APE

CointestMod

#Apecoin Pro-Arguments Below is a Apecoin pro-argument written by noxtrifle. > ApeCoin is an ERC-20 token made by Yuga Labs, the company behind the sporadically successful Bored Ape Yacht Club NFT collection. It was created as a means to "empower and incentivize a decentralized community building at the forefront of web3" [\[CoinMarketCap\]](https://coinmarketcap.com/currencies/apecoin-ape/). Though the NFT market is gradually declining in popularity, ApeCoin might just have a chance of survival. This is why: > > * **470,000,000 tokens, or $2,096,200,000 to be dedicated to the community** > * According to [their website](https://apecoin.com/about), over $2B (at current prices) will be released gradually through vesting periods to the treasury, which has the ultimate goal of funding community projects. > * Hence, the money will likely go towards innovating in the APE ecosystem, improving the blockchain, and funding the upcomingstaking system. > * **DAO Status** > * Also being a DAO currently worth over $1B, ApeCoin holds incredible power over the crypto sphere and has the capability to purchase & fund promising projects at will, making for a better experience for everyone. > * **Upcoming Staking System** > * With a staking system having been voted in with [AIP-21](https://messari.io/governor/proposal/33db0781-fcd1-4bdd-93f4-208fcc52246a) and AIP-22, it has been stipulated that [17.5% of the total supply](https://coinquora.com/apecoin-price-may-explode-with-aip-21-22-staking-update/) will be used (over three years) to fund the staking of ApeCoin. > * As such, it is highly likely that APE will increase in value as investors get drawn in by the upcoming staking system. > * **Celebrity Ownership** > * ApeCoin was airdropped to all BAYC holders, including several celebrities like Mark Cuban, Stephen Curry, Neymar, Serena Williams, Justin Bieber, and [many more.](https://boardroom.tv/bored-ape-nft-celebrity-owners/) > * Given that all these people are invested in APE, it is likely that ApeCoin will only rise in popularity. Just look at Dogecoin, and it was not backed by nearly as many people. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Apecoin) to find submissions for other topics.

TheDtheBe

It is not hate. It is fear. The shorts are getting desperate. 75k will absolutely wreck a whole shit ton of them. We got a squeeze on. And we have almost zero downside to going in heavy and holding tight. To do our part. The escalating demand curve is our protective shield. Germany exchange traded instrument is approved. A couple dozen ETFs coming to China. SE Asian super app GRAB just validated BTC as a form of payment. And very soon U.S. pension funds and Municipalities will be fiduciary required to allocate. Let's go APE shit on these maggot hedge funds. Foot on throat!!!

Successful-Dig-7313

🦍 APE coin 🦍

analogOnly

people always APE in during bullruns.

Hour-Signal8338

ADA and APE, I got in APE right when it came out at like $12 and now it’s like $1 😂 luckily a small amount of capital tho. Then ADA because it was one of the first coins I purchased back in 2021 and haven’t added any since.

keynote71

This guy shitcoins. Use dexscreener for charts/new launches, jup/raydium to swap, phantom wallet for $$ If you want to go true degen OP, can get BonkBot, its a GUI terminal trader for these shitcoins, as sometimes dexs can have latency APE at your own risk, SOL shitcoins are vv risky :)

PositiveUse

APE has nothing to do with WSB. It’s the coin of this BoredApes NFT, isn’t it?

Ghant_

>Arbitrum (ARB) will unlock 1.11 billion tokens on March 16 at 9 pm, valued at approximately $2.32 billion, accounting for 76.62% of the circulating supply. >Aptos (APT) will unlock 24.84 million tokens on March 13 at 6 am, valued at approximately $329 million, accounting for 6.73% of the circulating supply. >ApeCoin (APE) will unlock 15.6 million tokens on March 17 at 8 am, valued at approximately $35.57 million, accounting for 2.55% of the circulating supply. >CyberConnect (CYBER) will unlock 886,000 tokens on March 15 at 6 pm, valued at approximately $10.51 million, accounting for 5.98% of the circulating supply. >Flow (FLOW) will unlock 2.6 million tokens on March 16 at 8 am, valued at approximately $3.62 million, accounting for 0.17% of the circulating supply. >Moonbeam (GLMR) will unlock 3.04 million tokens on March 16 at 8 am, valued at approximately $1.49 million, accounting for 0.36% of the circulating supply. >Euler (EUL) will unlock 86,900 tokens on March 14 at 7:34 pm, valued at approximately $591,000, accounting for 0.47% of the circulating supply.

mustachechap

Is this a good time to buy APE?

mustachechap

I think you have the right idea. I’m not sure if it’ll happen in the next month, but I can see many memecoins doing well. I’d consider dogelonmars, but it’s not on Coinbase and I’m too lazy to sign up for another exchange. I might start loading up on APE though.

PennywiseMeetGeorgie

Bought & hold: 1Inch (1Inch) Apecoin (APE) Cardano (ADA) Cronos (CRO) Dogecoin (DOGE) Ethereum (ETH) Hedera (HBAR) Polygon (Matic) XRP (XRP) What's the overall consensus with these holdings? Some are not great such as APE but we move on! Looking at buying more over time but so far?

h1way

what are your feelings towards this cycle's memecoins? apart from OG DOGE And SHIB sentiment-wise BONK and WIF seem to stand out. but i guess PEPE is well alive as well. APE seems to have run its course. what are your impressions?

AdamFitri2005

Good news for you, there's a coin called APE

BMB281

OP: “Be sensible, it’s risky to fomo in the middle of a price surge.” Comments: “Shut up regard. No one knows shit about fuck and neither do you. So I’ll just maxed out my credit cards and APE in. YOLO”

PuertoRico51st

Im an APE. I’m use to it 😂

CreepGawd

Newbie fomo bull markets start at the end of the bull cycle not the beginning. After all what are they fomo'ing into if the bull market moon shots haven't started yet? Nothing to miss out on yet according to you I definitely don't think we are in the heart of the bull market but SOL went up 400% in 2 months. LINK 40% in 2 weeks. TIA 200% in 2 months. BONK 1000% In less than 1 month. Its definitely not crypto winter. It's more like crypto spring and again, the good cryptos have been blooming, if your APE or anything else hasn't started blooming again yet then guess what... good luck mate

Independent-Space-23

tell me you didnt read what I wrote, without telling me you didnt read what I wrote. tell your A.D.D that today is the day you make your stand and refuse to be cucked by fiat culture where everything has to be explained and given to your immediately with no effort, and re read what I wrote ESPECIALLY THE LAST PART WHERE I COMPARE THE METAL FUTURES MARKET AND BITCOIN YOU HOPELESS APE here, let me do it for you so your inner fiat child can be coddled, like consumer culture coddles you in order to take your finite energy, attention and pseudo fiat wealth: ​ >The answer is that gold derivatives have created a vast imaginary supply of gold -- a supply of paper certificates for gold that does not exist but for which delivery has not been demanded. That's because most gold investors leave their gold purchases on deposit with the investment banks that sold them only promises of imaginary gold. > >Bitcoin fixes this through a publicly held supply check, called the blockchain. Unlike other ledgers, it requires proof of work, not proof of "I run the financial system, I get to fudge the numbers as I please screw you cuck." If you try naked short sell bitcoin, I ask for the ID of your transaction, that must involve real BTC and is for all to see, and see if you really did send X bitcoin to the broker\\exchange in question. PUBLICLY AUDITABLE SUPPLY CHECK CALLED THE BITCOIN BLOCKCHAIN, NOT THE GOVERNMENT SAYING "I have the gold, are you questioning the government whether I actually have the gold? let me lease (borrow and return fyi) the gold from our bank friends at a time and place convenient for us, and put you under our secret surveillance list real quick"

PassiveRoadRage

It's still hit or miss for me. Safemoon was full on transparent. APE coin too.

HolidayAnything8687

Try to understand circulating coin amounts and compare the number in circulation at ATH and compare it to now, no APE probably never sniffs it’s all time high unless crypto becomes the backbone of the world in the most bullish of cases.

njamimaranga

You could close your eyes. But any coin. From Bitcoin to GMT, you name any coin, DREP, SUPER, ALGO, AVAX, APE. Just anything Come back on August (3 months after the halving) and your portfolio would be ×5 And x5 is just the bare minimum. Crypto is a gift.

njamimaranga

Once a coin is over 120% from its Low I sell it and go invest in another coin that is <40% from its low. And for that case. I'm on Avax, YGG, JUV, ALGO, APE, MBOX, DOGE, OMG, COTI, DREP I don't chase shadows. I know when to walk OUT. And my plan has always worked. Because atmost 2 months this coin grown with over 90%. And that's good business for me. And if they fall, they hardly fall with more than 30%. I have a plan. And the market makers don't care if Solana has a project or anything. Sometimes it's like they move on their own. Maybe not! But all in all. My plan has always worked out for me.

notreallysrs

In an area where nothing makes sense. I'm suprised APE hasn't moved much this run.

socalmikester

im not here to spoil your cargo cult and its monopoly money. just keep playing like im not here. im just observing APE behaviour.

