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ApeCoin
About ApeCoin
ApeCoin (APE) is an ERC-20 governance and utility token in the APE ecosystem. It has a fixed supply of 1 billion tokens, launched on March 17, 2022. APE is used for governance in the ApeCoin DAO, unifying spending, accessing exclusive ecosystem content, and incentivizing third-party projects. ApeCoin was created by the ApeCoin DAO, with the Ape Foundation managing DAO administration. Yuga Labs, associated with the Bored Ape Yacht Club NFT collection, has ties to ApeCoin but claims no direct responsibility, gifting an NFT and planning to adopt APE as their primary token for new products and services.
ApeCoin (APE) is an ERC-20 governance and utility token used within the APE ecosystem. The total supply of ApeCoin is permanently fixed at 1 billion tokens, with no minting or burning capabilities exposed through the contract interface. It was launched on March 17, 2022, and a portion of the tokens for contributors to the project were initially locked, with a scheduled unlocking over a period of 48 months from the launch date.
ApeCoin is part of a broader project called the APE ecosystem. This ecosystem aims to support web3 through art, gaming, entertainment, and events. The APE ecosystem is designed to be a decentralized protocol layer for community-led initiatives that drive culture forward into the metaverse.
ApeCoin serves several purposes in the APE ecosystem:
1. Governance: As the ecosystem's governance token, ApeCoin allows holders to participate in the ApeCoin DAO, a decentralized autonomous organization where members can vote on various proposals. 2. Unification of Spend: As the ecosystem's utility token, ApeCoin is a shared and open currency that can be used without centralized intermediaries. 3. Access: ApeCoin provides access to parts of the ecosystem that are otherwise unavailable, such as exclusive games, merchandise, events, and services. 4. Incentivization: ApeCoin can be incorporated into services, games, and other projects by third-party developers, serving as a tool for incentivization