APE coin comment… APE coin review 2022… ApeCoin (APE) is the management token of the Bored Ape Yacht Club (BAYC) – Yuga Labs’ flagship collection of immutable tokens (NFT). After the over-the-air distribution of APE tokens to BAYC NFT holders, the price of ApeCoin fluctuated significantly. APE coin comment…
APE coin comment 2022
APE coin comment… APE coin review 2022… Bored Ape Yacht Club (BAYC) is perhaps the most widely accepted nonfungible token (NFT) collection in existence. This fantastic collection of monkeys has received a lot of attention from mainstream media outlets due to the high price tags attached to the pioneering NFT collection. ApeCoin (APE) is the utility and governance token of the APE ecosystem. APE coin comment….
This includes other NFT collections such as the Mutant Ape Yacht Club (MAYC) and the Bored Ape Kennel Club (BAKC). Additionally, ApeCoin will promote the development and expansion of the APE product offering. ApeCoin’s price action has attracted a lot of attention from investors in recent weeks. This makes it one of the most talked about altcoin projects of spring.
APE coin comment… In this article, we will dive deep into ApeCoin (APE), the primary unit of account and medium of exchange for members of the Bored Ape Yacht Club (BAYC). We will also discuss one of the most groundbreaking NFT projects in existence. We will also explore the recent ApeCoin price action. We will also look at some use cases for ApeCoin and how it benefits the wider APE community. APE coin comment…
The maximum supply of the APE token is one billion and at the time of writing it has a circulating supply of 227.5 million. According to CoinGecko, the ApeCoin price reached an all-time high of $17.17 on March 18, 2022. ApeCoin price has increased more than 100% from its all-time low of $6.21 just a day ago. At the time of writing, ApeCoin is trading around $12.21 with a market cap of 3.3 billion. APE coin comment…
APE coin comment… However, several media outlets are reporting that the price of ApeCoin is significantly higher on many centralized exchanges. APE coin review 2022… Some reports suggest that the price of ApeCoin has surpassed $200, while other reports show an all-time high of $40 a few minutes after the airdrop. However, the only significant trading volume on any centralized exchange during the airdrop minutes was on Binance.
Binance has recorded an all-time high of around $28 for ApeCoin (APE). However, there is a possibility that few, if any, traders will be able to take advantage of the short-lived increase in ApeCoin price within minutes of listing on Binance. This is partly due to the high gas price for minting APE tokens and the short window of opportunity available to transfer and sell them on Binance.
The Bored Ape Yacht Club (BAYC) has been a catalyst for a wave of NFT and crypto adoption. The ApeCoin project aims to lead the APE community to the Web3 world by providing a common exchange unit for the wider APE ecosystem. BAYC NFTs, one of the most successful and prominent NFT projects, has seen incredible price movements in recent months. An Airdrop ApeCoin (APE) token was awarded to BAYC holders to thank them for their commitment to the APE ecosystem. ApeCoin’s price action has caused quite a frenzy for speculators in recent weeks. In the future, we can expect to see the APE token play an important role in promoting third-party development throughout the APE ecosystem.
APE coin review 2022… The Bored Ape Yacht Club NFT collection reimagines modern art. The NFT asset class is attracting a wave of crypto enthusiasts. Accordingly, ApeCoin aims to capitalize on this trend and provide a financial tool to help expand the community. Additionally, the APE ecosystem provides a set of tools and services to assist NFT developers in creating exciting new offerings under the APE umbrella.
What is APE coin?
ApeCoin (APE) is the service and management token of the APE ecosystem economy. In addition, APE is a decentralized protocol layer and an ERC-20 token aimed at empowering the APE community. Holders can vote on proposals to make changes to the ApeCoin ecosystem through the ApeCoin DAO (decentralized autonomous organization).
APE coin review 2022… In addition, APE holders can access exclusive benefits including games and special events. In addition, APE will be the primary unit of account and medium of exchange for all products and services in the APE ecosystem. This includes Yuga Labs, creator of the Bored Ape Yacht Club (BAYC) NFT series and intellectual property rights holder of the CryptoPunks NFT brand.
ApeCoin has a fixed supply of one billion coins. No additional tokens can be minted after this limit is met. Also, the “token burn” model is something ApeCoin will not use. Accordingly, the supply of APE will not decrease.
The ApeCoin allocation will see 62% of the APE tokens distributed to the ecosystem fund. APE coin review 2022… Airdrop of 150 million APE tokens of this amount to BAYC and MAYC NFT holders. All these tokens became available right after ApeCoin launch.
