ApeCoin is a cryptocurrency affiliated with the Bored Ape Yacht Club based on the ERC-20 blockchain. Apecoin brings a long-awaited governance aspect to the APE ecosystem. Among other things, ApeCoin represents a governance token (in other words, voting rights), giving ApeCoin holders a say in project development and important decisions.
APECOIN serves a multi-purpose work on the ecosystem.
- Coin holders can participate in the governance of the DAO to allow them access to unique ecosystem features, such as games, events, merchandising and services.
- APECOIN is accepted by many traders as it is a perpetual ERC-20 token.
- The coin is already in use as an NFT reward and holders with BAYC receive free APE which they can cash out immediately.
Apecoin Use Cases
- APECOIN is a utility token that can be used to purchase gaming products developed by the BAIC community.
- It works as a third-party developer in the ecosystem by integrating APE into games, projects, and other services.
- APE is adopted as an incentive for players in Benji Bananas, a play-to-earn mobile game developed by Animoca Brands. Benji Bananas offers a Membership Pass (“Benji Pass”), an NFT that allows its owners to earn special tokens while playing Benji Bananas and will also allow such tokens to be exchanged for Apecoin.
HOW IS Apecoin DIFFERENT FROM OTHERS?
- BAYC (the most expensive collection of NFTs) is behind APECOIN. Therefore, this coin has a good reputation from others due to approval.
- An important competitive advantage of Apcoin is its association with Yuga Labs, arguably the most influential presence in the NFT space. As a result, Apecoin benefits from all the share capital associated with the Bored Ape Yacht Club and all other projects in the Yuga Labs ecosystem.
- In addition to NFT rewards, APECOIN allows payment options and other exclusive features within the APE ecosystem.
- APECOIN has been in the spotlight since its appearance. Creators offered many incentives to increase their usefulness.
APECOIN COMPETITORS
- HachiFi: -This cryptocurrency is very popular in recent times. Which is built on a much larger ecosystem. Users can benefit from NFT collection and passive income.
- AXIE INFINITY: – This is a popular game inspired by Pokemon. Where players can buy virtual resources and sell them with real money.
- DECENTRALAND: – Decentraland is a platform powered by blockchain technology that enables the development of augmented reality land where users can buy, sell or rent plots of land stored as NFTs on the Ethereum (ETH) blockchain.