What is the issue price of ApeCoin?

ApeCoin's issue price was determined by factors like total supply and market dynamics, influenced by expectations for the project and the value of its backing BAYC and MAYC NFTs.

Nov 20, 2024 at 08:10 am

What is the Issue Price of ApeCoin?

ApeCoin (APE) is an ERC-20 governance and utility token that powers the APE ecosystem, a decentralized community focused on culture, gaming, and entertainment. It was launched in March 2022 through an airdrop to holders of the Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) non-fungible token (NFT) collections.

The issue price of ApeCoin was initially determined through a combination of factors, including the total supply of tokens and the perceived value of the project at its launch. The following steps provide a comprehensive overview of the process:

1. Total Supply of ApeCoin

The total supply of ApeCoin is capped at 1 billion tokens. Of this, 15% was allocated to Yuga Labs, the creators of the BAYC and MAYC collections. The remaining 85% was distributed to the BAYC and MAYC holders through an airdrop.

2. Initial Distribution

The initial distribution of ApeCoin was conducted through an airdrop to BAYC and MAYC holders. BAYC holders received 10,094 APE tokens per NFT, while MAYC holders received 2,042 APE tokens per NFT. This distribution was based on the number of BAYC and MAYC NFTs held by each wallet at the time of the snapshot.

3. Initial Price Speculation

Upon its launch, there was significant speculation surrounding the potential value of ApeCoin. The initial price of APE was primarily driven by expectations about the project's future potential, as well as the perceived value of the BAYC and MAYC NFT collections.

4. Market Dynamics

The initial price of ApeCoin was also influenced by market dynamics at the time of its launch. The broader cryptocurrency market was experiencing significant volatility, which impacted the price of APE and other cryptocurrencies.

5. Public Listing

ApeCoin was subsequently listed on several major cryptocurrency exchanges, which allowed it to be traded by a wider range of investors. The public listing further influenced the price of APE, as it provided additional liquidity and access to the token.

6. Current Price

The current price of ApeCoin is determined by the balance of supply and demand in the market. The price fluctuates based on factors such as market sentiment, news and updates from the APE ecosystem, and overall cryptocurrency market conditions.

Please note that the information provided above is for informational purposes only and should not be construed as financial advice. Always do your own research before making any investment decisions.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Fear & Greed Index

Trade Now

Biggest Gainers

A8

$0.3349

250.52%

Trade Now
SOS

$0.2900

141.53%

Trade Now
RED

$0.8302

44.07%

Trade Now
APU

$0.0...01886

39.72%

Trade Now
ZRO

$2.5020

29.49%

Trade Now
QUBIC

$0.0...01290

27.34%

Trade Now

Latest Crypto News

🚀 $USTC Breakout in Full Swing – Bulls Targeting $0.015
2025-03-16 11:30:55
Here are some advanced price predictions for Pepe Coin (PEPE) in 2030 from various sources:
2025-03-16 11:25:55
How Donald Trump Turned Cryptocurrency Into a Pyramid Scheme
2025-03-16 11:25:55
Dogecoin miners have unloaded 65 million icons in the last 48 hours
2025-03-16 11:25:55
BNB's Recent Performance Shows Promising Signs
2025-03-16 11:25:55
As its pre-sale moves forward quickly - the third stage token price is $0.02
2025-03-16 11:25:55

Related knowledge

What is Ethereum’s Slashing mechanism and how to punish malicious behavior?

Feb 20,2025 at 03:08am

Key PointsOverview of slashingDifferent types of slashing in EthereumIncentives and consequences of slashingIdentifying and reporting slashed validatorsOngoing discussions and potential improvementsEthereum's Slashing Mechanism: Punishing Malicious BehaviorEthereum's slashing mechanism is an essential tool for ensuring network security and punishing mal...

What is the verifier node of Ethereum and how to become a verifier?

Feb 19,2025 at 06:00pm

The Verifier Node of Ethereum: A Comprehensive GuideKey Points:What is a Verifier Node?How to Become a Verifier NodeResponsibilities and Rewards of a Verifier NodeMinimum Requirements for Becoming a Verifier NodePotential Difficulties in Running a Verifier Node1. What is a Verifier Node?A Verifier Node is an independent entity on the Ethereum network th...

What is Ethereum’s staking, and how to participate and earn money?

Feb 19,2025 at 04:37pm

Key Points:Understanding Ethereum's Staking MechanismSteps to Participate in StakingBenefits and Rewards of StakingSecurity and Risk ConsiderationsTechnical Requirements and Hardware OptionsPotential Challenges and Troubleshooting TipsFAQs on Ethereum StakingWhat is Ethereum's Staking?Proof-of-Stake (PoS) is a consensus mechanism used in blockchain netw...

What is Ethereum’s DAO (Decentralized Autonomous Organization) and how does it work?

Feb 20,2025 at 03:12am

Key PointsDefinition and Structure of a DAOGovernance and Decision-Making in DAOsBenefits and Use Cases of DAOsChallenges and Limitations of DAOsWhat is Ethereum's DAO (Decentralized Autonomous Organization) and How Does It Work?Definition and Structure of a DAOA Decentralized Autonomous Organization (DAO) is an innovative governance and management fram...

What is Ethereum's multi-signature wallet and how to improve security?

Feb 20,2025 at 02:18pm

Key Points:Understanding the Concept of a Multi-Signature WalletBenefits and Drawbacks of Multisig WalletsRequirements for Setting Up a Multisig WalletStep-by-Step Guide to Generating a Multisig WalletImplementing Strategies for Enhanced Security1. Understanding the Concept of a Multi-Signature WalletA multi-signature (multisig) wallet in the Ethereum e...

What is Ethereum's oracle and how to provide data for smart contracts?

Feb 21,2025 at 01:30am

Key Points:Understanding the concept of oracles in EthereumExploring different types of oraclesDetailed guide on how to provide data for smart contractsAddressing potential challenges and considerationsWhat is Ethereum's Oracle?Oracles are crucial components in the Ethereum ecosystem, enabling smart contracts to access real-world data and off-chain even...