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Following the launch, BAYC and MAYC holders could claim up to 15% of the total supply—or 150 million tokens. As a result, Bored Ape owners can receive about 10,000 tokens worth more than $80,000, whereas Mutant Ape holders may receive about 2,000 tokens worth over $15,000 (at the time of airdrop). ApeCoin officially creates the ApeCoin decentralized autonomous organization (DAO) to govern the token and its roadmap. The DAO will decide how to allocate the Ecosystem Fund and develop exciting new projects. Many of these projects will focus on the APE ecosystem, including the Bored Ape Yacht Club everything you need to know about apecoin and Mutant Ape Yacht Club.

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US stocks markets have hit record highs in the wake of Donald Trump’s sweeping victory in the presidential election. “All hospitality businesses, we believe, plan to increase prices, as a result. Wetherspoon will, as always, make every attempt to stay as competitive as possible,” he https://www.xcritical.com/ said. “In the nightmare trade scenario of huge tariffs… if this happens, this is going to make Brexit feel like a papercut.” Sign up for the latest from GBH News delivered to your inbox three times a week. If passed, this measure would remove the graduation requirement for Massachusetts public school students to pass the 10th grade exam.

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Some third-party projects are already strategizing the use of ApeCoin. For example, Benji Bananas, a popular mobile video game created by Animoca Brands decided to integrate play-to-earn modularity in which players can earn in-game tokens that can be exchanged for ApeCoin. ApeCoin could become one of the most prominent governance and utility tokens in the Web3 space, given the notoriety of BYAC and MAYC. However, the token’s value will ultimately depend on whether existing holders (e.g., BYAC members) hold or sell their ApeCoins and the broader ecosystem that develops around the tokens.

NFT sales – Monthly trading volume drops with 97%, while reddit NFT’s are rising.

Ultimately, the token’s value will depend on the growth in the ecosystem over time since. The finite supply of tokens means that they could increase in value if there’s greater demand for them to spend on goods or services. Unlike Dogecoin, which was a meme coin that went hunting for utility due to its popularity, APE’s creation wasn’t a random event.

Heirloom will be available for explosive play on 6v6 and 2v2 game modes, so there are a few ways to explore this virtual playground. Set inside a museum, there are lots of nooks and crannies to hide behind. We also asked the state’s coaches to identify the biggest issue facing Delaware high school football.

Born from the popularity of the Bored Ape Yacht Club but striving for its own identity, ApeCoin has quickly become a significant player in the crypto ecosystem. Its success hinges on the growth of the APE ecosystem, the development of the metaverse, and its ability to maintain relevance in the fast-paced world of digital assets. ApeCoin is mostly used as the governance token for the ApeCoin DAO and for trading at major exchanges. It is a relatively new project but it has bold plans; the BAYC team has outlined their intentions of making APE the de facto currency for a vast ecosystem of projects building on the Otherside metaverse. As with any other ERC-20 tokens, anyone can buy and sell ApeCoin on cryptocurrency exchanges like Binance.

Students would still take the exam, but schools would use their own graduation criteria. The Massachusetts Teachers Union is pushing the measure, arguing that standardized tests aren’t the best way to measure students’ abilities. Some parents’ groups oppose the measure, saying that it helps ensure that high standards are met by all students. When you register to vote, you’ll be asked if you want to enroll in a party or stay unenrolled.

Comparing apples to apples, APE is currently 5.75% of ETH’s market cap. As the market begins to pick up, APE might go up a bit faster than ETH, it being the nimbler of the two. However, I would be hard-pressed to imagine it capturing more than 30% of ETH’s value. There are plenty of other DeFi protocols that could easily win that race. However, with the right combination, it is possible to imagine APE going past its last peak price to scale new heights.

The Beaver Moon happens in November, which coincides with the time of year when beavers become particularly busy building their dams for the long winter ahead. These nocturnal creatures make the most of the full moon’s bright light. Traditionally, November also marked the hunting season for beavers in North America. The final supermoon of 2024, known as the Beaver Moon, is set to grace our skies on Friday, November 15, with prime viewing conditions shortly after sunset. According to timeanddate.com, this celestial spectacle will peak in Australia on the morning of Saturday, November 16 at 5.28am AWST, 6.58am ACST, 7.28am AEST, and 8.28pm AEDT.

ApeCoin (APE) is the APE ecosystem’s official ERC-20 governance and utility token, launched in March 2022 with an airdrop—a common marketing tactic for crypto projects. While the coin was quickly listed on some of the largest crypto exchanges, the price fell from a high of around $39.40 to a low of $6.48 soon after its launch. ApeCoin represents an intriguing blend of cryptocurrency, governance token, and metaverse currency.