AdAntique5099

APE shit(coin) I also bought, probably go nowhere. That one didn’t even feel good when I bought it, maybe it will surprise me.

Ari003

I’m European ;) I kinda know what 401K is from the APE-a AMC battle but the same time I dont

Few_Dragonfly3342

How do you guys feel about $APE?

SilverCamaroZ28

Tron or APE or a shit coin 700k to 0. Then ask hedge fund dad for 3-5m. Profit.

njamimaranga

AVAX, ADA, ALGO,APE, LUNA, HOT, There are other that needs a shout like MBOX, RUNE and ETC. Those are the few alt coins and shitcoins with an explosive burst of over 500%

Minimal_Gains

LUNA, FLOKI, APE, SHIB & DOGE. It's hard to kill the cockroaches in crypto.

oopssomething

My APE is pumping just fine

coinfeeds-bot

tldr; The decentralized exchange platform dYdX is preparing to unlock a significant portion of its tokens valued at around $500 million in December. This token unlock represents 30% of the allocated supply for investors, founders, and the project’s team. The price of DYDX has surged following the announcement of the unlock, which was initially scheduled for February but later postponed to December. Additionally, dYdX has allocated $9 million from its insurance fund to compensate for liquidations after a significant price drop of the YFI token. Other projects like Optimism, 1inch, Aptos, and APE are also gearing up for token unlocks in the coming weeks. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

coinfeeds-bot

tldr; The article discusses the recent rally of ApeCoin (APE) following the announcement of the impending unlocking event of 15.6M APE tokens. The APE token has experienced a significant increase in value, reaching a three-month high and gaining 18% in the last 24 hours. The ApeCoin DAO is set to launch ApeChain, a Layer-2 scaling solution, and has struck a deal with Forj, a gaming subsidiary, to launch the ApeCoin Accelerator program. The impending unlocking event on December 17, 2023, is expected to release 15.6M APE tokens, representing 4.23% of the total supply. Despite the potential selling pressure, key on-chain signals remain bullish, and the APE token is currently trading at $1.63. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

KMoneyduck

Why is APE up? I don’t see anything out there on it

verysillyman

APE and MAGIC are really starting to take off…

oopssomething

Just buy APE and you dont need this sub anymore

HABU_SR71

As I always say regardless of anything… Each to his or her own! How you read into anything I’ve said is up to you, you just take it or leave it… Fairly simple philosophy. I’m just saying that after I ‘DOYR’ I deduced that the Hedera Network out of all the coins out there has the greatest potential for actual use case in enterprise. That’s all I’m after and bothered about as that is my particular ‘Investment’… Some like ‘APE’ JPEG’s and are down like nearly $4M dollars and some like to get the most out of where they put their money!? Each to his or her own! Hello Future! It’s good to laugh! Haha Take a chill pill and do your own thang DUDE! Haha

oopssomething

What about APE, doesnt seem to come down

oopssomething

What are people buying with their APE Coin gains?

_Stealthy

The Michael Saylor of APE, lol

MaximumStudent1839

>These fads often lack staying power, I wouldn't say for sure. These "blue chip" NFT communities have a lot of members who come from very shady backgrounds as traders. They also got huge dry powder. I wouldn't be surprised if they orchestrate a supply squeeze and send APE parabolic just to dump on the next set of groups of dumb retailers chasing after easy money. Just look at Memeland's Memecoin. That shit just did 40X from no sensible reason because of a supply squeeze and possible manipulation by seasoned ETH market makers. One thing is for sure, ETH has got the shadiest characters who know how to run ponzis and crap to eat retail alive. Scums like Justin Sun are deeply involved in NFTs - think he has a BAYC for Twitter PFP. Scummy rich people with a lot of liquidity making fake pumps to save their vested interest shouldn't be surprising.

Jasonmun8

I mean I don’t disagree with you but this is crypto where most coins being where they are don’t make sense. Dogecoin is a complete zero when it comes to use case but yet is still up tons from last bull market. If anything I say APE has at least one more powerful bull run left in it. I don’t own any and won’t buy it though I like too many other projects. Solana been ripping 🤑

CointestMod

#Apecoin Con-Arguments Below is a Apecoin con-argument written by cryotosensei. > 1. ApeCoin was initially introduced to incentivise owners of the NFT collection Bored Ape Yacht Club released by YUGA Labs. Although its use cases have expanded to that of a form of currency in the Otherside (a metaverse project launched by YUGA Labs) and Benji Bananas (an Animoca Brands blockchain game), it appears that the success of $APE is largely tied to whether YUGA Labs will continue to do well and the degree of support it receives from users for its NFT projects like CryptoPunks and Bored Ape Yacht Club. In the event that other NFT projects shoot to prominence and wrestle away a significant portion of the market share from YUGA Labs, this could send $APE on a downward spiral. > 2. $APE is built on the Ethereum blockchain. While the Ethereum blockchain functions well and is reliable, its problems are well-documented: high congestion leading to high gas fees. At the point of writing, ETH gas fees are rather low due to the bear market, but they are unlikely to remain this low in the long run. In actual fact, the ApeCoin Decentralised Autonomous Organisation proposed for $APE to be migrated to other chains, but to no avail. Since even the ETH Merge won’t immediately lead to lower gas fees once completed, ApeCoin holders must keep sufficient ETH to account for the hefty gas fees. > 3. The allocation structure of $APE may not appeal to some retail investors. Although it has a substantial permanent supply of one billion tokens, only 62% of these tokens is channeled to the Ecosystem Fund. Even so, BAYC holders only get access to 150 million tokens. The remaining 38% is divided among three groups of stakeholders, with the percentage they are entitled to indicated in brackets: Yuga Labs and Charity (16%), Launch Contributors (14%), and BAYC Founders (8%). The rationale behind setting up an ApeCoin DAO to empower holders in governance polls is well-intentioned, but this begs the question: to which extent is an average $APE investor granted autonomy in the first place? ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Apecoin) to find submissions for other topics.

CointestMod

#Apecoin Pro-Arguments Below is a Apecoin pro-argument written by cryotosensei. > > Background > > ApeCoin ($APE) was an ERC-20 governance token that was launched on March 17, 2022. It is a social token associated with twoof the biggest NFT players, Bored Ape Yacht Club (BAYC) and Mutant Apes Yacht Club (MAYC). They will be used to engage these two communities and maintain dominance of the whole ecosystem. > > 1. Interestingly, $APE is not controlled by BAYC’s creator, YUGA Labs. Instead, it is operated by the ApeCoin Dao, a decentralised autonomous organization. This means that every $APE holder gets a say in deciding governance rules. Already, they have exercised their right. When YUGA Labs proposed for $APE to have its own blockchain, Layer-2/subnet, or other sidechain solution, an overwhelming majority (99.91%) of 196K ApeCoin holders voted in favour of Proposition 41 as they would rather ApeCoin remain in the Ethereum ecosystem instead of migrating to other chains. This enhances $APE holders’ sense of autonomy as they get to determine the future of their token. > 2. Besides being empowered with voting rights, $APE holders will find like they are in an exclusive club as they will get to access member perks and benefits, including access to rare merchandise, and invitations to face-to-face events. > 3. $APE offers utility as a form of currency. Firstly, this is because of the Otherside metaverse that was launched by Yuga Labs. Since $APE is employed as the standard currency in Otherside (e.g. minting of Otherside NFTs), its value soared, thus helping it to become the largest metaverse token by market capitalisation at one point in time. Plus, players of the Animoca Brands blockchain game, Benji Bananas, could use ApeCoin as an in-game currency to advance to higher levels. This applies to players of a play to earn game from nWay Play too. > > > References > https://chaindebrief.com/everything-you-need-to-know-apecoin/ > > https://decrypt.co/98829/apecoin-becomes-largest-metaverse-token-surpassing-mana-sand-axs > > https://cryptobriefing.com/apecoin-at-all-time-highs-ahead-of-otherside-nft-drop/ > > https://bit.ly/3LlxoMC > > https://www.gemini.com/cryptopedia/apecoin-ape-crypto-bayc-ape-token-crypto-yuga-labs-ape-board#section-use-cases-of-ape-coin ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Apecoin) to find submissions for other topics.

