What is ape coin?

Ape Coin is issued and managed by the Ape Coin DAO. This technically is not supposed to have anything to do with Yuga Labs. It is a separate decentralized entity that holds the IP rights to the Ape Coin logo and manages decisions around minting and other community related concerns. Ape Coins holders can use their coin to vote on DAO decisions

Is apecoin (ape) a good investment?

However, unlike Dogecoin or Shiba Inu, ApeCoin might actually provide some real utility and be here for the long haul. ApeCoin (APE) is an Ethereum -based token linked to the Bored Ape Yacht Club NFTs. Bored Ape Yacht Club NFTs are one of the most successful NFT projects to date. Bored Apes have sold for unthinkable prices.

Can you buy T-shirts with ape coins?

You can already use Ape Coin to purchase Merchandise like t-shirts from Yuga Labs. You can also use Ape Coin as in-game currency for Animoca Brands’ game: Benji Bananas . What’s more interesting is that TIME magazine have announced that you can purchase a subscription with Ape Coins.

What is the fully diluted valuation of apecoin (ape)?

The fully diluted valuation (FDV) of ApeCoin (APE) is $4,106,010,395. This is a statistical representation of the maximum market cap, assuming the maximum number of 1 Billion APE tokens are in circulation today. Depending on how the emission schedule of APE tokens are designed, it might take multiple years before FDV is realized.