The BAYC native asset is claimable for a 90-day window, with each holder receiving 10,000 ApeCoins.

We’re excited to announce that Kraken now supports ApeCoin (APE)! Funding and Trading You can add APE to your Kraken account by navigating to Funding, selecting the asset, and hitting Deposit. Trading is now live. Here’s what you need to know: Ticker APE Tradeable against…

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The Bored Ape Yacht Club (BAYC) NFT collection announced its highly anticipated ApeCoin ($APE), an ERC-20 token produced on the Ethereum platform. ApeCoin Will be Governed by a New DAO ApeCoin is described as the “token for culture, gaming, and commerce used to empower a decentralized community building at the forefront of web3” or the expansion of the BAYC universe. Introducing ApeCoin ($APE), a token for culture, gaming, and commerce used to empower a decentralized community building at the forefront of web3. 🧵 — ApeCoin (@apecoin) March 16, 2022 Notably, the token was not created by Yuga Labs, the developer behind the Bored Ape Yacht Club (BAYC) NFT Collection but the newly founded ApeCoinDAO. The only requirement to join this DAO is holding ApeCoin. To put it simply, $APE will serve as a token to govern the future of the Bored Ape community which includes funding allocations, governance rules, projects, partnerships among others. Yuga Labs is adopting ApeCoin “as the primary token for all new products and services” including its blockchain game coming later this year, according to an official statement. In fact, Animoca Brands’s blockchain game Benji Bananas will also implement ApeCoin starting today. Major Exchanges Announced Support for $APE Immediately after $APE was revealed, Coinbase Assets Twitter account announced supporting the token on an “experimental basis” starting today at 12:00 PM EST, assuming key liquidity thresholds are met. New asset: Coinbase will add support for APE with the Experimental label. Learn more about the Experimental label here: https://t.co/MBMBbYyZ7S pic.twitter.com/9FuL5I1bQA — Coinbase Assets (@CoinbaseAssets) March 16, 2022 The Experimental label, as per Coinbase’s website, refers to “certain tradable assets that are either new to our platform or have relatively low trading volume compared to our broader crypto marketplace.” In addition to Coinbase, a few of the significant U.S. exchanges including FTX, Kraken, Gemini, Binance.US, too announced support for the newly launched token. Upcoming listing on FTX: $APE spot and perpetual futures!@apecoinListing details: https://t.co/3zGsvrAmxu pic.twitter.com/jyLmoGuJVw — FTX (@FTX_Official) March 16, 2022 The news comes just days after Yuga Labs, the creator of Bored Ape Yacht Club, had acquired the CryptoPunks and Meebits NFT series from Larva Labs.

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Yuga Labs, the creator of the massively popular Bored Ape Yacht Club (BAYC) NFT collection, said it had launched a new token, ApeCoin (APE), for use on the BAYC ecosystem. Yuga will also airdrop 15% of total APE supply to BAYC holders later today. The firm said it had set up a foundation to oversee

The post Breaking: Bored Ape Yacht Club Creator Announces New ApeCoin (APE) Token appeared first on CoinGape.

ApeCoin will be distributed among owners of BAYC NFTs and is set to be used as the “primary token” in a new ecosystem of play-to-earn games from Yuga Labs and Animoca Brands.

Bored Ape Yacht Club’s (BAYC) floor price surged to 106.5 ETH since the launch of ApeCoin, while its spin-off collection Mutant Ape Yacht Club’s (MAYC) floor price rose to 23.65 ETH at press time. See related article: Bored Ape Yacht Club teams up with Animoca Brands to develop play-to-earn game Fast facts The ApeCoin launch […]

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Reddit co-founder Alexis Ohanian and FTX’s Amy Wu are on the board of the new BAYC-inspired ApeCoin DAO.

A long-rumored crypto token tied to the Bored Ape NFT community was unveiled on Wednesday.

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