The creators of the highly-successful Bored Ape Yacht Club NFTs created a token called Apecoin. The free airdrop was a surprise to the community rallying behind the BAYC NFT movement.
In addition, the airdrop exclusive for Bored Ape Yacht Club NFT holders has made sellers who sold at the top upwards of hundreds of thousands of dollars!
NFT content creator and BAYC NFT holder @NathanHead.eth tweeted, “I honestly don’t know what to do this is a lot of money. I don’t know what to do with my $APE… for real prices right now would be life-changing for me.” He stood to make $72,000 from the free airdrop.
He’s wasn’t alone.
Crypto investor @GavinW00ds tweeted, “Yo, I just woke up early on a Thursday morning to claim a six-figure airdrop, and now I’m going back to bed. So how is this real life.” Wood earned just over half a million dollars.
The free ApeCoin airdrop has to be one of the most Robinhood-like, successful airdrops in crypto history ever to go down.
ApeCoin ($APE) was introduced to the world on March 16th, 2022, and became tradable on Coinbase the following day on March 17th, 2022. The official Twitter for the eth-based token describes the token as a token for culture, gaming, and commerce to empower a decentralized community building at the forefront of web3.
The token is owned and operated by a decentralized organization called ApeCoin DAO. The organization allows individual token holders to vote on how the token’s Ecosystem Fund is governed and utilized. This privilege means token holders have a voice and stake in the future of ApeCoin.
The airdrop distributed 150,000,000 of the total supply of $APE to BAYC NFT holders. Therefore, the total supply of Apecoin is one billion coins. It’s important to know there will never be more or less than one billion coins because the contract does not have a burning rate like many other tokens.
Apecoin Token Distribution
- 62% Ecosystem Fund
- 16% Yuga Labs & Charity
- 14% Launch Contributors
- 8% Bored Ape Yacht Club Founders
On Apecoin’s official website, you can learn all about ApeCoin’s governance and mission.
With all this said and done, will you jump in on Apecoin?
