2.16% of APE tokens will be unlocked on January 17th

2024-12-21 01:14:51

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On January 17th, APEcoin will unlock 15,600,000 APE tokens, which is approximately 2.16% of the total circulating supply.

APE Information

ApeCoin (APE) is a utility and governance token underlying the APE ecosystem, a decentralized protocol that promotes community building in Web 3.0. Yuga Labs, the creators of the well-known NFT collections Bored Ape Yacht Club (BAYC) and the rights holders of CryptoPunks and Meebits, have integrated APE as the primary token for their new products and services.

The ApeCoin operating mechanism is based on a decentralized autonomous organization (DAO), which allows APE holders to participate in management decisions. All decisions are made based on token holder voting, after which the APE Foundation ensures the implementation of these decisions. A special unit within the fund, called the “Board,” ensures that the implemented solutions align with the community’s vision.

The APE token enables holders to participate in the management of the APE ecosystem through DAO, gain exclusive access to ecosystem features, and is used by third-party developers as a tool for incentivizing integration into their projects, games, and services.

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