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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Animoca Digital Research

RT @animocaresearch: 1/ The $APE staking protocol has started distributing rewards today, let's take a look at how much buy-ins it has rece…

1/ The $APE staking protocol has started distributing rewards today, let's take a look at how much buy-ins it has received from the #APE community and how much reward it's dishing out, a 🧵: