APE is the token that supports the next step, controlled and built by the community. It will serve as a decentralized protocol layer for community-led initiatives advancing culture towards the metaverse. The APE Foundation is the administrator of ApeCoin. It is not a supervisor, but a base layer on which ApeCoin holders in the ApeCoin DAO can build.

ApeCoin (APE) is a native governance token that empowers the construction of APE ecological decentralized communities. The APE ecosystem includes 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

Bored Ape Yacht Club (BAYC) Yuga Labs, the parent company of Bored Ape Yacht Club (BAYC), officially launched the token ApeCoin (APE), which will be distributed to BAYC/MAYC members through the application page.
Bored Ape Yacht Club (BAYC) is one of the well-known NFT collectibles, which has previously attracted the attention of auction houses such as Christie's.

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