What kind of coin is ApeCoin (APE)

There is a huge field of innovative assets to invest in and one of them is ApeCoin. Let’s take a look at the features of this token to gain the necessary knowledge for the decision: whether it’s worth investing in or not.

ApeCoin definition

ApeCoin is an ERC-20 governance and utility token which governance is executed by the community. The ApeCoin decentralized autonomous organisation provides participants and those who bought the asset the ability to choose potential direction of the decisions which directly affects the asset’s future.

APE’s decentralized protocol layer allows the participants to build at the forefront of Web 3.0.

The token works within the APE ecosystem as a management tool. The decentralized protocol layer gives the ability to the participants of creating at the frontal edge of Web 3.0. Moreover, Yuga Labs, the founder of the Bored Ape Yacht Club NFT project, made it as a prior asset for all innovative products and services on the platform.

In addition, the asset has a total supply of 1 billion pcs and this number is fully fixed.

Principles of work

Decentralized Autonomous Organization (DAO) of ApeCoin which gives all APE holders several opportunities to influence on the future of the project:

1. Allocating the Ecosystem Fund.
2. Create new governance rules.
3. Determine the initiatives within the system.
4. Choosing partnerships.

There are more tasks to participate in, but the principle here is obvious: the community decides the future of the ApeCoin.

However, the legitimate owner of the Decentralized Autonomous Organization is the APE foundation which provides the project with a stable growth and potential upgrades of the APE in a fair way. It has a 5-member council, also known as Board, which observes the project. Their job is to maintain the existing priorities and the visions. The council participants serve for 6 months and the re-election will be provided. By the main principle of Ape governance: token holders make their choices in the Board elections.

Price chart

Here’s how the price changed through the history of the token’s existence:

Historical beginning

Yuga Labs founded ApeCoin in March 2022 as a cryptocurrency within the BAYC non-fungible token collection. The idea is to make the project fully decentralized right from the beginning which greatly fits with the constantly developing ecosystem which prior goal is to be a transparent infrastructure which is ruled by the holders.

With the ApeCoin release, participants of Bored Ape Yacht Club and Mutant Ape Yacht Club received 150,000,000 of fresh assets.

Ecosystem

The Ecosystem has several levels. Together with common processes occurring within the APE, there are 3 main NFT collections which are totally connected to the project’s ideas and initiatives:

1. Bored Ape Yacht Club (BAYC).
2. Mutant Ape Yacht Club (MAYC).
3. Bored Ape Kennel Club (BAKC).

In addition, all products and services within the project’s ground can be received by using the ApeCoin.

However, let’s take a look at each NFT collection individually.

Bored Ape Yacht Club

It is the first NFT collection of the APE which was released in April 2021 which holds 10,000 unique tokens. They were issued on the Ethereum chain. The uniqueness of each token lies in its rarity and appearance.

Mutant Ape Yacht Club

Another NFT collection is Mutant Ape Yacht Club. The name speaks for itself, because MAYC contains about 20,000 changed variations of the BAYC tokens.

It is splitted in half: 10,000 tokens were released to the first NFT collection’s token owners and the other 10,000 tokens were minted for an open sale together with serum airdrop. The uniqueness of features was increased by three levels of serums which provided the participants with the ability to build other variants of mutant Apes.

Here’s the main principle of generating a MAYC asset: each BAYC can be the base exclusively for a single non-fungible token. If this procedure is executed, the serum disappears.

Bored Ape Kennel Club

The third NFT collection is BAYC which holds 10 thousand dog non-fungible tokens which were made available for each participant of the Bored Ape Yacht Club. The drop principle encourages the owning of BAYC NFTs: a holder can get a random Dog token without paying for each NFT from the initial BAYC collection. The only additional condition is to pay a gas fee.

This collection, of course, has a huge variety of individual features inherited to every single token.

Exceptional feature

Considerably, one of the most attractive features of the APE Ecosystem is its governance system. By giving the vote rights to asset holders, the decentralization of the project gains a significant level, together with a shared and open cryptocurrency which can be used without any centralized participants.

Moreover, the participants can use exclusive products and services which are part of the ApeCoin Ecosystem. It is also a crucial feature to third-party devs: by using ApeCoin, they can directly take part in the ecosystem.

Coins within the circulation

ApeCoin’s total supply is predetermined: 1 billion tokens. Every single one is minted at the same time.

The current circulating supply is 752.65 million APE (On April 29, 2025) and the market cap is up to $406.84 million.

At the time, there were 178,14 thousand holders of the tokens.

The existing numbers are constantly changing because of multiple market factors.

Security

ApeCoin is secured by Ethereum PoW algorithm due to its nature: It was released on the Ethereum platform.

Each computer has a copy version of the blockchain and executes very difficult calculations which are leading to the verification of the transaction and to adding new blocks to the system. This is how the mining process is executed within the blockchain: the overall security and integrity of the system is significantly increased because of such precautions.

Exchanges

ApeCoin is being bought just like any other cryptocurrency: from exchanges. The only significant difference between this asset and Bitcoin, Ethereum and e.t.c. is the support. Not all main cryptocurrency exchanges provide the ability to buy ApeCoin.

There are several options that an investor has:

1. Binance.
2. Coinbase.
3. Kraken.
4. SushiSwap. This is a great decentralized exchange to operate with.

However, there are many more variants to choose from. This list consists of the largest exchanges which support and contain the token.

Global Prices

Here’s the list of current global prices:

Similar Coins

There are several coins which have similarities with the APE:

1. The Sandbox. $0.0039 per asset.
2. Decentraland. $0.3239 per token.
3. Gala. $0.0174 per asset.
4. Axie Infinity. $2.6216 per each asset.
5. Chainlink. $15.14 per single token.
6. Arbitrum. $0.3401 per an asset.

Wallets

There are multiple variants of the wallet for the token and the choice strongly depends on the individual features of the investing strategies, the necessary level of security and fees which come with the usage of such wallets. There are several existing options:

1. Trust wallet.
2. Ledger.
3. imToken.
4. MetaMask.
5. Torus.
6. Coinbase.
7. TokenPocket.
8. iToken Wallet.

However, there is no leading wallet in this list simply because of the existing dependance on the individual desires: the choice lies on the investor.