What is APE?

_{What is Ape coin (APE)?}

ApeCoin (APE) is a cryptocurrency created by Yuga Labs, the company behind popular NFT collection Bored Ape Yacht Club (BAYC).
ApeCoin aims to support the development of Web3, a decentralized internet format powered by blockchain technology.
Yuga Labs believes that APeCoin can create a more open, fair and accessible web for everyone. The ApeCoin ecosystem consists of a token called APE.
Which serves as both a regulatory token and a utility token. APE holders can participate in APeCoin DAO (Decentralized Autonomous Organization).
To vote on key issues and access digital goods and services within the ecosystem.

_{Founder/Date Founded:}

ApeCoin was developed by Yuga Labs, the company behind popular NFT collection Bored Ape Yacht Club (BAYC).
BAYC consists of more than 10,000 comic monkey-shaped NFTs. ApeCoin was created to provide additional benefits to BAYC NFT holders and expand the BAYC ecosystem.

_{Objective/Use Case:}

APE coin, or APEcoin, is a cryptocurrency coin created by the APeCoin DAO.
Serves as a centerpiece within the APE ecosystem, which includes the popular NFT collection Bored Ape Yacht Club (BAYC).
Mutant Ape Yacht Club (MAYC) and Bored Ape Kennel Club (BAKC) plus metaverse projects to watch
Like Otherdeed for Otherside, APE coins empower the wearer to make decisions.
By doing so, they can contribute to shaping the future of the APE ecosystem through voting mechanisms on key governance proposals.
APE coins are not just ordinary cryptocurrency coins, but serve as the key that drives the APE ecosystem to prosperity.
With a DAO regulatory mechanism, privileges for coin holders and the coin's role as an intermediary in the APE coin exchange.
PAVING THE WAY FOR A BOUNDLESS ECOSYSTEM, EMPOWERING COMMUNITIES, AND CREATING NEW OPPORTUNITIES
FOR ALL USERS, EMPOWERING THIS COMMUNITY.
Ensures that the APE ecosystem evolves in a direction consistent with the needs of real users.

_{Total supply/Limit or Unlimited:}

Only $1 billion in APEcoin has been created. This limited amount adds to the rarity of APEcoin.
This has a positive effect on the price in the long term, and those who hold ApeCoin will have the right to vote
on the direction in which APEcoin will go in the future.

_{Supply Deflation:}

The circulating supply of APE coins is not designed to increase in number, with the peak at $1 billion APE.
This means that no more new APE coins can be created after the first $1 billion distribution is completed.

_Source:

‍Coinmarketcap/Apecoin

Apecoin DAO

snapshot.org/#/apecoin.eth

Forum.apecoin

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