APEcoin will unlock 15,600,000 APE tokens on June 17th, constituting approximately 1.95% of the currently circulating supply.
ApeCoin (APE) unlocks are set to release 15,600,000 tokens on June 17th, which amounts to about 1.95% of the current circulating supply.
APE is an ERC-20 governance and utility token for the APE ecosystem, a decentralized protocol layer for community building in Web 3.0. ApeCoin is the primary token for new products and services by Yuga Labs, creators of the Bored Ape Yacht Club (BAYC) NFT collections and rights holders to CryptoPunks and Meebits.
The ApeCoin DAO is a decentralized autonomous organization that enables APE token holders to make governance decisions, such as fund allocation proposals and partnership proposals, which are then executed by the APE Foundation, the DAO’s legal caretaker, as per the governance decisions voted on by DAO members.
The APE token is the participatory key to the ApeCoin DAO and provides access to unique APE ecosystem experiences, including exclusive games, merchandise, and events. Third-party developers can also integrate the APE token into their platforms to create community experiences and ecosystem tokens.
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