I also highly agree that even without using ANY L2 and to avoid looking like I am pushing some goofy project I have a massive bag in, there could have been solutions to avoid the gas war. We could have tiered these out and timed out minting, and many other solutions, but I’m glad we faced the issue so we can directly address the fact that most of our projects are only enterable for whales. Wes Chase Crypto is essentially an influencer that’s also a YouTuber who shares consistent information in regards to cryptocurrencies. ApeCoin is a cryptocurrency that is constantly talked about on the Twitter page, so if you are curious to learn more about it, this is yet another solid option that you can follow.
- Swap was a choice and with the last second switch probably the safest solution for minting this round.
- ApeCoin ($APE) is a token that exists as an ERC-20 token on the Ethereum blockchain.
- Access – ApeCoin provides access to certain parts of the ecosystem that are otherwise unavailable, such as exclusive games, merch, events, and services.
- Also, Yuga Labs is a member of the ApeCoin DAO. BAYC and MAYC NFT holders received a combined 15% of the total ApeCoin supply.
- There has never been a better time to learn a new skill in an emerging tech field.
According to Dune Analytics, in the first two weeks after the launch, more than 90% of all eligible addresses had claimed the ApeCoin airdrop. The ApeCoin ecosystem is made up of individual token holders, as well as a wide range of products and services that are using the cryptocurrency. Chief among what is apecoin its ecosystem members is Yuga Labs itself, which has adopted APE as the primary token for its projects. A decentralized autonomous organization is the best way to give every member of the community a vote on important decisions whether it’s a technical upgrade or a decision to fund a new idea.
APE price and price prediction
It is difficult to determine what could be the price of the coin in the future. It is best to wait for a while before investing, but if you have the stomach for risks, you can start buying ApeCoin straightaway. It is hard to tell whether ApeCoin is a good investment for the future. However, considering the potential of the network and the ambition of the team behind it, it is easy to conclude that it will become bigger and better in the future. In any case, it is too early to label it a good investment for the future. We expect a modest growth that will see the minimum price of the APE rise to about $23.50.
ApeCoin DAO – A decentralized governance organization that will make decisions regarding Ecosystem Fund allocations, governance rules, projects, partnerships, and more. In line with the standard practice, a portion of the tokens for contributors to the project will be initially locked. Locked tokens will be unlocked over a period of 48 months, in accordance with the predetermined unlock schedule in the chart below, starting on launch day, March 17, 2022.
The usage of zkrollups is far underutilized for the security and cost issues it solves. Moving away from ethereum is really the worst decision they can make, and I’ll need to think hard if I want to stick arround if that happens. Discussion is still in its infancy and perhaps this was the best route for our minting. I for one would just like to hear the possibility of L2s being explored, as we could stay on the ETH chain after a transfer, with less fees.
What Is ApeCoin (APE) ?
The final 8% tranche of ApeCoin was distributed to the quartet of founders behind Yuga Labs and BAYC. It’s also used by a number of developers outside of the APE ecosystem, such as play-to-earn game Benji Bananas by Animoca Brands, which uses ApeCoin to incentivize and reward players. Of course, with BitPay’s recent support for the token, you can also buy ApeCoin , store, swap and spend in the BitPay app. All BitPay merchants have the option to accept ApeCoin as payment, opening up thousands of new ways to use and spend the token. You can send ApeCoin payments from any compatible wallet, including the BitPay Wallet.
Investors can find the most prominent secondary market for BAYC NFTs in the OpenSea NFT marketplace. NFTs are becoming commonplace in art, entertainment, crypto gaming, and music. Artists and creators can use NFTs to provide exclusive rare content for their audiences.
Yuga Labs stated in a tweet that they believed ApeCoin needed to move to its own chain in order to scale. We the ApeCoin DAO believe that, at least for the time being, ApeCoin should remain within the Ethereum ecosystem, and not migrate elsewhere to an L1 chain or sidechain not secured by Ethereum. Cryptowillerupt is another influencer that https://xcritical.com/ constantly talks about ApeCoin , where you can find relevant data surrounding the token. If you want to be updated about the developments of the project or just want to get in on the discussion as a whole, this is a worthwhile influencer to follow. There is a high level of competition within the crypto space for this cryptocurrency.
Before Jun. 15, 2022, both BAYC and MAYC have a 90-day claim period. Founded in 2018, MEXC Global is known as the exchange of high-performance and mega transaction matching technology. The team at MEXC Global is some of the first movers and pioneers of financial and blockchain technology. Built on Ethereum’s ERC-20 token standard, this currency is traded on some of the biggest exchanges like Binance, KuCoin, Kraken, FTX and the list continues. Ape ecosystem consists of Apecoin holders and product & services utilising Ape.
