ApeCoin (APE) is an ERC-20 token serving as both a governance and utility token within the APE ecosystem, empowering a decentralized community at the forefront of web3 development.
Functioning as the open-source protocol layer of the ecosystem, ApeCoin fulfills multiple roles. ApeCoin acts as the governance token, enabling APE holders to participate in the ApeCoin DAO (Decentralized Autonomous Organization). Through this DAO, APE holders collectively make decisions regarding ecosystem fund allocations, governance rules, projects, partnerships, and more.
ApeCoin functions as a utility token, facilitating various interactions within the ecosystem. Holders can utilize APE as a shared and open currency, enabling transactions without the need for centralized intermediaries. APE grants access to exclusive features within the ecosystem, including games, merchandise, events, and services. Additionally, third-party developers can incorporate ApeCoin into their services, games, and projects, further integrating and expanding the ecosystem's reach.
The total supply of ApeCoin is fixed at 1 billion tokens, ensuring scarcity and value preservation over time.
The APE Foundation serves as the steward of ApeCoin, acting as a legal entity responsible for administering the decisions made by the ApeCoin DAO. Membership in the DAO is open to all ApeCoin holders, fostering inclusivity and decentralization in governance processes.
