AboutApeCoin is an ERC-20 governance and utility token for decentralized communities building at the forefront of culture and web3. Yuga Labs, the company behind the Bored Ape Yacht Club ecosystem, is a contributor to the APE ecosystem and is adopting ApeCoin as the primary token for the BAYC ecosystem as well as upcoming metaverse and gaming experiences. APE adoption will be driven largely by communities who are driving culture forward through NFTs, art, gaming, entertainment, community and events.
ApeCoin serves several purposes including:
Governance - allows ApeCoin holders to participate in the ApeCoin DAO
Unification of Spend - shared and open currency across more NFT native communities
Access - exclusive games, merch, events, and services
Incentivization - tool for third-party developers to incorporate APE into their services, games, and other projects
Prize details coming soon