Bored Ape Holders Received ApeCoin for Being Part of the Club

Bored Ape Yacht Club (BAYC) introduces ApeCoin ($APE), the latest token launched just yesterday to be the “primary token” for the Yuga Labs and Animoca Brands play-to-earn video games.

Introducing ApeCoin ($APE), a token for culture, gaming, and commerce used to empower a decentralized community building at the forefront of web3. 🧵

— ApeCoin (@apecoin) March 16, 2022

The BAYC releases the token as an incentive for Bored Ape NFT holders—a present for being one of their members in their exclusive club.

Screenshot Image of ApeCoin Website https://apecoin.com/

The ApeCoin will be the support system for what’s next, controlled, and built on by the community. APE will be the heart of community-led initiatives as a decentralized protocol layer as it heads to the metaverse.

Sources

• Bored Ape NFT holders to receive ApeCoin — ‘The Dogecoin of NFTs’