Ape Foundation
Name
Ape Foundation
Summary
-ApeCoin (APE) is a governance and utility token that grants holders access to the ApeCoin DAO, a decentralized community of Web3 builders.
-It was launched in March 2022.
-It is an ERC-20 governance which means it is built on the Ethereum blockchain.
Rating
Symbol
APE
Overview
Yuga labs have grown to turn out to be the main NFT emblem with the release of its Bored Ape and Mutant Ape NFT collections. Ownership of those top rate NFTs has developed into an elite motion of pretty influential figures who cling out withinside the Bored Ape Yacht Club. However, to strengthen the environment of apps and offerings deployed with the aid of Yuga Labs and third-celebration brands, ApeCoin was launched.
ApeCoin is for the WEB3 economy. Culture has observed new expression in web3 thru art, gaming, entertainment, and events. The opportunities for blockchain`s effect on tradition are so infinite that they can`t probably all be anticipated yet. APE is a token made to help what's next, managed and constructed with the aid of using the community. It will function as a decentralized protocol layer for community-led tasks that pressure tradition ahead into the metaverse.
Historical Price Movement (in INR)
Technology
As the Web3 economy evolves beyond the real world into the metaverse, ApeCoin was built as a decentralized protocol that integrates the culture known to the Bored Ape Yacht Club (BAYC), into the metaverse experience. To foster this vision, the protocol is powered by ApeCoin, ApeCoin DAO, the Board, and the Ape foundation.
ApeCoin (APE) is the base layer that allows anyone access to the ApeCoin DAO by simply purchasing some APE tokens. With it, each token holder will have a stake in the organization's development and can contribute to its growth.
ApeDAO is the governance infrastructure that determines the growth and success of the APE ecosystem. DAO members (ApeCoin holders) can initiate the APE Improvement Proposal (AIP) process on decisions regarding ecosystem funding allocations, governance rules, partnerships, and more. , for consideration and voting. This provides a fair share for members committed to contributing to the development of the ecosystem.
Use of Native tokens in the ecosystem:
APE holders can access exclusive features of the APE ecosystem, including games, merch, events, and services. It allows holders to participate in the ApeCoin DAO as a governance token.
ECOSYSTEM FUND
62%
YUGA LABS + CHARITY
16%
LAUNCH CONTRIBUTORS
14%
BAYC FOUNDERS
8%
Volume ( as of 24th May 2022)
$625,376,802
Total Supply
1,000,000,000 APE
Circulating Supply
292,187,500.00 APE
Crowd Sales
N.A.
Funding
N.A.
Country
N.A.
Year Incorporated
2022
Registered Address
N.A.
Dispute Resolution and Governing Law
N.A.
Country Risk Assessment
N.A.
Founding Team
| Name | Designation | Education | Experience |
| Sep Kamvar | Co-Founder | Stanford UniversityPh.D., Scientific Computing and Computational MathematicsPrinceton UniversityBachelor's degree, Chemistry | 35 Yrs |
| Rene Reinsberg | Co-Founder | NEOMA Business SchoolSemester Abroad, Business/Commerce, GeneralKorea UniversitySemester Abroad, Graduate School of International StudiesWHU – Otto Beisheim School of ManagementMaster's degree equivalent (diploma), Finance, Accounting, EntrepreneurshipMassachusetts Institute of TechnologyMBA, Entrepreneurship & Innovation, Sloan School of Management | 17 Yrs |
| Marek Olszewski | Co-Founder | University of TorontoBASc, Computer EngineeringUniversity of TorontoMASc, Computer EngineeringMassachusetts Institute of TechnologyPhD, ABD, Computer Science | 19 Yrs |
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