Jasonmun8

It’s down like every other coin during a bear market. Even though I’m not that into NFT’s I’m sure APE will do well in this next bill run

CointestMod

#Apecoin Con-Arguments Below is a Apecoin con-argument written by cryotosensei. > 1. ApeCoin was initially introduced to incentivise owners of the NFT collection Bored Ape Yacht Club released by YUGA Labs. Although its use cases have expanded to that of a form of currency in the Otherside (a metaverse project launched by YUGA Labs) and Benji Bananas (an Animoca Brands blockchain game), it appears that the success of $APE is largely tied to whether YUGA Labs will continue to do well and the degree of support it receives from users for its NFT projects like CryptoPunks and Bored Ape Yacht Club. In the event that other NFT projects shoot to prominence and wrestle away a significant portion of the market share from YUGA Labs, this could send $APE on a downward spiral. > 2. $APE is built on the Ethereum blockchain. While the Ethereum blockchain functions well and is reliable, its problems are well-documented: high congestion leading to high gas fees. At the point of writing, ETH gas fees are rather low due to the bear market, but they are unlikely to remain this low in the long run. In actual fact, the ApeCoin Decentralised Autonomous Organisation proposed for $APE to be migrated to other chains, but to no avail. Since even the ETH Merge won’t immediately lead to lower gas fees once completed, ApeCoin holders must keep sufficient ETH to account for the hefty gas fees. > 3. The allocation structure of $APE may not appeal to some retail investors. Although it has a substantial permanent supply of one billion tokens, only 62% of these tokens is channeled to the Ecosystem Fund. Even so, BAYC holders only get access to 150 million tokens. The remaining 38% is divided among three groups of stakeholders, with the percentage they are entitled to indicated in brackets: Yuga Labs and Charity (16%), Launch Contributors (14%), and BAYC Founders (8%). The rationale behind setting up an ApeCoin DAO to empower holders in governance polls is well-intentioned, but this begs the question: to which extent is an average $APE investor granted autonomy in the first place? ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Apecoin) to find submissions for other topics.

CointestMod

#Apecoin Con-Arguments Below is a Apecoin con-argument written by cryotosensei. > 1. ApeCoin was initially introduced to incentivise owners of the NFT collection Bored Ape Yacht Club released by YUGA Labs. Although its use cases have expanded to that of a form of currency in the Otherside (a metaverse project launched by YUGA Labs) and Benji Bananas (an Animoca Brands blockchain game), it appears that the success of $APE is largely tied to whether YUGA Labs will continue to do well and the degree of support it receives from users for its NFT projects like CryptoPunks and Bored Ape Yacht Club. In the event that other NFT projects shoot to prominence and wrestle away a significant portion of the market share from YUGA Labs, this could send $APE on a downward spiral. > 2. $APE is built on the Ethereum blockchain. While the Ethereum blockchain functions well and is reliable, its problems are well-documented: high congestion leading to high gas fees. At the point of writing, ETH gas fees are rather low due to the bear market, but they are unlikely to remain this low in the long run. In actual fact, the ApeCoin Decentralised Autonomous Organisation proposed for $APE to be migrated to other chains, but to no avail. Since even the ETH Merge won’t immediately lead to lower gas fees once completed, ApeCoin holders must keep sufficient ETH to account for the hefty gas fees. > 3. The allocation structure of $APE may not appeal to some retail investors. Although it has a substantial permanent supply of one billion tokens, only 62% of these tokens is channeled to the Ecosystem Fund. Even so, BAYC holders only get access to 150 million tokens. The remaining 38% is divided among three groups of stakeholders, with the percentage they are entitled to indicated in brackets: Yuga Labs and Charity (16%), Launch Contributors (14%), and BAYC Founders (8%). The rationale behind setting up an ApeCoin DAO to empower holders in governance polls is well-intentioned, but this begs the question: to which extent is an average $APE investor granted autonomy in the first place? ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Apecoin) to find submissions for other topics.

verysillyman

Some people are saying that a dip didn’t actually happen and that we are still in an uptrend. Maybe for BTC, but look at alts: APE -10% FTM- 8.5% INJ -7.5% XRP -5%. And everything else is now slowly bleeding down. Coincidentally the stock market is also going down

CointestMod

#Apecoin Con-Arguments Below is a Apecoin con-argument written by cryotosensei. > 1. ApeCoin was initially introduced to incentivise owners of the NFT collection Bored Ape Yacht Club released by YUGA Labs. Although its use cases have expanded to that of a form of currency in the Otherside (a metaverse project launched by YUGA Labs) and Benji Bananas (an Animoca Brands blockchain game), it appears that the success of $APE is largely tied to whether YUGA Labs will continue to do well and the degree of support it receives from users for its NFT projects like CryptoPunks and Bored Ape Yacht Club. In the event that other NFT projects shoot to prominence and wrestle away a significant portion of the market share from YUGA Labs, this could send $APE on a downward spiral. > 2. $APE is built on the Ethereum blockchain. While the Ethereum blockchain functions well and is reliable, its problems are well-documented: high congestion leading to high gas fees. At the point of writing, ETH gas fees are rather low due to the bear market, but they are unlikely to remain this low in the long run. In actual fact, the ApeCoin Decentralised Autonomous Organisation proposed for $APE to be migrated to other chains, but to no avail. Since even the ETH Merge won’t immediately lead to lower gas fees once completed, ApeCoin holders must keep sufficient ETH to account for the hefty gas fees. > 3. The allocation structure of $APE may not appeal to some retail investors. Although it has a substantial permanent supply of one billion tokens, only 62% of these tokens is channeled to the Ecosystem Fund. Even so, BAYC holders only get access to 150 million tokens. The remaining 38% is divided among three groups of stakeholders, with the percentage they are entitled to indicated in brackets: Yuga Labs and Charity (16%), Launch Contributors (14%), and BAYC Founders (8%). The rationale behind setting up an ApeCoin DAO to empower holders in governance polls is well-intentioned, but this begs the question: to which extent is an average $APE investor granted autonomy in the first place? ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Apecoin) to find submissions for other topics.

CointestMod

#Apecoin Con-Arguments Below is a Apecoin con-argument written by cryotosensei. > 1. ApeCoin was initially introduced to incentivise owners of the NFT collection Bored Ape Yacht Club released by YUGA Labs. Although its use cases have expanded to that of a form of currency in the Otherside (a metaverse project launched by YUGA Labs) and Benji Bananas (an Animoca Brands blockchain game), it appears that the success of $APE is largely tied to whether YUGA Labs will continue to do well and the degree of support it receives from users for its NFT projects like CryptoPunks and Bored Ape Yacht Club. In the event that other NFT projects shoot to prominence and wrestle away a significant portion of the market share from YUGA Labs, this could send $APE on a downward spiral. > 2. $APE is built on the Ethereum blockchain. While the Ethereum blockchain functions well and is reliable, its problems are well-documented: high congestion leading to high gas fees. At the point of writing, ETH gas fees are rather low due to the bear market, but they are unlikely to remain this low in the long run. In actual fact, the ApeCoin Decentralised Autonomous Organisation proposed for $APE to be migrated to other chains, but to no avail. Since even the ETH Merge won’t immediately lead to lower gas fees once completed, ApeCoin holders must keep sufficient ETH to account for the hefty gas fees. > 3. The allocation structure of $APE may not appeal to some retail investors. Although it has a substantial permanent supply of one billion tokens, only 62% of these tokens is channeled to the Ecosystem Fund. Even so, BAYC holders only get access to 150 million tokens. The remaining 38% is divided among three groups of stakeholders, with the percentage they are entitled to indicated in brackets: Yuga Labs and Charity (16%), Launch Contributors (14%), and BAYC Founders (8%). The rationale behind setting up an ApeCoin DAO to empower holders in governance polls is well-intentioned, but this begs the question: to which extent is an average $APE investor granted autonomy in the first place? ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Apecoin) to find submissions for other topics.

CointestMod

#Apecoin Pro-Arguments Below is a Apecoin pro-argument written by noxtrifle. > ApeCoin is an ERC-20 token made by Yuga Labs, the company behind the sporadically successful Bored Ape Yacht Club NFT collection. It was created as a means to "empower and incentivize a decentralized community building at the forefront of web3" [\[CoinMarketCap\]](https://coinmarketcap.com/currencies/apecoin-ape/). Though the NFT market is gradually declining in popularity, ApeCoin might just have a chance of survival. This is why: > > * **470,000,000 tokens, or $2,096,200,000 to be dedicated to the community** > * According to [their website](https://apecoin.com/about), over $2B (at current prices) will be released gradually through vesting periods to the treasury, which has the ultimate goal of funding community projects. > * Hence, the money will likely go towards innovating in the APE ecosystem, improving the blockchain, and funding the upcomingstaking system. > * **DAO Status** > * Also being a DAO currently worth over $1B, ApeCoin holds incredible power over the crypto sphere and has the capability to purchase & fund promising projects at will, making for a better experience for everyone. > * **Upcoming Staking System** > * With a staking system having been voted in with [AIP-21](https://messari.io/governor/proposal/33db0781-fcd1-4bdd-93f4-208fcc52246a) and AIP-22, it has been stipulated that [17.5% of the total supply](https://coinquora.com/apecoin-price-may-explode-with-aip-21-22-staking-update/) will be used (over three years) to fund the staking of ApeCoin. > * As such, it is highly likely that APE will increase in value as investors get drawn in by the upcoming staking system. > * **Celebrity Ownership** > * ApeCoin was airdropped to all BAYC holders, including several celebrities like Mark Cuban, Stephen Curry, Neymar, Serena Williams, Justin Bieber, and [many more.](https://boardroom.tv/bored-ape-nft-celebrity-owners/) > * Given that all these people are invested in APE, it is likely that ApeCoin will only rise in popularity. Just look at Dogecoin, and it was not backed by nearly as many people. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Apecoin) to find submissions for other topics.

