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 the apecoin Dao?

The ApeCoin DAO is a decentralized autonomous organization (DAO) where ApeCoin holders can use their tokens to determine the future of the Bored Ape Yacht Club metaverse. Holders of ApeCoin can also use the token to buy assets within the ApeCoin metaverse, such as virtual land in Yuga Labs’ NFT world, Otherside.

Is apecoin from the bored ape Yacht Club?

A press release, courtesy of a company called Strange Brew Strategies, warns journalists that “it’s probably tempting to write that ApeCoin is from the Bored Ape Yacht Club to simplify things, but it’s not accurate.” The distribution model for ApeCoin further complicates that question of agency.

Is apecoin Dao a Yuga labs token?

It hinges on the idea that ApeCoin DAO is entirely independent from Yuga Labs. If Yuga Labs issued a token explicitly as a reward for Bored Ape holders, you could more easily make the argument that a Bored Ape is a kind of investment, and therefore subject to securities regulations.