ApeCoin is a digital asset that serves as a governance and utility token within the APE Ecosystem, a decentralized community focused on web3 technology. ApeCoin holders are able to govern themselves through the ApeCoin Decentralized Autonomous Organization (DAO) and vote on the use of the ApeCoin DAO Ecosystem Fund.
The APE Foundation, an administrative council, is responsible for implementing proposals agreed upon by ApeCoin holders and is overseen by members of the ApeCoin DAO. ApeCoin is unique in that it allows token holders to participate in the ApeCoin DAO and provides a shared, open currency that can be used without centralized intermediaries.
Additionally, it gives access to exclusive games and services within the APE Ecosystem and serves as a tool for third-party developers to incorporate into their own projects.
A total of 1 billion ApeCoin tokens were minted at launch, with a fixed supply, and a portion of these tokens will be released into circulation over a 48-month period following launch day.
ApeCoin is secured through the Ethereum blockchain’s proof-of-work consensus mechanism and can be purchased on various exchange platforms, including decentralized and centralized exchanges.
