Ape.lol
Crypto Overview
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.
Crypto Impact
To assign a comfort level investing in Ape.lol 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 Ape.lol.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.