About ApeCoin ($APE)
ApeCoin is a cryptocurrency on the Ethereum (ETH) network. ApeCoin is the native cryptocurrency for the APE ecosystem, which includes the ApeCoin DAO and all services and products utilizing APE. Yuga Labs, the creator of the famous Bored Ape Yacht Club (BAYC) NFT collections, has adopted APE as the primary token for all new products and services.
The Bored Ape Yacht Club started in April 2021 and is comprised of thousands of individual ape NFTs. Each has its distinct facial expressions and clothing. The concept gained popularity as celebrities such as Jimmy Fallon, Justin Bieber, and Paris Hilton invested enormous money in the Bored Ape NFTs.
ApeCoin is intended to serve as the decentralized protocol layer for various community-led initiatives. The token is managed by the APE Foundation, which administers the decisions of the ApeCoin DAO (decentralized autonomous organization). The holders of ApeCoin are the only voters in the DAO, which the Foundation facilitates.
ApeCoin aims to fuel the growth of a decentralized web 3.0 community through governance, access, incentivization, and spending. Token holders can join the ApeCoin DAO to vote on community decisions, enjoy exclusive perks like special items and events, and use the coin as a utility token for various services. The ecosystem also encourages third-party developers to integrate ApeCoin into their projects, enhancing its utility and adoption. The live price of APE is available and updated in real-time on Binance.