Buy ApeCoin

Launched in March 2022, ApeCoin (APE) is closely tied to Bored Ape Yacht Club (BAYC), a well-known non-fungible token (NFT) collection developed by Yuga Labs. ApeCoin runs as an ERC-20 token on the Ethereum blockchain and serves both utility and governance functions within the APE ecosystem. It allows users to participate in the governance of the ApeCoin DAO (Decentralized Autonomous Organization), a self-governing organization that manages spending of the DAO treasury, creates new features, and votes on future upgrades.

In addition to giving APE token holders governance roles, ApeCoin also aims to attract new people to the crypto market and further evolve the NFT market. This is achieved by using the token to access exclusive events, games, and merchandise.

ApeCoin is also integrated with Yuga Labs' emerging metaverse project Otherside, where APE is used to carry out transactions on the metaverse marketplace and for rewards in play-to-earn (P2E) games.

Who is the founder of ApeCoin (APE)?

ApeCoin was founded by Yuga Labs, known as the creator and creator of the Bored Ape Yacht Club. Yuga Labs serves as a member in the ApeCoin DAO and uses ApeCoin as their primary token for all projects they develop. According to the publisher, ApeCoin will gain more and more features within the ecosystem in the future.

ApeCoin has several functions and can be used for the following situations, among others:

• Governance of the DAO: ApeCoin holders can vote and decide on new features, releases from the APE treasury, and more.
• Access to exclusive features and events: APE enables users to participate in games, use services within the APE ecosystem, events and obtain merchandise.
• As a payment and investment tool: As an ERC-20 token, ApeCoin can be used by merchants to make payments. Due to the volatile nature of APE, it is also a popular investment tool.

ApeCoin is built on the Ethereum blockchain and uses the ERC-20 token protocol. This means it is compatible with all tokens and applications running on Ethereum, making it a Web3 coin that can be used in a variety of situations. In addition to serving as a means of payment, members of the Bored Ape Yacht Club receive free APE as an NFT reward.

Developers can integrate ApeCoin into applications. ApeCoin is used, for example, in Benji Bananas, a play-to-earn (P2E) game developed by Animoca Brands. In this game, players can exchange earned tokens for ApeCoin tokens.

APE is the ApeCoin crypto and a key part of the APE ecosystem. Users can stake APE to vote on proposals and gain access to unique features such as games, events, and merchandise.

There is a maximum supply of 1 billion APE tokens, much of which has already been allocated to the ApeCoin DAO community, Yuga Labs, founders, and launch contributors.

APE runs as an ERC-20 token on the Ethereum blockchain, which uses the Proof-of-Stake consensus mechanism, and this means you can’t mine ApeCoin. Despite the Proof-of-Stake mechanism, it’s also not possible to stake ApeCoin.

Users can participate in the ApeCoin DAO, thereby indirectly contributing to decision-making and governance, which can be seen as a form of 'staking' in terms of involvement and influence in the ecosystem.

Several features distinguish ApeCoin from other cryptocurrencies and strengthen its unique position in the crypto market:

• Integration with BAYC: ApeCoin is closely tied to the Bored Ape Yacht Club, one of the most famous and valuable NFT collections in the world.
• DAO governance: The token gives holders voting rights in the ApeCoin DAO, allowing for decentralized governance and decision-making.
• Limited supply: While many cryptocurrencies have no maximum supply, ApeCoin has a maximum supply of 1 billion tokens.

ApeCoin is available to purchase at Bitvavo. Our exchange gives both beginners and experienced traders the opportunity to buy ApeCoin. Simply follow these steps to buy APE:

1. Log in to your Bitvavo account or create a new account.
2. Deposit money into your account by clicking "Deposit".
3. Head to the ApeCoin buy page.
4. Specify the amount in euros you wish to spend or the number of APE you want to buy and click "Buy".

After completing the transaction, your ApeCoin tokens will be automatically added to your Bitvavo account, and selling ApeCoin is just as quick and easy from your Bitvavo account, allowing you to act quickly on market changes.

ApeCoin is stored safely in your Bitvavo account. Bitvavo manages the majority of its customers' digital currency in cold wallets, which are managed offline for optimal security. We recommend activating two-factor authentication (2FA) for additional security of your account.

Looking to store your ApeCoin in another wallet? Most software and hardware wallets support ApeCoin. At Bitvavo you can buy ApeCoin and send it to another wallet by first adding the address to your Bitvavo account.