ApeCoin is the native cryptocurrency of the Bored Ape Yacht Club (BAYC) ecosystem. BAYC is one of the most widely known NFT collections on the Ethereum blockchain, the collection features a variety of apes wearing accessories. ApeCoin is a utility and governance token built on Ethereum's ERC-20 standards, designed as a protocol layer for various community led initiatives.
ApeCoin can be used for payments and transactions within Web 3.0 apps. The token is governed by a DAO, allowing ApeCoin holders to vote on community-led proposals that determine the token and ecosystems future. APE has the potential to be adopted by numerous businesses and projects within the Web 3.0 industry.
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