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Yuga Labs and Charity make up 16%, or 160 million $APE, of ApeCoin’s total token supply. 15%, or 150 million $APE, went to Yuga Labs and was locked for a 12-month period, ending in March 2023. The 150 million $APE are now released over the course of 36 months. With all eyes on them, the https://www.xcritical.com/ demand for its own crypto token rose – and so it was delivered. You may have heard about the Bored Ape Yacht Club – the most successful NFT project to date.
Bored Ape Yacht Club’s ApeCoin Surges 90% on Second Day of Trading
ApeCoin is an ERC-20 token, a particular flavor of build-it-yourself cryptocurrency on the Ethereum what is coin ape blockchain. The APES community, often referred to as the « APES GANG, » encourages active participation through various activities. Enthusiasts can engage in promoting the coin, participating in games, and enjoying the community-driven atmosphere. Staking is another feature, allowing holders to earn rewards by locking their tokens, thus contributing to network security and liquidity. ApeCoin is the native cryptocurrency for the APE ecosystem, which includes the ApeCoin DAO and all services and products utilizing APE.
Step 4: Securely store your ApeCoin in your personal wallet
- This was a challenging time for the broader crypto market, with many tokens experiencing significant price drops due to various factors, including regulatory uncertainty and market sentiment.
- With an all-time high price of $39.40 in April 2022, however, APE fell more than 80% in less than a month, faring much worse in the current bearish market than more established crypto like Bitcoin and Ethereum.
- To learn how to do this, check out this support article on adding an Ethereum account to your Ledger.
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- Complete cryptocurrency market coverage with live coin prices, charts and crypto market cap featuring coins on 916 exchanges.
- These listings allowed a broader audience to engage with APES, facilitating its integration into the wider crypto ecosystem.
ApeCoin’s unique features and ecosystem create a strong foundation for its growth potential. Additionally, the team behind ApeCoin has a clear vision for the project’s future and is actively working towards achieving its goals. While it is impossible to predict with certainty the price of ApeCoin in 2030, the project’s promising potential and dedicated team suggest that it could do well in the coming years. As always, it is important to conduct thorough research and analysis before making any investment decisions. The ApeCoin ecosystem is made up of individual token holders, as well as a wide range of products and services that are using the cryptocurrency. Chief among its ecosystem members is Yuga Labs itself, which has adopted APE as the primary token for its projects.
Factors To Consider When Opening a Cryptocurrency Exchange Account
APEcoin will unlock 15,600,000 APE tokens on September 17th, constituting approximately 2.31% of the currently circulating supply. APEcoin will unlock 15,600,000 APE tokens on November 17th, constituting approximately 2.16% of the currently circulating supply. This webpage has been approved as a financial promotion by Bitstamp UK Limited which is registered with the UK’s Financial Conduct Authority. Cryptoassets and cryptoasset services are not regulated by the Financial Conduct Authority. You may be liable to pay Capital Gains Tax on any profits you earn.
Yuga Labs strives to be one of the biggest players in the Metaverse and already created a few retail opportunities. Buy, trade, view, or send Ethereum to friends and family on the go, whenever you need to. Unlike other wallets, there are no minimums, no maximums, and no expensive transaction fees. Zengo provides the most secure payment gateway, which makes it easy to purchase APE tokens with fiat currency, like Euros, US Dollars, and Pound Sterling. Zengo is one of the safest and most user-friendly wallets on the market. The Zengo wallet is flexible, intuitive and prioritizes security and guaranteed recovery, making it a trusted choice for crypto traders around the world.
Find live support agents directly in the app, whenever you need them. APE is an ERC-20 token that runs in the APE Foundation ecosystem facilitating governance and actions in the ecosystem. Yes, ApeCoin has a Twitter account and the APE community forum with discussions about governance. Bored Ape Yacht Club NFTs are frequently displayed on social media as profile pictures.
ApeCoin has a fixed total supply of 1 billion APE tokens, which cannot be minted or burned. This means the number of ApeCoins in circulation will never go up or down. APES, a cryptocurrency with the ticker APES, has carved out a niche in the digital asset landscape through a series of notable events and strategic moves.
Moreover, to pass an exchange’s KYC (Know Your Customer) process, you will also need to provide a copy of your government-issued ID and proof of address. You may also be asked questions about your income and your level of expertise as an investor. The token also exists to incentivize third-party developers to participate in the APE ecosystem by building applications that incorporate ApeCoin. FDMC is the Market Cap if the Maximum Supply of a coin/token was entirely in circulation.
