ApeCoin (APE)

ApeCoin is currently trading at $4.8118, after a price change of -3.39% in the last 24 hours.

Ranked as cryptocurrency #7975 by capitalization today, APE market cap is valued at $0.00000000. APE trading volume reached $0.00000000 in the last 24 hours. We track cryptocurrency data live in real-time. Make your own forecast on APE coin price prediction page.

What is ApeCoin?

ApeCoin is an ERC20 token on the Ethereum blockchain built for the APE ecosystem. The ecosystem is a decentralized protocol for community initiatives on Web3. APE Foundation serves as the steward for ApeCoin. It is the base layer for decentralization and governance. The foundation deploys the ecosystem funds from the multisig wallet as per the directive of ApeCoin DAO. 

There are currently 277,500,000 APE tokens in circulation from a total supply of 1 billion and a matching hard cap. The supply is fixed at 1 billion with no minting or burning capability at the contract interface. 62% of the supply is distributed to the ecosystem fund, 16% to Yuga Labs and Charity, 14% to launch contributors, and 8% to the Bored Ape Yacht Club founders. The 62%, equivalent to 150,000,000 of the supply, which was airdropped to Bored Ape Yacht Club, Mutant Ape Yacht Club NFT holders, and the treasury, were unlocked at the project launch.  

The holders of the token govern themselves through ApeCoin DAO, where they can vote on how the platform’s funds are used. The governance is managed through the APE Improvement Proposal Process. The token also provides access to a specific ecosystem section, including games and events. Third-party developers can also integrate APE into their projects. As an ERC-20 token, ApeCoin benefits from Ethereum’s proof-of-work consensus algorithm, which plans to migrate to the proof-of-stake. 

ApeCoin was launched in March 2022 by ApeCoin DAO and adopted by Yuga Labs.