For those of you who have been following the BAYC for some time, you will have known that they are not new to high value airdrops. Indeed, both the Mutant Ape Yacht Club and the Bored Ape Kennel Club were because of airdrops to the Bored Ape Holders.
However, these were NFT airdrops which meant that they weren’t easily accessible to the broader crypto market. That is why Yuga labs made it clear towards the end of last year that they would like to create a governance token that is fungible.
It was long speculated and with that Apecoin airdrop, it was confirmed.
This was perhaps one of the most valuable airdrops to date and this has elicited some strong feelings in the community – positive and negative.
Despite being a recipient of some of the airdrop, I did think it was constructive to take an impartial deeper dive into the token itself to see whether it really was worth it.
So, today I will be examining the underlying structure of Apecoin. Who controls it, what purpose it serves, its underlying tokenomics and its broader distribution concentration.
I will be analysing both its long-term potential as well as the criticism that it appears to have garnered in the crypto space.
So, if you hold APE, were considering “aping” in, or are even just interested in understanding what it’s all about – then this is a vid I wouldn’t miss.
⛓️ 🔗 Useful Links 🔗 ⛓️
Introduction To ApeCoin: https://decrypt.co/95398/apecoin-what…
ApeCoin, A Token For Culture And Commerce: https://twitter.com/apecoin/status/15…
Why Is ApeCoin Skyrocketing: https://www.fool.com/investing/2022/0…
Is Yuga Labs The Amazon of NFTs: https://news.artnet.com/news-pro/bore…
The Secret Project By Yuga Labs And Animoca Brands. Powered By ApeCoin: https://twitter.com/yugalabs/status/1…
What Does Yuga Labs’ Pitch Deck Tell Us: https://nftevening.com/what-weve-lear…
ApeCoin DAO: https://apecoin.com
ApeCoin DAO Governance Structure: https://apecoin.com/governance
📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.