Apecoin DAO Approves Funding a Bored Ape-Centric News Publication
Apecoin DAO community members have approved a governance proposal that will fund a Bored Ape Yacht Club (BAYC)-centric news publication called the Bored Ape Gazette with $150,000 for the first year. While the Bored Ape Gazette has been in operation since June 1, 2021, the site’s operator promises to “keep the community better informed” with plans to “ramp up” Bored Ape news coverage. Apecoin DAO to Fund a Bored Ape-Focused News Site for 12 Months Members of the Apecoin DAO have hired their own news publication for the next 12 months according to the....
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During the last 24 hours, the cryptocurrency community has been discussing the launch of a new token called apecoin (APE), released by the newly-formed Apecoin DAO. At launch, the token exchanged hands for $10.36 per coin, but dropped more than 40% to $6.21. Since the token’s all-time low and Bored Ape Yacht Club (BAYC) owners getting a sizable airdrop, the price of APE moved closer to the price it saw when it first came out.
Apecoin DAO Airdrops Tokens to NFT Owners, Forms the Ape Foundation
There’s a new crypto token among the 13,243 cryptocurrencies in existence....
Back in mid-March 2022, Bored Ape Yacht Club’s (BAYC) Apecoin DAO launched and airdropped millions of apecoin tokens to specific NFT holders. The crypto asset dedicated to the BAYC ecosystem tapped an all-time high two months ago reaching $26.70 per unit on April 28. However, apecoin is down more than 81% since that day and despite the fact that 80,744 unique addresses own APE, the top 100 addresses control 51.21% of the circulating supply.
While Apecoin’s Price Slips Lower, Concentration of Large APE Holders Remains the Same
Just over two months ago, the crypto....
It’s been a busy March for Bored Ape Yacht Club creators Yuga Labs. After acquiring CryptoPunks and Meebits projects from Larva Labs in recent days, they are back for more, introducing a new token ‘ApeCoin’ this week. It’s Yuga Labs’ first token for Bored Ape Yacht Club, one of the most dominant names in the […]
During the last two weeks, statistics show the new crypto asset dedicated to the Bored Ape Yacht Club community (BAYC), apecoin (APE), has climbed more than 50% against the U.S. dollar. A few days ago, apecoin tapped an all-time high at $17.30 per unit and the crypto asset is now the 32nd largest in terms of market capitalization among 13,691 other cryptocurrencies. Data also shows out of the 48,570 APE holders, there’s a large concentration of apecoin whales.
A Large Concentration of Apecoin Whales
The BAYC-infused apecoin (APE) has been a popular crypto project ever....
ApeCoin will be distributed among owners of BAYC NFTs and is set to be used as the “primary token” in a new ecosystem of play-to-earn games from Yuga Labs and Animoca Brands. Owners of Bored Ape Yacht Club (BAYC) NFTs — including celeb holders like Eminem, Steph Curry, Jimmy Fallon and Mark Cuban — are set to receive a brand new token called ApeCoin (APE) as yet another incentive for being part of the exclusive digital asset club. The developer of the new token is the ApeCoin DAO and is notably separate from Yuga Labs. Introducing ApeCoin ($APE), a token for culture, gaming, and commerce....