What Is ApeCoin (ape) | ApeCoin Explained Under 2 Minutes | ApeCoin Crypto🔥

What Is ApeCoin (ape) |ApeCoin Explained Under 2 Minutes | ApeCoin Crypto🔥

ApeCoin is a digital asset and cryptocurrency that was created with the intention of being used as a means of payment within the ape ecosystem. ApeCoin was launched on March 16, 2021, which is based on the Ethereum blockchain and utilizes the ERC20 token standard.There are a total of 1 billion APE coins that have been minted, with 60% of these being allocated to the Ape community.

The remaining 40% of APE coins are held by the Ape Foundation, which is responsible for managing the development and growth of the Ape ecosystem.Yuga Labs, the creator of the popular Bored Ape Yacht Club (BAYC) NFT collections, has also adopted APE as the primary token for all new products and services.

So far, the APE coin has been used to purchase various NFT collections related to the Ape ecosystem.These include ape-themed digital artworks, collectibles, and even virtual real estate.

The APE coin can also be used to purchase goods and services from merchants that have integrated the coin into their payment systems. In the future, it is expected that the APE coin will be adopted by more businesses and platforms as a means of payment. This would allow users to transact using the APE coin without having to convert it to another currency first.

The Ape Foundation has plans to use the funds raised through the sale of APE coins to finance the development of the Ape ecosystem. This includes initiatives such as building an infrastructure for ape-themed NFTs, launching marketing campaigns to promote the use of the APE coin, and developing applications that will make it easier for users to transact using the coin.

ApeCoin is available for trading on various exchanges including Binance, Coinbase, KuCoin, Huobi, Kraken, Bybit, FTX, etc. We hope you enjoyed watching the video. Subscribe to our channel for more insights and tips on crypto.

Keep watching to Learn More about ApeCoin

💡 TOPICS IN THIS VIDEO 💡 is apecoin worth buying?,what is apecoin price prediction,is apecoin the next best thing,what happened apecoin,what time apecoin,is apecoin scam,what is apecoin,should you invest into apecoin,what is apecoin crypto,what is apecoin (ape)?,how to earn some apecoin

🔎 HASHTAGS 🔎 #Apecoin #apecoinpriceprediction #ApecoinExplained

🎬Watch our most recent videos:

What is Algorand | Algorand Explained Under 2 minutes 👇 🔥https://www.youtube.com/watch?v=tCR4tYbpD1E

What is Aleph Zero | Aleph Zero Explained | Aleph Zero Crypto👇 🔥https://www.youtube.com/watch?v=P8i3HoBGd7M

What is NFT and How It Works | NFT Explained | Non Fungible Tokens 👇 🔥https://www.youtube.com/watch?v=MpFmGl1s_Kk

The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses a considerable risk of loss. The video does not guarantee any particular outcome.

Be sure to Subscribe, Like, and Comment for more content from 💎Crypto Explainer💎 So that you will never miss an update on the fast-growing Crypto world.

👉👉Reach out to us at: collabcryptoexplainer@gmail.com

⏰Timestamps⏰ 00:00 Intro 00:24 what is APE Coin 01:50 Outro ... https://www.youtube.com/watch?v=U6en51ZT6fs