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:
Introducing ApeCoin ($APE), a token of culture, gaming and commerce used to enable the building of a decentralized community at the forefront of web3. 🧵
—ApeCoin (apecoin) March 16, 2022
“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
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