Faisalabad, Pakistan
Faisalabad, Pakistan

Harmonape Harmony Crypto Community Token

They can vote on decisions regarding funding allocations, rules, new projects, and more. This puts the power in the hands of the What is ApeCoin (APE) people who believe in ApeCoin and its future. HarmonApe is the leading community crypto project on the Harmony One ecosystem.

  • Initially, ApeCoin token holders only get voting and governance rights in the ApeCoin DAO, but Yuga Labs has more use-cases in store and plans to design further products and experiences for the APE ecosystem.
  • Players will have full ownership of NFT characters and land and will be able to play-to-earn by trading in-game NFTs and other in-game resources.
  • This virtual universe allows players to buy plots of digital real estate through the purchase of “Otherdeeds” which are NFTs that act as title deeds.
  • Equally important, token owners can use their tokens to purchase new goods and services, such as the play-to-earn game that BAYC and nWay are developing.
  • Yuga Labs has also committed a portion of its budget to Jane Goodall’s humanitarian foundation, supporting primates in the wild.

The Ape Foundation is essentially the bedrock upon which ApeCoin holders and ApeCoin DAO members can continue to grow. The primary aim of the Foundation is to promote the equitable development of the APE ecosystem. The Ape Foundation serves as the legal representative of the DAO. 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. Despite its fluctuating price and market size, it’s intriguing to see how ApeCoin will be employed in web3.

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Past performance of a security, industry, sector, market, or financial product does not guarantee future results or returns. Firstrade is a discount broker that provides self-directed investors with brokerage services, and does not make recommendations or offer investment, financial, legal or tax advice. Developers can easily integrate ApeCoin into their applications, games, and services, while token holders can access exclusive games and services.

Use the BitPay Card to instantly convert APE to cash online, in-store or at compatible ATMs around the world. Buy gift cards for your favorite brands and shops from the app or extension. The ApeCoin DAO is a decentralized governance organization where the ApeCoin holders are the members.

A new utility token, ApeCoin, was released in March of 2022 and is set to act as the blueprint for what’s next. The HarmonApe Jungle Metaverse game is a DeFi MMORPG where players explore the jungle and mine & harvest resources to build their jungle realm in a PVP setting. Players will have full ownership of NFT characters and land and will be able to play-to-earn by trading in-game NFTs and other in-game resources.

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. Upon its launch in March 2022, the largest share of the supply, 62% , was distributed to the ecosystem fund, of which 150 million went to BAYC/MAYC NFT holders and 470 million went to the DAO treasury and resources. 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.

If Otherside eventually incorporates a P2E mechanic, APE could be given as rewards to players. 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. Node is operated by Voyager Digital, LLC, https://xcritical.com/ a wholly owned subsidiary of Voyager Digital Holdings, Inc and Voyager Digital Ltd. Opinions belong to contributing authors, not to Voyager Digital LLC or any of its subsidiaries or affiliates. Please consult your financial adviser or investment adviser regarding your individual financial and investment decisions.

The Otherside

We’re building a home for Happy Harmony Apes, a place for the Harmony community to assemble, new apes to onboard and for a new community owned crypto to emerge to drive the world bananas. ApeCoin is an ERC-20 token on the Ethereum blockchain that gives holders membership of the ApeCoin DAO along with governance rights. The APE coin allocation includes a 62% share for the Ecosystem Fund, which aims to support community initiatives voted on by DAO members.

What is the APE ecosystem

BAYC has been one of the most successful NFT projects to date, enjoying viral popularity including famous owners like Jimmy Fallon and Eminem. Prices fluctuate, but individual pieces in the series sell for a minimum of $130,000 as of this writing, with a ceiling well above $1 million. In other words, ApeCoin holders in the ApeCoin DAO can build upon this foundation and create new projects and assets. The goal of the foundation is to administer the decisions of the ApeCoin DAO and support its members. It’s intended to serve as a decentralized token for various community-led initiatives. Since ApeCoin is an ERC-20 token, it runs on the Ethereum network.

