Yuga Labs and its NFT project Bored Ape Yacht Club (BAYC). It is issued and managed by ApeCoin DAO to support and incentivize the development of the Ape ecosystem. The total supply of APE coins is fixed at 1 billion and will not be increased.
The main uses of APE coins include as governance tokens, payment tokens, and conditions for participating in specific activities. It is also a utility token for Yuga Labs' NFT series, including BAYC, MAYC, BAKC, etc. The price and market value of APE coins have experienced fluctuations, reaching an all-time high in March 2022, but then fell sharply.
The circulating supply of APE coins is approximately 605 million, accounting for 60.49% of the total supply. The APE coin ecosystem includes multiple NFT projects and metaverse projects, such as Otherside, a metaverse project launched by Yuga Labs, Animoca Brands and BAYC. ApeCoin DAO is a decentralized autonomous organization. All APE holders are members of the DAO and have the right to vote on issues related to the ecosystem.
The ApeCoin Foundation is the legal representative of the DAO, assists in the implementation of decisions adopted by the DAO, and is committed to the overall development of the ecosystem. The future of APE coins is closely related to the success of the Ape ecosystem, and its price is affected by a variety of factors, including the interest of the NFT market, the development of metaverse projects, and other market dynamics.
The above content is for information sharing only and does not constitute any investment advice! Investment is risky and you should be cautious when entering the market!
