What is ApeCoin (APE)? Detailed information from A to Z of ApeCoin project and APE Coin
APE Coin is one of the cryptocurrencies that has stormed the investment community in recent times thanks to its outstanding price growth in the market. 
What is ApeCoin (APE)?
ApeCoin (APE) is an ERC-20, Collectibles & NFTs token on Ethereum , known as the decentralized governance token (DAO) of the 2 largest NFT collections on the Ethereum platform, Bored Ape Yatch Club (BAYC) and Mutant Ape Yatch Club (MAYC).
ApeCoin aims to act as a decentralized protocol governed by the community, bringing real-world activities to metaverse, promoting the development of this trend. Apecoin aims to serve the Web3.0 economy
How does ApeCoin work?
ApeCoin is decentralized managed by APE Foundation, with the participation of ApeCoin DAO and The Board
APE Foundation
The APE Foundation is the governing body of ApeCoin, which is composed of APE token holders in the ApeCoin DAO.
The mission of the APE Foundation is to manage the decisions of the ApeCoin DAO and is responsible for project management and other tasks to ensure the community's ideas are supported. To stay afloat, The APE Foundation uses the Ecosystem Fund, controlled by a multisig wallet, to pay the decisive costs of the ApeCoin DAO and provide the infrastructure for holders ApeCoin participates in its governance process.
ApeCoin DAO
ApeCoin DAO is a decentralized governance organization (DAO) that contributes to building a globally distributed community. ApeCoin DAO members can suggest improvements or make decisions regarding the allocation of Ecosystem Fund, governance rules, partnerships,..
The Board
The Board is a special board of the platform that will manage the ApeCoin DAO proposals and serve the community's vision. The Board will serve a six-month term, after which the DAO members will vote annually to select new The Board members.
Highlights of ApeCoin
Some of the highlights of the project include:
- The platform is operated by DAO (decentralized autonomous organization), ApeCoin DAO will be empowered for the community to lead and build metaverse events, games or blockchain services.
- ApeCoin DAO is oriented with a balance between performance and governance that can facilitate a good and viable product launch, which aligns with the DAO's motivation and values.
- The vision is to become the token used to be able to build a decentralized community at the top of the Web3 platform.
APE token role
APE token holders can participate in the ApeCoin DAO and participate in the management and supervision of the platform's operations. In addition, APE is also used in many other features that may be released in the near future.
Basic Information APE Token
- Name: ApeCoin Token
- Ticker: APE
- Blockchain: Ethereum
- Token Standard: ERC-20
- Contract: 0x4d224452801aced8b2f0aebe155379bb5d594381
- Token Type: Utility
- Total Supply: 1,000,000,000 APE
- Circulating Supply: 277,500,000 APE
APE Allocation (APE Allocation)
- Ecosystem Fund: 62%
- BAYC & MAYC: 15% – 150,000,000 APE
- DAO treasury & resources: 47% – 470,000,000 APE
- Yuga Labs + Charity: 16%
- Yuga Labs: 150,000,000 APE
- Charity Jane Goodall Legacy Foundation: 10,000,000 APE
- Launch Contributors: 14% – 140,000,000 APE
- BAYC Founder: 8%- 80,000,000 APE
APE Token Sale
The project had a plan to open the Public Sale of APE tokens on the Binance exchange.
The trading pairs APE/BTC, APE/BUSD and APE/USDT will start selling at 2022-03-17 21:30 (Vietnam time).
Plan to release and unlock APE Token
Treasury and resource DAO: 117,500,000 tokens will be unlocked after launch, then 7,343,750 tokens will be unlocked every month for 48 months.
Yuga Labs: Lock-up for the first 12 months, then unlock 4,166,666.67 tokens per month for 36 months.
Jane Goodall Legacy Foundation: Lock-up for the first 12 months, then unlock 277,777.78 tokens per month for 36 months.
Launch Contributors:
- 10,000,000 tokens will be distributed first, then 25,000,000 after 6 months
- 25,000,000 tokens after 12 months and 25,000,000 after 18 months
- Lock-up for the first 12 months, then unlock 757,575.76 tokens every month for 33 months
- Lock-up for the first 12 months, then unlock 833,333.33 tokens every month for 36 months
APE Coin project development team:
- Alexis Ohanian: Co-founder of Reddit; General Partner & Founder of Seven Seven Six
- Amy Wu: Head of Ventures & Gaming at FTX
- Maaria Bajwa: Principal at Sound Ventures
- Yat Siu: Co-founder & Chairman of Animoca Brands
- Dean Steinbeck: President & General Counsel at Horizen Labs
Roadmap of APE Coin project
Updating…
Summary
Above is the ApeCoin project information compiled by Hay Mod Game , hope they will help you in the investment research process. With the current trend of NFT and Metaverse developing strongly in 2022, it is difficult to predict the future of the project because the bed technology platform is not yet able to meet. Let's wait for the latest information from the project!
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