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Over the last couple of days, ApeCoin has been one of the most discussed topics in the crypto community. ApeCoin is an ERC-20 utility and governance token created for the Bored Ape Yacht Club project.
ApeCoin was launched after the creation of decentralized autonomous organization Apecoin DAO. ApeCoin wasn’t created by Yuga Labs (the creators of BAYC) but by ApeCoin DAO.
Within 24 hours of its launch, ApeCoin (APE) already featured in the top 50 cryptocurrencies ranked by market cap.
ApeCoin was created to be used within the APE Ecosystem to incentivize its community and empower the building of a decentralized community at the forefront of Web 3.0.
On March 16th, Apecoin DAO began airdropping ApeCoin to ‘ Bored Ape’ and ‘ Mutant Ape’ NFT holders. Since then, 12,701 of the 15,172 (83.7%) eligible Ape addresses have claimed their APE tokens.
In terms of the number of tokens, 116.18 million APE, out of the 150 million tokens set aside for airdrops, has been claimed.
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