How Do You Get Apecoin?

The entirety of the next 14% were paid out to various launch contributors for helping bring the project to life. The final 8% tranche of ApeCoin was distributed to the quartet of founders behind Yuga Labs and BAYC. Bored Ape Yacht Club is the first NFT series in the ecosystem, consisting of 10,000 unique digital avatars featuring colorful cartoon apes. ApeCoin DAO members vote as a community on issues impacting the direction of the ecosystem’s growth, from how funds are allocated, how rules are enforced, what partnerships to pursue and which projects to undertake. As for next steps, the goal of ApeCoin is to power its entire Ape ecosystem, which already consists of NFTs and a metaverse.

Apecoin made more than 100% in the past month! Buy APE Crypto? – CryptoTicker.io – Bitcoin Price, Ethereum Price & Crypto News

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There will be a total of 5,000 Harmon Apes launched in 5 tranches, with a steadily increasing mint price to reward early adopters. $APE is our deflationary ecosystem token, launched through an entirely fair launch. It has deflationary tokenomics, works in tandem with our NFTs and will serve as the in-game currency for the Jungle Metaverse game. APE can be bought on major centralized exchanges, including Coinbase, Binance, OKX, FTX, eToro, among others. You can also swap ETH, BTC, or USDT for ApeCoin tokens on decentralized exchanges, including PancakeSwap. The price of APE coin in terms of USD saw high volatility in the first few days after launch.

The ApeCoin website promises that DAO members will vote for future board members. There are members of the ApeCoin DAO board, this group committed to improving the APE ecosystem. Furthermore, there will be a six-month term limit for the DAO board members, and fresh members will replace them every year.

For instance, ApeCoin has become an in-game currency in Benji Bananas, a mobile game developed by Animoca Brands, positively impacting the APE price. In addition, Yuga Labs, launching its metaverse ‘Otherside’, will also boost the coin’s utility. ApeCoin’s primary use is as a governance and utility token within the APE ecosystem. It allows holders to participate in DAO governance votes while also offering access to members-only features of the ecosystem like games, events and other services.

20 and 28, APE coin price grew by more than 66% from around $9 to over $15. As a result, its market capitalization increased from $3.25 billion to $4.29 billion. The APE ecosystem aims to build the future of Web 3.0 and the ApeCoin DAO as well as the APE Foundation work together to drive growth. The Board, a special council on the Foundation consisting of five members, performs an administrative role at the DAO’s behest. The greater vision of the ApeCoin community goes well beyond the art and design many have come to recognize the popular NFT brand by.

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The APE Foundation created APE to be used within the expanding APE ecosystem. APE is managed by the ApeCoin DAO and is backed by the APE Foundation. ApeCoin is the native cryptocurrency for the ecosystem and also serves as the governance token.

On the day of ApeCoin’s launch, 15% of APE token’s total supply of 1 billion was set aside for holders of Bored Ape Yacht Club , Mutant Apes Yacht Club , and other related NFTs, who could claim APE coins for free. Initially, ApeCoin token holders only get voting and governance rights in the ApeCoin DAO, but Yuga Labs has more use-cases in store and plans to design further products and experiences for the APE ecosystem. Apecoin is a decentralized autonomous organization that enables APE holders to participate in administrative decisions. After the DAO members vote on the proposals, they also implement the community-based administrative decisions.

We continue to partner with a range of DEXs on Harmony but rewards are never paid in $APE, ensuring that HarmonApe stays a deflationary token whilst rewarding holders who stake LP. Any specific securities, or types of securities, used as examples are for demonstration purposes only. None of the information provided should be considered a recommendation or solicitation to invest in, or liquidate, a particular security or type of security. Needs to review the security of your connection before proceeding. Compared to the all-time high of $27.50, ApeCoin has fallen 66.72%.

These are the businesses and individuals who contributed to the success of this project. Therefore, each Ape has its appearance, personality, and rarity. The first NFT collection of the APE ecosystem, Bored Ape Yacht Club , was released in Apr. 2021.

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