The Native Token that Empowers the Decentralized Community Building of the APE Ecosystem.
March 17th 2022
Apecoin (APE)
APE is the crypto currency designed and built to empower the community building of Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC), two of the most popular NFT collections on the Ethereum blockchain.
APE is the native token of the ApeCash project. It powers an ecosystem that includes a digital wallet, payments processor, and games. APE will provide effective tools for developers to participate in the ecosystem through these key ways:
Governance: The APE Improvement Proposal Process allows APE DAO members to make decisions regarding Ecosystem Fund allocations, governance rules, partnerships & projects.
Access: APE provides access to exclusive games, merchandise, events & services unavailable through other channels.
Incentivization: APE is a tool for third-party developers to participate in the ecosystem through incorporation into their own apps & services
The project consists of the following major components working in conjunction:
ApeCoin DAO: The ApeCoin community governs itself via the ApeCoin DAO, the decentralized governance framework that supports the Ecosystem Fund.
The APE Foundation: The Foundation is tasked with administering the decisions of the ApeCoin DAO, and is responsible for day-to-day administration, bookkeeping, and project management.
The Board: A special council of the APE Foundation that provides oversight to the Foundation administrators.
The total and maximum token supply of APE is 1,000,000,000 as of March 17th 2022. Currently, there are 277,500,000 tokens circulating (~28% of the total token supply).
Find out more about APE's tokenomics here.
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