APEcoin.dev

Overview

ApeCoin (APE) is an ERC-20 governance and utility token launched in March 2022, serving as the native currency of the APE ecosystem, which includes the Bored Ape Yacht Club (BAYC) NFT collection.

Purpose and Utility

The token's primary utilities include: Governance rights in the ApeCoin DAO, access to exclusive games, merchandise, and services, and use as a payment method within the broader APE ecosystem including virtual worlds like Otherside.

Business Model Evaluation

The business model centers on creating a decentralized ecosystem for Web3 gaming, entertainment, and digital commerce. The token facilitates real economic activity through gaming, digital asset trading, and ecosystem participation.

Real-World Adoption

APE has achieved significant adoption, being listed on major exchanges and integrated into various Web3 platforms. The token is actively used for its intended purposes, including governance voting and ecosystem transactions.

Development Activity

The project maintains active development, with regular updates to the ecosystem infrastructure and new partnerships announced regularly. The ApeCoin DAO actively governs the ecosystem's development.

Token Distribution

The token distribution includes allocations to: BAYC holders (15%), ApeCoin DAO treasury (47.5%), BAYC founders (8%), and launch contributors (14%). Vesting periods are in place for various stakeholders, promoting long-term alignment.