APE, the ApeCoin DAO ecosystem token, its price and how it works
25 Sep, 2022
APE: basic information and price
How much does an Ape Coin (APE) cost?
In June 2022, the price of an APE unit was approximately 4.54 USD, subject to market variations. APE has a max supply capped at 1 billion tokens. Of these, approximately 300 million units are in circulation, or 30% of the maximum supply.
How does a DAO work and what is it for?
The acronym DAO stands for Decentralized Autonomous Organization. This means that the platform is managed and developed by the user community. It is an organizational model of the decentralized finance movement in which the main idea is the possibility of carrying out transactions without the need for an intermediary. Self-management, transparency and speed in managing crypto assets are the foundations of this organization.
Does Ape Coin (APE) belong to Yuga Labs?
APE was developed by Yuga Labs, a company that specializes in cryptoassets, especially NFTs, and has become known for its collection of assets called Bored Apes. However, ApeCoin DAO was created to manage and develop the next steps of the project. Therefore, despite being created by Yuga Labs, APE is managed by its own user community, which is ApeCoin DAO.
How to buy APE?
APE can be purchased on exchanges like Bitso. Make an initial deposit of 5 USD on the Bitso app or website to purchase APE or other cryptocurrencies.