I personally F*CK with ApeCoin as they have designed a well-structured, hype-based community to generate and promote long-term ecosystem growth and sustainability.
The total supply of ApeCoin is fixed at 1 billion tokens, with no minting or burning capabilities within the contract, neither increasing nor decreasing the token ensuring stability.
The distribution of ApeCoin is divided into four main groups:
- 62% allocated to the Ecosystem Fund for BAYC/MAYC NFT holders, treasury, and resources.
- 16% to Yuga Labs and charity.
- 14% to launch contributors.
- 8% to BAYC founders.
A portion of the tokens for contributors will be initially locked, with locked tokens unlocking over a period of 48 months. The unlock schedule encourages long-term commitment from contributors and mitigates potential market manipulation. With transparent allocation and lock-up scheduled for various stakeholders reflect's the project commitment and responsibility with the token distribution.
NFT holders of BAYC, MAYC and BAKC can also claim ApeCoin which incentivises their NFT investment and expands their opportunity to immerse themselves in other projects within the ecosystem.
Solid token in my opinion, excited to see what the future holds for their ecosystem. Show Less
