Ape Coin Crypto | Ape Coin Update | Ape Coin How To Buy
Ape Coin Crypto | Ape Coin Update | Ape Coin How To Buy
👉 Ape Coin Official Twitter: / apecoin
🔗 All our links (Website, Email, Telegram, WhatsApp): https://linktr.ee/ytranker
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Welcome to our Ape Coin Crypto video!
What Is Ape Coin ?
ApeCoin is an open-source protocol layer from Yuga Labs, the makers of the Bored Ape Yacht Club.
ApeCoin is a decentralized protocol that can be used by developers for various projects driven by the ApeCoin DAO and linked to the Bored Ape Yacht Club NFT collection.
ApeCoinApeCoin is the next step for the Bored Ape community to grow the brand. They want to decentralize the Bored Ape brand with the ApeCoin and start new projects in the areas of culture, gaming and commerce.
One of the upcoming projects is a blockchain game Bored Ape promised by Yuga Labs. The game will use APE as its official currency. Other projects are marketplaces and events where payment can be made with APE.
APE is an ERC-20 token and is the utility and governance token within the ApeCoin ecosystem.
ApeCoin History
APE logoBefore you rush in and buy ApeCoin, it’s wise to understand what the coin is and how it works. ApeCoin is relatively new to the crypto market, yet the information surrounding the project already seems promising. Due to this, investors are already beginning to pay attention in the hope of achieving market-beating returns.
Put simply, ApeCoin is an ERC-20 token designed for governance and utility. Hosted on the Ethereum blockchain, ApeCoin was created and launched by ApeCoin DAO – a decentralized autonomous organization with the sole goal of growing the coin in the coming years.
This is where things can become a little confusing, as ApeCoin is also the ‘official’ token of the Bored Ape Yacht Club NFT collection. However, contrary to popular belief, ApeCoin was not created by Yuga Labs, the parent company of the NFT collection.
APECOIN PROTOCOL - Governance, Unification of Spend, Access
According to the Apecoin website, ApeCoin is an ERC-20 governance and utility token used within the APE ecosystem to empower a decentralized community building at the forefront of web3.
As the open-source protocol layer of the ecosystem, ApeCoin serves several purposes:
Governence: ApeCoin is the ecosystem’s governance token, allowing ApeCoin holders to participate in ApeCoin DAO.
Owners of Bored Apes automatically become a member of an exclusive club, with perks ranging from early access to new offerings to the possibility of receiving the commercial usage right to purchased Bored Apes.
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The information contained herein is for informational purposes only. Nothing here shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses a considerable risk of loss. The speaker does not guarantee any particular outcome.
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🔗 All our links (Website, Email, Telegram, WhatsApp): https://linktr.ee/ytranker
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⏰ Time Stamp ⏰
00:00 Intro
00:34 what is APE Coin
02:00 Outro