What is ApeCoin (APE)

1. Project Introduction
ApeCoin (APE) is the governance and utility token of the APE ecosystem, focused on fostering decentralized community building within Web3. Managed by the ApeCoin DAO and supported by the APE Foundation, APE holders can participate in governance decisions and gain access to exclusive ecosystem features such as games, events, and services. Yuga Labs, the creator of the renowned NFT project Bored Ape Yacht Club (BAYC), is a key player in the ecosystem and actively promotes APE as the primary token for its new products and services.
Summary: ApeCoin is the core token driving the APE ecosystem, enabling decentralized governance and a variety of applications. Holders can participate in decision-making and access exclusive ecosystem services.
2. Team & Investment Info
Yuga Labs, the company behind APE, was co-founded by Greg Solano, an MFA graduate from the University of Virginia, and Wylie Aronow, a high-frequency crypto trader. Initially operating anonymously, their identities were revealed after the success of BAYC. Yuga Labs has launched multiple projects, including BAYC, MAYC, and BAKC, as well as the metaverse gaming projects Arcade and Otherside.
Funding: In February 2022, Yuga Labs raised $450 million in funding, led by Andreessen Horowitz (a16z) with participation from Animoca Brands and others. The round valued Yuga Labs at $4 billion.
3. Social Media URLs
X: https://x.com/apecoin
APE Forum: https://forum.apecoin.com/
4. Token Info
Token Symbol: APE
Total Supply: 1,000,000,000
Token Type: ERC-20
Issuance/Burn Mechanism: Fixed supply
Contract Address: 0x4d224452801aced8b2f0aebe155379bb5d594381
Token Distribution:
Ecosystem Fund: 62% (15% airdropped to BAYC/MAYC holders, 47% allocated to DAO and treasury)
Yuga Labs & Charity: 16% (15% to Yuga Labs, 1% donated to the Jane Goodall Legacy Foundation)
Launch Contributors: 14%
BAYC Founders: 8%
5. Related Links
Official Website: http://apecoin.com/