CointestMod

#Apecoin Con-Arguments Below is a Apecoin con-argument written by cryotosensei. > 1. ApeCoin was initially introduced to incentivise owners of the NFT collection Bored Ape Yacht Club released by YUGA Labs. Although its use cases have expanded to that of a form of currency in the Otherside (a metaverse project launched by YUGA Labs) and Benji Bananas (an Animoca Brands blockchain game), it appears that the success of $APE is largely tied to whether YUGA Labs will continue to do well and the degree of support it receives from users for its NFT projects like CryptoPunks and Bored Ape Yacht Club. In the event that other NFT projects shoot to prominence and wrestle away a significant portion of the market share from YUGA Labs, this could send $APE on a downward spiral. > 2. $APE is built on the Ethereum blockchain. While the Ethereum blockchain functions well and is reliable, its problems are well-documented: high congestion leading to high gas fees. At the point of writing, ETH gas fees are rather low due to the bear market, but they are unlikely to remain this low in the long run. In actual fact, the ApeCoin Decentralised Autonomous Organisation proposed for $APE to be migrated to other chains, but to no avail. Since even the ETH Merge won’t immediately lead to lower gas fees once completed, ApeCoin holders must keep sufficient ETH to account for the hefty gas fees. > 3. The allocation structure of $APE may not appeal to some retail investors. Although it has a substantial permanent supply of one billion tokens, only 62% of these tokens is channeled to the Ecosystem Fund. Even so, BAYC holders only get access to 150 million tokens. The remaining 38% is divided among three groups of stakeholders, with the percentage they are entitled to indicated in brackets: Yuga Labs and Charity (16%), Launch Contributors (14%), and BAYC Founders (8%). The rationale behind setting up an ApeCoin DAO to empower holders in governance polls is well-intentioned, but this begs the question: to which extent is an average $APE investor granted autonomy in the first place? ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Apecoin) to find submissions for other topics.

CointestMod

#Apecoin Con-Arguments Below is a Apecoin con-argument written by bkcrypt0. > # Ape Coin Apes Real Crypto, but Without a Purpose > > # Background > > First there was the NFT craze with Bored Ape Yacht Club growing a following and a selling a ton of generated digital images fetching millions of dollars a piece. There were ones with funny hats, and expressions, and clothes, and laser eyes (how collectible!), but the underlying "art" was pretty much the same. The experiment proved there's a buyer for practically anything out there. > > Then came the social club that only BAYC NFT holders could attend. They even rented out a warehouse space in NYC with DJs, drinks, and a "don't you wish your NFTs were as cool as mine" vibe. > > Don't forget the mediocre cartoon featuring all your favorite apes who wait in line to escape a dying planet (oh the symbolism, how smug). > > If that wasn't enough, now there's APE coin, initially airdropped to NFT holders as another benefit of being in the club, but now available to anyone who wants to plunk down some hard earned cash on a purely speculative digital "asset." > > # Analysis > > Trouble is, the NFT ship has sailed (and the APE NFT values are plummeting based on floor price data.) This was meant to rival the Doge fans and their fanatical adherence to a private club of crypto holders that does nothing except circulate money from fiat to DOGE to other crypto and back again (the greater fool theory at work, except some got insanely rich off the grift.) > > APE coin failed to reach critical mass before the market tanked, and they didn't get the Musk nod to give it enhanced credibility like by being used for Tesla merch (how many Doge holders really care about Tesla merch?), so the coin languishes like the majority of alts (not all of them, at least not ones that actually do something.) > > Purely on the technicals at time of writing APE coin is off 80% from its high of over $25 with a little under **30% of its one billion tokens in circulation**. Imagine when the rest of that supply hits the market. > > What is APE coin used for? It's an ERC-20 token used for APE community DAO governance (and some online metaverse features.) How many people are buying Ape Coin to be able to vote in governance? > > # Conclusion > > Not every crypto has to have utility just like anything else that sells in the physical world (beanie babies and chia pets all had some value to the people who bought them.) > > They may look good on a shelf somewhere, but that doesn't make them a good investment (only a few beanie babies are actually worth significant money.) > > There's no tech here, no unique use case, no problems solved. Ape Coin is strictly a hyped crypto token with minimal value beyond the hype. As long as that machine keeps working it may sustain itself, but that's a risky bet by any definition. > > Otherwise it's all smoke and mirrors until the carnival closes and the mope in the ape suit vaping out back is left to wonder how to pay next month's bills. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Apecoin) to find submissions for other topics.

CointestMod

#Apecoin Pro-Arguments Below is a Apecoin pro-argument written by cryotosensei. > > Background > > ApeCoin ($APE) was an ERC-20 governance token that was launched on March 17, 2022. It is a social token associated with twoof the biggest NFT players, Bored Ape Yacht Club (BAYC) and Mutant Apes Yacht Club (MAYC). They will be used to engage these two communities and maintain dominance of the whole ecosystem. > > 1. Interestingly, $APE is not controlled by BAYC’s creator, YUGA Labs. Instead, it is operated by the ApeCoin Dao, a decentralised autonomous organization. This means that every $APE holder gets a say in deciding governance rules. Already, they have exercised their right. When YUGA Labs proposed for $APE to have its own blockchain, Layer-2/subnet, or other sidechain solution, an overwhelming majority (99.91%) of 196K ApeCoin holders voted in favour of Proposition 41 as they would rather ApeCoin remain in the Ethereum ecosystem instead of migrating to other chains. This enhances $APE holders’ sense of autonomy as they get to determine the future of their token. > 2. Besides being empowered with voting rights, $APE holders will find like they are in an exclusive club as they will get to access member perks and benefits, including access to rare merchandise, and invitations to face-to-face events. > 3. $APE offers utility as a form of currency. Firstly, this is because of the Otherside metaverse that was launched by Yuga Labs. Since $APE is employed as the standard currency in Otherside (e.g. minting of Otherside NFTs), its value soared, thus helping it to become the largest metaverse token by market capitalisation at one point in time. Plus, players of the Animoca Brands blockchain game, Benji Bananas, could use ApeCoin as an in-game currency to advance to higher levels. This applies to players of a play to earn game from nWay Play too. > > > References > https://chaindebrief.com/everything-you-need-to-know-apecoin/ > > https://decrypt.co/98829/apecoin-becomes-largest-metaverse-token-surpassing-mana-sand-axs > > https://cryptobriefing.com/apecoin-at-all-time-highs-ahead-of-otherside-nft-drop/ > > https://bit.ly/3LlxoMC > > https://www.gemini.com/cryptopedia/apecoin-ape-crypto-bayc-ape-token-crypto-yuga-labs-ape-board#section-use-cases-of-ape-coin ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Apecoin) to find submissions for other topics.

CointestMod

#Apecoin Con-Arguments Below is a Apecoin con-argument written by cryotosensei. > 1. ApeCoin was initially introduced to incentivise owners of the NFT collection Bored Ape Yacht Club released by YUGA Labs. Although its use cases have expanded to that of a form of currency in the Otherside (a metaverse project launched by YUGA Labs) and Benji Bananas (an Animoca Brands blockchain game), it appears that the success of $APE is largely tied to whether YUGA Labs will continue to do well and the degree of support it receives from users for its NFT projects like CryptoPunks and Bored Ape Yacht Club. In the event that other NFT projects shoot to prominence and wrestle away a significant portion of the market share from YUGA Labs, this could send $APE on a downward spiral. > 2. $APE is built on the Ethereum blockchain. While the Ethereum blockchain functions well and is reliable, its problems are well-documented: high congestion leading to high gas fees. At the point of writing, ETH gas fees are rather low due to the bear market, but they are unlikely to remain this low in the long run. In actual fact, the ApeCoin Decentralised Autonomous Organisation proposed for $APE to be migrated to other chains, but to no avail. Since even the ETH Merge won’t immediately lead to lower gas fees once completed, ApeCoin holders must keep sufficient ETH to account for the hefty gas fees. > 3. The allocation structure of $APE may not appeal to some retail investors. Although it has a substantial permanent supply of one billion tokens, only 62% of these tokens is channeled to the Ecosystem Fund. Even so, BAYC holders only get access to 150 million tokens. The remaining 38% is divided among three groups of stakeholders, with the percentage they are entitled to indicated in brackets: Yuga Labs and Charity (16%), Launch Contributors (14%), and BAYC Founders (8%). The rationale behind setting up an ApeCoin DAO to empower holders in governance polls is well-intentioned, but this begs the question: to which extent is an average $APE investor granted autonomy in the first place? ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Apecoin) to find submissions for other topics.

coinfeeds-bot

tldr; ApeCoin (APE) has maintained a bullish stance despite the upcoming $22 million token unlock event. The memecoin has seen a 40% increase since hitting rock bottom and has partnered with Animoca Brands to launch the APE Accelerator. The token unlock event will release 15.6 million APE coins, representing 4.23% of the circulating supply. ApeCoin DAO and Yuga Labs have been restructuring since the NFT hype faded. The article emphasizes the importance of finding utility for alternative cryptocurrencies to sustain long-term value. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

