What is Apecoin?
Apecoin is an Ethereum blockchain-based, fungible ERC-20 coin. Anyone who possessed an NFT that was a part of the Bored Ape Yacht Club (BAYC), the Mutant Ape Yacht Club (MAYC), was initially given an airdrop of the APE token, which was sent directly to the Ethereum wallets of the receivers. At the time, this was one of the most expensive airdrops in cryptocurrency history. Each BAYC NFT holder may actually claim over $100,000 in APE at launch.
By possessing APE, users become members of the Ape decentralized autonomous organization (ApeDAO), giving them the ability to vote on suggestions for system enhancements and control the token’s surrounding neighborhood.
APE is intended to be utilized as a utility token—or currency—in web3 applications like games and metaverse environments, in addition to its usage in network governance.
Who created Apecoin?
The APE token was made available in March 2022 under the direction of ApeDAO. It was distributed to NFT holders, the ApeDAO Treasury, and additional stakeholders such as Yuga Labs, the Cartan Group, the APE Foundation, and its board members.
Alexis Ohanian, a co-founder of Reddit, Yat Siu, of the developer and venture capital firm Animoca Brands, and Amy Wu, an investor in FTX, are just a few of the notable individuals who serve on The Ape Foundation Board. Their duty is to ensure that the decisions of the ApeDAO, which are made by those who own the APE token, are carried out as intended.
The company that developed BAYC, Yuga Labs, does not have ownership over ApeCoin; however, the company’s founders did acquire a sizeable share of the coin’s supply, and Yuga Labs is recognized as a contributor to the project.
When is Apecoin launched?
The primary cryptocurrency of the Bored Ape Yacht Club ecosystem, ApeCoin was formally launched on March 16, 2022, as a token for culture, gaming, and trade. The native ERC-20 token for Ethereum, which trades under the symbol $APE, has a market cap of $4.02 billion, according to information from CoinMarketCap. Of the 1 billion tokens that make up ApeCoin’s fixed supply, about 28% are currently in use.
Where to buy Apecoin?
Apecoin is available for purchase through a variety of online exchanges. Some of the most popular places to buy Apecoin are: Binance, Huobi Global, OKX, and HitBTC. All of these exchanges provide a secure platform to purchase Apecoin with either your bank account or credit card.
It is also essential to understand the fees associated with trading Apecoin, as these can vary from exchange to exchange. Be sure to compare the different exchanges to ensure you are getting the best deal.
Before making any purchase, make sure to do research on the exchange and read their terms of service carefully. Additionally, always ensure that you are trading with a reputable and trustworthy exchange, as some of the lesser-known platforms may not be secure.
Can I buy Apecoin on Binance?
Yes, you can buy Apecoin on Binance. All you need to do is log into your Binance account, click the “Exchange” tab, and search for the Apecoin (APE) trading pair. Once you’ve found it, select “Buy APE” and enter the amount of Apecoin you’d like to purchase. You can then review the order and click “Buy APE” to finalize your purchase.
Can I buy Apecoin on Coingecko?
Although it is impossible to buy or sell cryptocurrencies directly on CoinGecko, the website will provide a list of other locations where such transactions can be completed. CoinGecko is not an exchange or a wallet service; rather, it is a resource that offers information on various cryptocurrencies in order to assist you in making an educated choice.
How to buy Apecoin
1. How much coins do you want
Decide how much Apecoin you wish to purchase. You can buy as little as one apecoin or as many as you like.
2. Choose an Exchange
Choose a reputable exchange to buy Apecoin from. Look for exchanges that offer competitive prices and good security.
3. Account Registration
Register for an account with the exchange. You will need to provide some personal information.
4. Fund your account
You can use a bank transfer, credit card, or other payment method to deposit money into your account.
5. Place and order
Place an order to buy Apecoin. Decide how much you want to purchase and choose the order type (limit, market, or stop).
6. Wait for your order
Wait for your order to be filled. Once it’s been processed, you will have Apecoin in your account.
7. Store your currency
Store your Apecoin safely. You can store it in a wallet on the exchange, or transfer it to an external wallet for added security.
Is Apecoin a good investment?
Apecoin has the potential to be a good investment. Apecoin is designed and built on the Ethereum blockchain, making it secure, reliable, and built with the latest security protocols. Additionally, it is backed by a passionate team of developers and a large community that is actively engaging with the project. With its innovative features, such as decentralized finance (DeFi) applications and advanced smart contract technology, Apecoin has the potential to revolutionize the blockchain industry.
However, investing in Apecoin is a high-risk investment and should be done with caution. Before investing in any cryptocurrency, it’s vital to understand the risks associated with it and do your due diligence. Additionally, be sure to diversify your investments and never invest more than you can afford to lose.
In conclusion, Apecoin has the potential to be a good investment, but it should not be taken lightly. Do your research, and always remember to diversify your portfolio for maximum returns.
Price prediction of Apecoin
The price of Apecoin can be expected to increase significantly in the next five years. With its decentralized blockchain platform and network, Apecoin has the potential to become a prominent player in the cryptocurrency industry.
As more people become aware of the advantages that come with using cryptocurrencies, such as low transaction fees, privacy, and security, the demand for Apecoin is likely to increase. This will drive up its price.
Additionally, as more businesses and institutions start incorporating blockchain technology into their operations, the use of Apecoin in these contexts can bolster its value as well. As a result, we can expect that Apecoin’s price will rise steadily in the next five years.
Is Apecoin safe?
The investing potential of ApeCoin has been validated by a diverse group of analysts and industry professionals. ApeCoin has been given a score of 95% by the security company CERTIK, which indicates that it is very secure. In addition, the technology that underpins ApeCoin is very safe because it makes use of the most current encryption strategies and blockchain technology.
