The ApeCoin Ecosystem: Your Guide to the APE Token
It’s been several years since the ApeCoin (APE) ecosystem launched. Now that the hype has died down, it’s time to finally consider what this project actually is: an ERC-20 token used within the APE ecosystem.
ApeCoin is the ecosystem’s governance token, allowing ApeCoin holders to participate in ApeCoin DAO. ApeCoin will also be used to access games, merchandise, events, and services within the APE ecosystem itself.
What is an APE coin?
APE is an Ethereum-based utility token and will be used as a governance tool, access method, and payment mechanism within both centralized and decentralized ecosystems. Its first use case will be The Great Ape Project DAO.
Users who want to participate in The Great Ape Project DAO will purchase APE from exchanges such as EtherDelta and other services that support the trading of Ethereum-based tokens.
Tokens that are used for governance will burn over time. This means that as long as users are utilizing The Great Ape Project DAO for self-governance, APE tokens in circulation should decrease over time.
How Do I Participate?
Once your ERC-20 compatible wallet (such as MEW) is funded with Bitcoin or Ethereum, you can buy and sell APE on one of several exchanges that currently list it. So how to buy ape coin?
In order to make purchases in-app or at APE coin events, you’ll have to hold an amount of APE that’s greater than or equal to the purchase amount in your account at any given time.
If your balance is below a threshold, you won’t be able to access services unless you top up. This system limits use based on community needs while keeping currency inside of its economic loop.
Why Should I Participate?
There are many benefits to holding and participating in an ecosystem as a token holder. For starters, you will have a voice in any decision-making that may happen in regard to that ecosystem.
Also, through your actions (such as upvoting content), you will be able to earn rewards for participating. Since each member of an ecosystem has different interests and motivations, we want to make sure everyone is able to choose how they interact with our ecosystem.
Participation means that you can earn tokens by reviewing movies or games on APE Review, watching videos from APE Video Hub, and interacting with other members on APE Social Network.
What Will My Participation Earn Me?
By engaging with other members of our thriving community, you’ll be able to expand your knowledge of cryptocurrencies and blockchain technology. You can also potentially meet new friends or partners for future projects. In addition, you’ll have a say in our platform’s development.
With voting rights and other voting powers attached to your token balance, you will be able to shape how we operate directly. It’s time for us all to work together towards growth and prosperity.
Remember, we’re building an ecosystem that works for everyone, not just another cryptocurrency project. And as an early adopter, you’ll get a chance to experience it first-hand as it develops into something greater than any one individual could create alone. The future is bright. Let’s get started.
What Are The Community Benefits Of My Participation?
To start, as you hold APE in your wallet, you are earning interest on a daily basis. You will also receive voting rights for proposals submitted within our DAO. Since ApeCoins are scarce in supply, holding them long-term will create long-term value for our community.
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