This is an asset created according to the ERC-20 standard on the Ethereum blockchain. He plays the role of a token manager within a decentralized organization and the APE Foundation. Digital currency is also actively used to promote the concept of the metaverse. The coin is associated with the BAYC NFT collection. The developers claim that the currency will be used for the following purposes: encouraging users to be active in the system, optimizing costs, the ability to manage (voting rights), to pay for services, applications and goods.

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ApeCoin

1/7 GM $APE fam, we are pleased to publish the inaugural Ape Transparency Report! This report shows $APE balances, inflows and outflows, and grants that have been allocated, paid, and remaining.

The full report can be found here: https://t.co/f1qUsxT4Xx

Let’s dig in 👇

1/7 GM $APE fam, we are pleased to publish the inaugural Ape Transparency Report.