APEcoin.dev
Crypto Overview
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.
Crypto Impact
To assign a comfort level investing in APEcoin.dev 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 APEcoin.dev.
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.