For a limited time, investors who buy $SPONGE and stake it will also get a purchase bonus in V2 tokens equal to their purchase amount. So, investors get a free $SPONGE coin for every token they purchase. Importantly, the token gives you access to educational materials such as tutorials and interactive modules and free access to blockbuster movies in a VR world. According to the 5th Scape whitepaper, the platform will launch a range of VR-themed interactive games.

• Once the votes are tallied, the ApeCoin Foundation implements the governance decisions taken by the community.
• 99Bitcoins ($99BTC) is an established online crypto educational platform with over 700,000 users.
• This notable blockchain game leverages decentralized governance to increase accessibility and participation in the P2E gaming industry.
• Other projects in the APE ecosystem have greatly profited from BAYC’s reputation and status.

The maximum supply for ApeCoin is permanently fixed at 1 billion tokens. A portion of tokens was withheld at launch to release over a period of 48 months. Meaning, the maximum supply of $APE is likely to be hit by the year 2026. Every owner of a Bored Ape Yacht Club or Mutant Ape Yacht Club NFT was eligible to claim their share of $APE. The companion for these two NFT collections — the Bored Ape Kennel Club (BAKC) NFTs —served as a multiplier for the number of tokens that could be received.

The weight of your votes will be based on the share of tokens you own, so the more tokens — the more voting power one has. For example, Play-to-earn (P2E) games might adopt ApeCoin in the future. One example of a project already using it is Benji Bananas, a game developed by Animoca Brands. Acquiring a Benji Bananas Membership Pass allows the user to swap in-game tokens into ApeCoin. Culture has found new expression in web3 through art, gaming,
entertainment, and events. The possibilities for blockchain’s impact on culture
are so endless that they can’t possibly all be predicted yet.

It has also given every holder a piece of the governance of arguably the most vibrant NFT community. As Yugalabs dive into the metaverse, ApeCoin stands a chance of gaining core relevance in one of the most promising Web3 and blockchain narratives since NFTs – the metaverse. ApeCoin is an ERC-20 standard token issued on the Ethereum blockchain. ApeCoin has a fixed total supply of 1 billion APE tokens, which cannot be minted or burned. This means the number of ApeCoins in circulation will never go up or down.

While its name may nod to Bitcoin, the ApeCoin asset itself is more specifically a digital token built according to the Ethereum ERC-20 tokenization standard. ERC-20 is a popular token framework http://axioma-estate.ru/index.php?newsid=1338 for creating the multi-functional, highly fungible tokens found throughout the Ethereum blockchain ecosystem. ApeCoin launched with a hard-capped supply of one billion APE tokens.

Chief among its ecosystem members is Yuga Labs itself, which has adopted APE as the primary token for its projects. The Board is accountable for monitoring the decisions made by DAO members. Equally important, token owners can use their tokens to purchase new goods and services, such as the play-to-earn game that BAYC and nWay are developing. In addition, now you can use ApeCoin in Animoca Brands’ Benji Bananas game. Red flags to look out for include a poorly written website, an incomplete roadmap or white paper, and a team that has not been doxxed ahead of a new coin launch. Furthermore, big social media followings can point to wide interest in a project – but make sure that the followers are legitimate and not just bots.

After being officially revealed just yesterday, ApeCoin (APE)—the Ethereum-based token for the growing Bored Ape Yacht Club ecosystem—is now flowing. Launched today for NFT holders to claim, some 93 million tokens have already been snagged. In the online realm, Yuga Labs has partnered with gaming company Animoca Brands to build out a library of play-to-earn (P2E) gaming titles that feature APE crypto payments and rewards systems. Buy, sell, and exchange $APE along with 160+ other cryptocurrency coins and tokens at Easy Crypto. ApeCoin (APE) is an ERC-20 token that operates on the Ethereum blockchain.

These canines have their own variable traits, and could only be “adopted” within a week of launch. About 400 BAYC NFT holders didn’t claim the BAKC NFTs at launch, thus bringing the total supply to just over 9,600 NFT arts. http://life0435.mypage.ru/mo_mirovozzrenie_panteizm.html It’s intended to serve as a decentralized token for various community-led initiatives. The Mutant Ape Yacht Club (MAYC) is a group of 20,000 apes that have undergone mutations since the original BAYC apes were created.

Simply use the filter on the platform in question to search for specific types of cryptocurrencies. It is a community-backed launchpad for early-stage projects within the Blast ecosystem. Gas Wizard ($GWIZ) is a new crypto coin to buy because of its huge potential. Aiming to integrate blockchain technology to build a loyalty program for users of gas and EV charging stations, Gas Wizard is building something unique. Ultimately, the project will provide a space for gamblers to play games with a variety of cryptocurrencies for high stakes and high rewards.

Before Jun. 15, 2022, both BAYC and MAYC have a 90-day claim period. There are members of the ApeCoin DAO board, this group committed to improving the APE ecosystem. Furthermore, there will be a six-month term limit for the DAO board members, and fresh members will replace them every year. Importantly, ApeCoin’s Board of Directors oversees several projects. Despite its fluctuating price and market size, it’s intriguing to see how ApeCoin (APE) will be employed in web3.

Governance is another significant highlight in the discussions around ApeCoin and its potential. ApeCoin serves as the governance token of the Bored Ape ecosystem, and ApeCoin owners have the privilege of joining ApeCoin DAO. ApeCoin protocol enables access to different parts of the ecosystem, which you would have faced considerable difficulties in accessing. For example, the ApeCoin crypto can work as a gateway to exclusive services, games, events, and merchandise.

As one of the popular NFT collections, it has become more than an assortment of digital cartoon characters. The BAYC ecosystem has recently come up with ApeCoin APE for delivering http://audi-driver.ru/digest/finances something of utility to the community owners. After all, many experts in the domain of crypto and NFTs have pointed out how ApeCoin can deliver favorable advantages.

Like every other cryptocurrency token, ApeCoin can be transferred between users, businesses, and institutions. Outside the boundaries of NFT and the metaverse, ApeCoin can be adopted by merchants and peers as a flexible means of value storage and value transfer. Alternatively, you could purchase ApeCoin on a decentralized exchange by swapping another cryptocurrency for it.

No mechanism currently exists to further mint (create) or burn (destroy) these tokens, so its supply is expected to remain constant. At time of launch, roughly 30% of the ApeCoin supply was in circulation, with the rest scheduled to be released over the next several years. Launched in March 2022, APE is an ERC-20 token utilized for ecosystem governance, utility, and a variety of benefits only accessible to APE crypto holders.