The live price of ApeCoin is - per (APE / USD) with a current market cap of $479.21M USD. 24-hour trading volume is - USD. APE to USD price is updated in real-time. ApeCoin is -% in the last 24 hours with a circulating supply of 752.65M.
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ApeCoin is an ERC-20 token built on the Ethereum blockchain. As both a utility and governance token, APE is used throughout the Ape ecosystem, including in NFTs and the Bored Ape Yacht Club (BAYC). ApeCoin also has many other use cases. For example, ApeCoin holders can vote in the DAO and gain access to exclusive merchandise, services, games, and events.
ApeCoin encourages developers and participants on the network to integrate it into games and applications. It can also be used as a digital currency for transactions within the ecosystem. The ApeCoin protocol runs on an independent ApeCoin codebase.
The APE ecosystem includes three key governance structures: the APE Foundation, the ApeCoin DAO organization, and the ApeCoin DAO Board. These entities play a vital role in securing the network and ensuring it remains open and decentralized. This structure makes it easier for users to collaborate and develop projects and applications on the open-source network.
The total supply of APE tokens is capped at 1 billion. 62% of the tokens will be distributed to the ApeCoin DAO community, and 15% will go to holders of BAYC and MAYC NFTs.
16% of the supply will go to Yuga Labs, and a portion will be allocated to the Jane Goodall Foundation, supporting real-world ape conservation. 14% will be given to contributors who helped launch the ApeCoin protocol, and the remaining 8% will be reserved for the founders of Yuga Labs and BAYC.
Out of the total token supply, 26% (260 million tokens) were unlocked immediately, while the remaining tokens will be gradually unlocked over 48 months. Additionally, tokens allocated to launch contributors and founders are locked for 12 months.
Finally, the project has decided to use a non-burning mechanism to ensure a fixed supply of 1 billion tokens.
ApeCoin is a decentralized project based on Yuga Labs’ BAYC. Yuga Labs was founded by Greg Solano and Wylie Aronow in 2021 and is behind one of the most popular NFT collections. BAYC has recently surpassed CryptoPunks in popularity.
Yuga Labs also launched Bored Ape Kennel Club (BAKC) and Mutant Ape Yacht Club (MAYC), both of which have sold for millions of dollars on secondary markets. A recent highlight for the company was the acquisition of CryptoPunks and Meebits, two highly successful NFT collections in the community.
Yuga Labs also recently announced the launch of Otherside, a new metaverse project in collaboration with Incredible and Animoca Brands.
ApeCoin has a market capitalization of $1,796,802,797 and a fully diluted market cap of $5,922,892,693. A high market cap indicates that the asset is highly valued by the market.
Its circulating supply is 306,875,000 APE, with a maximum supply of 1 billion APE tokens. Its 24-hour trading volume is $679,679,917.
The ApeCoin to other currencies exchange rate?