In addition, ApeCoin has created a variety of safety mechanisms to guarantee the safety of its customers’ assets while they are being held in cold storage. Among these are the utilization of cold storage wallets, the requirement for multi-signature transactions, and the demand for two-factor authentication. Investing in ApeCoin is made to be a dependable and risk-free endeavor, thanks to these many precautions.
ApeCoin maintains the best possible security standards in order to safeguard the financial resources and personal information of its users.
Those who are trying to diversify their portfolios or invest in cryptocurrencies can consider purchasing ApeCoin because it is a reliable investment option.
Conclusion of Apecoin
Apecoin is a new cryptocurrency that was intended to provide users with a straightforward, foolproof, and untraceable method of transacting with digital currencies. It makes use of the most beneficial aspects of both Bitcoin and Ethereum, enabling users to have maximum control over their cash while also simplifying the process of conducting transactions in a way that is both speedy and secure.
The Apecoin team is dedicated to providing the highest level of service and security possible, and they do it while also giving users with a wide range of features designed to make their time with the platform as pleasant as is humanly feasible. Even though the project is still in its preliminary phases, initial signs indicate that it will be successful and that it has the potential to become one of the most prominent digital currencies now accessible on the market. Apecoin’s one-of-a-kind characteristics give it the ability to usher in a revolutionary new era in terms of how people interact with digital currencies and how transactions involving cryptocurrencies may be made simpler and safer.
We Coin-Labs provides only objective information about Apecoin.
Therefore, we are not responsible for the investment decision in Apecoin and the resulting loss.
Apecoin Basics
The primary characteristics of Apecoin are as follows.
| Cryptocurrency Features | Apecoin (APE) |
|---|---|
| Publisher or Developers | ApeDAO |
| Jurisdiction of Incorporation (Registration Number) | USA |
| Symbol | APE |
| Platform | Coinbase |
| Published Date (CMC Registration) | 2022-03-17 |
| Max Supply | 1,000,000,000 APE |
Investment Suitability of Apecoin in 2023
The results of the Apecoin investment suitability evaluation conducted by Coin-Labs are as follows.
| Investment Suitability Rating Items | Scores and Current Status |
|---|---|
| Company Activation Rate | / 10.0 CAR |
| Communication Rate | / 10.0 CR |
| Technology Transparency Rate | / 10.0 TTR |
| Development Participation Rate | / 10.0 DPR |
| Listing Status on the Top 4 Exchanges in Korea | Listed on 1 Exchanges |
| Listing Status on the World's Top 10 Exchanges | Listed on 8 Exchanges |
| Number of Available Pairs Worldwide | 238 Pairs |
| Market Cap of the Cryptocurrency | 2,866,337,637,242 KRW (Rank #29) |
The table above shows the result of investment suitability evaluation for Apecoin.
More descriptions about the rating items can be found here.
Apecoin Price
The price and recent trading volume of Apecoin are as follows. (Data of 2023-01-27 17:00:25)
| Price Items | Price and Trading Volume of Apecoin |
|---|---|
| Apecoin Price | 7,776.414 KRW |
| Price Change 24h | 3.04% |
| Price Change 7d | 29.09% |
| Trading Volume 24h | 342,999,310,486 KRW |
| Trading Volume Change 24h | -35.71% |
Cryptocurrency Metadata
You can check the development status and social media information of Apecoin through the links in the table below.
| Metadata Source | URL |
|---|---|
| 🌎 Official Website | http://apecoin.com/ |
| 📖 White Paper | |
| 🛰️ Source Code (GitHub) | |
| https://twitter.com/apecoin | |
| 🎺 Message Board |
Korean Crypto Exchanges where Apecoin is Listed
Korean crypto exchanges where Apecoin is listed in 2023 are as follows.
| Top4 Exchanges | Listed Status | Page URL |
|---|---|---|
| Upbit | Not listed | |
| Coinone | Not listed | |
| Korbit | Listed | https://lightning.korbit.co.kr/markets/?market=ape-krw |
| Bithumb | Not listed |
World Crypto Exchanges where Apecoin is Listed
World crypto exchanges where Apecoin is listed in 2023 are as follows.
| Top10 Exchanges | Listed Status | Page URL |
|---|---|---|
| Binance | Listed | https://www.binance.com/en/trade/APE_BTC?theme=dark&type=spot |
| Huobi | Listed | https://www.huobi.com/en-us/exchange/ape_usdt |
| Coinbase | Listed | https://pro.coinbase.com/trade/APE-USD |
| FTX | Not listed | |
| Kraken | Listed | https://trade.kraken.com/ko/charts/KRAKEN:APE-USD |
| KuCoin | Listed | https://www.kucoin.com/ko/trade/APE-USDT |
| Bitfinex | Listed | https://trading.bitfinex.com/t/APE:USD?type=exchange |
| Bithumb | Not listed | |
| Gate.io | Listed | https://www.gate.io/zh-tw/trade/APE_USDT |
| Bitstamp | Listed | https://www.bitstamp.net/markets/ape/usd/ |
Frequently Asked Questions
What is the current price of Apecoin?
Apecoin price today is 7,776.414 KRW. Furthermore, the price of Apecoin has fluctuated by 3.04% from 24 hours ago, and by 29.09% from a week ago.
Where is Apecoin listed?
Currently, it is listed on a total of 1 among the 4 largest exchanges in Korea, and is listed on a total of 8 among the world top 10 exchanges.
What is the market cap of Apecoin now?
Currently, Apecoin has a market cap of 2,866,337,637,242 KRW, which is ranking 29 among cryptocurrencies worldwide.
How much is the trade volume of Apecoin?
Currently, 368,593,750 APE coins are circulating through 238 market pairs. As a result, in the last 24 hours, 342,999,310,486 KRW of APE coins were traded in the market.
