MEXC Exchange Research: What is ApeCoin?


Active Member
Apr 26, 2022
What exactly is ApeCoin?

ApeCoin is one of the most popular NFT brands that has recently swept the crypto world.

ApeCoin is a governance and utility token used by the Bored Ape Yacht Club (BAYC) and its affiliated businesses. Because of the tremendous popularity of the BAYC brand, the APE airdrop has been one of the most anticipated in the NFT world. It was distributed via airdrop to members of the Bored Ape Yacht Club and Mutant Ape Yacht Club. Holders of the Bored Ape Kennel Club receive some tokens as well.

Although ApeCoin does not yet have a large following, it is endorsed by some major NFT names. Yuga Labs, one of the more well-known brands in the NFT sector, is one of the key institutions associated with ApeCoin. Despite the lack of public support at the moment, APE's future appears bright, considering the popularity of the brand it represents.

OpenSea and APE

ApeCoin's value increased after the NFT marketplace OpenSea announced that it would take APE for at least some NFTs, including Otherdeeds. More ApeCoin use scenarios should increase the coin's value in the long run, hence that's now considered a positive. In the meantime, Yuga Labs has asked the ApeCoin DAO to vote on whether APE should migrate from Ethereum to its own network.

What's new about ApeCoin?
On March 17, APE (APE/USDT) was released in MEXC Exchange Innovation Zone, with an initial price of 1 USDT. The highest APE price was 50 USDT.


New Member
May 10, 2022
What is ApeCoin (APE)?
ApeCoin (APE) is an Ethereum-based token launched on March 17. It is the official token of the Bored Ape Yacht Club (BAYC) and is a reward for holders of BAYC and MAYC NFTs. The token was created by ApeCoin DAO, a new decentralized autonomous organization that governs the token and its roadmap.

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