ApeCoin APE
Report IssueApeCoin (APE) is a native governance token that allows a decentralized community to build an APE ecosystem. The APE ecosystem includes the community of Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MayC), two of the most popular NFT collections on the Ethereum blockchain.
Details
$0.559
+4.69%
#127
Blockchain Service
ByBit 
Binance 
Gate 
Score
Sentiment
Bullish 
Fundraising Statistics
a16z (Andreessen Horowitz) Tier 1
Animoca Brands Tier 2 APEApeCoin
USDCUSD Coin
Short Review ApeCoin
Crypto project ApeCoin (APE) is classified as a Blockchain Service. ApeCoin is a Utility token that is hosted on the Ethereum Network. The current total supply is 1.00 B APE (Circulating Supply + Tokens yet to be released - Burned Tokens). A total of 1.50 M APE (15.00% of total tokens) have been allocated for the public sale. The level of social activity of the ApeCoin project is assessed as Medium.
ApeCoin ICO Overview
Estimated date for the public token sale: 17 March 2022. (APE)
APE Price Chart
The launch of APE token trading took place on 17 March 2022.
Fundraising Rounds
Total sold 1.50 M APE tokens (0.15% of total tokens). Total amount of funds raised by the ApeCoin project is $450.00 M.
| Investment Round | Date | Price | Funds Raised |
| Equity round | March 22, 2022 | -- | $450.00 M |
| Airdrop | March 17, 2022 | -- | -- |
ApeCoin Investors
a16z (Andreessen Horowitz) Tier 1 Animoca Brands Tier 2ApeCoin (APE) cryptocurrency
ApeCoin is a cryptocurrency based Ethereum, which is part of the APE ecosystem. The APE ecosystem, in turn, is a series of projects associated with Yuga Labs. Yuga Labs is focused on creating web3 and is working on the following NFT projects: the most expensive NFT collection Bored Ape Yacht Club (BAYC); Mutant Ape Yacht Club (MAYC) Collection and Bored Ape Kennel Club (BAKC) Collection. Yuga Labs also recently acquired CryptoPunks and Meebits, another well-known NFT project. These are all organizations that contribute to the lucrative and popular NFT market. ApeCoin serves as a governance and utility token throughout the ecosystem. Since the ecosystem is just developing, the token is of little use, but it provides many opportunities for the future. The APE project roadmap promises to create many special features for token holders.
Review of ApeCoin (APE)
Initially, the token was distributed as part of an airdrop. This airdrop was highly anticipated in both the NFT and cryptocurrency community, as Bored Ape Yacht Club is already a strong and recognizable name in the industry. At the same time, Yuga Labs is trying to stay away from the ApeCoin cryptocurrency and give it more independence in the future. The APE token was launched on March 17, 2022 and has since grown dramatically in both price and popularity. It was immediately launched on major exchanges and attracted worldwide attention.
ApeCoin (APE) Benefits
- Origin ApeCoin is part of a strong and experienced association of NFT organizations. The developers are highly skilled and qualified, which also makes their projects reliable.
- Utility and Governance Since APE is a utility and governance token used on various platforms, it makes all systems dependent from it and makes the token a strong and reliable asset.
- PoW. Proof-of-Work consensus mechanism, which opens the way to additional income and an extensive blockchain system. < li> NFT Connection Since the token is associated with the NFT platform, it is not surprising that the team is building an NFT ecosystem around the cryptocurrency and the NFT trend has gained a place in the market. An NFT DEX is planned to be launched soon.
Disadvantages of ApeCoin (APE)
- Meme token. Many crypto enthusiasts can't help but think that APE was created as a meme token. Meme tokens are known for their exceptional volatility, even by the standards of the crypto market.
