ApeCoin (APE)
What Is ApeCoin?
ApeCoin is an ERC-20 governance and utility token used within the APE Ecosystem to empower and incentivize a decentralized community building at the forefront of web3. ApeCoin holders govern themselves via the decentralized governance framework controlling the ApeCoin DAO, and vote on how the ApeCoin DAO Ecosystem Fund should be used. The APE Foundation administers proposals agreed upon by ApeCoin holders.
Who Are the Founders of ApeCoin?
ApeCoin is a decentralized project inspired by Yuga Labs’ Bored Ape Yacht Club project. ApeCoin was founded to be used within the burgeoning APE Ecosystem, which is supported by the APE Foundation. The ApeCoin DAO aims to build and maintain the APE Ecosystem in a fair and inclusive way, providing an infrastructure for ApeCoin holders to collaborate through open and permissionless governance processes. An administrative council within the APE Foundation (the “Board”), will carry out the decisions of ApeCoin DAO members. The Board is responsible for the day-to-day administration, bookkeeping, project management, and other tasks that ensure the Community’s ideas have the support they need to become a reality. ApeCoin DAO members vote on Board members.
What Makes ApeCoin Unique?
ApeCoin is the APE Ecosystem’s governance token, allowing token holders to participate in ApeCoin DAO and giving its participants a shared and open currency that can be used without centralized intermediaries. 62% of all ApeCoin was allocated to the Ecosystem Fund, which will support community-driven initiatives as voted on by ApeCoin DAO members. ApeCoin also gives access to certain parts of the Ecosystem that are otherwise unavailable, like exclusive games and services. For third-party developers, ApeCoin is a tool to participate in the ecosystem by incorporating ApeCoin into services, games, and other projects. The APE Foundation was gifted a 1 of 1 NFT by Yuga Labs, the creators of Bored Ape Yacht Club. Yuga Labs has conveyed all rights and privileges to this NFT and its underlying artwork to the APE Foundation. The ApeCoin DAO members can decide how this intellectual property is used.
How Many ApeCoin Are There in Circulation?
The total supply of ApeCoin is permanently fixed at 1 billion tokens, all minted at once. On launch day, March 17, 2022, 30.25% will be in circulation. This percentage will continually increase following launch day at regular intervals over a 48-month period. The amount of ApeCoin in circulation is a dynamic number that will constantly change both due to the aforementioned schedule and a myriad of market factors.
How Is the ApeCoin Network Secured?
ApeCoin is an ERC-20 token launched on the Ethereum blockchain. As a result, it is secured by Ethereum’s proof-of-work (POW) consensus mechanism.
Where Can You Buy ApeCoin?
ApeCoin is available to trade on numerous exchange platforms, including decentralized exchanges like SushiSwap and top centralized exchanges.
What tools does Nimbus offer for effortlessly monitoring ApeCoin?
Nimbus provides a user-friendly tracking solution equipped with intuitive tools to monitor ApeCoin effortlessly. These tools are specifically designed for user convenience, allowing individuals to stay seamlessly updated on the latest trends, prices, and information related to ApeCoin. Users can also explore the world of cryptocurrency effortlessly while simultaneously tracking ApeCoin prices. The platform also offers insights into profit and loss, providing a comprehensive experience without the complexity typically associated with monitoring cryptocurrencies.
How does Nimbus enable tracking ApeCoin prices with profit and loss?
Nimbus facilitates the tracking of ApeCoin prices with profit and loss through seamless integration with your crypto wallet for portfolio monitoring. By connecting with your crypto wallet, Nimbus provides a clear and comprehensive overview of various metrics, including profits, losses, revenue, expenses, return on investment (ROI), and other essential financial indicators. This integration ensures that users can analyze their cryptocurrency portfolio with precision, gaining valuable insights into their financial performance. With Nimbus, users can navigate the cryptocurrency landscape with a perfect blend of simplicity and sophistication, enhancing their ability to make informed investment decisions.
How does Nimbus analyze ApeCoin, and what insights does it provide?
Certainly! Nimbus possesses a robust analysis tool that is adept at evaluating and interpreting ApeCoin . The tool employs diverse strategies, including delving into metadata details, tracking marketplace data, and calculating performance metrics such as Return on Investment (ROI). Through these methodologies, Nimbus provides users with valuable insights into the composition and performance of their ApeCoin. Users can gain a comprehensive understanding of their investment. The analysis tool ensures that users are equipped with the necessary information to navigate the cryptocurrency landscape with confidence and intelligence.
Trending News
Smart money investors enter the fray with Fukuku Token: A symbol of fortune
In the dynamic world of cryptocurrency trading, astute investors always seek new avenues to bolster […]
AMBCrypto
May 14, 2024
Legendary Trader Fuels 2021 Meme Coin Frenzy: 8 Cryptocurrencies Soar, Including Coin Name (Symbol)
Before you reading,Don't miss coins like PEPE again! Click here to find new PEPEs! Internet sensation Keith Gill, known as “Roaring Kitty,” has returned, sparking speculation about a potential repeat of the 2021 GameStop short squeeze phenomenon and a rise in meme coin frenzy. While some crypto enthusiasts are excited, analysts are cautious, highlighting fundamental […] Read more at COINOTAG.
CoinOtag EN
May 14, 2024
Bullish Re-awakening in NEAR Price Eyes $16
The post Bullish Re-awakening in NEAR Price Eyes $16 appeared first on Coinpedia Fintech News
Coinpedia
May 14, 2024
Liminal Custody Secures Key ADGM FSP License, Reinforcing Leadership in Digital Asset Custody
Liminal Custody Secures Key ADGM FSP License, Reinforcing Leadership in Digital Asset Custody
CryptoDaily
May 14, 2024
Rollblock (RBLK) Gains Investor Confidence Over Cardano (ADA) & Ripple (XRP) Due to Promising Revenue Share Model
Before you reading,Don't miss coins like PEPE again! Click here to find new PEPEs! Investors are showing signs of impatience with top crypto coins like Ripple (XRP) and Cardano (ADA). Meanwhile, Rollblock (RBLK), a lesser-known cryptocurrency, is gaining traction due to its innovative revenue share model. Experts suggest this shift could indicate a new trend […] Read more at COINOTAG.
CoinOtag EN
May 14, 2024
Join us to Maximize your Returns & Minimize your Risk
Gain access to all exclusive data, insight that can make your investment more joy
