About ApeCoin ($APE)
ApeCoin (APE) is a cryptocurrency operating on the Ethereum blockchain. It serves as the utility and governance token of the APE ecosystem, which includes products, services, and applications that make use of the APE token. The token is associated with the ApeCoin DAO, a decentralized governance structure where holders participate in decision-making processes.
ApeCoin is used across the broader APE ecosystem, which includes the NFT collections created by Yuga Labs, the company behind the Bored Ape Yacht Club (BAYC). BAYC launched in April 2021 and consists of unique non-fungible tokens featuring illustrated apes with different traits. The collection gained public attention due to high-profile purchases by public figures and its role in the early NFT market.
The token is overseen by the APE Foundation, which is responsible for implementing proposals approved by members of the ApeCoin DAO. Participation in the DAO is open to APE holders, who can vote on governance matters and contribute to how the ecosystem develops.
APE is intended to support activities such as governance voting, network participation, and in-application transactions. It can also be used to access specific ecosystem features, including digital goods, events, or services. Developers outside the core team are encouraged to build on top of the APE ecosystem and incorporate the token into their platforms.
ApeCoin has a circulating supply of 752.65 million APE as of now. APE is listed on Binance for trade and purchase. The current price of APE is available and updated in real-time on Binance.