ApeCoin (APE)

Last Updated: 02/05/2022

What is ApeCoin (APE)?

APE ecosystem implements an ERC-20 ApeCoin (APE) as their governance and utility token, to help build a decentralized web3 community. As the open-source protocol layer of the ecosystem, ApeCoin is Multifunction:

Governance: ApeCoin allows holders of the token to vote on future decisions in the DAO community.
Utility: ApeCoin is a token that serves as in-game currency for Animoca Brands’ Benji Bananas.
Access: Gives access to certain parts of the ecosystem otherwise unavailable, like unique games, merch, events, and services.
Incentivization: ApeCoin creates an opportunity for third-party developers to engage in the ecosystem by incorporating APE into services, games, and other projects.

DAOs Board

APE Foundation provides, at the behest of the ApeCoin DAO members, oversight of the Foundation administrators. The goal of the Board is to manage DAO proposals and fulfil the vision of the community. It meets on proposals requiring administrative review under ApeCoin DAO rules. The initial Board serves a term of six months, after which DAO members will vote annually on-Board members.

•   Alexis Ohanian - Co-founder of Reddit; General Partner & Founder of Seven Seven Six
•   Amy Wu - Head of Ventures & Gaming at FTX
•   Maaria Bajwa - Principal at Sound Ventures
•   Yat Siu - Co-founder & Chairman of Animoca Brands
•   Dean Steinbeck - President & General Counsel at Horizen Labs

Roadmap

Mainly, ApeCoin will be used as currency and rewards for the new NFT project‘s ecosystems, including the NFT project of Yuga Labs, which has top-tier partners like CryptoPunks and Meebits. The famous gaming company Anomica has also chosen ApeCoin for its upcoming NFT game, Benji Bananas.

In addition, a specific number of ApeCoins have been locked, signifying the efforts of the APE creators to find new ways to raise the value of the coin in the future.

Also, ApeCoins might be an amazing deal for long term investors in the future, as many crypto experts currently believe that ApeCoin will soon be stakable and reward holders with incentives.

Where to Store ApeCoin (APE)

ApeCoin (APE) tokens are built on the Ethereum network and can be stored in any wallet compatible with Ethereum-based ERC-20 tokens.

An option to keep your ApeCoin (APE) secure and offline can include the leading hardware wallet providers Ledger. All ERC-20 tokens including ApeCoin (APE) can be stored on the Ethereum blockchain using MyEtherWallet, allowing users to interact with the network without additional software.

An alternative wallet provider for ApeCoin (APE) token holders can be Trust Wallet – a multi-currency mobile wallet that enables users to simultaneously store a variety of digital assets in one place. Popular among traders and gamers, the beginner friendly mobile wallet may be appropriate for users looking for a convenience and accessible app, with trusted security and backup options.

Similarly, a user-friendly option to keep your $APE secure can include MetaMask, a leading browser wallet extension popular amongst DeFi platforms and highly praised by developers. Users can integrate with the network’s Liquidity Mining pools by connecting your MetaMask wallet.

Always conduct your due diligence and research into any wallet provider you consider.

Where to Buy and Sell ApeCoin (APE)

You can Buy & Sell ApeCoins (APE) by heading over to the Buy Coins page of our website. ApeCoins (APE) is available on BC Bitcoin trading against major fiat currencies: GBP and EUR. Buying ApeCoin has never been easier, simply place your order and provide your wallet address.

Once your payment arrives ApeCoin will be sent directly to your wallet. If you choose to Sell ApeCoins (APE) you can send us the coins and receive a payment to your bank account. Details and valuation can be found on the Sell Coins page.

ApeCoin (APE) Resources

Website: https://apecoin.com/

Block Explorer: https://etherscan.io/token/0x4d224452801aced8b2f0aebe155379bb5d594381

Twitter: https://twitter.com/apecoin

Disclaimer: The information provided in this article is intended for informational purposes only. It is the readers responsibility to complete their own research and due diligence.