ApeCoin price
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About ApeCoin
Disclosures
ApeCoin risk
This material is for informational purposes only and is not exhaustive of all risks associated with trading ApeCoin. All crypto assets are risky, there are general risks in investing in ApeCoin. These include volatility risk, liquidity risk, demand risk, forking risk, cryptography risk, regulatory risk, concentration risk & cyber security risk. This is not intended to provide (i) investment advice or an investment recommendation; (ii) an offer or solicitation to buy, sell, or hold crypto assets; or (iii) financial, accounting, legal or tax advice. Profits may be subject to capital gains tax. You should carefully consider whether trading or holding crypto assets is suitable for you in light of your financial situation. Please review the Risk Summary for additional information.
Investment Risk
The performance of most crypto assets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in crypto assets.
Lack of Protections
Crypto assets are largely unregulated and neither the Financial Services Compensation Scheme (FSCS) nor the Financial Ombudsman Service (FOS) will protect you in the event something goes wrong with your crypto asset investments.
Liquidity Risk
There is no guarantee that investments in crypto assets can be easily sold at any given time.
Complexity
Investments in crypto assets can be complex, making it difficult to understand the risks associated with the investment. You should do your own research before investing. If something sounds too good to be true, it probably is.
Concentration Risk
Don't put all your eggs in one basket. Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on anyone to do well. A good rule of thumb is not to invest more than 10% of your money in high-risk investments.
Five questions to ask yourself
- Am I comfortable with the level of risk? Can I afford to lose my money?
- Do I understand the investment and could I get my money out easily?
- Are my investments regulated?
- Am I protected if the investment provider or my adviser goes out of business?
- Should I get financial advice?
Meme coins
Meme Coins are crypto assets whose value is driven by community sentiment and online trends. Risks linked to Meme coins include:
Market Risk
Cryptocurrency markets are known for their extreme price volatility, with values often experiencing rapid and unpredictable fluctuations.
Market Sentiment Risk
Cryptocurrency prices can be heavily influenced by market sentiment, news, and social media. FUD (fear, uncertainty, doubt) and FOMO (fear of missing out) can drive irrational price movements and create reputational risk.
Market Manipulation Risk
Due to the technological complexity, low volumes and the decentralised nature of cryptocurrencies, there is a risk of market manipulation by some market participants who can influence prices.
Enterprise Risk
There may be a lack of transparency in the construct of certain tokens or no audits performed on any part of the enterprise. Collateral pools, assets or proof of reserves may be opaque or unverifiable. Audit statements could be unreliable if from an untrusted source.
Model of Operation Risk
Cryptocurrencies may use intricate networks or business models that are not fully comprehensible to token holders, resulting in misinformed decisions.
Transparency Risk
Decentralized crypto projects can have founders / foundation / developers who may exert undue influence on the project outcome. These founders / foundation / developers may be anonymous which can lead to an increase in enterprise risk. Disagreements within the Founders / Foundation / Community can lead to events such as forks or dilution which could lead to diminishing the value of previously established assets. Network validators may prioritize their own interests, which may not always align with the overall health or decentralization of the network.
ApeCoin’s price performance
ApeCoin on socials
Guides
ApeCoin FAQ
ApeCoin, a novel cryptocurrency introduced on the Ethereum network, functions as the native token within the APE ecosystem. This ecosystem incorporates the ApeCoin DAO and all APE services and products. The APE Foundation oversees the management of the token and the decision-making process within the ApeCoin DAO, where ApeCoin holders exclusively participate as voters, facilitated by the Foundation.
Apecoin has a capped total supply of 1 billion tokens. ApeCoin will not be burned, so its supply will never go down. The tokens are distributed among various groups within the ecosystem with varying lock-in periods to prevent their prices from falling drastically.
Easily buy APE tokens on the OKX cryptocurrency platform. Available trading pairs in the OKX spot trading terminal include APE/USDT and APE/USDC.
Swap your existing cryptocurrencies, including XRP (XRP), Cardano (ADA), Solana (SOL), and Chainlink (LINK), for APE with zero fees and no price slippage by using OKX Convert.
Dive deeper into ApeCoin
ApeCoin is an ERC-20, Ethereum-based token meme token. As a utility and governance token of the APE ecosystem and the popular non-fungible token (NFT), Bored Apes Yacht Club (BAYC), ApeCoin has numerous use cases. For example, ApeCoin holders can vote in the decentralized autonomous organization (DAO) and access exclusive merchandise, services, games, and events.
ApeCoin also incentivizes developers and participants on the network to incorporate it into their games and applications. It can also be used as a cryptocurrency, which serves as a means to transact within the ecosystem. The ApeCoin protocol is the code that runs ApeCoin.
The APE ecosystem comprises three important governance structures: Ape Foundation, ApeCoin DAO, and the ApeCoin DAO board. All three are essential in securing the network and making it open and permissionless. This makes it easier for users to collaborate and develop projects and applications on the open-source network.
ApeCoin price and tokenomics
The total supply of APE tokens is capped at 1 billion. Sixty-two percent of the tokens will be distributed towards the ApeCoin DAO community, with 15% allocated towards BAYC and MAYC NFT holders.
Sixteen percent will be channeled to Yuga Labs, with a portion allocated to primatologist Jane Goodall's charity foundation supporting real-life apes. Fourteen percent will go towards contributors who helped to launch the ApeCoin protocol. The remaining 8 percent will be set aside for the founders of Yuga Labs and BAYC.
Out of those mentioned above, 1 billion tokens, 26 percent, were unlocked immediately, while the others were to be unlocked gradually over 48 months. Additionally, the network has locked the tokens allotted to the launch contributors and the founders for 12 months. Lastly, the network has decided on a no-burn mechanism, securing a fixed supply of 1 billion tokens.
About the founders
Apecoin is a decentralized project based on Yuga Labs' BAYC. Yuga Labs was founded in 2021 by Greg Solano and Wylie Aronow and is behind one of the most prized and popular NFT collections, BAYC, which recently surpassed CryptoPunks.
Yuga Labs also launched Bored Ape Kennel Club (BAKC) and Mutant Ape Yacht Club (MAYC), which began selling for millions of dollars in the secondary markets. The most recent highlight of the company is its acquisition of CryptoPunks and Meebits, two incredibly successful NFT collections in the community.
Yuga Labs also recently announced the launch of Otherside, its new metaverse project that is being built in collaboration with Improbable and Animoca Brands.
Disclaimer
OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.