Apecoin (APE)

Apecoin (APE) is an ERC-20 token native to the Ethereum blockchain, created by Yuga Labs, the studio behind Bored Ape Yacht Club (BAYC).
It’s a collection of 10,000 NFTs representing algorithmically drawn monkeys that was launched in April 2021.   It has rapidly become one of the most popular and expensive collections on the NFT market.
What makes Apecoin particularly fascinating is its speculative aspect.
The APE token, designed as the official currency of the BAYC community, was launched in March 2022.
A substantial allocation of tokens was in fact allocated to BAYC and BAKC NFT holders, totaling 20,000 monkeys.
This distribution sparked an unprecedented craze and propelled Apecoin into the spotlight of the crypto community.
But Apecoin is more than just a speculative commodity.
Its true purpose is to play a central role as a governance and utility token within the BAYC ecosystem.
It enables the community to take part in crucial decisions concerning the project’s future, while aspiring to become the currency of “Otherside,” the metaverse under development by Yuga Labs. This visionary ambition adds an extra speculative dimension to Apecoin, as its holders dream of its potential in a booming virtual world. Apecoin transcends mere crypto-currency status to become an essential part of the culture and speculation within the Bored Ape Yacht Club community.
Its promising future and implications in the metaverse make it a digital asset that continues to captivate investors and crypto enthusiasts alike!

Apecoin(Apecoin course) was created by Yuga Labs, the studio behind BAYC and other successful NFT collections (CryptoPunks, Meebits, etc.). Yuga Labs was founded in 2021 by four childhood friends, all passionate about blockchain technology and the possibilities it offers.
The founders are former Ticketmaster executive Wylie Aronow, Greg Solano and Kerem Atalay, both former engineers at Zynga, and Gargi Sharma, former marketing director at RockBand.
They met and joined forces to explore the world of NFT, convinced of its revolutionary potential, particularly in the field of digital art and online communities.
Within a year, Yuga Labs had become one of the most influential players in Web3 and NFT, with sales of over $1 billion.
In March 2022, Yuga acquired the rights to the CryptoPunks collection for $500 million, marking a major milestone in its expansion.
For the development of Apecoin, Yuga Labs surrounded itself with an experienced team, including Alex Atallah, co-founder and chief technical officer (CTO) of OpenSea, who brought valuable expertise in blockchain technology and the NFT market.
Maaria Bajwa, with experience at JP Morgan and Sound Ventures, occupies a key role in investment strategy and business development, while Dean Steinbeck, co-founder of Horizen Labs, brings legal experience as general counsel to navigate the regulatory complexities of the crypto-currency world.
This blend of experience in technology, finance and law has been essential to the successful conception and launch of Apecoin. Buy Apecoin safely

Apecoin is an ERC-20 token based on Ethereum.
It therefore has all the classic properties of an Ethereum token: Apecoin transactions are fast, executing every 15 seconds.
Fees vary according to network congestion.
Tokens can be stored and transferred via ERC-20 wallets.
Coinhouse offers a secure wallet for your NFTs.

APE tokens have several use cases in the ecosystem:

• Governance: APE is the governance token for the ApeCoin DAO, where holders can vote on proposals related to the future of the ecosystem.
• Currency: APE serves as the main currency in the BAYC ecosystem and other related projects, including games, events, services and digital goods.
• Exclusive access: APE holders can obtain exclusive access to special events, products and services reserved for the ApeCoin community.
• Developer incentives: The APE token can be used to encourage developers to participate and create applications and services within the ecosystem.

Inflation and emissions

• No inflation is expected, as the offer is limited to 1 billion APE tokens.
  Once all the tokens have been distributed, there will be no new token issues.

Treasury and CAD

A large portion of the tokens is reserved for the treasury controlled by the DAO (decentralized autonomous organization).
These tokens will be used to fund community initiatives, events, collaborations and projects that benefit the ApeCoin ecosystem.
ApeCoin tokenomics are therefore designed to promote long-term adoption, support community governance and encourage innovation within the BAYC ecosystem and beyond.

Vesting

Some tokens, in particular those allocated to contributors and founders, are subject to vesting periods.
This ensures that key players are aligned with the project’s long-term success.

Total supply

• The total supply of ApeCoin is limited to 1 billion APE tokens.
  This quantity cannot be increased, which means that there will be a fixed long-term supply.

Breakdown of supply

The distribution of the 1 billion APE tokens is as follows:

• 62% to the ApeCoin community: this includes tokens for NFT Bored Ape and Mutant Ape holders, as well as for the DAO treasure and resource fund, which is controlled by the community to finance future projects.
• 16% to Yuga Labs and BAYC founders: Yuga Labs, the company behind BAYC, receives a significant share to support its initiatives.
• 14% to launch contributors: These tokens are awarded to those who contributed to the creation and initial development of ApeCoin.
• 8% to Bored Ape Yacht Club founders: These tokens are reserved for the creators of the BAYC project.

1. Expansion of the Otherside metaverse: continued development of the virtual universe linked to the Bored Ape Yacht Club.
2. New Web3 partnerships: collaboration with other projects to strengthen the adoption of ApeCoin in the Web3 ecosystem.
3. Exclusive community events: organization of physical and virtual events reserved for APE holders.
4. Increased use in Play-to-Earn games: integration of ApeCoin in blockchain games and the metaverse.
5. DAO Proposals: development of new initiatives via proposals voted by the ApeCoin DAO community.

1. Go to your Coinhouse application and log in to your personal space or create your account.
2. Go to the buy/sell section.
3. Select the amount you wish to invest, and the currency of your choice (in this case APE).
4. Once your transaction has been validated, you’ll find your APEs in your portfolio.

Apecoin (APE), born of the meteoric rise of the Bored Ape Yacht Club (BAYC), is establishing itself as an exciting speculative venture in the crypto landscape.
The synergy between APE and BAYC, as well as the exclusive access it provides to the Otherside metaverse, coupled with a highly involved community, position Apecoin as a key player in the NFT ecosystem.
In 2023, despite a certain temporary disaffection with NFTs, Coinhouse remains convinced of their latent potential, particularly with the rise of game universes and the metaverse.
In November 2023, we are witnessing a notable upturn in the crypto-asset market, including for APE.
This momentum is being fuelled by renewed interest in the practical uses of NFTs in a variety of sectors, helping to increase Apecoin’s relevance and appeal.
In this light, Apecoin can be seen not just as an investment in a crypto-currency, but also as a bet on the future potential and vision of what tomorrow’s digital economy could be.
With ambitious projects under development and a growing community, Apecoin holders could find themselves at the heart of a digital revolution in the making.
At Coinhouse, we’re keeping a close eye on these developments, and encourage smart investors to consider Apecoin as a promising investment.