Cryptocurrency

Could ApeCoin be the go-to token of the Metaverse? By Cointelegraph


Crypto and tradition intersecting: Could ApeCoin be the go-to token of the Metaverse?

What’s it with these sly, humorous, however boring-looking apes that proceed to make headlines? Many collectors argue that it’s much less about the picture, itself, and extra about the tradition, social capital and wealth the neighborhood of homeowners has gained from Bored Ape Yacht Membership (BAYC) that give the assortment its worth. Amassing over $1.42 billion in complete quantity, the neighborhood trusted that the creators would ship on its promise for token emission.

On March 17, BAYC’s utility and governance token, ApeCoin (APE) was made eligible to say for BAYC and Mutant Ape Yacht Membership (MAYC) holders. In accordance with knowledge, almost 99% of eligible wallets have already claimed their share and over 132 million tokens, valued at $1.8 billion, have been claimed.

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AIP- 5 Incentive Distribution. Supply: ApeCoin
APE/USDT 4-hour chart. Supply: TradingView

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