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{{DISPLAYTITLE:ApeCoin}} | {{DISPLAYTITLE:ApeCoin}} | ||
== Overview == | == Overview == | ||
ApeCoin (abbreviation: APE; sign: APE) is the first decentralized cryptocurrency. Based on a free-market ideology, it was launched by Yuga Labs to empower the Ape ecosystem. It functions both as a governance and utility token for its community. | |||
== History == | == History == | ||
=== Creation === | === Creation === | ||
ApeCoin was launched in collaboration with the ApeCoin Foundation, aligning with the | ApeCoin was launched in collaboration with the ApeCoin Foundation, aligning with the Bored Ape Yacht Club and other Yuga Labs projects. | ||
=== Development === | === Development === | ||
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=== Blockchain === | === Blockchain === | ||
ApeCoin operates on a | ApeCoin operates on a Proof of Work blockchain, using SHA-256 for security. | ||
== Economics and Usage == | == Economics and Usage == | ||
Latest revision as of 10:48, 10 January 2025
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Overview
ApeCoin (abbreviation: APE; sign: APE) is the first decentralized cryptocurrency. Based on a free-market ideology, it was launched by Yuga Labs to empower the Ape ecosystem. It functions both as a governance and utility token for its community.
History
Creation
ApeCoin was launched in collaboration with the ApeCoin Foundation, aligning with the Bored Ape Yacht Club and other Yuga Labs projects.
Development
Since its inception, ApeCoin has aimed to enhance the decentralized finance space and facilitate creative projects within its ecosystem.
Features
ApeCoin offers the following features:
- Decentralized governance.
- Utility within the Ape ecosystem.
- Compatibility with decentralized finance protocols.
Applications
ApeCoin is used for:
- Transactions within the Ape ecosystem.
- Voting in governance decisions.
- Supporting decentralized applications.
Technical Design
Units and Divisibility
The base unit of ApeCoin is divisible to eight decimal places.
Blockchain
ApeCoin operates on a Proof of Work blockchain, using SHA-256 for security.
Economics and Usage
Governance
ApeCoin holders participate in decentralized decision-making through the ApeCoin DAO.
As a Currency
ApeCoin is widely accepted within its ecosystem for transactions and exchanges.
Environmental and Regulatory Impact
The ApeCoin blockchain adopts measures to improve sustainability while complying with relevant regulations.