APES PriceAPESInactive

What is APES?

This article covers APES (CoinMarketCap ID 32743), which is a separate token from ApeCoin (APE); the two are not the same asset.

APES is described by CoinMarketCap as an ERC-20 token on Ethereum launched in March 2022, while a Bitcoin Foundation article describes a community-driven APES token on Robinhood Chain, an Ethereum-compatible Layer 2. The sources do not agree on a single chain, so readers should verify the contract address before trading.

APES uses ape-themed branding similar to other ape-themed tokens; no official partnership with ApeCoin or Yuga Labs is confirmed in the sources. Its primary use case revolves around community engagement, speculation, and participation within its own ecosystem.

CoinMarketCap describes the project's mission as "Join the APES GANG – shill the coin, play the game, have fun, and stake your tokens!" CryptoSlate describes APES as a community-focused token intended to give holders access to tools and digital assets in its ecosystem, including the analytics platform Gemtools.io and related NFTs.

APES Key Specifications & Tokenomics

APES is a meme token that capitalizes on the cultural momentum of the ape-themed cryptocurrency space.

Who created APES?

APES launched in March 2022 according to CoinMarketCap. The project has not publicly disclosed its team or distribution details, so the founding team and initial allocation cannot be independently verified. The project emphasizes a decentralized, community-owned model where development and marketing efforts are driven by its holder base. This approach aligns with the typical meme coin philosophy of "by the degens, for the degens," where the community's social engagement and promotional activities are crucial for the token's visibility and perceived value.

How does APES work?

APES functions as a token on its respective network. Its mechanics are relatively straightforward, focusing on transferability and trading. Holders can store APES in a compatible wallet and trade it on supported exchanges. The project's operation heavily relies on social community dynamics. Value is primarily driven by community sentiment, online trends, and its associative narrative with the larger ape-themed crypto meta, rather than complex technological utility or protocol governance.

What makes APES unique and valuable?

APES derives its uniqueness and perceived value from several key factors centered on its community and positioning:

• Narrative Association: APES uses ape-themed branding similar to other ape-themed tokens; no official partnership with ApeCoin or Yuga Labs is confirmed in the sources.
• Pure Community Drive: Its value proposition is almost entirely based on the strength and activity of its community. Successful marketing, social media virality, and organic holder growth are the main drivers for its price action and longevity in the highly competitive meme coin market.
• Fixed Supply: With a capped maximum supply, APES incorporates a simple scarcity model that can appeal to speculators looking for tokens with defined issuance limits, unlike inflationary meme coins.

What is APES used for?

The utility of APES is typical of community-focused meme coins and is primarily social and speculative in nature.

• Community Membership: Holding APES can signify membership within its specific online community, often granting access to dedicated social channels, voting on minor community initiatives, or participating in insider discussions.
• Speculative Trading: The primary use case for most holders is to buy, sell, or trade APES on the open market, aiming to profit from price volatility.
• Cultural Symbol: It acts as a digital cultural token representing a specific niche within the broader cryptocurrency space.
• Potential Future Utility: Like many meme projects, the community may propose or develop additional utilities in the future, such as integration with games, NFT collections, or community treasury grants, but these are not inherent features at launch.

Per the Bitcoin Foundation article, APES has no publicly confirmed utility beyond community initiatives and should be considered an early ecosystem asset rather than a utility token.

How Is the APES ecosystem developing?

The APES ecosystem development is intrinsically linked to its community's activity. Growth is typically measured by:

• Social Media Presence: Expansion and engagement on social platforms are critical indicators of ecosystem health.
• Exchange Listings: Gaining listings on more centralized exchanges (CEXs) and maintaining strong liquidity on decentralized exchanges (DEXs) are major development milestones that improve accessibility and legitimacy.
• Community-Led Initiatives: The ecosystem may see community-organized events, meme contests, charity drives, or collaborative projects with other tokens. The development of unofficial fan art, websites, and tools also contributes to the ecosystem.
• Narrative Evolution: The project's story may evolve, potentially forging stronger or new associative links with other trends or projects within the crypto space to maintain relevance.

Like most meme coins, APES's visibility depends on social media activity and exchange listings; the sources do not document specific community events, partnerships, or DEX listings for APES.

How to mine APES?

APES is not a mineable cryptocurrency; it is a pre-minted token. Per CoinMarketCap, holders can stake APES to earn rewards by locking tokens. The project has not publicly disclosed detailed tokenomics, so the source of staking rewards should be verified with the project.

How to keep your APES Coin safe?

Securing your APES tokens involves standard practices for safeguarding crypto assets:

• Use a Reputable Wallet: Store your APES in a non-custodial wallet where you control the private keys, or use a hardware wallet. Avoid keeping large amounts on exchange wallets long-term.
• Guard Your Seed Phrase: Your wallet's recovery seed phrase is the master key to your funds. Write it down on paper, store it in a secure offline location, and never share it with anyone or enter it on any website.
• Verify Transactions: Always double-check the recipient address and network before sending any APES. Be cautious of unsolicited offers or links promising free tokens, as these are often scams.
• Stay Updated: Follow the official APES community channels for any important announcements, but remain vigilant for impersonators and phishing attempts within those communities.

How to buy APES Coin?

APES is listed on various centralized and decentralized exchanges; check a reputable market-data site for current listings and liquidity before trading. This is not an endorsement of any platform.

Per CryptoSlate, APES reports 21 trading pairs but currently has 0 active exchanges and 0 valid markets, so liquidity is very limited.

Risks

APES carries significant risk: the Bitcoin Foundation article cites low liquidity and early-stage development as its main risks, and CryptoSlate notes that low trading activity can make the displayed price sensitive to a handful of trades. Meme coins can lose most of their value; this is not investment advice.

CertiK lists a rating of 2.9 for APES; the scale and methodology are not specified in the available sources, so this figure should not be read as a safety guarantee.

Self-reported circulating supply: 981.44 million APES (about 98.14% of total supply), per CoinMarketCap.

This article is for reference only and does not constitute investment advice.