What is apecoin?

ApeCoin is a decentralized project inspired by Yuga Labs’ Bored Ape Yacht Club project. ApeCoin was founded to be used within the burgeoning APE Ecosystem, which is supported by the APE Foundation.

What is ape coin?

Ape Coin is issued and managed by the Ape Coin DAO. This technically is not supposed to have anything to do with Yuga Labs. It is a separate decentralized entity that holds the IP rights to the Ape Coin logo and manages decisions around minting and other community related concerns. Ape Coins holders can use their coin to vote on DAO decisions

How do apecoin holders govern themselves?

ApeCoin holders govern themselves via the decentralized governance framework controlling the ApeCoin DAO, and vote on how the ApeCoin DAO Ecosystem Fund should be used. The APE Foundation administers proposals agreed upon by ApeCoin holders. 2. Who Are the Founders of ApeCoin?

How much apecoin is in circulation?

On launch day, March 17, 2022, 30.25% will be in circulation. This percentage will continually increase following launch day at regular intervals over a 48-month period. The amount of ApeCoin in circulation is a dynamic number that will constantly change both due to the aforementioned schedule and a myriad of market factors.