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Ledger Live App is a gateway to manage your assets, checking your real-time balance, everything you need to know about apecoin tracking transaction histories, and more. The token also exists to incentivize third-party developers to participate in the APE ecosystem by building applications that incorporate ApeCoin. Discover the impact of Yuga Labs’ crypto donations to Orangutan Outreach, a nonprofit focused on the rescue and rehab of apes in Borneo and Sumatra. Dive into the world of cryptocurrency and NFT philanthropy with our in-depth reports and guides. Discover what’s fueling the rise of cryptocurrency fundraising and how your nonprofit can build a successful crypto fundraising program.
Send & receive your ApeCoin with Trezor Hardware wallets
Once you buy ApeCoin on the Kriptomat https://www.xcritical.com/ platform, we seamlessly transfer it to your dedicated and secure ApeCoin wallet within our platform. Safely and conveniently transfer funds via bank deposit with Instant SEPA support. The value of shares and ETFs bought through a share dealing account can fall as well as rise, which could mean getting back less than you originally put in. While many forecasts were positive as of 11 January 2022, price predictions are often wrong and prices can, and do, go down as well as up.
- By choosing a portfolio that includes ApeCoin, you can invest in this cryptocurrency alongside other assets, benefiting from automated rebalancing and smart management.
- The crypto market is known for its volatility, and while meme-based tokens can experience rapid growth, they can also be subject to equally swift declines.
- The new automatic yield mode allows users to earn passive income by staking their APE tokens.
- Uphold is certified for SOC 2 Type 2, ISO 27001, and PCI DSS, ensuring rigorous control over our information security management systems, data handling, and payment processing practices.
- The ApeCoin Foundation is managed by a board which oversees the community and carries out DAO proposals.
Step 3: Select ApeCoin among the available assets and buy the token
Compared to other metaverse tokens, such as Sandbox, ApeCoin has a higher market capitalisation and a more solid base with prominent supporters and the NFT community of the BAYC ecosystem. However, predictions and past price trends are not indicative of future price developments. If you are considering investing in cryptocurrency tokens, we recommend that you always do your own research. Look at the latest market trends, news, technical and fundamental analysis, and expert opinion before making any investment decision. Keep in mind that past performance is no guarantee of future returns and never trade with money that you cannot afford to lose.
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Not only that, Ledger devices guarantee your private key stays offline – protecting you from even the most malicious of online threats. With your freshly gained knowledge, now it’s on you to decide if you start stacking ApeCoin. But before you get there, you’ll have to set up an account to store it. To do so, you’ll need to set up an Ethereum account on your Ledger device if you haven’t already.
Where and how to buy ApeCoin (APE)
During the past year, Bored Ape Yacht Club (BAYC) emerged as one of the best-known collections of non-fungible tokens (NFTs). Manage your ApeCoin with your Trezor hardware wallet synced with several wallet apps. Take control of your ApeCoin assets with complete confidence in the Trezor ecosystem. Its job is to administer proposals and serve the vision of the community.
ApeCoin is a decentralized project inspired by Yuga Labs’ Bored Ape Yacht Club project. ApeCoin was founded to be used within the burgeoning APE Ecosystem, which is supported by the APE Foundation. The ApeCoin DAO aims to build and maintain the APE Ecosystem in a fair and inclusive way, providing an infrastructure for ApeCoin holders to collaborate through open and permissionless governance processes. After the token’s launch on Jul 31, 2020, on the Ethereum platform, over 662 wallets have acquired APE, with a recorded total of 6,483 successful token transactions to date. Showing market cap and how it’s compared to different cryptocurrencies.
However, due to decreasing inflation numbers and the predicted improvement in the economic and geopolitical situation, the APE cryptocurrency’s price was able to stabilise. In February 2023, ApeCoin temporarily broke the $6 threshold per token. Still, past price trends are no indicator of future performance. To protect our customers and their funds, we offer secure offline storage and conduct regular security audits.
It is intended, according to APE Foundation statements, to allow token holders to participate in a decentralized autonomous organization (DAO) charged with decision-making for the token and the Yuga ecosystem. It will also serve as an internal currency for buying and selling Yuga NFTs, and token holders may be eligible for exclusive benefits, including games, merchandise, events, and services. Cryptocurrencies, like ApeCoin, are decentralized digital assets that typically act as a proxy for the success of a particular crypto project.
It’s important for potential investors to conduct thorough research and consider the inherent risks of cryptocurrency investments. The trajectory of APEcoin, marked by its strategic distribution, ecosystem development, and roadmap, suggests a commitment to growth and community engagement. However, the dynamic nature of the cryptocurrency market requires a cautious approach to investment decisions. Moreover, the token’s availability on major cryptocurrency exchanges enhances its accessibility to a broader audience, facilitating its acquisition and use within the ecosystem. Its distribution methods, including airdrops, contests, and bounties, further expand its reach and engagement with the community.
The ApeCoin DAO is voting Board members annually, with its current board consisting of five people. Three of them were selected in an eight-week election voting by the ApeCoin DAO members. Every wallet address holding ApeCoin can vote on live proposals by signing the vote on Snapshot (In Favor / Against).
A portion of tokens was withheld at launch to release over a period of 48 months. Meaning, the maximum supply of $APE is likely to be hit by the year 2026. For example, Play-to-earn (P2E) games might adopt ApeCoin in the future. One example of a project already using it is Benji Bananas, a game developed by Animoca Brands.
Firstly, like many cryptocurrencies, its main purpose is a currency. To explain, ApeCoin will be the currency for the Otherside Metaverse, created by Yuga Labs. The token will allow users to buy items and power-ups in this highly anticipated metaverse.
This approach makes our platform a haven for storing ApeCoin and other cryptocurrencies. We offer immediate purchase of popular coins and tokens, including ApeCoin. First, CoinCodex had a somewhat mixed short-term apecoin price prediction for 2023, arguing that the token could fall to $3.76 by 16 January before rising to $5.45 by 11 February. The site’s technical analysis was, perhaps surprisingly, bullish, with 20 indicators sending upbeat signals against just five making bearish ones.
As with any cryptocurrency investment, potential investors should conduct thorough research and consider the risks involved. The crypto market is known for its volatility, and while meme-based tokens can experience rapid growth, they can also be subject to equally swift declines. To safeguard and keep track of your keys, you can use online or offline wallets. Online wallets, also known as hot wallets, store private keys on systems or devices that are connected to the internet. Hot wallets are easy and convenient to use, however, they come with several drawbacks. The safer choice are specialized hardware wallets that store private keys offline.
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. 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. YouHodler has low fees whether you want to buy CoinTicker with credit cards, debit cards, or bank wire deposits.
Plus it may even play a part in user-generated content and more. The total supply of ApeCoin is permanently fixed at 1 billion tokens, all minted at once. Compared to other crypto coins which started the same year as APEcoin it has above-average trading volume, average volume for the other 861 coins started in 2020 is $3M while APE has $232M. With full isolation between private keys and your computer/mobile, Ledger Nano cold wallets keep your keys secure and give you complete control over your cryptocurrencies. Ledger hardware wallet stores your private keys and signs transactions offline, making them resistant to malicious attacks and threats.
Its integration into the APE ecosystem underscores its commitment to advancing the Web3 space, particularly through the promotion of applications on the Ethereum network. The APECoin tokens were launched on a decentralized exchange platform, following a direct minting process without conducting a pre-sale. This method of distribution helps in reducing the initial centralization of token ownership, contributing to a more equitable distribution among participants. 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.