Bayc Just Announced The Launch Of The $ape Token

In June, BitPay processed a total of 66,608 transactions, according to data published on its website. BitPay users are now able to buy, store and swap the two new cryptocurrencies in the BitPay wallets and spend them instead https://xcritical.com/ of cash. This website is using a security service to protect itself from online attacks. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data.

First and foremost, it’s important to note the new players in the BAYC ecosystem. The newly founded ApeCoinDAO is the creator behind the launch of ApeCoin, not Yuga Labs or the Bored Ape Yacht Club. ApeCoinDAO exists to give $APE token holders a vote on fund allocations, governance rules, projects, partnerships, and beyond. Holding ApeCoin is the only requirement for membership in the ApeCoinDAO.

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The purpose of the Board is to administer DAO proposals and serve the vision of the community. It meets on proposals requiring administrative review under ApeCoinDAO rules. The Ape Foundation will utilize the Ecosystem Fund, which is controlled by a multisig wallet. This fund will be used to pay expenses as directed by the ApeCoinDAO and provides an infrastructure for ApeCoin holders to collaborate through open and permissionless governance processes. The NFT space seems to be experiencing some March Madness of its own. Only days after the Bored Ape Yacht Club acquired CryptoPunks and Meebits, the crew behind the influential project has announced the launch of a new token, ApeCoin ($APE).

Litecoin (21.21%) and Ethereum (9.71%) come in second and third places, respectively. Shiba Inu accounted for less than 0.5% of all transactions, which is a smaller share compared to March. Initially, 62% of the total supply of ApeCoin is allocated to the ApeCoin community, with a portion claimable by BAYC NFT holders. ApeCoin is billed as a “token for culture, gaming, and commerce used to empower a decentralized community building at the forefront of web3.” What does this mean? Also on the investor’s list is Blocto, , whose primary goal is to simplify interaction with blockchain applications across various blockchains both for developers and everyday users. Billionaire Mark Cuban is laying out his latest altcoin picks as the crypto markets push through and continue to show signs of life.

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The Ape Foundation is not the overseer of ApeCoin, but more of the steward of $APE. The foundation will act as the base layer upon which ApeCoin holders in the ApeCoinDAO can build.

• He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at
• The NFT space seems to be experiencing some March Madness of its own.
• In June, BitPay processed a total of 66,608 transactions, according to data published on its website.
• Billionaire Mark Cuban is laying out his latest altcoin picks as the crypto markets push through and continue to show signs of life.
• The coin is expected to begin trading on major crypto exchanges in the very near future.

Klima DAO is a project designed to enable users to participate in the carbon market through its KLIMA token. According to the project’s website, one KLIMA is backed by at least one tonne of tokenized verified carbon offsets locked in the protocol’s treasury. In July, Yachtzoo, the Monaco-based luxury yacht company, partnered with BitPay, making it possible for its customers to buy, sell or charter a yacht with the help of a wide range of digital assets. Another altcoin on Cuban’s list is Injective , a decentralized exchange that offers margin trading, derivatives and other services on an extensive cross-chain platform. The extensive list of merchants supported by the prominent crypto company includes AMC Theatres, the largest cinema chain in the world, and major electronics retailer Newegg. Bitcoin, the largest cryptocurrency, accounted for more than half of all the transactions (53.3%).

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Kuoni, a Switzerland-based tourism company, also announced a partnership with BitPay last month. ApeCoin is the 34th biggest cryptocurrency at the time of writing, according to CoinMarketCap data. The initial Board What is ApeCoin (APE) will serve for a term of six months, after which the ApeCoinDAO will vote on new members annually. Finally, a special council on the Ape Foundation will provide oversight of the Foundation administrators.

Alex Dovbnya is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at

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In short, it seems that $APE will serve as a token to govern the future of the Bored Ape community. In addition, the Atlanta, Georgia-based company added a euro-backed stablecoin called Euro Coin to the list of available cryptocurrencies. For all other NFT enthusiasts that don’t own a BAYC NFT, ApeCoin will be available to all in due time. The coin is expected to begin trading on major crypto exchanges in the very near future. Addittional announcements surrounding $APE will be made via the ApeCoin Twitter account. Learn more about ApeCoin and ApeCoin governance via the official ApeCoin website.