Explore the unique features of ApeCoin, a cryptocurrency with a market capitalization of 426 875 770,18, a 24-hour trading volume of 49 907 188,87, and a circulating supply of 752 651 515. Ranked #114 on CoinMarketCap, this crypto has seen price changes of 0.50% over 1 hour, -1.67% over 24 hours, and -16.03% over 7 days.
ApeCoin is an ERC-20 governance and utility token used within the APE ecosystem to empower a decentralized community building at the forefront of web3. As the open-source protocol layer of the ecosystem, ApeCoin serves several purposes: Governance - ApeCoin is the ecosystem’s governance token, allowing ApeCoin holders to participate in ApeCoin DAO. Unification of Spend - ApeCoin is the ecosystem’s utility token, giving all its participants a shared and open currency that can be used without centralized intermediaries. Access - ApeCoin provides access to certain parts of the ecosystem that are otherwise unavailable, such as exclusive games, merch, events, and services. Incentivization - ApeCoin is a tool for third-party developers to participate in the ecosystem by incorporating APE into services, games, and other projects.
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