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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RT @apetalentproj: We are very close to opening the beta-testing phase. Latest UI/UX stuff and making the latest changes to the login proce…

We are very close to opening the beta-testing phase. Latest UI/UX stuff and making the latest changes to the login process so you can not only access by holding $APE but also take into account your staked $APE. We’re very excited to start getting feedback from the community ❤️🦍 https://t.co/pKi18Ork2x

[4/n] Staked $APE remains eligible and a 4th voting strategy has been added on Snapshot called “$APE (staked)”!
-For ApeCoin staking pool, the eligible address is the one that made the commitment.
-For all other pools, the eligible address is the one that holds the BAYC/MAYC.