Since its launch in April 2021, Bored Ape Yacht Club (BAYC) has become one of the most popular NFT collections. BAYC is well-known for having a vibrant and active community of supporters. Yuga Labs will receive 16 % of the supply, which they will be able to use to contribute to the development of the project. Moreover, a substantial part of this is also allocated to the Jane Goodall Legacy Foundation, which is helping animals in Africa.

what is apecoin

In fact, each holder of a BAYC NFT was able to claim over $100,000 worth of APE at launch. Cardano’s focus on sustainability, scalability, and positive impact aligns with its long-term potential for innovation and growth, making it a cryptocurrency of interest for strategic investors. A significant milestone in Cardano’s evolution was the Shelley upgrade in 2020, designed to enhance decentralization and prepare the network for hosting a multitude of assets. Its early presale performance and tokenomics make it a noteworthy contender for investors. With a low initial token price and a hard cap of just $1 million, the supply of $TGC tokens is relatively scarce, underlining its strong use case. Today, Dogecoin and ApeCoin stand out as three cryptocurrencies with a high risk but potentially huge reward.

Lastly, the total supply of ApeCoin is permanently fixed at about a billion tokens, all minted at once. In other words, crypto is a blockchain-based platform that is known to be decentralized to its very core. Being decentralized, the crypto world becomes more than capable of stepping outside the overall control and jurisdiction of central authorities and can work freely without any unnecessary government interferences as well. With Yuga Labs adopting ApeCoin as the fundamental token, the community expects more utilities to be added to the token in the future.

ApeCoin essentials

It is available on almost all reputable exchanges, including Binance, OKX, Bybit, and FTX. Thereafter, one should not substitute forecasts and analysts’ expectations for one’s investigation. Comparatively, DigitalCoinPrice echoed a bullish ApeCoin crypto price forecast, predicting that the token’s value will grow over the next few years.

All of these exchanges provide a secure platform to purchase Apecoin with either your bank account or credit card. The BAYC and MAYC collections distributed over $800 million in assets to their owners as part of the available 150 million tokens. Eventually, every BAYC owner received 10,094 tokens worth between $80,000 and $200,000. It is planned to grow even more decentralized over time and supports community-led governance. The Foundation handles day-to-day administration, bookkeeping, and project management, among other things. This represented one of the most valuable airdrops in crypto history at the time.

As the popularity of casino gambling grows, so do its inherent challenges. TG.Casino is an all-new online casino that addresses the everyday struggles of traditional casinos, including sluggish transaction times, high transaction costs, and indefinite fairness. After the initial 6-month term, DAO members will vote annually to keep
existing or appoint new Board members. ApeCoin token holders (the DAO members)
can also remove or replace a Board member at any time with a majority “In favor”
vote. In line with the standard practice, a portion of the tokens for contributors to
the project will be initially locked. Locked tokens will be unlocked over a
period of 48 months, in accordance with the predetermined unlock schedule in the
chart below, starting on launch day, March 17, 2022.

You can then review the order and click “Buy APE” to finalize your purchase. The company that developed BAYC, Yuga Labs, does not have ownership over ApeCoin; however, the company’s founders did acquire a sizeable share of the coin’s supply, and Yuga Labs is recognized as a contributor to the project. Alexis Ohanian, a co-founder of Reddit, Yat Siu, of the developer and venture capital firm Animoca Brands. And Amy Wu, an investor in FTX, is just one of the notable individuals who serve on The Ape Foundation Board. Their duty is to ensure that the decisions of the ApeDAO, which are made by those who own the APE token, are carried out as intended.

  • Coinlore provides independent cryptocurrency / coin prices calculated by its own algorithm, and other metrics such as markets, volumes, historical prices, charts, coin market caps, blockchain info, API, widgets, and more.
  • You can then review the order and click “Buy APE” to finalize your purchase.
  • For those interested in creating, distributing, and monetizing their own virtual reality content, Decentraland is a 3D platform that facilitates these activities.

10,000 mutant serums were airdropped to the original BAYC NFT holders, with three tiers of serums that added to the rarity of traits. With the different tiers of serum they received, BAYC holders could create different types of mutant Apes. Each BAYC can only generate a single mutant from a single serum type, and the serum disappears after use.

ApeCoin essentials

Of the total supply, 15% of tokens were made immediately available to the BAYC and MAYC NFT holders upon launch, and 47% of tokens went to the DAO treasury. A further 15% was distributed to Yuga Labs, and 14% was reserved for investors and contributors to the project. The four founders of Yuga Labs and the BAYC were given 8% of all APE tokens. Finally, 1% was donated to the Jane Goodall Legacy Foundation to aid in its efforts to promote conservation, educational programs, and research of environmental initiatives. In addition to its use in network governance, APE is meant to be used as a utility token—or currency—in web3 projects like games and metaverse worlds. With its clear token structure and robust demand anticipated following the exchange launch, TG.Casino appears poised to make significant strides in crypto gaming, projecting a promising future for investors.

Members of the ApeCoin community vote on how well the ApeCoin DAO Ecosystem Fund must be spent via the decentralized governance structure that manages the ApeCoin DAO. ApeCoin holders may trust the APE Foundation to manage any suggestions they’ve made. Throughout the next several years, the Tamadoge team will implement several different P2E ecosystems, as they are committed to constant growth and development. The platform plans to offer an AR Tamadoge app in 2023 with the same P2E characteristics as the web-based system. Despite being a recently introduced project, Wall Street Memes enticed many. The massive strength of the Wall Street Memes community comprises of more than 400,000 “degens” across various social media platforms, including a Twitter following of 250k and an Instagram following of 150k.

In the future, ApeCoin has the potential to revolutionize the way that digital assets are managed and traded. Coinlore provides independent cryptocurrency / coin prices calculated by its own algorithm, and other metrics such as markets, volumes, historical prices, charts, coin market caps, blockchain info, API, widgets, and more. We also gather additional information from different sources to ensure we cover all necessary data or events.

Additionally, TG Casino’s buyback mechanism and plans for regular token burns make it a deflationary asset, which can drive value growth. Therefore, choosing quality cryptocurrencies that can withstand bear markets and thrive in the long term is essential. This analysis explores five promising cryptocurrencies for investment and provides a detailed review of an upcoming presale coin worth considering. Both players and creators are on the same team, and neither can influence the game’s outcome.

ApeCoin is an ERC-20 token operating on the Ethereum blockchain that enables holders to gain access to a variety of products and services offered by the APE ecosystem and vote on the future direction of the Web3 project. To purchase APE coins on a P2P exchange, you first need to choose a marketplace that supports ApeCoin, sign up for the platform, and complete the verification process. Next, scroll through the available offers to buy ApeCoin for a payment method that works for you. These marketplaces typically use  escrow to enhance security, but it’s still advisable to only trade with users with high trust ratings. Investing in cryptocurrencies, decentralized finance (DeFi), and other initial coin offerings (ICOs) is highly risky and speculative, and the markets can be extremely volatile.