Buy $100 worth of crypto and get a bonus $10

  • Trade crypto and digital assets
  • Significant sign-up bonuses
  • The most trusted finance platform

Disclaimer: eToro USA LLC; Investments are subject to market risk, including the possible loss of principal. Your capital is at risk. This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd. and eToro UK Ltd.) &USA (by eToro USA LLC) which is highly volatile, unregulated in most EU countries, no EU protections & not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal.

You might think NFTs are silly, but one thing remains for sure, the Ape nation is here to stay.

In less than a week since its launch, ApeCoin (APE) has managed to capture the attention of the entire crypto community, even emerging as the top trending crypto project according to CoinMarketCap.

Backed by Yuga Labs which is an incredibly fast-growing startup behind the famous Bored Ape Yacht Club NFT collection, ApeCoin is the ERC-20 token that is reportedly rewarding Bored Ape insiders with billions of dollars.

Just recently, 15,201 unique addresses claimed APE tokens in an airdrop that saw a total of 99,661,960 APE tokens distributed to APE token holders and Bored Ape Yacht Club NFT holders.

APE, an extremely new token, that has seen a slew of crypto exchanges ranging from Binance, Coinbase, and Kucoin list it on their platform, boasts a 24hour trading volume of over $1.75 billion and is set to be the utility token for Yuga Labs’ upcoming metaverse game.

ApeCoin Pros and Cons


  • Features a decentralized governance structure

  • Token supply is neither inflationary or deflationary

  • ERC20 token with fast transactions with low fees

  • Airdrops and other incentives are available


  • There is no mining of new tokens

  • Concerns over attacks by flash loans

  • Still too early to predict future potential

Our Favorite Exchange for ApeCoin

Coinbase logo new


  • Beginner-friendly UI make it easy to make quick buys
  • One of the oldest and most reliable exchanges
  • Earn $200 in free crypto after completing sign-up process. Terms apply.
  • Variety of products including exchange, staking, wallet
  • Advanced Trading options for experienced traders
Funding Methods Debit & Credit Bank, PayPal, ACH, Bank Transfer, e-Transfer
Cryptocurrencies 100+
Countries 100+

ApeCoin Ratings

Developer Engagement

  • Rating: High
  • Reason: ApeCoin is run as a decentralized autonomous organization and is backed by Yuga Labs which is a promising startup with over $400 million in funding to build the ApeCoin ecosystem. Therefore, going forward, the platforms will receive a lot of developer engagement.


  • Rating: Medium
  • Reason: Over 60% of the token’s supply will be pumped back into the ecosystem to fund airdrops and other incentives on the platform. A paltry 8% will go to the founders and 14% and 16% to the launch contributors and Yuga Labs respectively.


  • Rating: High
  • Reason: Within weeks from its launch, ApeCoin is already in the top 100 list of altcoins and boasts a 24hour trading volume of over $1 billion.

Network Speed

  • Rating: Medium
  • Reason: Built on the Ethereum blockchain which has had issues with network congestion and skyrocketing fees. Furthermore, ApeCoin is built with a Proof of Work consensus protocol thereby introducing issues of energy efficiency on its network. However, since there are no more coins to mint, APE token users can expect fairly fast network speeds.


  • Total Supply: 1,000,000,000 APE

Yuga Labs and the ApeCoin Hype

Although the hype around ApeCoin is fuelled by controversy regarding the security of the airdrop as Certik Alert System’s community of security experts reveal the airdrop suffered a flash loan attack, ApeCoin’s surging popularity is also because it is backed by Yuga Labs.

In addition to its overly successful NFT collection, Yuga Labs also recently announced the purchase of the IP rights to the Cryptopunks and Meebits NFT collection. While BAYC is a popular NFT collection, Cryptopubks and Meebits have also had their time in the limelight; thus, the acquisition puts the most lucrative NFT collection under one roof.

What’s more, Yuga labs has also raised $450 million, bringing its valuation to $4 billion in a funding round that was led by top venture capital firm Andreessen Horowitz and video game maker Animoca Brands, not to mention top crypto companies such as Coinbase and MoonPay.

With the funding received, Yuga Labs plans to build its metaverse with ApeCoin as the platform’s main fungible token.

An Overview of Bored Ape Yacht Club (BAYC)

Bored Ape Yacht Club (BAYC) is by far the most valuable NFT collection available. With apes featuring different properties, varying fur types, clothing, accessories, and facial expressions, to mention a few, NFT enthusiasts continue to bid on these NFTs, and an ape from the BAYC even made it to the cover of Rolling Stone Magazine.

The BAYC NTF collection has been bought by celebrities such as Mark Cuban, Serena Williams, and Snoop Dog. At the moment, one particular sad-looking ape that is part of the 10,000 BAYC NFT collection is people bidding upwards of $330,556 though it is unlikely that will be the winning bid.

Launched on April 23rd, 2021, as Yuga Labs’ first NFT collection, each ape in the BAYC collection sold on the primary market for 0.8 Ethereum, which was currently worth around $200. The current floor price of BAYC is over 100 ETH.

