Through the course of this article, we will understand all about the ApeCoin token and how to buy this crypto token.
Countries, individuals, and businesses from all around the world have recently expressed their support for the crypto community. Many more individuals are becoming aware of the importance of cryptocurrencies, and the role played by the blockchain sector in the financial transactions and trading ecosystem, particularly in the digital world.
There is no longer any need for third-party institutions such as banks to control users’ transactions and exchanges, as decentralization is crucial for the blockchain sector and cryptocurrency. In the crypto market, users have complete control over their transactions, giving rise to the phrase Peer-to-Peer transactions and trade.
Crypto users and investors should learn everything they can about any token in the crypto market that they use for their digital transactions and trades. This will help them make the best investment decisions and avoid tokens and projects in the crypto industry that are not legitimate and trustworthy.
The Ape coin is a cryptocurrency that has piqued the interest of many investors throughout time, owing to its rapid rise in the crypto sector since its inception.
What is ApeCoin Token?
ApeCoin is an ERC-20 governance and functionality token that is utilized within the APE Ecosystem to promote and incentivize the development of a decentralized community at the center stage of web3.
ApeCoin holders regulate themselves using the ApeCoin DAO’s decentralized governance architecture, voting on how the ApeCoin DAO Ecosystem Fund should be used. The APE Foundation is in charge of ApeCoin holders’ initiatives.
Here are some of the basic and important information about the ApeCoin necessary for investors and crypto users to understand:
- ApeCoin is the governance token for the APE Ecosystem, allowing token holders to engage in the ApeCoin DAO and providing shared and open money that can be utilized without the use of centralized middlemen. The Ecosystem Fund will receive 62% of all ApeCoin and will assist community-driven initiatives as determined by ApeCoin DAO members.
- ApeCoin also grants access to areas of the ecosystem that would otherwise be closed off, such as exclusive games and services. ApeCoin is a tool for third-party developers to join in the ecosystem by integrating ApeCoin into their services, games, and other projects.
- Yuga Labs, the designers of Bored Ape Yacht Club, gave the APE Foundation a one-of-a-kind NFT. The APE Foundation has acquired all rights and privileges to this NFT and its accompanying artwork from Yuga Labs. Members of the ApeCoin DAO have control over how this intellectual property can be used.
- The ApeCoin token is an ERC-20 token which means this token is a strong token in the crypto market given the success and strength of many other ERC-20 tokens in the crypto market.
These are vital information important for crypto users and investors to understand as they invest in the ApeCoin token.
Market Capitalization and Tokenomics of the ApeCoin
Given its importance and impact on the growth and advancement of crypto tokens or coins in the blockchain ecosystem, the tokenomics of every crypto token in the coin market is a crucial part of any crypto-token.
The tokenomics of a given token applies to the distribution, circulation, burn, staking, and liquidity of that crypto-token, contributing to its success and volatility in the coin market.
Here are the tokenomics of the ApeCoin necessary for potential investors and holders to understand:
- The ApeCoin has a total supply of 1 Billion ApeCoin tokens with a circulating supply of 277,500,000 APE coins.
- 30.25% will be in circulation on March 17, 2022, which is the launch day. This proportion will keep rising at regular intervals for the next 48 months following the launch day.
- As at the time of writing this article, the ApeCoin token has a fully diluted market cap of $10,490,105,023.80 and is ranked #48 on the crypto reporting platform CoinMarketCap.
- The ApeCoin token has a 24-hour trading volume of $2,567,012,297 and has grown dramatically in proportion and usage time in recent times.
Price and Contract Address
The ApeCoin token has seen a significant increase in price as well as the number of holders and investors since its introduction in the crypto market, making it a high-potential currency with a bright future.
At the time of writing, the ApeCoin token was trading at $10.57 per token.
Its contract address is 0x4d224452801aced8b2f0aebe155379bb5d594381.
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Where and How to Buy ApeCoin Token Step-By-Step Guide
In the crypto market, the ApeCoin is a notable crypto token. It can be purchased on various major crypto exchange platforms, making it easier for investors and crypto users to get their hands on this coin at any time.
The ApeCoin can be purchased and stored on the following major crypto exchanges:
Using the Binance Crypto Exchange Platform
Prospective crypto users and investors can easily purchase and store the ApeCoin on the Binance platform.
The following is a step-by-step explanation on how to buy the ApeCoin token using the Binance crypto platform:
- Users can sign up for the Binance crypto platform and complete all of the required verification requirements, allowing them to begin trading on the marketplace.
- This verification may necessitate the submission of some required IDs in order to validate users’ identities on the platform.
- Users may then load their wallets and acquire USDT, a stable coin that investors and crypto users can use to easily purchase other tokens on the platform.
- After purchasing USDT, the user should go to the Binance platform’s search box and look for the ApeCoin token. Clicking on this token will lead the user to a page where they can purchase it.
- Input the amount of USDT required for the transaction based on the user’s preference, and then click the “Buy APE” button, which will instantly purchase and store the ApeCoin token in the user’s wallet.
Is the ApeCoin Token a Good Crypto Investment?
The ApeCoin token is a prominent token in the crypto market, providing users and investors with a strong token in the crypto market and letting its holders vote on important issues relating to the Ape blockchain network and its implementation in the blockchain industry.
Users should still conduct preliminary research on any platform, protocol, or token that they intend to invest in the crypto world. This will assist them in making the best choice and maximizing the return on their investment.
What are your thoughts on the ApeCoin token? Leave your ideas and opinions in the comment section.