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ApeCoin (APE) is trading near $0.128 with a market cap of roughly $128M. Explore its governance role, fixed supply, and recent market performance data.
ApeCoin (APE) is currently trading near $0.128, with market data platforms reporting a market capitalization of approximately $128 million [1][2][3]. The token functions as a governance and utility asset within the APE Ecosystem, enabling holders to participate in a decentralized autonomous organization (DAO) that controls the ecosystem fund [1]. The total supply of the token is permanently fixed at 1 billion, with data indicating the full amount is currently in circulation [1][2].
Key takeaways
ApeCoin operates as a decentralized project designed to empower a community building at the forefront of web3, according to its description on CoinMarketCap [1]. The project is inspired by Yuga Labs’ Bored Ape Yacht Club, and the APE Foundation administers the proposals agreed upon by token holders [1]. An administrative council within the foundation, known as the Board, is responsible for day-to-day administration and project management, with board members voted in by the DAO [1].
The token’s structure includes a claim that 62% of all ApeCoin was allocated to the Ecosystem Fund to support community-driven initiatives as voted on by DAO members [1]. Additionally, the APE Foundation was gifted a 1 of 1 NFT by Yuga Labs, conveying all rights and privileges to the underlying artwork to the foundation, allowing DAO members to decide how this intellectual property is used [1]. As an ERC-20 token on the Ethereum blockchain, CoinMarketCap notes it is secured by Ethereum’s proof-of-work (POW) consensus mechanism [1].
While the general market capitalization align
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The total supply of ApeCoin is permanently fixed at 1 billion tokens, all minted at once.
ApeCoin is an ERC-20 token launched on the Ethereum blockchain, secured by Ethereum's proof-of-work (POW) consensus mechanism.
The current market cap of ApeCoin is $129,057,205 USD, according to CoinMarketCap.
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The current price of ApeCoin is $0.129057 USD, according to CoinMarketCap.
ApeCoin is used as a governance token, allowing holders to participate in the APE DAO and vote on governance decisions, and also as a utility token for payments and in-game earnings.