APE is the token that powers the next steps, controlled and built by the community. It will serve as a decentralized protocol layer for community-led initiatives that drive culture toward the metaverse. The APE Foundation is the steward of ApeCoin. It is not an overseer but the foundational layer within the ApeCoin DAO where ApeCoin holders can build.

ApeCoin (APE) is the native governance token that empowers the decentralized community building within the APE ecosystem. The APE ecosystem includes the Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) communities. BAYC and MAYC are two of the most popular NFT series on Ethereum.

Project Introduction

The parent company of Bored Ape Yacht Club (BAYC), Yuga Labs, officially launched the ApeCoin (APE) token, which will be distributed to BAYC/MAYC members via a claim page. Bored Ape Yacht Club (BAYC) is one of the well-known NFT collections, previously garnering attention from auction houses such as Christies.

ApeCoin (APE) is owned and operated by the ApeCoin DAO, a decentralized organization where each token holder can vote on the governance and use of the ecosystem fund. Holding ApeCoin is the sole requirement for membership in the ApeCoin DAO. The DAO is supported by the Ape Foundation, which was created to act as the legal steward of ApeCoin and manage the decisions made by the ApeCoin DAO community.