The Creators of the Bored Ape Yacht Club Project Launch ApeCoin Token

bored ape yacht club apecoin

NFT holders from the Bored Ape Yacht Club collection will be able to receive new tokens, called ApeCoin. And it is free. The novelty was launched by the creator company BAYC Yuga Labs, 15% of the APE emission was allocated for distribution. It will be possible to apply for a coin within 90 days, starting from today.

The company also created a fund to control the Ape Foundation token and a decentralized organization DAO, which will manage the new altcoin. The community will receive 62% of the total APE.

The listing of the token has already been announced by the largest crypto exchange Binance in terms of the trading volume. Cryptocurrency trading also starts today in pairs with Bitcoin, BUSD, and USDT. At the moment, users can already replenish the APE balance, withdrawals will be open approximately from tomorrow.

Also, a page with ApeCoin appeared on the American crypto exchange Coinbase. Altcoin trading will begin today in pairs with the US dollar, euro, and USDT.

In 2021, the project net revenue was 127 million dollars. In 2022, Yuga Labs plans to generate 455 million dollars in revenue, mostly through the sale of virtual land in the future MetaRPG metaverse.

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