What is ApeCoin?
ApeCoin (APE) is a utility token designed for use within the APE Ecosystem, facilitating governance through the ApeCoin DAO (Decentralised Autonomous Organisation). It provides an avenue for community-driven decision-making, allowing APE holders to participate actively in shaping the future of the project.
ApeCoin DAO Governance
Holders of APE tokens have the opportunity to vote on various proposals within the ApeCoin DAO. This governance model is designed to empower a globally dispersed community, ensuring that decisions reflect the interests and desires of its members. The involvement of the community is a cornerstone of the project, which aims to establish a democratic approach to management and direction.
Yuga Labs and Intellectual Property
Yuga Labs, the creators of the renowned Bored Ape Yacht Club (BAYC) NFTs, have transferred all rights and privileges of the NFTs to the APE Foundation. This unique arrangement allows members of the ApeCoin DAO to have a say in how the intellectual property associated with these NFTs is utilised. It opens up new avenues for creativity and collaboration among community members, fostering a dynamic environment for innovation.
ApeCoin Token Supply
The total supply of ApeCoin is capped at 1 billion tokens, ensuring scarcity and value. A significant portion of these tokens has been allocated to holders of Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) NFTs, further incentivising ownership and participation within the APE Ecosystem.
Community Engagement and Activities
The APE Foundation is committed to building an inclusive and engaging community. Through the application of web3 technology, participants can express their creativity across various domains including art, gaming, entertainment, and events. This focus on community engagement is designed to strengthen ties among members and elevate the overall experience within the APE Ecosystem.
Official Resources and Links
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