Ape.lol

Purpose and Utility

ApeCoin (APE) is the governance and utility token of the APE ecosystem, launched in March 2022. It serves as the native currency for all products and services in the Bored Ape Yacht Club (BAYC) ecosystem, including games, merchandise, and events.

Business Model

The token primarily functions as a governance mechanism for the ApeCoin DAO and as a utility token within the ecosystem. The business model focuses on gaming, entertainment, and digital culture, with no inherent interest-bearing or gambling mechanisms.

Real-World Adoption

APE has seen significant adoption in gaming and metaverse projects, particularly in Yuga Labs' Otherside metaverse game. The token is actively used for purchasing virtual land, in-game items, and exclusive merchandise.

Platform Development

The ecosystem shows continuous development activity, with regular updates to the DAO governance system and new partnerships in gaming and entertainment sectors. The ApeCoin DAO actively manages proposals and ecosystem development.

Token Distribution

The token distribution includes allocations to: BAYC ecosystem (62%), ApeCoin DAO treasury (47.5%), BAYC founders (16%), and launch contributors (14%). Vesting periods are in place for founder and contributor allocations.

Revenue Model

The project generates revenue through ecosystem transactions and partnerships, without relying on interest-bearing mechanisms or prohibited activities.