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What is ApeCoin all about
Yuga Labs is a blockchain technology company known for creating popular NFT collections. Yuga Labs created some of the most prominent NFT names in the industry. These include the Bored Ape Yacht Club, Mutant Ape Yacht Club, and even bought the influential CryptoPunks. Yuga Labs is also creating the Otherside metaverse. In this metaverse, owners of Yuga Labs NFTs will be able to use them as their player characters.
ApeCoin (APE) is an ERC-20 token that powers the APE ecosystem. The maximum supply of APE is fixed at 1 billion tokens. The token is connected to the many Yuga Labs projects and has already seen several use cases. APE was launched in the form of an airdrop to the holders of BAYC and MAYC NFTs. For each BAYC NFT a user owned, they were eligible to receive 10,094 APE tokens. Similarly, MAYC owners were eligible to receive 2,042 APE tokens per NFT in their possession. These rewards would stack, which meant that holders of more than one NFT would receive APE tokens multiple times. Additionally, if a user owned a Bored Ape Kennel Club NFT together with a BAYC or MAYC NFT, their APE airdrop would increase slightly.
The APE ecosystem consists of all the projects that use APE, as well as the ApeCoin community. These include the previously mentioned NFT collections, including the Otherside metaverse. This project offers plots of land for future players in their marketplace. These plots could be purchased with the APE token. Outside of Yuga Labs products, other companies have also adopted the token. Most notably, Animoca Brand's Benji Bananas game. It adopted a play-to-earn profile, allowing players to earn tokens that are swappable to APE.
The community of ApeCoin is a self-governing DAO. It's an organization that decides on future projects, partnerships, rules, and funding. The APE DAO membership is available to all holders of the ApeCoin. DAO makes decisions in the form of voting, and the power of a user's vote is represented by the amount of APE they use in the process. After a vote passes, the APE foundation acts to incorporate the agreed proposal.
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APE Questions & Answers
Is ApeCoin expected to increase in value 1 month from now?
Using our short term price prediction, we estimate that ApeCoin's price will be between 0 and 0 in one month.
What will the price of ApeCoin be in half a year?
Predicting the future with any degree of accuracy is difficult, but based on our price prediction algorithm we expect that ApeCoin's cost will be between 0 and 0 in half a year.
What will ApeCoin cost in 3 months?
According to our prediction we expect the value of ApeCoin will be anywhere between 0 and 0 in 3 months time.
What was the highest ever price of ApeCoin?
ApeCoin was the most expensive on 2022-04-28, at 25.43 Euro.
What is the ApeCoin price today?
Today, the price of ApeCoin is at 5.65 EUR.
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