What is APE Coin?
Apecoin (APE) was recently launched by the Bored Ape Yacht Club Ecosystem. ApeCoin is an Ethereum-based token designed for utility and governance. There are 1 billion of them in total, with CoinMarketCap reporting that about 28% are currently in circulation. Many of the total supply of tokens will vest gradually over the next few years.
While ApeCoin is ostensibly the official token of the Bored Ape Yacht Club and acts like a reward for holders of Bored Ape NFT collectibles, the official line is that it wasn’t created by Yuga Labs—the team behind the Bored Apes.
Instead, it’s officially the creation of ApeCoin DAO, a new decentralized autonomous organization created to govern the token and its roadmap forward. Based on tweets from Yuga folks and board members, there was clearly a lot of attention put on precise and uniform messaging, likely for regulatory reasons.
ApeCoin DAO has recruited some prominent folks from around the crypto community to serve on its initial board, including Reddit co-founder Alexis Ohanian and FTX’s Amy Wu, and they’ll serve for six months before APE holders vote for next members on an annual basis.
Source: Andrew Hayward, Decrypt.co
FFLG APE Coin Donations:
We are very happy to announce that we accept APE coin as a form of donation.
The great news is that with every dollar value of APE coin donated, FFLG can provide two free vegan meals to a child in need.
APE coin was recently added to many major exchanges, including Coinbase, Binance and KuCoin.
Since your donation is processed by The Giving Block, you will automatically receive a receipt for your tax deduction.
Just choose APE coin from the dropdown menu below.