Shilly The BAYC Recording Artist Powered by ApeCoin Withdrawn AIPs ApeCoin DAO

Currently, Binance, Coinbase, and Kraken are among the largest exchanges supporting APE. ApeCoin is a utility and governance token that was created to empower the community surrounding the APE ecosystem, which was built on the back of the Bored Ape Yacht Club . While APE is not the official token of Yuga Labs’s BAYC ecosystem, the Yuga Labs team has revealed once APE launched that it would be used as the platform’s primary token. In addition to governance capabilities, ApeCoin can be used as virtually any other ERC-20 cryptocurrency as a means of payment both within the APE ecosystem and outside of it.

As APE is an ERC-20 token, you could swap Ethereum-based stablecoins or ETH on a decentralized exchange like Uniswap for ApeCoin, for example. Moreover, numerous crypto wallets also offer in-app token swapping, enabling you to swap other ERC-20 tokens for APE. Crypto exchanges are online trading platforms for digital assets that function in a similar way as online stock brokerage platforms, such as Fidelity or Charles Schwab.

ApeCoin Price Analysis: From Launch to Now

The ApeCoin Foundation implements the governance decisions taken by the community. Acclaimed as a creator of the Bored Ape Yacht Club, Yuga Labs serves as a community member in the ApeCoin DAO. They have adopted ApeCoin as their primary token in the projects they undertake. Let’s learn concise information about the NFT collections that are a part of the APE ecosystem.

Designed identically to any other Web3 coin, ApeCoin can be used for payments. ApeCoin is technically acceptable by most merchants because it is a pervasive ERC-20 token. The coin is also already in use as NFT rewards, and holders with the BAYC receive free APE that they can immediately cash. As an NFT basket of up to 20,000 mutated versions of the BAYC Apes, the MAYC helps onboard new members to the Ape community.

ApeCoin DAO exists because decentralized governance is critical to building and managing a globally dispersed community—and therefore critical to the success of the APE ecosystem. The tokens surged and sank as new features in the Bored Ape Yacht Club ecosystem went live. Crypto market capitalization regained the $1 trillion mark early on Monday, up from around $800 million in June. José is a copywriter and journalist with over 4 years of experience in the crypto field.

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Incentivization – ApeCoin is a tool for third-party developers to participate in the ecosystem by incorporating APE into services, games, and other projects. Access – ApeCoin provides access to certain parts of the ecosystem that are otherwise unavailable, such as exclusive games, merch, events, and services. Analysis was done on daily data, so all moving averages, RSI, etc.., were calculated on a daily APEcoin price chart. To see more analysis and outlook please check the APEcoin price prediction page.

The ApeCoin Foundation is led by the Board, a body of five members that the APE holders elect on an annual basis. We are putting everything we have into Shilly from the music, to the art, to the size of his calve muscles . Along with a collaborative community of musicians and storytellers Shilly will break into the mainstream in a major way.

Overview of the ApeCoin Ecosystem

Crypto exchanges typically require you to make a minimum deposit, ranging from $10 to $20. However, there are a handful of trading apps that allow you to purchase crypto for as little as $1. If you are building what sounds like a creative house, and desiring to use the ape coin logos for marketing, you are you also in turn giving a % of royalties x profits back to the DAO outside of the noted music video? You utilize the APEcoin credibility as well in pushing anything predicted with the association i.e. logo as expressed. A part of this allocation will go toward the primatologist Jane Goodall’s charity foundation. 14% of the tokens are for the people who contributed to the launch of the ApeCoin protocol.

With ApeCoin set to be integrated with the upcoming metaverse Otherside, which could make it a high-in-demand metaverse coin this year. If the Metaverse incorporates P2E elements, it might also be used for rewarding players. As the legal representative of the DAO, the ApeCoin Foundation facilitates the growth of the ecosystem. The Foundation has a special body called the Board that executes the community’s visions. The APE Board comprises five members from the technology and crypto community.

How is the APE token used?

If we want to expand the ApeCoin brand and usage I believe we need more people from outside NFT communites and “web3”, we need great prodcuts and services that people wanna use regardless of a token. With the help of a grant from the ApecoinDAO Shilly https://xcritical.com/ will be the first chart topping NFT recording artist and bring apecoin adoption to another level. The fact that ApeCoin has been issued by a dynamic online community like the Bored Ape Yacht Club has given it streams of takers right from the start.

Apecoin will be an official payment option for all things Shilly and the Apecoin logo and imagery will be featured prominently in Shilly content. Depending on your mood and choice, you can choose these apes down to the tiniest details. Investors across the world have put their money into these artworks and the buyers include the likes of Justin Bieber and Eminem. Learn more about our full range of powerful features including the best charts on the web. The Otherside of NFTs Otherdeed travels into the metaverse, STEPN steps into Ethereum, GameStop launches NFT marketplace and MORE in this week’s NFT update. During these bleak times, various NFT and GameFi projects continue to buidl, despite the immense pressure coming from traditional institutions.

