Apecoin is an ERC-20 token built on the Ethereum blockchain and issued by Yuga Labs, the company that manages the famous Bored Ape Yacht Club (BAYC) NFT collection.
One of the advantages of Apecoin is that it is an ERC-20 token, which means it is compatible with a wide range of cryptocurrency services and applications. This allows Apecoin to be used for payments on a variety of platforms, including OpenSea, LooksRare and Yuga Labs' own platform, Otherside. The strong community of Apecoin holders and users plays a crucial role in supporting the development and growth of Apecoin, and they also provide valuable information and support to new users.
Within the Apecoin ecosystem, there are promising applications for Apecoin. First, Apecoin holders have the ability to vote on the future of the Apecoin ecosystem, highlighting the governance aspect. In addition, Apecoin can be used to access various products and services within the Apecoin ecosystem, such as games, events and merchandise, making it a convenient utility token. In addition, Apecoin offers the ability to be staked, allowing users to earn rewards for their involvement in the network. This versatile set of applications makes Apecoin a promising player in the world of cryptocurrency and blockchain technology.
On March 16, 2022, Apecoin was announced as a partnership between Yuga Labs, the company behind BAYC, and Animoca Brands, a Hong Kong company specializing in blockchain gaming and entertainment. Apecoin was originally created as a utility token within the Apecoin ecosystem, which is closely intertwined with the popular Bored Ape Yacht Club (BAYC) NFT collection.
Within the Apecoin ecosystem, Apecoin acts as a means of payment for various goods and services, including games, events and merchandise. On March 17, 2022, Bored Ape Yacht Club NFT holders received free Apecoin in an airdrop.
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The Vault is a safe alternative to the traditional crypto wallet for those who want to buy, sell and swap their coins on Anycoin Direct. Within the Vault you can store all your digital assets and swap them against one another. Still want to send crypto to an external wallet like your Ledger? No problem, the Vault is an additional feature. The choice is yours.
Balances in the Anycoin Vault, are kept in a foundation. This foundation has only one purpose, to preserve our customer funds. This construction ensures that customers are entitled to compensation in the unlikely event of Anycoin Direct's bankruptcy. In addition, we want to reiterate that we always want to give customers a choice between using the Anycoin Vault and sending coins to an external wallet.