Launch of ApeCoin (APE), the cryptocurrency for Bored Ape Yachting Club

Landing ApeCoin (APE) for Bored Ape Yacht Club fans

We explained it to you yesterday. Launch of ApeCoin It accompanies the arrival of Yuga Labs, the company behind BAYC, in the metaverse. Token availability was announced yesterday.

ApeCoin’s goal is clear: to become a cryptocurrency which will support the entire ecosystem architecture who develops. Anyway, this is what the project team explained:

Code For culture, video games and commercewhich will enable the decentralized community that builds the latest elements of Web 3.0.»

We note that the focus is on decentralization: the launch of this cryptocurrency It was managed by ApeCoin DAOnot by Yuga Labs.

👉 Learn More – Defining and Operating NFTs

How is ApeCoin distributed?

We also learn that the cryptocurrency will be mainly distributed to the community, Who will get 62% of the offer. 15% of this amount will be saved tomorrow via airdrop. To take advantage of it, you must have a boring monkey (or a mutant monkey).

9.75% of tokens It will be maintained by Yuga Labs, 14% will be distributed to the shareholders who participated in the launch of the project, 8% will go to the pockets of the four founders, and 6.25% will be sent to the Jane Goodall Legacy Foundation. This is an environmental protection charity associated with a specialist in great apes.

👉 For Reading – Decentralization and Distribution of Cryptocurrencies

BAYC’s excessive ambition

Many big investors Posted in DAO. It features Reddit co-founder and infamous cryptographer Alexis Ohanian, as well as Amy Wu, director of games at FTX. Also on the call, we find Yat Siu, co-founder of studio Animoca Brands.

Brand Bored Ape Shows excessive ambition. Nevertheless, it has reason to be confident: its NFTs regularly appear at the top of the rankings of the most popular non-exchangeable tokens, and are still currently being picked up by gold prices.

👉 For reading on the same topic – Bored Apes NFT group creators launched into the metaverse


Newsletter 🍞

Get your cryptocurrency news feed every Sunday 👌 and that’s it.

What you need to know about affiliate links. This page displays the assets, products, or services related to investments. Some links in this article are affiliated. This means that if you buy a product or register on a site from this article, our partner pays us a commission. This allows us to continue to provide you with original and useful content. There is no effect on you and you can even get rewarded by using our links.

Investing in cryptocurrency is risky. Cryptoast is not responsible for the quality of the products or services offered on this page and cannot be held responsible, directly or indirectly, for any damage or loss resulting from the use of a good or service mentioned in this article. Investments related to crypto assets are of a risky nature and readers should do their own research before taking any action and invest only within their financial capabilities. This article does not constitute investment advice.

About the author: Navy Debelloir

Twitter- soothsayerdataTwitter- soothsayerdata

Cryptoast Deputy Editor, I fell for the crypto destiny a few years ago. I am excited about the innovative technologies that stem from blockchain and would like to find the most fragile information to share with you.
All items are from Marine Debelloir.

Leave a Comment