What is apecoin (ape)?

The push for token-tied NFTs comes in the wake of ApeCoin’s ongoing success, which is the token tied to Yuga Labs’ Bored Ape Yacht Club and Mutant Ape Yacht Club NFT collections. ApeCoin (APE) launched in mid-March, with a portion airdropped to NFT holders of various Yuga Labs collections.

How much is apecoin worth?

ApeCoin’s “launch contributors” are set to collectively receive 25 million APE tokens, or about $115 million worth as of this writing. APE’s price is down about 9% today ahead of the unlock amid questions over whether recipients will dump their tokens on the market.

Will apecoin be used by bored ape Yacht Club (bayc) NFT?

ApeCoin will be used by the Bored Ape Yacht Club (BAYC) NFT collection — one of the most valuable collections by market capitalization — as a token. BAYC by Yuga Labs quickly rose to fame after its launch in 2021, attracting attention from stars like Mark Cuban, Stephen Curry, Serena Williams, Eminem, Paris Hilton, and others.

Will apecoin airdrop a bored ape?

The airdrop distribution will depend on whether NFT owners hold a Bored Ape or a Mutant Ape and whether the NFT is paired with a Bored Ape Kennel Club NFT. ApeCoin is enabling claims for its airdrop on March 17, 2022; thus, no price is available at the time of writing. Price prediction is fairly difficult to make.