ApeCoin is the product of Web3 economy. APE hopes to find new expressions in Web3 through art, games, entertainment and activities. APE tokens are designed to support the next steps that are controlled and built by the community. As a decentralized protocol layer, it will be used for community led initiatives to promote culture into the metaverse.
How does ApeCoin (APE) Work?
As an open source protocol layer of the APE ecosystem, APE allows third-party developers to integrate APE into new and existing services, blockchain based games, etc. The launch of APE aims to transfer control of the APE ecosystem to existing BAYC and MAYC NFT holders, expand the APE ecosystem to include a broader user base, support the creation and development of new products and services to enhance the ecosystem, and promote community governance in the form of DAO.
The current use cases of APE include:
Governance: APE improved proposal process will allow ApeCoin DAO members to make decisions on ecosystem fund allocation, governance rules, projects, partners, etc.
Access rights: APE provides access rights to some parts of the ecosystem that are not accessible, such as exclusive games, goods, activities and services.
Incentive: APE is a tool for third-party developers to participate in the ecosystem by integrating APE into services, games and other projects.
What is ApeCoin (APE) ？
ApeCoin is the ERC-20 governance and utility token used in the APE ecosystem to empower and encourage the construction of decentralized communities at the forefront of Web3. ApeCoin holders manage themselves by controlling the decentralized governance framework of ApeCoin DAO, and vote on how to use the ApeCoin DAO ecosystem fund. The APE foundation manages proposals agreed by ApeCoin holders.
ApeCoin (APE) Crypto Wallet
In addition to placing APE in the Gate.io exchange to facilitate trading, APE can also be placed in the crypto wallet.
These wallets can also store and manage APE tokens for safekeeping transactions, such as MetaMask, Ledger, imToken, TokenPocket, iT, oken Wallet, Freewallet, Assure Wallet, HyperPay, Math Wallet, SafePal, Trust Wallet, etc.