CointestMod

#Apecoin Con-Arguments Below is a Apecoin con-argument written by bkcrypt0. > # Ape Coin Apes Real Crypto, but Without a Purpose > > # Background > > First there was the NFT craze with Bored Ape Yacht Club growing a following and a selling a ton of generated digital images fetching millions of dollars a piece. There were ones with funny hats, and expressions, and clothes, and laser eyes (how collectible!), but the underlying "art" was pretty much the same. The experiment proved there's a buyer for practically anything out there. > > Then came the social club that only BAYC NFT holders could attend. They even rented out a warehouse space in NYC with DJs, drinks, and a "don't you wish your NFTs were as cool as mine" vibe. > > Don't forget the mediocre cartoon featuring all your favorite apes who wait in line to escape a dying planet (oh the symbolism, how smug). > > If that wasn't enough, now there's APE coin, initially airdropped to NFT holders as another benefit of being in the club, but now available to anyone who wants to plunk down some hard earned cash on a purely speculative digital "asset." > > # Analysis > > Trouble is, the NFT ship has sailed (and the APE NFT values are plummeting based on floor price data.) This was meant to rival the Doge fans and their fanatical adherence to a private club of crypto holders that does nothing except circulate money from fiat to DOGE to other crypto and back again (the greater fool theory at work, except some got insanely rich off the grift.) > > APE coin failed to reach critical mass before the market tanked, and they didn't get the Musk nod to give it enhanced credibility like by being used for Tesla merch (how many Doge holders really care about Tesla merch?), so the coin languishes like the majority of alts (not all of them, at least not ones that actually do something.) > > Purely on the technicals at time of writing APE coin is off 80% from its high of over $25 with a little under **30% of its one billion tokens in circulation**. Imagine when the rest of that supply hits the market. > > What is APE coin used for? It's an ERC-20 token used for APE community DAO governance (and some online metaverse features.) How many people are buying Ape Coin to be able to vote in governance? > > # Conclusion > > Not every crypto has to have utility just like anything else that sells in the physical world (beanie babies and chia pets all had some value to the people who bought them.) > > They may look good on a shelf somewhere, but that doesn't make them a good investment (only a few beanie babies are actually worth significant money.) > > There's no tech here, no unique use case, no problems solved. Ape Coin is strictly a hyped crypto token with minimal value beyond the hype. As long as that machine keeps working it may sustain itself, but that's a risky bet by any definition. > > Otherwise it's all smoke and mirrors until the carnival closes and the mope in the ape suit vaping out back is left to wonder how to pay next month's bills. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Apecoin) to find submissions for other topics.

CointestMod

#Apecoin Pro-Arguments Below is a Apecoin pro-argument written by cryotosensei. > > Background > > ApeCoin ($APE) was an ERC-20 governance token that was launched on March 17, 2022. It is a social token associated with twoof the biggest NFT players, Bored Ape Yacht Club (BAYC) and Mutant Apes Yacht Club (MAYC). They will be used to engage these two communities and maintain dominance of the whole ecosystem. > > 1. Interestingly, $APE is not controlled by BAYC’s creator, YUGA Labs. Instead, it is operated by the ApeCoin Dao, a decentralised autonomous organization. This means that every $APE holder gets a say in deciding governance rules. Already, they have exercised their right. When YUGA Labs proposed for $APE to have its own blockchain, Layer-2/subnet, or other sidechain solution, an overwhelming majority (99.91%) of 196K ApeCoin holders voted in favour of Proposition 41 as they would rather ApeCoin remain in the Ethereum ecosystem instead of migrating to other chains. This enhances $APE holders’ sense of autonomy as they get to determine the future of their token. > 2. Besides being empowered with voting rights, $APE holders will find like they are in an exclusive club as they will get to access member perks and benefits, including access to rare merchandise, and invitations to face-to-face events. > 3. $APE offers utility as a form of currency. Firstly, this is because of the Otherside metaverse that was launched by Yuga Labs. Since $APE is employed as the standard currency in Otherside (e.g. minting of Otherside NFTs), its value soared, thus helping it to become the largest metaverse token by market capitalisation at one point in time. Plus, players of the Animoca Brands blockchain game, Benji Bananas, could use ApeCoin as an in-game currency to advance to higher levels. This applies to players of a play to earn game from nWay Play too. > > > References > https://chaindebrief.com/everything-you-need-to-know-apecoin/ > > https://decrypt.co/98829/apecoin-becomes-largest-metaverse-token-surpassing-mana-sand-axs > > https://cryptobriefing.com/apecoin-at-all-time-highs-ahead-of-otherside-nft-drop/ > > https://bit.ly/3LlxoMC > > https://www.gemini.com/cryptopedia/apecoin-ape-crypto-bayc-ape-token-crypto-yuga-labs-ape-board#section-use-cases-of-ape-coin ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Apecoin) to find submissions for other topics.

CointestMod

#Apecoin Con-Arguments Below is a Apecoin con-argument written by cryotosensei. > 1. ApeCoin was initially introduced to incentivise owners of the NFT collection Bored Ape Yacht Club released by YUGA Labs. Although its use cases have expanded to that of a form of currency in the Otherside (a metaverse project launched by YUGA Labs) and Benji Bananas (an Animoca Brands blockchain game), it appears that the success of $APE is largely tied to whether YUGA Labs will continue to do well and the degree of support it receives from users for its NFT projects like CryptoPunks and Bored Ape Yacht Club. In the event that other NFT projects shoot to prominence and wrestle away a significant portion of the market share from YUGA Labs, this could send $APE on a downward spiral. > 2. $APE is built on the Ethereum blockchain. While the Ethereum blockchain functions well and is reliable, its problems are well-documented: high congestion leading to high gas fees. At the point of writing, ETH gas fees are rather low due to the bear market, but they are unlikely to remain this low in the long run. In actual fact, the ApeCoin Decentralised Autonomous Organisation proposed for $APE to be migrated to other chains, but to no avail. Since even the ETH Merge won’t immediately lead to lower gas fees once completed, ApeCoin holders must keep sufficient ETH to account for the hefty gas fees. > 3. The allocation structure of $APE may not appeal to some retail investors. Although it has a substantial permanent supply of one billion tokens, only 62% of these tokens is channeled to the Ecosystem Fund. Even so, BAYC holders only get access to 150 million tokens. The remaining 38% is divided among three groups of stakeholders, with the percentage they are entitled to indicated in brackets: Yuga Labs and Charity (16%), Launch Contributors (14%), and BAYC Founders (8%). The rationale behind setting up an ApeCoin DAO to empower holders in governance polls is well-intentioned, but this begs the question: to which extent is an average $APE investor granted autonomy in the first place? ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Apecoin) to find submissions for other topics.

CointestMod

#Apecoin Con-Arguments Below is a Apecoin con-argument written by bkcrypt0. > # Ape Coin Apes Real Crypto, but Without a Purpose > > # Background > > First there was the NFT craze with Bored Ape Yacht Club growing a following and a selling a ton of generated digital images fetching millions of dollars a piece. There were ones with funny hats, and expressions, and clothes, and laser eyes (how collectible!), but the underlying "art" was pretty much the same. The experiment proved there's a buyer for practically anything out there. > > Then came the social club that only BAYC NFT holders could attend. They even rented out a warehouse space in NYC with DJs, drinks, and a "don't you wish your NFTs were as cool as mine" vibe. > > Don't forget the mediocre cartoon featuring all your favorite apes who wait in line to escape a dying planet (oh the symbolism, how smug). > > If that wasn't enough, now there's APE coin, initially airdropped to NFT holders as another benefit of being in the club, but now available to anyone who wants to plunk down some hard earned cash on a purely speculative digital "asset." > > # Analysis > > Trouble is, the NFT ship has sailed (and the APE NFT values are plummeting based on floor price data.) This was meant to rival the Doge fans and their fanatical adherence to a private club of crypto holders that does nothing except circulate money from fiat to DOGE to other crypto and back again (the greater fool theory at work, except some got insanely rich off the grift.) > > APE coin failed to reach critical mass before the market tanked, and they didn't get the Musk nod to give it enhanced credibility like by being used for Tesla merch (how many Doge holders really care about Tesla merch?), so the coin languishes like the majority of alts (not all of them, at least not ones that actually do something.) > > Purely on the technicals at time of writing APE coin is off 80% from its high of over $25 with a little under **30% of its one billion tokens in circulation**. Imagine when the rest of that supply hits the market. > > What is APE coin used for? It's an ERC-20 token used for APE community DAO governance (and some online metaverse features.) How many people are buying Ape Coin to be able to vote in governance? > > # Conclusion > > Not every crypto has to have utility just like anything else that sells in the physical world (beanie babies and chia pets all had some value to the people who bought them.) > > They may look good on a shelf somewhere, but that doesn't make them a good investment (only a few beanie babies are actually worth significant money.) > > There's no tech here, no unique use case, no problems solved. Ape Coin is strictly a hyped crypto token with minimal value beyond the hype. As long as that machine keeps working it may sustain itself, but that's a risky bet by any definition. > > Otherwise it's all smoke and mirrors until the carnival closes and the mope in the ape suit vaping out back is left to wonder how to pay next month's bills. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Apecoin) to find submissions for other topics.

