ApeCoin (APE) is a Governance crypto token. ApeCoin was founded on 2022-03-16 on the ETHEREUM ecosystem. More information can be found at http://apecoin.com/.
Key Technical Advantages:
ApeCoin Protocol: ApeCoin is an ERC-20 governance and utility token used in the APE ecosystem. It empowers a decentralized community focused on web3 culture, including art, gaming, entertainment, and events. ApeCoin serves several purposes such as governance, unification of spend, access, and incentivization.
Decentralized Autonomous Organization (DAO): ApeCoin DAO is a decentralized governance body that allows ApeCoin holders to make decisions regarding Ecosystem Fund allocations, governance rules, projects, and partnerships. The APE Improvement Proposal Process allows DAO members to submit proposals and make decisions.
The APE Foundation: The APE Foundation serves as the steward of ApeCoin, facilitating decentralized and community-led governance. It becomes more decentralized over time and handles administration, bookkeeping, and project management tasks, ensuring that the DAO community's ideas are supported and implemented.
ApeCoin Allocation: The total supply of ApeCoin is permanently fixed at 1 billion tokens. It will be distributed among four main groups: the Ecosystem Fund (62%), Yuga Labs + Charity (16%), Launch Contributors (14%), and BAYC Founders (8%). Token lock-up and unlock schedules vary depending on the group.
Token Claiming for BAYC and MAYC holders: Tokens will be allocated to BAYC (Bored Ape Yacht Club) and MAYC (Mutant Ape Yacht Club) members based on the floor price of each collection of NFTs roughly a month before the token claim launch. The allocation process aims to ensure a fair launch of ApeCoin to NFT holders.
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