ApeCoin (APE): overview, forecasts and prospects

ApeCoin - what is it?

ApeCoin (APE) is a coin of essence and management that was born to support the vast community that envelops the unique APE ecosystem, designed around the illustrious Bored Ape Yacht Club (BAYC).

The Bored Ape Yacht Club (BAYC) is legendary. This is an incredibly sought-after NFTs collection, consisting of 10,000 unique images of cartoon monkeys. As the NFT market peaked in 2021, "Bored Ape" became one of the hottest names in NFT production and made collectors' hearts beat faster. Rare monkeys from this collection flied for hundreds of millions of dollars, surprising with their impeccable performance and artistic style. Just a small digital fantasy, and such enthusiastic attention from the world - and here we have a living example of how emotionally art can excite minds and shake the markets.

Not surprisingly, such a collection inspired the birth of ApeCoin (APE), a token designed to support and stimulate the community around APE. This token deserves special attention for its meaning - to be an instrument of power and an important element of control in order to ensure the prosperity and development of the APE ecosystem. Its essence is imbued with a spirit of community, offering participants unique opportunities to influence development and growth, as well as the creation of new virtual worlds and the convergence of technology with art.

ApeCoin (APE) is expected to become an important component in order to support APE enthusiasts and doers, providing them with invaluable support and the opportunity to unleash their creativity in this world of fantasy and virtual wonders. And while each ApeCoin (APE) may only be a digital representation, its value in the present world will exceed all expectations, helping to drive innovation and advance art in a new age.

The ApeCoin (APE) token also plays an important role in encouraging third-party developers to actively participate in the APE ecosystem by creating applications that include the functionality and integration of ApeCoin. This approach contributes to the expansion of the capabilities and functionality of the ecosystem itself, attracting creative minds and new ideas that will complement and enrich the user experience.

Cryptocurrencies, including ApeCoin, are digital assets based on decentralized blockchain technology. These assets have unique properties that allow for secure and transparent transactions, as well as resilience to external influences. In the context of ApeCoin, such cryptocurrencies serve as a kind of indicator of the success and development of the APE project. Investors acquire ApeCoin with the hope of future growth in its value, investing in promising crypto assets.

How does ApeCoin work?

ApeCoin (APE) is a token that serves both as a managing and utilitarian tool that plays an important role in the project ecosystem. Each APE token provides the holder with many opportunities and uses within this unique environment.

First, ApeCoin gives holders the ability to actively participate in the governance of the DAO, which is a fundamental element in decentralized governance. Holders have the opportunity to vote for decisions on development and changes in the project, which makes them true participants in strategic decision making.

In addition, ApeCoin provides holders with access to exclusive features and opportunities in the ecosystem. It may be unique games, exciting events, authentic products and a variety of services that members can use and enjoy with their tokens.

One of the important aspects of ApeCoin is its use as a means of payment. The technological basis of this token, based on the ERC-20 standard, makes it convenient and accepted for use by most merchants and services. This allows holders to easily purchase and transact within and outside the ecosystem. However, ApeCoin cryptocurrency is not limited to the role of a means of exchange and payment. It is also already being used as a reward in NFTs, expanding the scope of the token and allowing holders to receive additional benefits.

Another interesting opportunity for third-party developers is the integration of ApeCoin into their own services, games and projects. This opens the door for creative ideas and new functional solutions that will enhance the attractiveness of the project and lead to its further development.

Ape Foundation

The APE Foundation is the custodian of ApeCoin and acts as the main catalyst for ApeCoin DAO members , helping them to bring their ideas to life.

Its goal is to support decentralized and participatory governance, aiming to become even more decentralized over time. The Foundation takes responsibility for the implementation of the ideas of the ApeCoin DAO, and also ensures the daily operation, bookkeeping, project management and distribution of tasks that support the ideas and plans of the DAO community.

The mission of the APE Foundation is to ensure that the growth and development of the APE system is protected and sustained in an equitable and inclusive manner. To achieve this goal, the Fund operates the Ecosystem Fund, which is managed by a multi-signature and provides funds to finance its activities in accordance with the instructions of Ape DAO. Importantly, this fund also provides the necessary infrastructure for ApeCoin participants, facilitating collaboration through transparent and secure governance processes.

As a result, the APE Foundation plays a significant role in the support and development of the Ape coin and its system, promoting cooperation and democratic decision-making, which ensures the stable development of the platform in the future.

ApeCoin Cryptocurrency Protocol

ApeCoin is an innovative virtual coin that opens up cutting-edge perspectives for centralized solutions in the web3 world. It is based on the functionality of the ERC-20 manual and utility, which makes it special and key within the APE service.