APE coin comment…. In addition, 470 million tokens were allocated to the ApeCoin DAO treasury. Of these tokens, 117.5 million were immediately available, with 7.3 million monthly distributions after that.
Also, Yuga Labs, the company behind BAYC and ApeCoin, takes 16% of the total APE token supply. The company will receive 150 million coins for 36 months after the initial lockdown of 36 months. In addition, Yuga Labs has pledged a ten million token donation from this allocation to the Jane Goodall Legacy Foundation charity.
Contributors to the project receive an allocation of 14% of the issued APE token supply for various durations. A total of 140 million APE token allocations will be reimbursed to contributors who helped launch the ApeCoin project. In addition, an allocation of 8% is given to the founding members. This includes 80 million APE tokens with an initial lock-in period of twelve months.
APE coin comment…. ApeCoin DAO (decentralized autonomous organization) is the governing body of the APE ecosystem. It enables the APE community to shape the future direction of the ecosystem. All APE token holders can participate in protocol management through the ApeCoin DAO. In addition, the DAO is responsible for allocating funds to ecosystem projects, selecting partnerships and establishing governance rules.
APE coin comment 2022… When the community wants to implement a change in the ecosystem, it must vote on the proposals to do so. Latest offers include betting features and ecosystem fund allocation. At the time of writing, ApeCoin DAO has around 3,100 members
What is BAYC coin?
APE coin comment…. Launched in April 2021, the Bored Ape Yacht Club (BAYC) is perhaps the most widely recognized non-tradable token (NFT) collection. Also, BAYC has one of the highest profile followers of any NFT project that A-list celebrities and influencers rush to join the club. The BAYC collection consists of 10,000 unique “Bored Ape” NFTs that live as ERC-721 NFTs on the Ethereum blockchain. Each BAYC NFT is also used as a club membership card. This gives holders access to members-only benefits and benefits.
In addition, BAYC uses a fair and equitable distribution model. During the initial sale, each BAYC NFT cost 0.08 ETH and there was no price tier. From the 10,000 Bored Ape NFT, the team has reserved 30 for community giveaways and competitions. Investors can find the most prominent secondary market for BAYC NFTs in the OpenSea NFT market.
APE coin comment… Each Bored Ape NFT has unique features from over 170 possible features. This includes facial expressions, clothing, accessories and more. APE coin review 2022… While the full utility of BAYC NFTs is still unclear, the BAYC team insists these NFTs will “open digital doors” for their holders. The most expensive Bored Ape NFT in existence is the Bored Ape #2087. This NFT was sold for 769 ETH, worth approximately $2.3 million at the time of the acquisition.
What is the APE coin project?
APE coin comment…. ApeCoin’s APE Foundation serves as the legal representative of ApeCoin DAO. The foundation is responsible for overseeing the growth of the APE ecosystem. ApeCoin has a council known as the “board” within the APE Foundation. The board is made up of five high-profile tech bosses, including Reddit co-founder Alexis Ohanian, Animoca Brands’ Yat Siu, and Horizen Labs’ Dean Steinbeck. In addition, the board ensures that the implementation of community proposals is done fairly and transparently. Members serve on the board of directors for a period of six months. Each year, members can vote for new board members.
The APE ecosystem includes the ApeCoin community and every product and service that uses the APE token. One of the key names in the ecosystem is Yuga Labs, the Web3 company responsible for creating the Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) NFTs. Also, Yuga Labs is a member of ApeCoin DAO. BAYC and MAYC NFT holders received 15% (150 million coins) of the total ApeCoin supply. APE coin comment…
APE coin review 2022… Bored Ape Yacht Club (BAYC) is the flagship NFT series of the APE ecosystem. It consists of 10,000 unique monkey images, each with a separate aesthetic and rarity score. Following the success of BAYC, Yuga Labs has released up to 20,000 mutant alternatives to the original Bored Ape collection. Each mutation is facilitated by a “serum” with three layers.
APE coin comment…. Each original BAYC NFT owner received a serum that allowed them to create variations of the original monkeys. Each serum grants individual rarity points and traits. Also, serums fade after use. Along with the allocation of 10,000 MAYC serums, 10,000 additional serums are available for public sale to expand the APE community.
https://www.youtube.com/watch?v=Zi-7MqpbV4o
Also, Yuga Labs has released the Bored Ape Kennel Club (BAKC) NFT collection. The BAKC series is a collection of 10,000 unique dog NFTs available for “adoption” to BAYC members. APE coin review 2022… Also BAKC NFTs were free. Members only had to pay gas fees to use these NFTs.
