ApeCoin (APE): Cryptocurrency for the Future of Web3 and the Metaverse

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Bittime – ApeCoin (APE) is an ERC-20 crypto token launched in March 2022. The token is designed to support the evolution of art, gaming, entertainment, and various other activities within the Web3 and Metaverse ecosystems.

Backed by the renowned Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) NFT communities, ApeCoin offers a range of exciting features such as DAO governance, payments and utilities, as well as access to exclusive features.

What Is ApeCoin (APE)?

ApeCoin (APE) is an ERC-20 crypto token launched in March 2022 by ApeCoin DAO, a decentralized autonomous organization (DAO) formed to nurture the Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) NFT communities and ecosystems.

ApeCoin (APE) Key Products & Features

• DAO Governance: APE holders can participate in the ApeCoin DAO and cast their votes on proposals that affect the future of the ApeCoin ecosystem.
• Payments and Utilities: APE can be used for in-game payments, merchandise, and other services within the ApeCoin ecosystem.
• Access to Exclusive Features: APE holders can access exclusive features such as airdrops, games, and community events.

Also read: Getting to Know Bored Apes: The Phenomenon of NFT Popularity

What is an APE token?

The APE token is an ERC-20 token with a maximum supply of 1 billion tokens. These tokens are distributed via airdrop to BAYC and MAYC NFT holders, as well as sold through a public sale.

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Tokenomic Token APE

• Total Supply: 1 billion tokens
• Distribution:
  • 62% - Airdrop to BAYC and MAYC NFT holders
  • 16% - ApeCoin DAO
  • 14% - Yuga Labs
  • 8% – ApeCoin Foundation
• Vesting Schedule:
  • Tokens allocated to Yuga Labs and the ApeCoin Foundation will be vested for 48 months.

ApeCoin Fundamental Analysis (APE)

• Strong Community: ApeCoin has a strong and active community with over 1 million token holders.
• Support from Yuga Labs: ApeCoin is backed by Yuga Labs, creators of the popular BAYC and MAYC NFTs.
• High Utility Potential: ApeCoin has high utility potential in the rapidly growing ApeCoin ecosystem.

ApeCoin (APE) Comparison & Competitors

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Founder & Tim ApeCoin (APE)

• ApeCoin DAO: A decentralized autonomous organization formed by the BAYC and MAYC NFT communities.
• Yuga Labs: Creator of BAYC and MAYC NFT.

Expert Opinion About ApeCoin (APE)

• JP Morgan: ApeCoin has the potential to become an important crypto token in the Web3 and Metaverse ecosystems.
• CoinShares: ApeCoin is one of the fastest-growing crypto tokens in 2022.

Conclusion

ApeCoin is a crypto token that has great potential to become an important cryptocurrency in the Web3 and Metaverse ecosystems. The token has a strong community, support from Yuga Labs, and high utility potential.

How to Buy Apecoin (APE) on Bittime

You can buy and sell ApeCoin (APE) in an easy and safe way via  Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

ApeCoin (APE) is available on Bittime with the market pair APE/IDR. To be able to buy APE IDR  on  Bittime,  make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

Learn  the complete guide on how to buy ApeCoin (APE) on Bittime.

Monitor price  chart movements  of ApeCoin (APE) ,  Bitcoin (BTC) ,  Ethereum (ETH ),  Solana (SOL)  and other cryptos to find out today's crypto market trends in real-time on Bittime.

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OpenSea: The Leading NFT Platform for Investing and Collecting

Understanding Tokenomics and Its Explanation

Web3 Trend Trail: Internet Transformation Towards Decentralization

Get to Know the Types of NFTs and How to Get Them

DISCLAIMER: This article is informational in nature and does not constitute an offer or solicitation to sell and buy any crypto asset. Trading crypto assets is a high-risk activity. The price of crypto assets is volatile, where prices can change significantly from time to time and Bittime is not responsible for fluctuations in the exchange rate of crypto assets.