What is the issuance and circulation of APENFT?

APENFT, a TRC-20 token used for NFT rewards, governance, and purchases, is distributed via ecosystem reserve release, market availability on exchanges, and scheduled airdrops.

Nov 01, 2024 at 12:25 am

Issuance and Circulation of APENFT

1. Issuance

Total Supply: 1,000,000,000,000 APENFT
Initial Distribution:
- Giveaway: 100,000,000,000 APENFT
- Ecosystem Reserve: 300,000,000,000 APENFT
- Foundation Reserve: 200,000,000,000 APENFT
- Team Reserve: 200,000,000,000 APENFT
- Advisors Reserve: 40,000,000,000 APENFT
- Community Airdrop: 60,000,000,000 APENFT

2. Circulation

APENFT is a TRC-20 token that is primarily used to:
- Reward content creators: Users who create, collect, and curate NFTs on APENFT's platform will be rewarded with APENFT.
- Govern the APENFT DAO: APENFT holders can participate in the governance of the APENFT ecosystem by proposing, voting, and executing proposals.
- Purchase NFTs: APENFT can be used to purchase NFTs from the APENFT Marketplace.
- Stake APENFT: APENFT holders can stake their tokens to earn rewards and gain voting power.

3. Distribution Schedule

The initial distribution of APENFT occurred on February 28, 2021.
The release of the remaining APENFT from the Ecosystem Reserve is scheduled as follows:
- 20% released monthly for the first 10 months
- 10% released monthly thereafter until fully distributed

4. Market Availability

APENFT is listed on major cryptocurrency exchanges, including Binance, FTX, and Huobi.
It can be traded against various fiat currencies (USD, EUR, etc.) and other cryptocurrencies (BTC, ETH, etc.).

5. Price and Market Performance

The price of APENFT has fluctuated significantly since its launch.
It reached an all-time high of $0.001999 on September 3, 2021, and an all-time low of $0.0001491 on May 12, 2022.
The current price of APENFT is around $0.0001656, as of August 16, 2023.

Conclusion

APENFT is a widely distributed token with a variety of use cases. Its circulation is regulated through a controlled release schedule, ensuring a steady supply and increasing its liquidity and value. As the NFT market continues to expand, APENFT is well-positioned to play a significant role in the ecosystem.

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