AMC

Halal Rating :
Comfortable
Last Price $0.000000012 Last updated:
Rank 2341
1D Change -14.74 %
Market Cap $396956.78
Circulating supply 33,857,107,030,262
Maximum supply 34,690,000,000,000
Crypto Overview Crypto Impact

Crypto Overview

Categories
  • Memes
  • Ethereum Ecosystem
  • Political Memes

Overview

ApeCoin (APE) is an ERC-20 governance and utility token used within the APE ecosystem, particularly in relation to the Bored Ape Yacht Club (BAYC) NFT collection. It was launched in March 2022 by ApeCoin DAO.

Purpose and Utility

The token serves multiple functions: It acts as a governance token for the ApeCoin DAO, provides access to exclusive games, merchandise, and services, and serves as the primary token for ecosystem transactions. The APE Foundation oversees the development of projects and manages the Ecosystem Fund.

Business Model Evaluation

The token's utility is primarily focused on governance rights and access to various products and services within the APE ecosystem. The business model appears transparent, with clear documentation and open-source code. No direct involvement in prohibited activities has been identified.

Real-World Adoption

ApeCoin has achieved significant adoption within its ecosystem, being used in various NFT-related projects, games, and metaverse applications. Notable partnerships include integration with The Sandbox and other Web3 platforms.

Development Activity

The project maintains active development, with regular updates to the ecosystem and new partnerships being formed. The ApeCoin DAO actively participates in governance decisions and ecosystem expansion.

Token Distribution

The token distribution includes allocations to: BAYC founders (16%), launch contributors (14%), ApeCoin DAO treasury (47%), and BAYC NFT holders (15%). Vesting periods are in place for founder and contributor allocations.

Crypto Impact

To assign a comfort level investing in AMC from a halal perspective we need to determine whether it has a net positive or negative impact.

Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to AMC.

If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.

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Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.

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