Bored Apes Yacht Club (BAYC)-backed cryptocurrency ApeCoin (APE) took flight within minutes of trading on major exchanges such as Binance and FTX. Approximately 10,000 APEs of $100,000 were distributed to BAYC NFT holders via airdrop.
ApeCoin (APE), launching on leading exchanges
The highly anticipated APE has announced huge exchange listings that have been rumored for a long time. NFT holders from the 10,000-piece Bored Ape Yacht Club (BAYC) NFT collection received more than 10,000 APEs via airdrop. Mutant Ape Yacht Club (MAYC) investors buy around 2,000 APEs with airdrops of $100 and $20,000, respectively, at current prices. Listed on almost all major exchanges on March 16, APE hit $40 amidst the hype around airdrops. But after that, it quickly dropped to $10.
Which exchanges are APE listed on?
ApeCoin, Binance, OKX, Bybit, FTX and Gate.io are listed on almost all popular exchanges. It is trading at $7.96, down 78.15 percent from the ATH price of $39.40 reached on March 17.
How much APE will be in circulation?
ApeCoin’s total supply is permanently fixed at 1 billion coins, all minted at the same time. On launch day, March 17, 2022, 30.25% will be in circulation. This percentage will increase continuously after launch day at regular intervals over a 48-month period. The amount of ApeCoin in circulation is a dynamic number that will constantly change due to both the aforementioned calendar and numerous market factors.
What is ApeCoin (APE)?
ApeCoin is an ERC-20 governance and utility token used in the APE Ecosystem to power and promote a decentralized community building at the forefront of web3. ApeCoin holders manage themselves through the decentralized governance framework that controls the ApeCoin DAO and vote on how the ApeCoin DAO Ecosystem Fund should be used. The APE Foundation manages offers agreed upon by ApeCoin holders.
Which celebrities are Bored Ape Yacht Club (BAYC) NFT investors? You can take a look at the NFT portfolio of celebrities, from Snoop Dogg to Jazy-Z, which we compiled as Kriptokoin.com.
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