ApeCoin has a fixed total supply of 1 billion APE tokens, which cannot be minted or burned. This means the number of ApeCoins in circulation will never go up or down. The APE Foundation announced on March 16, 2022, the launch of ApeCoin token.
BAYC being already #1 NFT project, there was a lot of hype behind the airdrop. However recent hype in the Apecoin was in expectation of selling plots on an upcoming Metaverse platform, Otherside by Bored Ape Yacht Club . The token originated from the Bored Ape Yacht Club , an NFT series from Web3 company Yuga Labs.
This news came after the sportswear company confirmed that they had acquired a Bored Ape NFT. Enjoying viral success and arguably one of the most successful NFT collections to date, the 10,000 unique BAYC cartoon drawings earned cult status when their prices soared and big celebrities started buying them. To date, the most expensive BAYC NFT sold for a staggering $3.4 million.
Web3 Jobs: How to Get a Job in Crypto Sector
Also, NFTs are revolutionizing healthcare, real estate, and supply chain management. In fact, we do not expect the coin to reach that level within a decade. Though we do not completely rule out the possibility of that happening, we believe it may take several decades for it to happen. To summarize, this article has presented our ApeCoin price prediction for the years ahead, taking into account the importance of the fundamental and macro events that may affect or shape price movements.
A total allocation of 140 million APE tokens will reimburse the contributors who helped launch the ApeCoin project. This includes 80 million APE tokens with an initial lock-up period of twelve months. One of the main trends of today’s Internet is the merger of Web3 technology with entertainment, art, and gaming. ApeCoin takes advantage of all these at once, which may be the reason for its success. The token has utility and governance functions without the Ape Ecosystem — it will fuel P2E games and products launched by the ApeCoin DAO. The Board is accountable for monitoring the decisions made by DAO members.
By following these influencers, you will be on your path towards staying as up-to-date as possible on the project and can make well-educated investment decisions regarding it. Hopefully, now you have a heightened perspective as well as a higher level of understanding in regards to what ApeCoin is and how it works. Remember that you can easily connect to an Ethereum node, on top of which ApeCoin is built by using NOWNodes to get any relevant blockchain data. There is currently a lack of real-world utility surrounding the token. ApeCoin features a high level of support in terms of volume on exchanges. Additional use-cases for the token include governance, unification of spend, access as well as incentivization.
If you’d like to become an ApeCoin holder or incorporate APE into your investment portfolio you can do so easily with the Tap mobile app. Through your account, you can gain access to the APE market using a range of supported crypto and fiat currencies. Within the Ape Foundation is an administrative council known as the „Board” which is responsible for implementing the decisions made by the ApeCoin DAO members. This Board is voted in by the ApeCoin DAO members on an annual basis and is not controlled by Yuga Labs. It was initially distributed via airdrop to the constituencies described above.
Will ApeCoin (APE) reach $1000?
I believe @mg just addressed the main issue with that from ApeCoin being contracted to mint on the ETH chain, BUT I believe there is already a workaround for that if I understand correctly. Reaching out to the teams now at Starkware and Loopring to see if there is an answer to our main concerns of liquidity cross chain and minting solutions. Starkware also believes they could have helped, and it’s not a project to scoff at, I don’t believe they would make idle claims if they were truly unable to step in. Again, perhaps I am wrong on that, but I believe there are workarounds. They are a fully EVM compatible zk rollup that will be launching soon. It could be really cool to have BAYC be the flagship project on ZkSync for its launch.
What is LCX Token?
As they progressed through the serum levels, BAYC bearers might create a wide range of mutant apes. It is planned to grow even more decentralized over time and supports community-led governance. The Foundation handles day-to-day administration, bookkeeping, and project management, among other things. Also, visit the hot projects section to find more hot tokes that were listed already. If you would like to know more about crypto trading itself visit MEXC Academy. Incentivization – ApeCoin is a tool for third-party developers to participate in the ecosystem by incorporating APE into services, games, and other projects.
How to claim ApeCoin
This token is a cheap one which makes it easy for people to get into its ecosystem. We are going to go over the top 10 ApeCoin influencers that you can follow in order to get the best information out there when it comes to using this specific cryptocurrency. Even though the numbers suggest that all APE tokens were reserved, there are already enough coins in free circulation, and anyone can buy APE and join the ApeCoin DAO.
Again perhaps I am confused on the process of going from L2 back to the L1 chain , but it seems to be literal pennies, and incredibly secure. I will clarify, I do not believe these methods are unsecure, but if we’re using KYC anyways, I don’t believe keeping our wallets private was a priority in the first place, so perhaps private is a better term. Ethereum and its respective L2’s remain the largest collected ecosystem of NFT projects, builders, liquidity, and users.