APE is an ERC-20 token released by ApeCoin DAO that serves as the governance and utility token for the APE ecosystem.
ApeCoin (APE) is an Ethereum token designed for the APE ecosystem and community.
What is ApeCoin (APE)?
APE is an ERC-20 token that functions as a governance token and membership pass for token holders. As a governance token, APE holders can submit and vote on proposals for the DAO’s Ecosystem Fund allocations, governance rules, projects, partnerships, and beyond. APE holders can vote to spend the Ecosystem Funds on a variety of community initiatives for the continued development of the APE ecosystem.
In addition to the governance aspect, APE offers token holders additional utility in the form of a membership pass functionality that grants users access to games, services, and events across the APE ecosystem. APE also serves as a community incentive, allowing token holders to earn APE through grants approved by ApeCoin DAO members. Finally, APE will be used as the native currency for play to earn (P2E) platforms within the APE ecosystem. While users can buy APE from digital asset platforms like Binance.US, APE will also be airdropped to existing BAYC and Mutant Ape Yacht Club (MAYC) NFT holders. There is a maximum supply of one billion APE. No additional tokens can be minted.
How to trade ApeCoin (APE) on Binance.US
Buy ApeCoin (APE) with Bank Transfer (ACH), Debit Card, or Wire Transfer once trading goes live.
*Note: This article was last updated on March 23, 2022. Deposits for APE first opened on March 17, 2022 at 5:30 a.m. PDT / 8:30 a.m. EDT. Trading opened on APE/USD and APE/UDST pairs 12 hours later, followed by "Buy Crypto" functionality on March 23, 2022.
Follow us on social media to stay up to date with Binance.US news and announcements:
Legal disclaimer: This material has been prepared for general informational purposes only and should NOT be: (1) considered an individualized recommendation or advice; and (2) relied upon for any investment activities. All information is provided on an as-is basis and is subject to change without notice, we make no representation or warranty of any kind, express or implied, regarding the accuracy, validity, reliability, availability or completeness of any such information. Binance.US does NOT provide investment, legal, or tax advice in any manner or form. The ownership of any investment decision(s) exclusively vests with you after analyzing all possible risk factors and by exercising your own independent discretion. Binance.US shall not be liable for any consequences thereof.