What makes BAYC NFTs valuable is rather subjective, as value is pretty much in the eye of the beholder. However, the rising popularity can be attributed to the influence of celebrities coming on onboard, the strength of the BAYC community, and the utility that comes with owning a BAYC NFT, such as receiving APE token airdrops. What has kept audiences excited about Bored Ape Yacht Club is the tons of utility built around the project.

Last November, BAYC NFT owners got to attend a weekend of festivities that featured approaches from popular artists such as Aziz Ansari, Chris Rock, and The Strokes. Apart from owning BAYC NFTs, members have also enjoyed minting new NFTs that are just as valuable in the form of Mutant Ape NFTs and the Bored Ape Kennel Club.

What is ApeCoin?

ApeCoin is an open-source protocol and the latest entrant into the Bored Ape Yacht Club. Unlike BAYC, this is not an NFT project; rather it is a token economy around the upcoming metaverse game soon to be launched by Yuga Labs and is governed by a decentralized autonomous organization (DAO).

At its core, ApeCoin is a voting share for the Bored Ape ecosystem. By simply holding APE, anyone can become a member of the DAO and propose an Ape Improvement Proposal request that will influence the rules, partnerships, governance, and other functions of the ApeCoin DAO.

Built on the Ethereum blockchain, ApeCoin is a fungible ERC-20 token designed to empower decentralized communities in building at the forefront of Web3. The APE token serves several purposes, including governance, access to certain parts of the APE ecosystem, incentivization to third-party developers, and a unit of spend throughout the APE ecosystem.

ApeCoin is neither inflationary nor deflationary. There will only ever be 1 billion APE tokens in circulation. From this amount, 8% will go to Yuga Labs founders. A 14% share is allocated to companies and people that contributed to the launch, 16% will go to charity plus YugaLabs and the remaining 62% will split between the DAO’s treasury and ecosystem airdrops.

How to Buy ApeCoin

As mentioned, ApeCoin is listed on multiple exchange platforms such as Binance, Coinbase Exchange, FTX, and also on Uniswap DEX (decentralized exchange).

Follow these steps to purchase in a minute:

Step 1:

Open an account with a crypto exchange if you don’t already have one. This is a simple process that will require you to have an email address for account verification.

Step 2: 

Next, deposit funds into your crypto exchange account and buy some cryptocurrency, preferably a stablecoin. APE is paired to several stablecoins on multiple exchanges such as USDT, USDC, and BUSD.

Step 3:

With a stablecoin in your account, search for APE paired to the stablecoin in your account and make the purchase. Once the transaction is complete, it is best to move your APE tokens into a hardware wallet.

Best ApeCoin Wallets

As APE is an ERC-20 token, the best non-custodial wallet to use is MetaMask. This wallet allows you to link your wallet address to a hardware wallet such as the Ledger Wallet thereby making secure storage much easier. You can also store your APE tokens on the Trust Wallet or MyEtherWallet.

Is ApeCoin a Good Investment?

Making an ApeCoin investment is similar to taking a bet on the future success of Yuga Labs. At the moment, the company is valued at a $4 billion valuation yet it has barely been around for a year.

Regardless of what happens to the price of ApeCoin it appears likely that Yuga Labs will be around for years to come thanks to their upcoming metaverse game.

Conclusion: The BAYC of Tokens

NFTs are here to stay, and the APE ecosystem with its NFT collection and decentralized ecosystem is a sure bet for anyone looking to benefit from the future of a Web 3 enabled internet. As the excitement and hype around BAYC’s NFTs continue, various members of the club are already expanding the platform by customizing the NFTs they own in all sorts of ways. What’s more, Yuga Labs is partnering with various game studios to bring NFTs to life and expand the utility of their platform Bored Ape NFT holders.

ApeCoin Frequently Asked Questions

ApeCoin stands out for its decentralized governance structure. The token is built on an ecosystem controlled by token holders. Furthermore, with over 60% of the token supply being allocated to the ecosystem, APE token holders are bound to benefit from the community-driven initiatives that will come to the platform.

As an ERC-20 token, ApeCoin is secured through Ethereum’s blockchain network which currently uses a Proof of Work consensus protocol to publish new blocks of transactions to the distributed ledger.

ApeCoin is designed with a DAO form of government. Although Yuga Labs is the founding entity of the ApeCoin ecosystem and the Bored Ape Yacht Club NFT collection, the company will only serve as a community member in the ApeCoin DAO. APE token holders will be able to swap their APE tokens for NFTs in the BAYC NFT collection. At the moment, the APE Foundation is the main steward of ApeCoin and exists as a legal entity to administrate the decisions made in the ApeCoin DAO.

ApeCoin (APE) is listed on several exchanges including Binance, Coinbase Exchange, KuCoin, FTX, Uniswap, and to mention a few.

Yuga Labs plans to release a metaverse game where APE tokens will be used to facilitate transactions and the purchase of NFTs and other in-game collectibles.

Back To Top