The famous Bored Ape Yacht Club NFT collection has just launched it’s token on Binance, Huobi, FTX & OKX with more reputable centralized exchanges to follow. The token is expected to fuel an upcoming gaming metaverse, events, and merchandise.
The hype is here, as the ApeCoin will be governed by a new DAO independent of the Yuga Labs. Note that the coin will be primarily used as an in-game currency while being supported by Benji Bananas, a game created by Animoca Brands and in many more titles. There is also a partnership announced for the creation of a Bored Ape game with nWay.
Yuga Labs, the creators of the Bored Ape Yacht Club NFT Collection recently acquired the second most popular NFT collection, Crypto Punks.
APE is currently trading at 8.4$ while it spiked at 20$ during the launch moments.
Bored Ape NFT collection has been trending for months as more and more celebrities rush to acquire an NFT. It has become a status symbol among millennials and celebrities and offer exclusive benefits to its holders such as private parties and other activities.
The Allocation of ApeCoin
- 47% will be released as an ecosystem fund of the DAO.
- 16% to the Yuga Labs team. ( 1% of the total token supply will be donated to charity, Jane Goodall Foundation Legacy Foundation)
- 15% to the owners of the Bored Ape and Mutant Ape collections.
- 14% to launch contributors made up of Yuga partners and investors.
- 8% to the founders of Bored Ape Yacht Club.
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