Yuga Labs is set to release its very own cryptocurrency, ApeCoin, an ERC-20 governance and utility token. Yuga Labs is the owner of the Bored Apes Yacht Club (BAYC), CryptoPunks and Meebits following the rights acquisition from Larva Labs.
The Bored Apes NFT collection value was boosted following the acquisition, attaining a floor price of 107 ETH. At the time of writing, BAYC NFTs are among the most sought collections in the market.
In the past 24 hours, BAYC NFTs at OpenSea have seen a +1,331% volume increase, which stands at 21,657 ETH at the time of writing.
source: OpenSea
ApeCoin Listings on Exchanges
ApeCoin was announced yesterday on BAYC's official Twitter account. ApeCoin is garnering a lot of attention from cryptocurrency investors. As the Bored Apes collection is highly valued, crypto traders are preparing to buy ApeCoin upon its release.
You can buy ApeCoin at OKX according to the website.
Deposits for ApeCoin have already began at OKX:
"OKX is pleased to announce the listing of ApeCoin’s APE token on our spot trading markets. Trading of APE will start according to the following schedule:
"APE deposits open at 09:30 pm UTC on March 16. Spot trading for APE/USDT will open once the deposits meet the minimum liquidity requirement.
"APE withdrawals open at 10:00 am UTC on March 18.
"APE acts as an open-source protocol layer for the APE ecosystem and allows third-party developers to integrate APE into new and existing projects (services, blockchain-based games, etc.).
"APE was launched with the intent of handing control of the APE ecosystem to existing BAYC and MAYC NFT holders, expanding the APE ecosystem to include a broader user base, supporting the creation and development of new products and services to enhance the ecosystem, and promoting decentralized community governance in the form of the DAO."
source: OKX
Binance ApeCoin Listing
Binance tweeted that it will also open APE for trading on its platform.
source: Twitter
Binance will open APE for trading today, 17 Match, at 14:30 UTC.
Kraken ApeCoin Listing
Additionally, Kraken will list APE on its crypto trading platform. However, Kraken stresses that Japanese investors will be unable to participate in its exchange .
source: Twitter
FTX ApeCoin Listing
FTX, among the largest crypto exchanges in today's markets, also announced ApeCoin will be listed on their platform, spot trading and perpetual futures.
Trading starts: March 17th, 2022 at 12:30pm (UTC)
Trading pairs: APE/USD, APE-PERPD
Deposits and withdrawals will open on March 17th, 2022 at 12:30pm (UTC).
source: FTX
APE is expected to be one of the biggest coin listings in 2022. Investors from all over the world will be focusing on the listings when available.
source: Twitter
According to ApeCoin's official Twitter account, the contract address is:
0x4d224452801ACEd8B2F0aebE155379bb5D594381
The token claim will only begin at 08:30am ET. Please note the ApeCoin address is on the Ethereum blockchain. CoinMarketCap has already listed APE although trading has not been officially opened.
source: CoinMarketCap
At the time of writing, there is no confirmation whether ApeCoin will be listed on PancakeSwap or Uniswap.
ApeCoin will be based on Decentralized Autonomous Organization (DAO ). To maintain full transparency, the treasury addresses are available to all.
The Board will consist of Alexis Ohanian, Amy Wu, Maaria Bajwa, Yat Siu and Dean Steinbeck. ApeCoin DAO members will be able to influence decisions in the Ecosystem Fund allocation, projects, partnerships, governance rules and more.
Becoming a DAO member is available to all ApeCoin holders.
8% of ApeCoin tokens (80 million) will be held by Yuga Labs founders. The tokens will be locked for 1 year, then approximately 2.2 million tokens will be unlocked per month for 36 months.
150,000,000 ApeCoins will be held by Yuga Labs, locked for 12 months and then 277,777.78 tokens released per month for 3 years.