CointestMod

#Apecoin Pro-Arguments Below is a Apecoin pro-argument written by noxtrifle. > ApeCoin is an ERC-20 token made by Yuga Labs, the company behind the sporadically successful Bored Ape Yacht Club NFT collection. It was created as a means to "empower and incentivize a decentralized community building at the forefront of web3" [\[CoinMarketCap\]](https://coinmarketcap.com/currencies/apecoin-ape/). Though the NFT market is gradually declining in popularity, ApeCoin might just have a chance of survival. This is why: > > * **470,000,000 tokens, or $2,096,200,000 to be dedicated to the community** > * According to [their website](https://apecoin.com/about), over $2B (at current prices) will be released gradually through vesting periods to the treasury, which has the ultimate goal of funding community projects. > * Hence, the money will likely go towards innovating in the APE ecosystem, improving the blockchain, and funding the upcomingstaking system. > * **DAO Status** > * Also being a DAO currently worth over $1B, ApeCoin holds incredible power over the crypto sphere and has the capability to purchase & fund promising projects at will, making for a better experience for everyone. > * **Upcoming Staking System** > * With a staking system having been voted in with [AIP-21](https://messari.io/governor/proposal/33db0781-fcd1-4bdd-93f4-208fcc52246a) and AIP-22, it has been stipulated that [17.5% of the total supply](https://coinquora.com/apecoin-price-may-explode-with-aip-21-22-staking-update/) will be used (over three years) to fund the staking of ApeCoin. > * As such, it is highly likely that APE will increase in value as investors get drawn in by the upcoming staking system. > * **Celebrity Ownership** > * ApeCoin was airdropped to all BAYC holders, including several celebrities like Mark Cuban, Stephen Curry, Neymar, Serena Williams, Justin Bieber, and [many more.](https://boardroom.tv/bored-ape-nft-celebrity-owners/) > * Given that all these people are invested in APE, it is likely that ApeCoin will only rise in popularity. Just look at Dogecoin, and it was not backed by nearly as many people. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Apecoin) to find submissions for other topics.

CointestMod

#Apecoin Con-Arguments Below is a Apecoin con-argument written by bkcrypt0. > # Ape Coin Apes Real Crypto, but Without a Purpose > > # Background > > First there was the NFT craze with Bored Ape Yacht Club growing a following and a selling a ton of generated digital images fetching millions of dollars a piece. There were ones with funny hats, and expressions, and clothes, and laser eyes (how collectible!), but the underlying "art" was pretty much the same. The experiment proved there's a buyer for practically anything out there. > > Then came the social club that only BAYC NFT holders could attend. They even rented out a warehouse space in NYC with DJs, drinks, and a "don't you wish your NFTs were as cool as mine" vibe. > > Don't forget the mediocre cartoon featuring all your favorite apes who wait in line to escape a dying planet (oh the symbolism, how smug). > > If that wasn't enough, now there's APE coin, initially airdropped to NFT holders as another benefit of being in the club, but now available to anyone who wants to plunk down some hard earned cash on a purely speculative digital "asset." > > # Analysis > > Trouble is, the NFT ship has sailed (and the APE NFT values are plummeting based on floor price data.) This was meant to rival the Doge fans and their fanatical adherence to a private club of crypto holders that does nothing except circulate money from fiat to DOGE to other crypto and back again (the greater fool theory at work, except some got insanely rich off the grift.) > > APE coin failed to reach critical mass before the market tanked, and they didn't get the Musk nod to give it enhanced credibility like by being used for Tesla merch (how many Doge holders really care about Tesla merch?), so the coin languishes like the majority of alts (not all of them, at least not ones that actually do something.) > > Purely on the technicals at time of writing APE coin is off 80% from its high of over $25 with a little under **30% of its one billion tokens in circulation**. Imagine when the rest of that supply hits the market. > > What is APE coin used for? It's an ERC-20 token used for APE community DAO governance (and some online metaverse features.) How many people are buying Ape Coin to be able to vote in governance? > > # Conclusion > > Not every crypto has to have utility just like anything else that sells in the physical world (beanie babies and chia pets all had some value to the people who bought them.) > > They may look good on a shelf somewhere, but that doesn't make them a good investment (only a few beanie babies are actually worth significant money.) > > There's no tech here, no unique use case, no problems solved. Ape Coin is strictly a hyped crypto token with minimal value beyond the hype. As long as that machine keeps working it may sustain itself, but that's a risky bet by any definition. > > Otherwise it's all smoke and mirrors until the carnival closes and the mope in the ape suit vaping out back is left to wonder how to pay next month's bills. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Apecoin) to find submissions for other topics.

CointestMod

#Apecoin Pro-Arguments Below is a Apecoin pro-argument written by cryotosensei. > > Background > > ApeCoin ($APE) was an ERC-20 governance token that was launched on March 17, 2022. It is a social token associated with twoof the biggest NFT players, Bored Ape Yacht Club (BAYC) and Mutant Apes Yacht Club (MAYC). They will be used to engage these two communities and maintain dominance of the whole ecosystem. > > 1. Interestingly, $APE is not controlled by BAYC’s creator, YUGA Labs. Instead, it is operated by the ApeCoin Dao, a decentralised autonomous organization. This means that every $APE holder gets a say in deciding governance rules. Already, they have exercised their right. When YUGA Labs proposed for $APE to have its own blockchain, Layer-2/subnet, or other sidechain solution, an overwhelming majority (99.91%) of 196K ApeCoin holders voted in favour of Proposition 41 as they would rather ApeCoin remain in the Ethereum ecosystem instead of migrating to other chains. This enhances $APE holders’ sense of autonomy as they get to determine the future of their token. > 2. Besides being empowered with voting rights, $APE holders will find like they are in an exclusive club as they will get to access member perks and benefits, including access to rare merchandise, and invitations to face-to-face events. > 3. $APE offers utility as a form of currency. Firstly, this is because of the Otherside metaverse that was launched by Yuga Labs. Since $APE is employed as the standard currency in Otherside (e.g. minting of Otherside NFTs), its value soared, thus helping it to become the largest metaverse token by market capitalisation at one point in time. Plus, players of the Animoca Brands blockchain game, Benji Bananas, could use ApeCoin as an in-game currency to advance to higher levels. This applies to players of a play to earn game from nWay Play too. > > > References > https://chaindebrief.com/everything-you-need-to-know-apecoin/ > > https://decrypt.co/98829/apecoin-becomes-largest-metaverse-token-surpassing-mana-sand-axs > > https://cryptobriefing.com/apecoin-at-all-time-highs-ahead-of-otherside-nft-drop/ > > https://bit.ly/3LlxoMC > > https://www.gemini.com/cryptopedia/apecoin-ape-crypto-bayc-ape-token-crypto-yuga-labs-ape-board#section-use-cases-of-ape-coin ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Apecoin) to find submissions for other topics.

CointestMod

#Apecoin Con-Arguments Below is a Apecoin con-argument written by bkcrypt0. > # Ape Coin Apes Real Crypto, but Without a Purpose > > # Background > > First there was the NFT craze with Bored Ape Yacht Club growing a following and a selling a ton of generated digital images fetching millions of dollars a piece. There were ones with funny hats, and expressions, and clothes, and laser eyes (how collectible!), but the underlying "art" was pretty much the same. The experiment proved there's a buyer for practically anything out there. > > Then came the social club that only BAYC NFT holders could attend. They even rented out a warehouse space in NYC with DJs, drinks, and a "don't you wish your NFTs were as cool as mine" vibe. > > Don't forget the mediocre cartoon featuring all your favorite apes who wait in line to escape a dying planet (oh the symbolism, how smug). > > If that wasn't enough, now there's APE coin, initially airdropped to NFT holders as another benefit of being in the club, but now available to anyone who wants to plunk down some hard earned cash on a purely speculative digital "asset." > > # Analysis > > Trouble is, the NFT ship has sailed (and the APE NFT values are plummeting based on floor price data.) This was meant to rival the Doge fans and their fanatical adherence to a private club of crypto holders that does nothing except circulate money from fiat to DOGE to other crypto and back again (the greater fool theory at work, except some got insanely rich off the grift.) > > APE coin failed to reach critical mass before the market tanked, and they didn't get the Musk nod to give it enhanced credibility like by being used for Tesla merch (how many Doge holders really care about Tesla merch?), so the coin languishes like the majority of alts (not all of them, at least not ones that actually do something.) > > Purely on the technicals at time of writing APE coin is off 80% from its high of over $25 with a little under **30% of its one billion tokens in circulation**. Imagine when the rest of that supply hits the market. > > What is APE coin used for? It's an ERC-20 token used for APE community DAO governance (and some online metaverse features.) How many people are buying Ape Coin to be able to vote in governance? > > # Conclusion > > Not every crypto has to have utility just like anything else that sells in the physical world (beanie babies and chia pets all had some value to the people who bought them.) > > They may look good on a shelf somewhere, but that doesn't make them a good investment (only a few beanie babies are actually worth significant money.) > > There's no tech here, no unique use case, no problems solved. Ape Coin is strictly a hyped crypto token with minimal value beyond the hype. As long as that machine keeps working it may sustain itself, but that's a risky bet by any definition. > > Otherwise it's all smoke and mirrors until the carnival closes and the mope in the ape suit vaping out back is left to wonder how to pay next month's bills. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Apecoin) to find submissions for other topics.

