ApeCoin will become the “primary token” for all new products and services from Bored Ape Yacht Club creator Yuga Labs. Apecoin DAO board member Yat Siu says it's set to become the “Dogecoin of NFTs.”
The developer of the new token is the ApeCoin DAO and is notably separate from Yuga Labs.
Introducing ApeCoin , a token for culture, gaming, and commerce used to empower a decentralized community building at the forefront of web3.Owners of BAYC NFTs will be able to claim approximately 10,000 ApeCoin each, but the 1 billion soon-to-be-released ApeCoin tokens will also be distributed amongst a series of different parties., 62% of the total supply will be added to an ecosystem fund,14% will be given to “launch contributors,” 9.
ApeCoin will also be used in the upcoming play-to-earn game Benji Bananas, a game from Hong Kong-based blockchain gaming company
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