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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.

See Also

• Bored Ape Yacht Club
• Yuga Labs

External Links

• Official Website