We are thrilled to share that ApeCoin (APE) is now listed on Coinhako!
What are ApeCoin DAO and APE?
The core of the APE ecosystem is the ApeCoin DAO, which governs through its ApeCoin token. The APE Foundation implements the DAO's decisions. The Foundation consists of experienced crypto industry members, offering value to projects. ApeCoin owners can directly influence the APE ecosystem's development through voting in the DAO.
ApeCoin is an ERC-20 token used in the APE ecosystem to empower a decentralized web3 community and serves as a governance token and will be central to any innovations developed by the DAO. Yuga Labs plans to use ApeCoin as the primary payment method for its future products and services. Holders can also access to exclusive ecosystem offerings like games, merchandise, events, and services.
There is a max supply of 1,000,000,000 APE and APE has traded for US $$39.40 at its peak.
How does ApeCoin DAO work?
The ApeCoin Ecosystem (APE) Improvement Proposal Process, as outlined in the Governance section, provides a structured framework for ApeCoin DAO members to collectively make key decisions regarding the allocation of Ecosystem Funds, the establishment of governance rules, the selection and support of projects and partnerships, and other crucial aspects of the APE ecosystem's development.
This inclusive process is designed to empower all ApeCoin holders by granting them the opportunity to participate in the governance and decision-making processes that shape the future of the ApeCoin ecosystem. Through active engagement and the submission of improvement proposals, ApeCoin DAO members can directly influence the strategic direction and initiatives that define the growth and evolution of this decentralized community-driven platform.
Why does ApeCoin stand out?
ApeCoin is the governance token for the ApeCoin DAO, which aims to facilitate Web3 applications on Ethereum. ApeCoin DAO members can propose ideas, which the DAO can vote to fund through the Ape Foundation. If successful, ApeCoin could become central to the Web3 internet. Additionally, ApeCoin is the official currency for Yuga Labs' upcoming Otherside metaverse. As Otherside and Yuga's future products grow, the demand for and uses of ApeCoin are expected to increase.
The value of ApeCoin depends on the success of ApeCoin DAO, which focuses on Web3 and decentralized applications. Web3, built on decentralized blockchains like Ethereum, is rapidly growing and attracting significant investment. ApeCoin DAO has the potential to drive innovative Web3 applications, with ApeCoin at the core of its operations.
What can you do with APE on Coinhako?
APE will be available for users to trade across all swap pairs on Coinhako.
To gain access to any of these trading pairs, you can either:
- Fund your SGD wallet on Coinhako instantly with PayNow (or any other supported payment method)
- Purchase APE instantly with Visa / Mastercard
Please note that the sending and receiving of APE will not be available for this release.
Risk Warning on Digital Payment Token Services
Hako Technology Pte Ltd ("Coinhako") is licensed to provide digital payment token services under the Payment Services Act 2019 (No. 2 of 2019).
The Monetary Authority of Singapore ("MAS") requires us to provide this risk warning to you as a customer of a digital payment token ("DPT") service provider.
Before you pay your DPT service provider any money or DPT, you should be aware of the following.