🏛️ Governance - power future decisions through the ApeCoin DAO
:3243_take_my_money: Unification of spend - ApeCoin is the ecosystems utility token, and will give users a shared and open currency to power the ecosystem without centralised intermediaries
🔓 Access - Exclusive access to parts of the ecosystem (games, merch, events & services)
♻️ Incentivisation - ApeCoin will be used to incentivise third-party developers to participate in the ecosystem - allowing them to incorporate $APE into services, projects and games within their metaverse
Launch details today:
🔹 15% (150,000,000) of the total supply have been airdropped to holders
🔹 BAYC owners received 10,094 tokens
🔹 MAYC owners received 2,042 tokens
With 1 billion max token supply and around 15-20% available today, we have seen apecoin to 3billion market cap
What does this mean for the NFT space?
🔸 BAYC up from 70ETH floor last week to around 110ETH floor again today
🔸 We have already seen the $APE announcement suck a lot of the liquidity from NFT projects as people clamor to get liquid for the drop - floors fell around 20% across the board
🔸 Will likely bring renewed interest back to NFTs
🔸 Could potentially create a bullish trend for NFTs if it brings many new entrants into the market, and sellers reinvest profit into the NFT market. Could also be bearish for other projects if all the attention remains with BAYC for a period of time… lets see