What is apecoin staking?

ApeCoin staking is a phenomenal way to generate yield on idle APE. To earn interest, all you need to do is deposit your tokens. Although there are risks associated with staking, done correctly, it may be a fantastic source of passive income. The following discussion will explore the easiest ways to stake ApeCoin in any country you reside in.

Who can buy apecoin?

ApeCoin was originally distributed to owners of the Bored Ape Yacht Club and Mutant Ape Yacht Club via a claimable airdrop. But anyone with an account on Coinbase, or a number of other crypto exchanges can also buy the coin. ( Buy ApeCoin here .)

Is apecoin Dao a Yuga labs token?

It hinges on the idea that ApeCoin DAO is entirely independent from Yuga Labs. If Yuga Labs issued a token explicitly as a reward for Bored Ape holders, you could more easily make the argument that a Bored Ape is a kind of investment, and therefore subject to securities regulations.

Is apecoin from the bored ape Yacht Club?

A press release, courtesy of a company called Strange Brew Strategies, warns journalists that “it’s probably tempting to write that ApeCoin is from the Bored Ape Yacht Club to simplify things, but it’s not accurate.” The distribution model for ApeCoin further complicates that question of agency.