Crypto Currency

Apecoin (APE) is one of the most famous projects in the NFT field. The tokens launched by BORED APE YACHT Club's parent company Yuga Lab are designed to become the core token of its future Ape Universe ecosystem. At the same time, the web3 economy is given to strength. Since its launch in April last year, the project has quickly become one of the most market value projects in the NFT market. It is understood that currently the cheapest one of these 10,000 boring apes NFT has reached about $ 240,000. It is reported that the startup is seeking to complete a new round of financing with a valuation of $ 5 billion. Earlier, it was reported that Yuga Labs had vigorously promoted a tokens called APECOIN in the early days to prepare to enter the field of P2E (playing while earning).In addition to APE tokens, Yuga Labs also launched three core organizations for the Universe, including the APE Foundation, APECOIN DAO, and The Board. They each have the following functions:The Ape Foundation: Foundation is the support architecture of the entire ecosystem and acts as the housekeeper of the ape universe. It is responsible for the management of APECOIN DAO's decision -making, as well as handling daily administration, recording and project management work to ensure that the community's ideas are implemented and implemented. The goal of the foundation is to ensure the sustainable development of the ecosystem, and follow the wishes of the community, and use ecosystem funds to pay related fees.APECOIN DAO: APECOIN DAO is the core of the ape universe. It is a decentralized autonomous organization composed of all APE holders. Organization members can participate in decision -making through voting, including the distribution, governance rules, and project cooperation of ecosystem funds.The Board: The initial member of the board of directors has a term of six months, and then voted by the Autonomous Organization every year. The responsibilities of the board of directors include the supervision of the foundation, the management of the community proposal, and serving the vision of the community to review the proposal. The initial five board members include Alexis Ohanian (co -founder of Reddit, 776 VC founder), Amy Wu (FTX venture capital and game director), Maaria Bajwa (head of Sound Ventures), Yat Siu (co -founder of Animoca Brands) And Dean Steinbeck (President and Legal Consultant of Horizon Labs).APE Economic Model:The total supply of APE tokens is 1 billion, and it will not be destroyed, so it does not have a contraction mechanism. The tokens are allocated as follows: 62%are allocated to ecological funds (150 million of which will be assigned to Bayc/Mayc NFT holders), 16%are allocated to Yuga Labs and their supported charities, 14%assigned to project contributors, 8 %Are allocated to the co -founder of the project. The airdrop is scheduled to be launched at 8:30 am on March 17th, Eastern time (8:30 pm on March 17, Beijing time).In short, the launch of APECOIN tokens has received widespread attention and launched on major mainstream exchanges, but the specific use of tokens is not yet clear. This project aims to be an important part of the NFT ecosystem, empower Web3's economy, and conduct community governance throughout decentralized autonomous organizations.