What is ape (apecoin)?

APE is the native token of the ApeCoin decentralized autonomous organization (DAO), a community-focused effort established to steer the growth and development of the Bored Ape ecosystem. The tokens were launched in March and airdropped to holders of the Bored Ape NFT ( non-fungible token) lineup.

Is apecoin a long-rumored non-fungible token?

A leading non-fungible token company has announced plans for a long-rumored token. Here are the details about APEcoin and who is eligible to claim the new token.

What is apecoin Dao?

According to the ApeCoin website and accompanying press materials, ApeCoin is being launched by ApeCoin DAO, a new governing body in which all APE holders are members. It’s meant to field proposals from the community, which token holders can then vote on. Other NFT projects have attempted similar voting structures.

Can apecoin be used as a game currency?

Right now, ApeCoin mostly exists for speculation and “governance” for the DAO. But Yuga Labs has grand ambitions for the token. A mobile game called Benji Bananas, developed by Animoca Brands (whose co-founder, Yat Siu, is on the board of the Ape Foundation), is adopting ApeCoin as a kind of in-game currency.