Everything you need to know about $APE coin
ApeCoin is issued by ApeDAO — a community for culture, gaming and commerce. Tokens are ERC-20. They allow holders to participate in governance, act as a currency for holders to buy / sell, and provide access to exclusive games, merch, events, and services.
What do the tokenomics look like?
There are a 1 billion tokens. This is fixed and additional tokens cannot be issued. The tokens distributed as follows:
% of total
BAYC / MAYC owners
Contributors / Team
Bored Ape Kennel Club members are not eligible for tokens unless they also hold a BAYC or MAYC. This is because the NFT collection is considered a derivative. Public tokens will be issued in batches. 117.5m unlocked at launch, then 7.3m unlocked per month for 48 months
What should I do?
If you hold a BAYC or MAYC, check out their website. You will have some $APE coin dropped to you. If you don’t own BAYC or MAYC, you can buy $APE coin on exchanges. Price has fallen significantly in the last few hours.
Before buying, worth asking the following:
- Will you participate in the DAO?
- Are you buying the coin because of access, to make money or both?
- If money is a key part, why do you believe the price will go up?