• ApeCoin (APE) is a governance and utility token by Apecoin DAO, a decentralized autonomous organization.
• SaltWater Brewery and E111EVEN Residencies declared accepting APE.
• Also, games developed by nWay, Tomorrow World, Benji Bananas, and Animoca Brands will use the crypto.
• The token trades around $14 at the moment, with 116M from the allocated 150M APE claimed.

ApeCoin is among the most discussed subject in the cryptocurrency community within the past few days. APE is a governance and ERC-20 utility coin created by BAYC (Bored Ape Yacht Club). Moreover, the developer introduced ApeCoin after Apecoin DAO, a decentralized autonomous organization. ApeCoin DAO, and not BAYC creators Yuga Labs, generated APE. The token joined the top 50 cryptos in the coinmarketcap list within 24hrs of launch.

Latest Developments

Enthusiasts can use the ApeCoin in the APE Network. Developers introduced the token to incentivize the community and enhance decentralization ahead of web3. Apecoin DAO started airdropping APE to Mutant Ape and Bored Ape NFT holders on 16 March. So far, 83.7% (12,701 of 15,172) eligible addressed have claimed their tokens.

In token figures, 116.18M APE out of 150M APE coins set for airdrops s already claimed. Though Mutant Ape and Bored Ape NFT holders had an early chance of owning APE through airdrops, the crypto would be available for everyone to purchase from leading exchanges.

Future Events

Apecoin DAO revealed APE tokens would be different from usual airdrop coins that lose value after launch. It declared plans for holders to use ApeCoin in exclusive services and games inside the APE Ecosystem.

Miami’s E11EVEN Residencies has declared accepting APE payments. Also, Florida-based SaltWater brewery reveals plans to allow customers to buy beer with APE tokens.

APE Network projects seem ready to adopt ApeCoin. For instance, Tomorrow World announced the intention to use ApeCoin in its digital social platform. That comes after cryptocurrency game maker Animoca brands stated it would integrate ApeCoin (APE) as a ‘secrete project.’

Price Updates

ApeCoin anticipation was high as individuals stormed to trade the token after its list on exchanges. That saw APE price moving from $1 to $20 before plummeting to $6 in some hours. The substantial decline in ApeCoin price saw BAYC NFTs recording declines in floor price. BAYC NFT floor price declined to 85.4 ETH from 107 ETH before climbing towards 93 ETH.

APE traded around $14 at this publication, following a 48% 24hr surge, ranking 33 in the Coinmarketcap crypto-list.