The price of the APE token increased by over 52% in the last 7 days. Currently, the token trades at around $21 with a market cap of over $6 billion. This makes APE the largest metaverse token as it has got ahead of MANA, SAND, GMT, and others.
ApeCoin was launched on March 18 by the blockchain technology company Yuga Labs which stands behind the development of the NFT collection Bored Ape Yacht Club. APE is the governance and utility token of the BAYC ecosystem. BAYC presents 10,000 unique bored ape artworks.
The community has been hard at work proposing new ideas in the form of AIPs to guide the direction of the DAO. Read below for a quick update on where some AIPs are at in the process and how as a holder of ApeCoin (and therefore a DAO member) you can participate. 🧵(1/5)— ApeCoin (@apecoin) April 28, 2022
APE token holders participate in governance decisions through ApeCoin DAO (decentralized autonomous organization).Recently, ApeCoin tweeted that the community has been actively proposing new ideas in the form of APE Improvement Proposals (AIPs) to guide the direction of the DAO.