Back in September, a developer launched a cryptocurrency called “Adventure Gold” (AGLD) as a companion to an ascendant NFT collection called Loot. Anyone with a Loot NFT was automatically entitled to a certain amount of AGLD, and claiming those tokens meant coming into tens of thousands of dollars without any extra effort. According to the ApeCoin website and accompanying press materials, ApeCoin is being launched by ApeCoin DAO, a new governing body in which all APE holders are members. It’s meant to field proposals from the community, which token holders can then vote on. In line with the standard practice, a portion of the tokens for contributors tothe project will be initially locked.

Anything that is somewhat tied to apes has received a lot of speculative trading. ApeCoin can also be staked to earn interest on the ApeCoin platform, so owners have a further financial incentive to hold the token. The ApeCoin DAOThe DAO was established under the ApeCoin Improvement Proposal-1 (AIP-1) submitted by the co-founder of Cartan Group LLC, a consulting firm based in the Cayman Islands.

• Whether this interest can fuel a longer-term rally remains uncertain.
• Also according to ApeCoin DAO, there will be future access to BAYC styled games, services and possible further airdrops.
• The association with Yuga Labs and BAYC provides ApeCoin with significant visibility and potential for partnerships.
• Anyone with a Loot NFT was automatically entitled to a certain amount of AGLD, and claiming those tokens meant coming into tens of thousands of dollars without any extra effort.
• Of course, traditional companies do this all the time, via initial public offerings of stock.

Its price has been influenced by various factors, including overall market conditions, developments within the APE ecosystem, and announcements related to partnerships or integrations. Developers can utilize ApeCoin as a payment method, reward token, or access key in their projects. This versatility could lead to a rich ecosystem of ApeCoin-compatible applications, potentially driving demand and utility for the token. The ApeCoin DAO allows token holders to have a say in the ecosystem’s development. This democratic approach to decision-making is a cornerstone of the project, aimed at creating a truly community-driven token economy.

Even though three cases do not make a movement (yet), it’s gone further than most tokens. Depending on the reception of these initiatives, more might be afoot, which bodes well for the token. Yuga Labs + Charity (16%) – between the two, YugaLabs gets 150 million tokens while the Jane Goodall Legacy Foundation gets 10 million tokens. The smart contract security audit was completed by Halborn Security, and the respective audit documentation can be found here. However, the NFTs are the “key” to accessing any ApeCoin staked alongside them.

If you want to skip right to it, Uphold is probably the best choice to buy APE today. For more information and a complete list of our advertising partners, please check out our full Advertising Disclosure. TheCollegeInvestor.com strives to keep its information accurate and up to date. The information in our reviews could be different from what you find when visiting a financial institution, service provider or a specific product’s website. Keen on helping others navigate the complicated, and sometimes, confusing world of crypto through easy-to-understand articles, designed for non-techies like me. “Instead of receiving rewards for contributing to chain security with collateral at stake, modern “staking” just seems to mean idk we give you more coins as a reward if you don’t sell your current coins lol.”

These governance proposals are divided into Ecosystem Fund allocations and brand decisions (including collaborations). ApeCoin is a governance and utility token for the APE ecosystem—and it has already reached an $11B market cap following its launch in March 2022. The governance model includes mechanisms for proposal submission, discussion, and voting. All major decisions about the ecosystem’s future are put to a vote, ensuring that the community’s voice is heard and respected.

Projects on the Ethereum blockchain can easily communicate with other projects, using the functionality of other protocols to benefit your own. This relationship attracts more protocols and developers to work on the Ethereum chain, in turn making the ecosystem richer with utility. Ethereum also has a simple programming language in Solidity (at least compared to some other chains like Solana which uses a mix of Rust, C and C++), a decentralized structure and reliable security. In the longer term, once ApeCoin establishes a reputation for utility rather than speculation, success may become more obvious. The ApeCoin DAO may pursue various options, including entering the metaverse. By previously publishing “The Otherside” and promoting additional planned projects, Yuga Labs has demonstrated that this is already happening.

For example, it’s set to play a crucial role in Yuga Labs’ metaverse project, Otherside. This integration into emerging digital spaces positions ApeCoin as a potential leader in the economy of the metaverse. ApeCoin has positioned itself as more than just another cryptocurrency. It aims to be a key player in the emerging Web3 and metaverse landscapes. By providing a token that can be used across various platforms and services, ApeCoin seeks to become a standard for transactions and governance in decentralized spaces.