ApeCoin Officially Launched; Optimism Completes $150 Million Series B Financing

ApeCoin (APE), a token associated with the Bored Ape Yacht Club (BYAC) NFT ecosystem, was officially launched. ApeCoin is a token for culture, gaming, and commerce to build decentralized communities at the forefront of Web3.
ApeCoin is owned and operated by ApeCoin DAO, a decentralized organization. Each token holder can vote on the governance and use of the ecosystem fund. Holding ApeCoin is the only requirement for ApeCoin DAO membership. This DAO is supported by the Ape Foundation, which was created to act as the legal steward of ApeCoin and manage decisions made by the ApeCoin DAO community.

The total supply of ApeCoin is 1 billion tokens, of which 62% will be allocated to the ApeCoin community, and the airdrop, which accounts for 15% of the total supply, will start to be claimed at 8:30 ET on March 17th. Airdrops will be offered to BAYC/MAYC NFT holders (Bored Apes and Mutant Apes, and BAKC dogs paired with BAYC or MAYC). Those who hold only 1 Bored Ape NFT can receive 10094 APEs; those who hold only Mutant Ape can receive 2042; those who hold both Bored Ape and Kennel Club can receive 10950 hold both Mutant Ape and Kennel Club can receive 2898 pieces.