Traditionally, we’ll start with an explanation. Bored Ape Yacht Club is the most popular and expensive collection of NFT tokens. Today, the minimum value of its representative is 99.99 ETH, which is the equivalent of $290,000. It’s important to note that each component of the token line originally sold for 0.08 ETH. This means that early buyers who managed to keep NFT for many months made a very serious profit.

The most expensive NFT tokens

Since Bored Ape Yacht Club is hugely popular, the release of the token for this NFT collection was also a high-profile event. With that in mind, popular cryptocurrency exchanges immediately added ApeCoin to their platforms. Here is a list of the top ten trading platforms in terms of trading volumes in various pairs with APE. These include Binance, Coinbase, Huobi and other giants.

Cryptocurrency exchanges where ApeCoin is traded

In other words, the coin has all the chances and conditions for mass popularity. It’s a good time to get to know it better.

Why is ApeCoin cryptocurrency (APE) needed?

Unlike the aforementioned NFT series, ApeCoin is an interchangeable token – just like ETH, BTC, SOL and many others. According to Decrypt’s sources, NFT holders were the first to make instant profits from token distribution, but other cryptocurrency enthusiasts have their own reasons for acquiring ApeCoin as well. Its creators have already promised exclusive rewards for APE holders.

Let’s take a look at the project itself in a little more detail. ApeCoin is an Ethereum-based token designed to manage a community and provide value to its holders. The maximum number of tokens is 1 billion APE. According to CoinMarketCap, about 28 per cent of the total supply is currently in circulation. Many of the total tokens will be phased out over the next few years, thereby making the remaining coins more valuable if demand continues.

Announcement of ApeCoin listing on Binance

Read also: Mark Zuckerberg has hinted at the arrival of NFT tokens on Instagram. Why it matters.

While ApeCoin is supposedly the official BAYC token and acts as a reward for NFT holders, the project itself was not created by Yuga Labs, the team behind the original collection. Instead, the project is officially the creation of a new decentralised autonomous organisation, ApeCoin DAO, created to manage the token and its development plan.

ApeCoin DAO has recruited several well-known cryptocurrency enthusiasts to its initial board, including Reddit co-founder Alexis Ohanian and FTX cryptocurrency exchange representative Amy Wu. They will serve on the decentralised organisation for six months, after which APE holders will vote for new DAO members each year. Actually, the ability to influence the development of the project is one of the key features of the token.

Who got ApeCoin?

The tokens went to the holders of BAYC and MAYC NFT-collections. Owners of copies of the first collection got 10 094 APE or about 80 thousand dollars, owners of the second collection got 2042 APE or about 16.4 thousand dollars.

ApeCoin exchange rate after listing on exchanges

A total of 15 percent of the tokens will be allocated to NFT holders, with another 47 percent going to DAO funding. 15 percent of APE will go to Yuga Labs Studio, another 8 percent to the four founders of Yuga Labs and 14 percent to other participants in the ApeCoin launch. In addition, 1 per cent of the total will go to the Jane Goodall Legacy Foundation to help common monkeys.

Why buy APE?

ApeCoin is to become a payment unit and management token for Web 3 applications even outside of projects from Yuga Labs. And because the project is managed by DAO, token holders will be able to vote on community proposals for its development. For example, there are already governance proposals for items such as sharing the ecosystem’s finances.

Cryptogame developers from Animoca Brands have also announced plans to integrate APE into their “secret project” they are developing with BAYC. Development studio nWay, meanwhile, has announced that it will use APE in an upcoming game based on Bored Ape Yacht Club.


We believe that so far APE has gained popularity due to the worldwide popularity of the NFT tokens from the Bored Ape Yacht Club series. The rest will depend on the project developers and participants of the decentralized autonomous organization, which will manage the funds and determine the vectors of ApeCoin development. Judging by current data, there are more than enough applications for APE. So now it's all down to the implementation of those ideas.