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 Animoca Brands adopting apecoin?

On March 17, Animoca Brands tweeted that it had something up its sleeve in regard to apecoin (APE). The company stated: Animoca Brands is excited to announce that we’ll be adopting [apecoin] for the secret project we’ve been developing with [Bored Ape Yacht Club].

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.

Is apecoin (ape) a use case for NFT owners?

While NFT owners claim the rest of the APE that can be claimed and traders swap APE on exchanges, Yuga Labs has teased a video concerning the coin’s use case. “See you on the Otherside in April. Powered by @apecoin,” Yuga Labs’ statement accompanying the video explained.