CointestMod

#Apecoin Pro-Arguments Below is a Apecoin pro-argument written by cryotosensei. > > Background > > ApeCoin ($APE) was an ERC-20 governance token that was launched on March 17, 2022. It is a social token associated with twoof the biggest NFT players, Bored Ape Yacht Club (BAYC) and Mutant Apes Yacht Club (MAYC). They will be used to engage these two communities and maintain dominance of the whole ecosystem. > > 1. Interestingly, $APE is not controlled by BAYC’s creator, YUGA Labs. Instead, it is operated by the ApeCoin Dao, a decentralised autonomous organization. This means that every $APE holder gets a say in deciding governance rules. Already, they have exercised their right. When YUGA Labs proposed for $APE to have its own blockchain, Layer-2/subnet, or other sidechain solution, an overwhelming majority (99.91%) of 196K ApeCoin holders voted in favour of Proposition 41 as they would rather ApeCoin remain in the Ethereum ecosystem instead of migrating to other chains. This enhances $APE holders’ sense of autonomy as they get to determine the future of their token. > 2. Besides being empowered with voting rights, $APE holders will find like they are in an exclusive club as they will get to access member perks and benefits, including access to rare merchandise, and invitations to face-to-face events. > 3. $APE offers utility as a form of currency. Firstly, this is because of the Otherside metaverse that was launched by Yuga Labs. Since $APE is employed as the standard currency in Otherside (e.g. minting of Otherside NFTs), its value soared, thus helping it to become the largest metaverse token by market capitalisation at one point in time. Plus, players of the Animoca Brands blockchain game, Benji Bananas, could use ApeCoin as an in-game currency to advance to higher levels. This applies to players of a play to earn game from nWay Play too. > > > References > https://chaindebrief.com/everything-you-need-to-know-apecoin/ > > https://decrypt.co/98829/apecoin-becomes-largest-metaverse-token-surpassing-mana-sand-axs > > https://cryptobriefing.com/apecoin-at-all-time-highs-ahead-of-otherside-nft-drop/ > > https://bit.ly/3LlxoMC > > https://www.gemini.com/cryptopedia/apecoin-ape-crypto-bayc-ape-token-crypto-yuga-labs-ape-board#section-use-cases-of-ape-coin ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Apecoin) to find submissions for other topics.

CointestMod

#Apecoin Con-Arguments Below is a Apecoin con-argument written by bkcrypt0. > # Ape Coin Apes Real Crypto, but Without a Purpose > > # Background > > First there was the NFT craze with Bored Ape Yacht Club growing a following and a selling a ton of generated digital images fetching millions of dollars a piece. There were ones with funny hats, and expressions, and clothes, and laser eyes (how collectible!), but the underlying "art" was pretty much the same. The experiment proved there's a buyer for practically anything out there. > > Then came the social club that only BAYC NFT holders could attend. They even rented out a warehouse space in NYC with DJs, drinks, and a "don't you wish your NFTs were as cool as mine" vibe. > > Don't forget the mediocre cartoon featuring all your favorite apes who wait in line to escape a dying planet (oh the symbolism, how smug). > > If that wasn't enough, now there's APE coin, initially airdropped to NFT holders as another benefit of being in the club, but now available to anyone who wants to plunk down some hard earned cash on a purely speculative digital "asset." > > # Analysis > > Trouble is, the NFT ship has sailed (and the APE NFT values are plummeting based on floor price data.) This was meant to rival the Doge fans and their fanatical adherence to a private club of crypto holders that does nothing except circulate money from fiat to DOGE to other crypto and back again (the greater fool theory at work, except some got insanely rich off the grift.) > > APE coin failed to reach critical mass before the market tanked, and they didn't get the Musk nod to give it enhanced credibility like by being used for Tesla merch (how many Doge holders really care about Tesla merch?), so the coin languishes like the majority of alts (not all of them, at least not ones that actually do something.) > > Purely on the technicals at time of writing APE coin is off 80% from its high of over $25 with a little under **30% of its one billion tokens in circulation**. Imagine when the rest of that supply hits the market. > > What is APE coin used for? It's an ERC-20 token used for APE community DAO governance (and some online metaverse features.) How many people are buying Ape Coin to be able to vote in governance? > > # Conclusion > > Not every crypto has to have utility just like anything else that sells in the physical world (beanie babies and chia pets all had some value to the people who bought them.) > > They may look good on a shelf somewhere, but that doesn't make them a good investment (only a few beanie babies are actually worth significant money.) > > There's no tech here, no unique use case, no problems solved. Ape Coin is strictly a hyped crypto token with minimal value beyond the hype. As long as that machine keeps working it may sustain itself, but that's a risky bet by any definition. > > Otherwise it's all smoke and mirrors until the carnival closes and the mope in the ape suit vaping out back is left to wonder how to pay next month's bills. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Apecoin) to find submissions for other topics.

tendy_trux35

Because for the last 18 months this sub’s theme has been posting and ridiculing people who lost their shorts on rugpulls, calling them idiots for not investing in “blue chip” cryptos, etc. And now it’s the people who have dumped more than they can afford to lose into a cryptocurrency backed by a public company. I don’t feel bad for anybody that lost money in MOONS because I don’t feel bad for people that lost money in DOGE or SquidGame coin or APE Coin or any of the other stupid projects.

Dry_Force7117

APE been on the downward decline for some time now not the best tokenomics

GoldenRain99

Some notable events this month to watch out for: Token unlocks: Oct 16: $FLOW - $3.23M, 0.7% supply. Oct 17: $APE - $16.6M, 4.23% supply. Oct 20: $AXS - $64.59M, 11.5% supply. Oct 22: $ID - $3.41M, 6.46% supply.

GoldenRain99

Token unlocks: Oct 16: $FLOW - $3.23M, 0.7% supply. Oct 17: $APE - $16.6M, 4.23% supply. Oct 20: $AXS - $64.59M, 11.5% supply. Oct 22: $ID - $3.41M, 6.46% supply.

DrinkMoreCodeMore

A very small amount of crypto projects are listed on major exchanges on day-1 of launch. APE was able to have Coinbase list it. A reddit co-founder + a few other large names sat on the board of directors of APE coin. That's the only reason why they were able to pull such a power move like that. They knew what they were doing.

Mundane-Farm-4117

APE coin was hyped for a while

JustGills

Thank you sir, leverage short on APE added to my books

T4KEme2PoundTown

Looking forward to posting gains. And will also crucify any of you who turn bullish on APE during peak fomo season

BradVet

APE endgame

kevinlovesweed

Just bought more $APE because r/cc are bearish on it

teh_d3ac0n

If you APEd into APE, it's time to go APEshit and jump yacht

craigmorris78

Not bullish on APE.

deckartcain

APE holders this morning 

Mr_Bob_Ferguson

Sadly some people WILL win with APE; and we will hear their stories. But they are the small minority.

i_reddit_at_reddit

tl;dr don't APE into this

NoNumbersNumber

>16.68 million $ worth APE tokens due to flood markets in cliff unlock. APE is a worthy coin not

FirefighterKitchen11

There goes the APE

CointestMod

#Apecoin Con-Arguments Below is a Apecoin con-argument written by bkcrypt0. > # Ape Coin Apes Real Crypto, but Without a Purpose > > # Background > > First there was the NFT craze with Bored Ape Yacht Club growing a following and a selling a ton of generated digital images fetching millions of dollars a piece. There were ones with funny hats, and expressions, and clothes, and laser eyes (how collectible!), but the underlying "art" was pretty much the same. The experiment proved there's a buyer for practically anything out there. > > Then came the social club that only BAYC NFT holders could attend. They even rented out a warehouse space in NYC with DJs, drinks, and a "don't you wish your NFTs were as cool as mine" vibe. > > Don't forget the mediocre cartoon featuring all your favorite apes who wait in line to escape a dying planet (oh the symbolism, how smug). > > If that wasn't enough, now there's APE coin, initially airdropped to NFT holders as another benefit of being in the club, but now available to anyone who wants to plunk down some hard earned cash on a purely speculative digital "asset." > > # Analysis > > Trouble is, the NFT ship has sailed (and the APE NFT values are plummeting based on floor price data.) This was meant to rival the Doge fans and their fanatical adherence to a private club of crypto holders that does nothing except circulate money from fiat to DOGE to other crypto and back again (the greater fool theory at work, except some got insanely rich off the grift.) > > APE coin failed to reach critical mass before the market tanked, and they didn't get the Musk nod to give it enhanced credibility like by being used for Tesla merch (how many Doge holders really care about Tesla merch?), so the coin languishes like the majority of alts (not all of them, at least not ones that actually do something.) > > Purely on the technicals at time of writing APE coin is off 80% from its high of over $25 with a little under **30% of its one billion tokens in circulation**. Imagine when the rest of that supply hits the market. > > What is APE coin used for? It's an ERC-20 token used for APE community DAO governance (and some online metaverse features.) How many people are buying Ape Coin to be able to vote in governance? > > # Conclusion > > Not every crypto has to have utility just like anything else that sells in the physical world (beanie babies and chia pets all had some value to the people who bought them.) > > They may look good on a shelf somewhere, but that doesn't make them a good investment (only a few beanie babies are actually worth significant money.) > > There's no tech here, no unique use case, no problems solved. Ape Coin is strictly a hyped crypto token with minimal value beyond the hype. As long as that machine keeps working it may sustain itself, but that's a risky bet by any definition. > > Otherwise it's all smoke and mirrors until the carnival closes and the mope in the ape suit vaping out back is left to wonder how to pay next month's bills. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Apecoin) to find submissions for other topics.

