ApeCoin is a cryptocurrency that aims to bring together the worlds of blockchain technology and animal conservation. It is a unique digital currency that focuses on primate conservation, with the goal of raising awareness and funding to protect endangered primate species.
One of the key features of ApeCoin is its commitment to environmental sustainability. The cryptocurrency is designed to be carbon neutral, and a portion of the transaction fees are donated to primate conservation organizations.
ApeCoin has a number of use cases, including:
Overall, ApeCoin offers a unique way for individuals to contribute to primate conservation efforts and raise awareness about the importance of protecting endangered species.
ApeCoin is an ERC-20 governance and utility token used within the APE Ecosystem to empower and incentivize decentralized community building at the forefront of web3.
ApeCoin holders govern themselves via the decentralized governance framework controlling the ApeCoin DAO, and vote on how the ApeCoin DAO Ecosystem Fund should be used. The APE Foundation administers proposals agreed upon by ApeCoin holders.
ApeCoin is built on the Binance Smart Chain, which means that it is compatible with hardware wallets that support the Binance Smart Chain. Some popular hardware wallets that can be used to store ApeCoin include:
Ledger Nano S: The Ledger Nano S is a popular hardware wallet that supports the Binance Smart Chain. It is a small, portable device that can be used to store ApeCoin and other cryptocurrencies.
Ledger Nano X: The Ledger Nano X is an upgraded version of the Nano S, with more storage capacity and additional features. It also supports the Binance Smart Chain and is good option for storing ApeCoin.
Trezor Model T: The Trezor Model T is another popular hardware wallet that can be used to store ApeCoin. It features a touch screen and supports a wide range of cryptocurrencies.
KeepKey: KeepKey is a hardware wallet that supports the Binance Smart Chain and can be used to store ApeCoin. It features a large, easy-to-read display and is designed to be user-friendly.
It is important to ensure that any hardware wallet you use to store ApeCoin is from a reputable manufacturer and that you follow best practices for keeping your funds safe, such as using a strong password and keeping your recovery phrase secure.
The best option for storing any cryptocurrency would be to use a hardware wallet. These are pieces of hardware that store the private key to your coins offline.
Today, there are two leading hardware manufacturers to choose from – Ledger and TREZOR. Both companies have different models of hardware wallets that will get the job done.
If you want deeper insights on specific models, you can read my Ledger Nano X review or my TREZOR Model T review.
ApeCoin is built on the Binance Smart Chain, which means that it is compatible with software wallets that support the Binance Smart Chain. Here are some popular software wallets that can be used to store ApeCoin:
Trust Wallet: Trust Wallet is mobile wallet that is compatible with both Android and iOS devices. It supports the Binance Smart Chain and is a good option for storing ApeCoin on your phone.
MetaMask: MetaMask is a popular browser extension wallet that can be used to store ApeCoin. It supports the Binance Smart Chain and is available for Google Chrome, Firefox, and other browsers.
Binance Chain Wallet: The Binance Chain Wallet is a browser extension wallet that is designed specifically for the Binance Smart Chain. It is easy to use and offers a high level of security.
Atomic Wallet: Atomic Wallet is a multi-currency software wallet that supports the Binance Smart Chain. It is available for desktop and mobile devices and offers a user-friendly interface.
When using a software wallet to store ApeCoin, it is important to follow best practices for securing your funds, such as using a strong password, enabling two-factor authentication, and keeping your recovery phrase in a secure location. Additionally, you should only download software wallets from reputable sources to ensure that you are not installing malware on your device.
Hardware wallets cost money, so if you’re not sure how serious you are about cryptocurrencies and just want to get a taste of what they feel like, perhaps you would be better off starting with a software wallet.
A software wallet is a free program that lets you store your coins on your computer or mobile phone.
The easiest ApeCoin software wallets to get started with are undoubtedly Exodus, AtomicWallet and Guarda . All wallets are very intuitive. Exodus, Atomic Wallet and Guarda is available on desktop for Windows, Mac and Linux, as well as on mobile for both iOS and Android. If you want more information you can read my Exodus, AtomicWallet and Guarda review.
To withdraw your ApeCoin (APE) from an exchange, you’ll typically need to follow these steps:
The time it takes for your APE to arrive in your wallet can vary depending on network congestion and other factors. Once your APE has been sent to your wallet, you should see the transaction appear in your wallet’s transaction history.
ApeCoin is a decentralized project inspired by Yuga Labs’ Bored Ape Yacht Club project. ApeCoin was founded to be used within the burgeoning APE Ecosystem, which is supported by the APE Foundation. The ApeCoin DAO aims to build and maintain the APE Ecosystem in a fair and inclusive way, providing an infrastructure for ApeCoin holders to collaborate through open and permissionless governance processes.
An administrative council within the APE Foundation (the “Board”), will carry out the decisions of ApeCoin DAO members. The Board is responsible for the day-to-day administration, bookkeeping, project management, and other tasks that ensure the Community’s ideas have the support they need to become a reality. ApeCoin DAO members vote on Board members.
ApeCoin is the APE Ecosystem’s governance token, allowing token holders to participate in ApeCoin DAO and giving its participants a shared and open currency that can be used without centralized intermediaries. 62% of all ApeCoin was allocated to the Ecosystem Fund, which will support community-driven initiatives as voted on by ApeCoin DAO members.
ApeCoin also gives access to certain parts of the Ecosystem that are otherwise unavailable, like exclusive games and services. For third-party developers, ApeCoin is a tool to participate in the ecosystem by incorporating ApeCoin into services, games, and other projects.
The APE Foundation was gifted a 1 of 1 NFT by Yuga Labs, the creators of Bored Ape Yacht Club. Yuga Labs has conveyed all rights and privileges to this NFT and its underlying artwork to the APE Foundation. The ApeCoin DAO members can decide how this intellectual property is used.
The total supply of ApeCoin is permanently fixed at 1 billion tokens, all minted at once.
On launch day, March 17, 2022, 30.25% will be in circulation. This percentage will continually increase following launch day at regular intervals over a 48-month period.
The amount of ApeCoin in circulation is a dynamic number that will constantly change both due to the aforementioned schedule and a myriad of market factors.
ApeCoin is an ERC-20 token launched on the Ethereum blockchain. As a result, it is secured by Ethereum’s proof-of-stake (POS) consensus mechanism.
ApeCoin (APE) can be bought and traded on a few different cryptocurrency exchanges. Some popular exchanges that support APE trading include:
These exchanges typically allow you to buy APE with other cryptocurrencies like Binance Coin (BNB), Ethereum (ETH), or with fiat currencies such as USD, EUR, or GBP.
It’s important to note that cryptocurrency exchanges often have different fees, deposit and withdrawal methods, and verification requirements, so it’s a good idea to compare options and choose an exchange that meets your needs. Additionally, be sure to exercise caution and do your own research before buying any cryptocurrency, as the cryptocurrency market can be volatile and unpredictable.