ApeCoin (APE) is an ERC-20 token built on the Ethereum network by the APE Foundation. It is the governance token used to participate in ApeCoin DAO and influences APE Ecosystem which is designed to be a Web 3.0 for the Bored Ape community.
What made ApeCoin so special was that during its launch, the token was airdropped to the holders of Bored Ape Yacht Club, which is one of the most valuable NFT collections in the world.
Apart from being the governance token, ApeCoin can also be used as a medium of exchange within the Bored Ape community, it also gives other benefits which include giving its holder chances to join new NFT games and other merchandise that cannot be accessed by normal means. Yuga Labs, the original creator of Bored Ape, will include ApeCoin in future projects as well.
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