What is ApeCoin (APE), How and Where to Buy?

Esat Demirtaş 6 May 2023Last Updated: 6 May 2023

3 minutes read

What is ApeCoin (APE), How and Where to Buy?

After the Web 3.0 technology, which became popular in the second half of 2021, Web 3.0 projects started to come to the fore. Since ApeCoin is a Web 3.0-oriented project, both itself and its token unit, APE, are one of the most notable projects and cryptocurrencies of recent times.

In this article, we will try to convey all the details about ApeCoin (APE) with answers to the question of what is ApeCoin and what is APE Token, how and where to buy it.

Contents

What is ApeCoin?

ApeCoin is a blockchain project that aims to combine Web 3.0 technology with the goal of social and cultural community.

Inspired by the Bored Ape Yacht Club owned by Yuga Labs, ApeCoin is published under the APE Foundation and has a DAO system. Thanks to this system, as can be expected, all decisions regarding ApeCoin will be subject to a voting system and ApeCoin holders will vote.

ApeCoin on the Ethereum blockchain; aims to be at the forefront of this world by creating a cultural community in the world of Web 3.0 through culture, art, games, entertainment and events.

It is possible to say that ApeCoin, which has devoted all its management to its community, thanks to its governance system, is fully acting in accordance with its project.

The APE Foundation, or originally the APE Foundation, has been awarded a 1 in 1 NFT by Yuga Labs, creators of the Bored Ape Yacht Club. Yuga Labs has transferred all rights and privileges to this NFT and its underlying artwork to the APE Foundation. ApeCoin DAO members can also decide how this intellectual property will be used.

What is APE Token?

APE Token is the native token of the ApeCoin project.

With a maximum supply of 1 billion units, 62% of the total supply of APE Token has been transferred to the ecosystem fund to support initiatives approved by ApeCoin DAO members.

As of March 17, 2022, 30% of the total supply of APE Token has been circulated, and the circulating supply will increase regularly, distributed over a 48-month period.

Where to Buy APE Token?

There are basically two ways to purchase APE Token, also called APE Coin:

Buying from decentralized crypto exchanges,
Buying from central crypto exchanges.

In the decentralized crypto exchange preference, you can choose DEX platforms such as UniSwap in the Ethereum ecosystem, as well as centralized crypto exchanges that list ApeCoin (APE).

How to Buy APE Token?

You can follow the steps below to buy APE Tokens through Gate.io, one of the central crypto exchanges listing ApeCoin, namely APE Token.

Log in to your Gate.io Exchange account. If you do not have an account on the Gate.io Exchange, click here to create one.
Transfer the amount of APE Token you want to buy after logging into your account. You can use the Tron (TRX) cryptocurrency because of its affordable transfer fees.
After your transfer reaches your Gate.io account, go to the Markets page and type APE in the search section and select the APE/USDT parity.
On the page that opens, determine the amount you want to buy and click the Buy APE button to complete the purchase.

If you are looking for a detailed guide on the use of Gate.io Exchange, you can review our article titled Gate.io Exchange and Detailed User Guide.

Frequently Asked Questions About ApeCoin (APE)

In this section, we will try to convey the answers to all the questions about ApeCoin and APE Token. This section will be regularly updated in line with your requests and questions.

Who is the Founder of ApeCoin?

ApeCoin (APE) was founded by Yuga Labs, who are also the founders of Bored Ape Yacht Club.

Does ApeCoin Have Its Own Blockchain?

Although the word coin is mentioned in its name, ApeCoin is located on the Ethereum blockchain. In other words, actually ApeCoin (APE) is a token unit.

Is ApeCoin a Future Project?

Judging by the success of the Bored Ape Yacht Club in the NFT world, there does not seem to be any reason for ApeCoin (APE) to fail.

On Which Exchanges Is ApeCoin (APE) Available?

ApeCoin (APE) can be purchased on UniSwap Exchange if a decentralized exchange is desired. If a central crypto exchange is desired, it is listed on many exchanges, especially Gate.io and Binance.