CointestMod

#Apecoin Pro-Arguments Below is a Apecoin pro-argument written by cryotosensei. > > Background > > ApeCoin ($APE) was an ERC-20 governance token that was launched on March 17, 2022. It is a social token associated with twoof the biggest NFT players, Bored Ape Yacht Club (BAYC) and Mutant Apes Yacht Club (MAYC). They will be used to engage these two communities and maintain dominance of the whole ecosystem. > > 1. Interestingly, $APE is not controlled by BAYC’s creator, YUGA Labs. Instead, it is operated by the ApeCoin Dao, a decentralised autonomous organization. This means that every $APE holder gets a say in deciding governance rules. Already, they have exercised their right. When YUGA Labs proposed for $APE to have its own blockchain, Layer-2/subnet, or other sidechain solution, an overwhelming majority (99.91%) of 196K ApeCoin holders voted in favour of Proposition 41 as they would rather ApeCoin remain in the Ethereum ecosystem instead of migrating to other chains. This enhances $APE holders’ sense of autonomy as they get to determine the future of their token. > 2. Besides being empowered with voting rights, $APE holders will find like they are in an exclusive club as they will get to access member perks and benefits, including access to rare merchandise, and invitations to face-to-face events. > 3. $APE offers utility as a form of currency. Firstly, this is because of the Otherside metaverse that was launched by Yuga Labs. Since $APE is employed as the standard currency in Otherside (e.g. minting of Otherside NFTs), its value soared, thus helping it to become the largest metaverse token by market capitalisation at one point in time. Plus, players of the Animoca Brands blockchain game, Benji Bananas, could use ApeCoin as an in-game currency to advance to higher levels. This applies to players of a play to earn game from nWay Play too. > > > References > https://chaindebrief.com/everything-you-need-to-know-apecoin/ > > https://decrypt.co/98829/apecoin-becomes-largest-metaverse-token-surpassing-mana-sand-axs > > https://cryptobriefing.com/apecoin-at-all-time-highs-ahead-of-otherside-nft-drop/ > > https://bit.ly/3LlxoMC > > https://www.gemini.com/cryptopedia/apecoin-ape-crypto-bayc-ape-token-crypto-yuga-labs-ape-board#section-use-cases-of-ape-coin ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Apecoin) to find submissions for other topics.

Ofulinac

I mean the real issue is that someone out there is gonna buy these APE tokens.. God bless them..

Mr_Bob_Ferguson

If you are participating in APE coin and think you’re doing anything other than gambling, then think again.

coinfeeds-bot

tldr; ApeCoin (APE) price has been on a recovery rally, but it may be threatened by the flood of $16.68 million worth of APE tokens that will be unlocked on October 17. The tokens will be allocated to the ApeCoin ecosystem and its launch contributors, potentially leading to selling pressure and derailing the recovery rally. The altcoin's price action and technical indicators suggest that the recovery rally may be premature, and the price could face rejection from the $1.086 resistance level. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Burzzzt88

Worst FOMO: buying APE coin for binance earn of 100% apr. Now i basically am fked because of the price sink. Best FOMO: buying LINK right before it pumped for 50%

Realistic_Wrap_9767

APE doubled my investment within few hours, sold and bought BTC

Moonsorbust

Haha much love friend! I won't lie, I'm pretty pumped and can't fall asleep. I took mushrooms and right before they kicked in (lemon tekked 2g of APE) my real estate agent tells me the sellers refused our home inspection and man that kinda sent me into a negative trip. Ngl. But my gal was awesome, we banged it out and legit had the best sex I've ever had. Woof - so good man lol anyways now I'm up

Zelulose

>m need to finish the bridge, so everyone holding iota can bring in their cash. That will affect prices on shimmerEVM. Copied from Discord: Right now, everyone who bridges SMR or Soon on iotabee which has the bridges and EVM working for soon and Shimmer wallet which has EVM working to bridge smr, You can go to shimmer sea and register ANY token on the evm and create a new liquidity pool between ANY pairs. They just did not advertise it. Tokens are onboarding right now like APE and SDDT. So Shimmer EVM is working well. It is just misleading when you log into the shimmerSea or iotabee swaps and see all these options that are still in development and few instructions on how to get started. Figure out how to use iotabee-metamask and firefly for Shimmer EVM soon and smr. You can then swap or add liquidity between anything that is listed on shimmer EVM which includes a working bridge from sETH to ETH and a swap between sETH and any token on ShimmerSea which you can also provide liquidity for in any combination you want. They just make it hard to find the custom token addition for liquidity pools .

Blooberino

PEPE, APE, ICP, SHIBA... They weren't listed because they're good. They were listed because the internet was buzzing about them hard.

Realistic_Wrap_9767

i doubled my investment within few hours by trading APE, sold and bought BTC with it

johnnyb0083

APE, thought it might rocket like all the BAYC stuff.

Affectionate_Hand_76

Something we all agree, but some people did make mad gains in the initial days. From 24 $ to 1 $ APE coin holders have truly peaked.

CointestMod

#Apecoin Pro-Arguments Below is a Apecoin pro-argument written by cryotosensei. > > Background > > ApeCoin ($APE) was an ERC-20 governance token that was launched on March 17, 2022. It is a social token associated with twoof the biggest NFT players, Bored Ape Yacht Club (BAYC) and Mutant Apes Yacht Club (MAYC). They will be used to engage these two communities and maintain dominance of the whole ecosystem. > > 1. Interestingly, $APE is not controlled by BAYC’s creator, YUGA Labs. Instead, it is operated by the ApeCoin Dao, a decentralised autonomous organization. This means that every $APE holder gets a say in deciding governance rules. Already, they have exercised their right. When YUGA Labs proposed for $APE to have its own blockchain, Layer-2/subnet, or other sidechain solution, an overwhelming majority (99.91%) of 196K ApeCoin holders voted in favour of Proposition 41 as they would rather ApeCoin remain in the Ethereum ecosystem instead of migrating to other chains. This enhances $APE holders’ sense of autonomy as they get to determine the future of their token. > 2. Besides being empowered with voting rights, $APE holders will find like they are in an exclusive club as they will get to access member perks and benefits, including access to rare merchandise, and invitations to face-to-face events. > 3. $APE offers utility as a form of currency. Firstly, this is because of the Otherside metaverse that was launched by Yuga Labs. Since $APE is employed as the standard currency in Otherside (e.g. minting of Otherside NFTs), its value soared, thus helping it to become the largest metaverse token by market capitalisation at one point in time. Plus, players of the Animoca Brands blockchain game, Benji Bananas, could use ApeCoin as an in-game currency to advance to higher levels. This applies to players of a play to earn game from nWay Play too. > > > References > https://chaindebrief.com/everything-you-need-to-know-apecoin/ > > https://decrypt.co/98829/apecoin-becomes-largest-metaverse-token-surpassing-mana-sand-axs > > https://cryptobriefing.com/apecoin-at-all-time-highs-ahead-of-otherside-nft-drop/ > > https://bit.ly/3LlxoMC > > https://www.gemini.com/cryptopedia/apecoin-ape-crypto-bayc-ape-token-crypto-yuga-labs-ape-board#section-use-cases-of-ape-coin ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Apecoin) to find submissions for other topics.

Realistic_Wrap_9767

APE doubled my investment within a few hours. Sold it and moved all into BTC

Burzzzt88

Because people finally found out that selling APE jpegs for insane amount of money is just total bullshit.

muttadile1

BAYC.. how did something as big as BAYC with tons of marketing and endorsement with huge celebrities paying million for the monkey nft lose 95% of its value this quickly? &#x200B; they even got a coin $APE

middlemangv

Plot twist: You copy some whale that bought trillions and trillions of APE coin. Congratulations, you are dumb!