What Is ApeCoin (APE)? Everything You Should Know Before Investing In $APE

You probably heard about Bored Ape Yacht Club (BAYC), one of the biggest NFTs. It attracted massive attention leading to investment, including Snoop Dog, Justin Bieber and Neymar Junior. The creators of those NFTs had an innovative idea for the owners of their collections, and BAYC investors receive free APE tokens. Let's find out the famous APE with Avaxholic. What Is ApeCoin (APE)? ApeCoin is a new coin in the metaverse, served as the governance and utility token of the BAYC - an NFT project of Yuga Labs. The Ape Token is an ERC-20 token, made cryptocurrency on the Ethereum blockchain. ApeCoin’s official token (APE) will act as the utility token for the APE ecosystem, focusing on strengthening the BAYC community. A utility token can be interpreted as a token that enables users to perform actions or initiatives on a certain network. Effectively, APE gives its participants a currency that can be used without any centralized intermediaries.  What Are ApeCoin’s Feat...
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