$APE

As a governance and utility token, ApeCoin has multiple purposes in the APE ecosystem. ApeCoin allows token holders to participate in the governance of the DAO and gain access to exclusive features of the ecosystem, such as games, events, merchandise, and services.

Web3

ApeCoin is designed like any other Web3 currency and can be used for payments. Technically, most merchants accept it since it is a ubiquitous ERC-20 (Ethereum) token. The currency is also used as an NFT reward, and members of the Bored Ape Yacht Club receive APE for free that they can redeem immediately.

'Play-to-earn' Games

External developers use ApeCoin to play a role in the ecosystem and integrate it into their services, games, and various projects. For example, in the mobile play-to-earn (P2E) game by Animoca Brands, Benji Bananas, the currency is used as an incentive for players. They can earn special tokens while playing and exchange them for ApeCoin.

ApeCoin is popular among traders. What are the main reasons to invest in this coin?

Exclusive image

Established on the Ethereum network

Projects: Web 3.0, play-to-earn, NFT

Tokens grant voting rights in the community

APE supports true apes through the Jane Goodall Foundation

There is much to gain with cryptocurrencies, but one must often be cautious. What should be considered when investing in ApeCoin?

High hype factor

Large price fluctuations in the past

High transaction costs