This token performs several important functions, denoting its role as a protocol with completely transparent code. ApeCoin plays the role of a key instrument that controls the platform. ApeCoin holders are actively involved in the activities of ApeCoin DAO, where they make important decisions that affect the future of the project.

As an ecosystem service coin, ApeCoin provides clients with a common and transparent currency without the involvement of third parties, helping to reduce centralization and creating equal conditions for everyone.

ApeCoin provides the right to access unique platform resources that were previously inaccessible. This includes unique merchandise, story games, events and services that provide membership benefits on the platform.

As an indispensable tool for many developers, ApeCoin can be integrated into their platforms, games and startups, encouraging them to actively interact with the ecosystem and help APE grow and develop.

All of the above makes ApeCoin more than just a token, but a driving force behind the exciting and diverse APE ecosystem in the web3 world. Its unique capabilities contribute to the sustainable development of the project, attracting more participants and stimulating new innovations in this exciting area.

How can the APE token be used?

ApeCoin is a universal token designed for use in a variety of projects in the world of web3 and the metaverse. Of all these projects, the release of a real estate NFT called "Otherside Land" was especially notable - this happened shortly after the launch of ApeCoin.

Another significant metaverse associated with the Bored Ape Yacht Club (BAYC) also took part in this initiative. Yuga Labs announced the release of 55,000 digital real estate NFT packages dubbed "Otherside Land" and the price for each was denominated in ApeCoin. This initiative was sought after and Yuga Labs ended up with over $300 million in sales - all transactions were made using ApeCoin.

However, the use cases for ApeCoin are not limited to projects developed by Yuga Labs. For example, in Animoca Brands' Benji Bananas, which is a Play-to-Earn (P2E) game, players have the option to exchange their winnings for ApeCoin. Such implementations are becoming more and more popular, and the creators of ApeCoin see the potential to further expand such opportunities in the future.

Thus, ApeCoin becomes an integral element in the web3 universe and metaverses, providing the participants of various projects with the flexibility and ease of use within their ecosystems. It opens the door to new opportunities, promotes economic development and helps to attract even more users to the world of decentralization and innovation.

How are the tokens distributed?

The total volume of APE tokens is 1 billion, and this figure is unchanged thanks to the smart contract based on Ethereum. This contract guarantees a continuous supply of tokens and eliminates the possibility of minting or burning tokens.

Immediately after the launch, 15% of all tokens were available for BAYC and MAYC NFT holders, another 47% went to the treasury of the DAO (Decentralized Autonomous Organization). Another 15% was sent by Yuga Labs, and 14% was reserved for investors and project participants. The founders of Yuga Labs and BAYC received 8% of the total supply of APE tokens. Attention was also paid to important initiatives by donating 1% of the tokens to the Jane Goodall Heritage Foundation, which supports environmental conservation, educational programs and research on environmental initiatives.

Around 30% of the total APE supply was available at launch, but the remaining tokens were unlocked gradually over the next 48 months ending in 2026. This gradual unlocking contributes to the sustainable growth and development of the APE ecosystem, providing members with long-term support and spurring innovation in the field.

ApeCoin buy

Some cryptocurrencies can be bought on the exchange in a matter of seconds, but there are those that you need to work with. Ape Coin belongs to the second category. This digital currency can only be purchased on a limited number of platforms. It is important to note that immediately after the release of the coin in 2022, a couple of exchanges simultaneously announced the presence of ApeCoin. These exchanges include Gemini, Coinbase, Bybit, and Gate.io.

At the time of writing (July 2023), ApeCoin price is $2.02 USD. If we compare the APE/USDT rate now and since its release, we see a positive growth trend here, which is good news.

ApeCoin forecast

ApeCoin is an asset shrouded in expectations and prospects that are attracting the attention of global investors. Over the next 10 days, forecasts point to a possible rise in price to $2.21, providing short-term players with a unique opportunity to make money on this currency.

But those who are looking at ApeCoin for a long-term investment will be able to pay attention to the inspiring forecasts for 2025 and 2030. It is estimated that APE could reach $2,518 by 2025, which gives this cryptocurrency a very attractive status in the eyes of serious investors.

But the most exciting moment is the forecast for 2030, where the price of ApeCoin is predicted to rush to $23.29. This impressive potential makes APE one of the most talked about and exciting assets in the world of cryptocurrencies.

However, do not forget that investments in cryptocurrencies are always associated with certain risks, since the market is extremely volatile and unpredictable. To make an informed choice, it is wise to seek the advice of experienced financial experts who will help you understand the nuances of investing.

Summing up, ApeCoin is an asset with unique potential that attracts both short-term speculators and serious investors who are ready to invest in the future of this exciting cryptocurrency.