What is apecoin (ape)?

ApeCoin (APE) is an Ethereum -based token linked to the Bored Ape Yacht Club NFTs. Bored Ape Yacht Club NFTs are one of the most successful NFT projects to date. Bored Apes have sold for unthinkable prices. Their notoriety amongst celebrities and high-profile NFT collectors has bolstered their astronomic rise. RELATED What Is a Bored Ape NFT?

What is apecoin Dao?

The ApeCoin DAO is a decentralized organization that allows all APE holders to vote on governance decisions related to the token. In addition, APE is adopted by Yuga Labs as the primary token for all new products and services. Yuga Labs is the creator of the trending Bored Ape Yacht Club (BAYC) NFT collections.

How much is apecoin worth?

For original Bored Ape owners, the 10,094 tokens comes out to more than $80,000 worth of ApeCoin, as of this writing. For Mutant Ape owners, the 2,042 tokens are worth about $16,400 right now.

Who is in charge of ape distribution?

In charge of APE distribution is the ApeCoin DAO, a decentralized autonomous organization. Airdropping tokens is a common marketing tactic to get new blockchain projects into people's wallets. This attracts public scrutiny and triggers the FOMO instinct—fear of missing out.