ApeCoin (APE) is an ERC-20 governance and utility token underpinning the APE ecosystem, a decentralized protocol layer propelling community building in Web 3.0.
APEcoin will unlock 15,600,000 APE on December 17th. This constitutes approximately 2.16% of the currently circulating supply, according to ApeCoin Info.
ApeCoin (APE) is an ERC-20 governance and utility token that underpins the APE ecosystem. The APE ecosystem is a decentralized protocol layer that aims to propel community building in Web 3.0. Yuga Labs, the creator of the prominent Bored Ape Yacht Club (BAYC) NFT collections and the rights holder to CryptoPunks and Meebits, has integrated APE as the primary token for its new products and services.
The ApeCoin DAO, a decentralized autonomous organization, enables APE token holders to execute governance decisions, ranging from fund allocations to establishing partnerships. Upon voting by the DAO members, the APE Foundation, the legal caretaker of the DAO, actualizes these governance decisions.
The APE token serves as the participatory key to the ApeCoin DAO, granting access to unique APE ecosystem features such as exclusive games, merchandise, and events. Furthermore, third-party developers can integrate the APE token into their platforms as incentives.
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