• The Bored Ape Yacht Club is a highly popular NFT collection composed of 10,000 unique images of cartoon apes.
• If we do not hear from you within 48 hours after your topic closes, your topic will be moved straight to the AIP Draft process.
• The APE Improvement Proposal Process will allow ApeCoin DAO members to make decisions regarding Ecosystem Fund allocations, governance rules, projects, partnerships, and beyond.
• But that did little to affect ether prices as the broader market traded flat.
• The tokens surged and sank as new features in the Bored Ape Yacht Club ecosystem went live.

While purchasing ApeCoin on a crypto exchange is arguably the simplest option, you could also purchase APE on a peer-to-peer exchange or a decentralized exchange . Mutant Ape Yacht Club expanded on the original concept unveiled by the BAYC with a unique twist. Each NFT collectible in the collection shares traits with original BAYC items but also features a mutant aspect due to them being exposed to a vial of airdropped “Mutant Serum”. Half of the collection, which consists of 20,000 unique NFTs, was sold in a public auction, while the remaining half was created by original BAYC holders. Once APE owners cast their votes and the final decision is reached, the ApeCoin Foundation is tasked with the implementation of community decisions.

The goal of the APE Foundation is to steward the growth and development of the APE ecosystem in a fair and inclusive way. Compared to other crypto coins which started the same year as APEcoin it has above-average trading volume, average volume for the other 804 coins started in 2020 is $4M while APE has $169M. ApeCoin DAO – A decentralized governance organization that will make decisions regarding Ecosystem Fund allocations, governance rules, projects, partnerships, and more. BAYC – The Bored Ape Yacht Club is a collection of digital art crafted into NFTs where the token itself doubles as a membership to a swamp club for apes. Yuga Labs – Yuga Labs is a web3 company best known for the creation of the Bored Ape Yacht Club. No minting capability is exposed through the contract interface, thus the total supply will never increase.

Live ApeCoin (APE) Price, Historical Chart & ApeCoin Market Cap

Consult with a qualified professional before making any financial decisions. This article is not a recommendation by Investopedia or the writer to invest in cryptocurrencies nor can the accuracy or timeliness of the information be guaranteed. According to our historical chart for the price of ApeCoin, the price of APE was about $8.69 upon a series of centralized exchange listings in March 2022. ApeCoin’s price quickly increased beyond $15 and reached a monthly high in March just above $18, fueling bullish APE price predictions from investors. However, as the ApeCoin price chart shows, the token had faced considerable selling pressure in the months after the initial surge.

Next, scroll through the available offers to buy ApeCoin for a payment method that works for you. These marketplaces typically use escrow to enhance security, but it’s still advisable to only trade with users with high trust ratings. For investors, ApeCoin provides investment exposure to the Web3 ecosystem built on the Bored Ape brand. The market cap of ApeCoin has reflected high volatility in the crypto market ever since the token first became available to the broader community in the first half of 2022.

Everything About APEcoin

Crypto lending is the process of depositing cryptocurrency that is lent out to borrowers in return for regular interest payments. Atomic swaps are smart contracts that enable the exchange of cryptocurrencies from different blockchains in one transaction instead of many. OpenSea is the largest non-fungible token marketplace, offering the ability to buy, sell, create, and trade.

Third-party developers use ApeCoin to play a role in the ecosystem and incorporate the token into their services, games and various projects. For instance, in Animoca Brands’ Benji Bananas, a play-to-earn mobile game, the coin is adopted as an incentive for players. They will be able to earn special tokens when playing and swap these tokens for ApeCoin.

After the initial 6-month term, DAO members will vote annually to keep existing or appoint new Board members. ApeCoin token holders can also remove or replace a Board member at any time with a majority “In favor” vote. Any data, text or other content on this page is provided as general market information and not as investment advice. CoinDesk is an independently managed media company, wholly owned by the Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

In a March 2022 seed round led by a16z crypto, Yuga Labs raised $450 million, data from Crunchbase shows. CoinCentral’s owners, writers, and/or guest post authors may or may not have a vested interest in any of the above projects and businesses. None of the content on CoinCentral is investment advice nor is it a replacement for advice from a certified financial planner. The Ape Foundation is the legal steward of the ApeCoin what is apecoin DAO. It acts as a sort of corporational parent of the DAO and carries out community-approved proposals, facilitating its development and growth. The ApeCoinDAO and the Ape Foundation are two entities working together to ensure the future of ApeCoin rolls out as the community envisions it. However, the BAYC team envisions a much larger future for the Bored Ape ecosystem– and ApeCoin will serve several important functions.