ZoneBitcoin EditorialAh, the Apecoin (APE) token…The Bored Ape Yacht Club also called by their acronym BAYC have just launched their token…
It's a very long history that we have with this NFT, as you know.
In an article " How to sell your NFTs", we told you about it (when the NFT was not yet launched and we had - it must be said - a crazy intuition that the project was going to be a success). However, we are not saying that to show off. We are saying this to tell you that we have loved this project since the beginning. While it was mintable at only 0,08 ETH...
In fact, we followed the start of the meteoric rise of these Depressed Monkey NFTs Selling for Millions of Dollars Today. Celebrities are snapping it up and it has become an emblem today of the ostentatious and sometimes pathetic wealth that NFTs can bring.
We are preparing a file on the subject as there is so much to say.
However, today, we are relaying a little news that is already causing a lot of noise.
The Bored Ape Yatch Club project has just released its own token: ApeCoin (APE). Holders of the BAYC and MAYC NFT will be able to claim them for free on the site Apecoin.
The Apecoin token
The project took its time and it took a year to see the release of its ApeCoin token.
At the same time, a DAO (decentralized autonomous organization) was restructured. In fact, a foundation will be created in parallel to follow the decisions of the DAO.
Among the members of the DAO board, we find big names such as Alexis Ohanian (co-founder of Reddit), Amy Wu (executive at FTX) and Yat Siu (Co-founder of Animoca Brands). There are still other famous names in the Apecoin DAO.
The token – in a good way tokenomics– must be used and find meaning in a given ecosystem. Therefore, on the site, we also find the allocations and distributions granted.
Indeed, if the token was launched, it was to justify a series of other actions.
In fact, the first real project to be released was the video game announced by the company behind Bored Ape: Yuga Labs.
The Apecoin token would then, logically, be the main currency of the game. For the moment, the game is still under discussion…
Yet this is what everyone was waiting for.
What will Apecoin be used for?
The BAYC project is the most valued project of all NFTs in existence. Thus, the holders (among them, many stars) have requirements. The apecoin token then has a good development horizon ahead of it.
Thus, according to Decypt, there are residences in Miami (the city of CityCoins) like those of E11EVEN Residences will accept payment with APE token. Likewise, breweries and other shops will also accept apecoin as payment.
Finding a use is the basis. If you make a good crypto fundamental analysis, you know it…
So, in idea and from what we have read on the site, apecoin could serve as a means of payment on the metaverse for example or for other services directly or indirectly linked to NFTs.
The Apecoin token, the hype and the cash machine?
For some time now, we have seen that NFTs are evolving into a form other than pure collectibles. THE NFTs that are not JPEG become businesses in their own right over time.
And, in the case of Bored Ape Yatch Club, it must be said that success fell to them. Today they think a posteriori how to create products and services to preserve the acquired level of their NFT.
Indeed, BAYC holders have commercial rights for their NFT. Each holder can create merchandising for example and sell T-shirts with their NFT symbol without any problem.
It's still an experience, to tell you that. You would have to be crazy to believe that you can control what you are witnessing.
The future of APECOIN…
Is it just a fad like the Beasty Boys were in the 80s? A dazzling and rapid success which foreshadowed the ephemeral successes of the Boys Band consort. These are the doxxed founders of BAYC who claimed to have thought of that when they saw the sales records being made…
For those who want to buy Apecoin token, you must go to Binance or Coinbase or even Uniswap (because it is an ERC-20 token).
In less than 24 hours, the volume reached Binance $1,422,855,916 and experienced an increase of more than 1000%…After NFTs, Apecoin tokens will still bring money to the founders…
A cash machine was born?
It seems like…
???? For the more curious, you can read other articles on the subject:
- Bored Ape Yacht Club (BAYC) : Depressed monkeys that sell for millions of dollars
- The founders of BAYC doxed: who are they
- How sell NFTs.
Note: No financial advice is given in this or any other article on zonebitcoin. This is information of which you are the sole judge and master. Be responsible with your investments and only invest as much as you are willing to lose.
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