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About ApeCoin Summary
Key Points
- ApeCoin is an ERC-20 governance and utility token for the APE Ecosystem.
- ApeCoin holders govern themselves through a decentralized governance framework.
- The APE Foundation administers proposals agreed upon by ApeCoin holders.
- ApeCoin was founded by Yuga Labs, inspired by the Bored Ape Yacht Club project.
- The APE Foundation supports the APE Ecosystem.
Numbers and Figures
- 1 billion: Total supply of ApeCoin tokens.
- 30.25%: Initial percentage of ApeCoin in circulation on launch day.</li
Introducing ApeCoin: The Pinnacle of Digital Innovation
Introducing ApeCoin: A Revolutionary Digital Asset
ApeCoin is an ERC-20 governance and utility token that serves as the linchpin of the APE Ecosystem, empowering and incentivizing a decentralized community of innovators who are pioneering the forefront of web3 development.
ApeCoin holders exercise self-governance through a decentralized framework, overseeing the ApeCoin DAO and collectively deciding on the allocation of the ApeCoin DAO Ecosystem Fund. The APE Foundation is responsible for implementing proposals ratified by ApeCoin holders.
The Visionaries Behind ApeCoin: Unveiling the Founders
Inspired by Yuga Labs’ esteemed Bored Ape Yacht Club project, ApeCoin has emerged as a decentralized endeavour. Conceived to operate within the burgeoning APE Ecosystem, this innovative project is supported by the APE Foundation. The ApeCoin DAO is dedicated to fostering a fair and inclusive environment, providing a robust infrastructure that empowers ApeCoin holders to collaborate seamlessly through open, permissionless, and transparent governance processes.
A governing body within the APE Foundation, known as the administrative council (the “Board”), is entrusted with the implementation of decisions made by ApeCoin DAO members. The Board is accountable for overseeing the daily operations, financial record-keeping, project management, and other essential tasks that facilitate the transformation of Community-driven ideas into tangible realities. Notably, ApeCoin DAO members exercise their voting power to elect Board members.
Unveiling the Uniqueness of ApeCoin
ApeCoin, the governance token of the APE Ecosystem, empowers token holders to participate in the ApeCoin DAO, providing a decentralized, open, and shared currency that operates independently of centralized intermediaries. Notably, 62% of the total ApeCoin supply has been allocated to the Ecosystem Fund, which will support community-driven initiatives as determined by the collective vote of ApeCoin DAO members.
ApeCoin also unlocks privileged access to select components of the Ecosystem, including exclusive games and services that would otherwise remain inaccessible. Furthermore, for third-party developers, ApeCoin serves as a key to integrating their services, games, and projects with the ecosystem, thereby fostering a deeper level of participation.
The APE Foundation has been graciously bestowed a unique 1 of 1 NFT by Yuga Labs, the visionary creators of the esteemed Bored Ape Yacht Club. In a gesture of goodwill, Yuga Labs has relinquished all rights and privileges pertaining to this NFT and its underlying artwork to the APE Foundation. Consequently, the ApeCoin DAO members are empowered to determine the utilization of this intellectual property.
The Circulating Supply of ApeCoin: A Closer Look
The total supply of ApeCoin is capped at a permanent and unalterable 1 billion tokens, all of which were minted in a single, inaugural issuance.
Upon its inaugural launch on March 17, 2022, a total of 30.25% of the supply will be in circulation. This percentage will experience a steady and incremental increase at regular intervals over a span of 48 months following the launch date.
The circulating supply of ApeCoin is a fluid figure, subject to perpetual fluctuations driven by the predetermined release schedule and a complex array of market influences.
The ApeCoin Network’s Security Mechanisms: A Robust Framework
ApeCoin, an ERC-20 token, was launched on the Ethereum blockchain, thereby leveraging the robust security afforded by Ethereum’s proof-of-work (POW) consensus mechanism.
Where to Acquire ApeCoin: A Comprehensive Guide
ApeCoin is accessible for trading on a multitude of exchange platforms, encompassing decentralized exchanges such as SushiSwap and prominent centralized exchanges.