ApeCoin is an ERC-20 governance and utility token used in the APE ecosystem to empower decentralized communities at the forefront of Web3.

Yuga Labs hopes to use APE to launch a variety of blockchain games and services for metaverse enthusiasts.

Cryptography startup Yuga Labs is the parent company of THE NFT project Boring Ape (BAYC). Since its launch in April last year, the program has rapidly grown to become the most valuable NFT program in the NFT market by market capitalization. Currently, the cheapest NFT of the 10,000 boring Ape NFT sells for about $240,000. The startup is reportedly seeking a new round of funding at a $5 billion valuation. It has been reported that Yuga Labs has been hyping up a token named "ApeCoin" and preparing to enter the field of P2E (earn while playing) games.

Frankly, building this kind of game crypto economy requires some very special legal means to ensure compliance. For the most part, the SEC has kept its distance from the NFT program -- though not entirely -- but crypto startups that sell tokens that serve as unregistered securities have been a target of regulators and have kept many crypto companies on their toes. As a result, Yuga Labs is careful to "separate" the corporate entity itself from token publishing. The "ApeCoin" token will be issued by an entity called ApeCoin DAO, which is made up of board members associated with the NFT project, but none of them are Yuga Labs employees or Yuga Labs executives. In addition, they will form an organization called the APE Foundation to manage governance decisions for ApeCoin DAO, which will carry the official BAYC project branding, and Yuga Labs' gift 'it to the organization by giving 1/1 NFT's Blue Bored Apes logo.

Token name: APE Token Total: 1 billion tokens Distribution: Ecosystem Fund 62%, startup contributor 14%, YUGA LABS + Charity 16%, BAYC Founder 8%.

1. Governance: ApeCoin is the governance token of the ecosystem, allowing ApeCoin holders to participate in ApeCoin DAO. 2. Unified Spending: ApeCoin is the ecosystem's practical token, providing all participants with a shared and open currency that can be used without a centralized intermediary. 3. Usage rights: ApeCoin provides access to parts of the ecosystem that would otherwise not be available, such as exclusive games, goods, events and services. 4. Incentives: ApeCoin is a tool for third-party developers to participate in the ecosystem by integrating APE into services, games and other projects.

1. ApeCoin is owned and operated by the decentralized Organization ApeCoin DAO. Each token holder can vote on the governance and use of the ecosystem Fund, and holding ApeCoin is the only requirement for ApeCoin DAO members. The DAO is supported by the Ape Foundation, which was created to act as ApeCoin's legal steward and manage decisions made by the ApeCoin DAO community. 2. Airdrop will be available to holders of serial NFT sets such as BAYC/MAYC NFT holders (Bored Apes and Mutant Apes, and BAKC Dogs paired with BAYC or MAYC). A person with only 1 Bored Ape NFT will receive 10,094 Ape; Only possessing Mutant Ape, you could get 2042; Holders of both Bored Ape and Kennel Club receive 10,950 coins; Holders of Mutant Ape and Kennel Club at the same time can get 2898 coins.

1. One of the features of ApeCoin DAO was that it was backed by a company called APE Fund. The APE Foundation oversees DAO decisions, signing leases, hiring people, producing products, and so on to ensure that DAO decisions are implemented. 2. APE is listed on many crypto exchanges and unlike other major cryptocurrencies, it cannot be purchased directly with fiat currency.

1. APE is listed on leading cryptocurrency exchanges such as Binance, Coinbase and FTX. Yuga Labs, founder of Bored Ape Yacht Club, said they would use Ape as their primary token in the BAYC ecosystem.

Unlike Bobu, which represents ownership of Azuki 40, APE is a pure governance and application token. Currently, THERE is no corresponding value accrual mechanism for APE. If Yuga Labs can't create a steady demand for APE, the best APE airdrop response strategy may be to cash out during the first few weeks when prices are still high.

Many people in the community have expectations for the project, the core logic is to use BAYC's powerful influence, can build a series of ecology, a real BAYC meta-universe, the latest exposure news is: BAYC development company Yuga Labs plans to launch a game-centered meta-universe MetaRPG, expand BAYC world.

ApeCoin is an ERC-20 governance and utility token designed to empower decentralized communities at the forefront of Web3. Is the next CoinMarketCap and CoinGecko token. Developed by an experienced team, and currently available in gaming and other areas, it is worth looking forward to.