APE Coin has finally become a reality and was airdropped to BAYC NFT holders. Here's everything you need to know about it.
APE Coin has finally become a reality and was airdropped to BAYC NFT holders. Here’s everything you need to know about it.
In this article, we’re taking a closer look at the long-awaited APE coin by Yuga Labs – the creators of thePut simply, APE Coin is the native cryptocurrency of the BAYC ecosystem. It’s designed to be the decentralized protocol layer for various initiatives that are supposed to be led by the community.. The cryptocurrency is traded on some of the biggest exchanges, such as Binance, FTX, Huobi, KuCoin, Bybit, Kraken, and so forth.The total supply of APE is fixed at 1 billion tokens.
There are also 14% to launch contributors that fall under different lockups, and 8% of the tokens will go to the founders of BAYC under a 12-month lock-up and 2,222,222.22 unlocked tokens per month after that.Stewarding APE coin is the ape foundation – it’s the base layer where holders and the DAO can build. Per the official website:
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