What are the Apes in the bored ape Yacht Club?

The idea for the apes in the Bored Ape Yacht Club came from the history of people in cryptocurrency calling themselves “apes.” Furthermore, 36 investors have invested heavily into Yuga Labs. The most recent ones are Friendly Trading and Coinbase. It has become one of the most valuable NFT projects by market cap.

What is apecoin (ape)?

Bored Ape NFT holders can claim free tokens, plus it can be purchased at exchanges. After being officially revealed just yesterday, ApeCoin (APE)—tthe Ethereum-based token for the growing Bored Ape Yacht Club ecosystem—is now flowing. Launched today for NFT holders to claim, some 93 million tokens have already been snagged.

What's the difference between ape and Otherside?

The key point to remember is that APE is both a governance and a utility token for the upcoming Otherside metaverse platform. The governance part refers to token holders' voting rights on the direction of the ecosystem and partnerships. The utility part refers to using APE coins for whatever utility new projects demand.

Is apecoin (ape) rebounding from early volatility?

The exploit, along with a trend of users immediately selling their APE rewards, has made for a bout of volatility in ApeCoin (APE) crypto since its launch. However, that’s not dissuading investors. APE’s price is rebounding quickly from early volatility. Currently, the token is up more than 80%.