Apecoin (APE) Project Analysis
1.Institute Short Review
ApeCoin has a strong relationship with the Bored Ape Yacht Club (BYAC) NFT ecosystem. ApeCoin is licensed with the official Ape IP from Yuga Labs (the development team of Bored Ape Yacht Club), which is also a key member of the ApeCoin Foundation. Also among the founding members are Alexis Ohanian, co-founder of Reddit, Yat Siu, co-founder of Animoca Brands, and six other prominent crypto marketers. apeCoin is extremely hot and has high potential.
2. Recent breakout points
NFT, Bored Ape Yacht Club
3. Project Description
ApeCoin is closely related to the Bored Ape Yacht Club (BYAC) NFT ecosystem, its a token for culture, gaming and commerce, used to build innovative Web3 decentralized communities. apeCoin is owned and operated by the decentralized organization ApeCoin DAO, which is supported by the Ape Foundation, which was created to act as the legal steward of ApeCoin and to manage the decisions made by the ApeCoin DAO community.
4. Token Role
ApeCoin token holders can vote on the governance and use of the ecosystem fund. Holding ApeCoin is the only requirement for membership in the ApeCoin DAO.
5. Token Allocation
The total supply of ApeCoin is 1 billion tokens.
ApeCoin Community 62%
Yuga Labs+Charity 16%
Launch Contributors 14%
Bayc Founding Team 8%
Note: 15% of the total ApeCoin supply will be available to BAYC/MAYC NFT holders (Bored Apes and Mutant Apes, and BAKC dogs paired with BAYC or MAYC) and will be available for pickup on March 17 at 8:30 EST (20:30 BST)
6. Investment institutions
Yuga Labs, Reddit co-founder Alexis Ohanian, Animoca Brands co-founder Yat Siu, etc.
7. Future Outlook
Bored Ape Yacht Club (BYAC) is the leading project in the NFT segment, and ApeCoin has a close relationship with the Bored Ape Yacht Club (BYAC) NFT ecosystem. Relying on BYAC's huge community ecology and influence, ApeCoin is expected to be a big hit in the short term. In addition, the ApeCoin Foundation has a large lineup and is expected to continue to gain capital attention subsequently, injecting new capital and vitality into the project, making it a project worthy of long-term attention with very high growth potential expected. However, investors should also note that the short-term ApeCoin rise may be too high and investors should be cautious in chasing the rise.
Token name: APE
Project website: https://apecoin.com/
Contract address: 0x4d224452801ACEd8B2F0aebE155379bb5D594381
APE is a token to support the next generation, controlled and built by the community. It will serve as a decentralized protocol layer for community-led initiatives that drive the culture toward a meta-universe. the APE Foundation is the administrator of ApeCoin. It is not an overseer, but a foundation layer that ApeCoin holders in the ApeCoin DAO can build.
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