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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Horizen Labs

RT @HorizenLabs: Ape Staking Update: Rewards for staked $APE are now LIVE and accruing!

Shout-out to the Ape Community for your patience t…

Ape Staking Update: Rewards for staked $APE are now LIVE and accruing!

Shout-out to the Ape Community for your patience throughout the https://t.co/sDan8JjWSC project. We hope your staking journey is a rewarding one.

RT @HorizenLabs: Ape Staking Update: Rewards for staked $APE are now LIVE and accruing.