This is assured in perpetuity by the Ethereum-based smart contract responsible for the cryptocurrency’s creation, which does not allow for minting (creating) or burning (destroying) of tokens. Holding APE makes users part of the Ape decentralized autonomous organization (ApeDAO), enabling them to vote on system improvement proposals and govern the community surrounding the token. Every holder of ApeCoin is eligible to become a member of the ApeCoin DAO. $APE serves as a governance token, being a member of the DAO allows you to vote on every major decision, shaping the future of the token. The weight of your votes will be based on the share of tokens you own, so the more tokens — the more voting power one has.
Market Capitalization is the overall value of all coins/tokens that have been mined or issued until now and are in circulation (not locked). The cryptocurrency’s market Price changes in percent within the last 24 hours (1 day). Therefore, it is wiser to stay on the sidelines for now and continue to watch the price movement until it hits the bottom. Some analysts believe that a price below $6 per Ape coin will be a reasonable purchase. But don’t take this as investment advice, it’s just a possibility. The number of non-fungible tokens issued by the club has exceeded 10K and is constantly growing.
Publicly circulating amount of specific cryptocurrency coins/tokens that were mined or issued to date, and are not locked/staked (are available to be traded publicly). From the funds set aside for the ecosystem, 150 million tokens were dropped to those who owned BAYC-related NFTs. The amount of tokens people received depended on whether they held a Bored Ape or Mutant Ape NFT, and whether their NFTs were paired with an NFT from the Bored Ape Kennel Club. 1400+ coins and tokens are available for quick and easy exchanges. Data privacy and security is a top priority for StealthEX, so all the swaps are non-custodial, and forever will be.
The companion for these two NFT collections — the Bored Ape Kennel Club (BAKC) NFTs —served as a multiplier for the number of tokens that could be received. The answer lies with the Yuga Lab ecosystem and its token allocation at launch. Get the receiver’s wallet address, enter it into the prompts, tap send, and let the person receiving know they will get a confirmation. At Zengo, we love automation and technology but not for our helpdesk.
ApeCoin’s supply is fixed at 1 billion APE, meaning tokens cannot be mined or burned. If you do not own BAYC/MAYC NFT, you can buy, store, swap and spend ApeCoin in your BitPay Wallet. Spend your APE or more than a dozen other cryptocurrencies as easily as cash. The BitPay Wallet is a non-custodial crypto wallet meaning you, and only you, control your ApeCoin.
Then, when you have verified your identity, select the APE or any other tokens you want to purchase from the home screen. Zengo will be able to restore access to your wallet and your coins through its authentication methods. If you lose your device at any time, our helpful agents will help you recover access in no time. Threshold key signature (TSS) cryptography is backed by 3-factor authentication and advanced facial recognition software. So even if your phone goes missing, Zengo’s features guarantee the recovery of your assets.
The holders of ApeCoin are the only voters in the DAO, which the Foundation facilitates. There is a maximum total supply of 1 billion APE (1,000,000,000 APE). At the time of writing (May 2022), roughly 29% of this is supply is in circulation, trading for $7.46 for a market capitalisation of $2.18 billion. Cryptocurrency experts typically advise investors against leaving funds on a centralized exchange because exchange bankruptcies can lead to a complete loss of assets held with the company. Once you have funded your account, you click on ApeCoin in the list of tradable assets and place an order to buy the amount of APE you would like to purchase.
Regulatory changes are another potential cause for ApeCoin’s decline. Governments around the world are increasingly scrutinizing the cryptocurrency industry and imposing new regulations, which could negatively impact the value of ApeCoin and other cryptocurrencies. Another factor contributing to ApeCoin’s fall could be the changes in investor sentiment. Some investors may have become bearish on the project due to concerns over the sustainability of its growth trajectory or uncertainty about its future direction. It’s also used by a number of developers outside of the APE ecosystem, such as play-to-earn (P2E) game Benji Bananas by Animoca Brands, which uses ApeCoin to incentivize and reward players.
Despite plans for APE to be used as the primary token for all new services and products launched by Yuga Labs, many of these projects remain very much in development. The eventual core utility will be for third-party developers to create new apps in the APE ecosystem, integrating APE as a crypto and incentive for new services and products. The live ApeCoin price today is $1.08 USD with a 24-hour trading volume of $240,521,905 USD. The current CoinMarketCap ranking is #87, with a live market cap of $810,664,087 USD.
