Bored Ape Yacht Club Apecoin Crypto Token

Launched in April of 2021, the Bored Ape Yacht Club collection has become the most valuable NFT project by market cap. An expansion into cryptocurrency makes perfect sense, and that's exactly what's coming with the launch of Apecoin. Going by the ticker APE, it will be independent of BAYC parent Yuga Labs, instead governed by a decentralized autonomous organization (DAO), which will be overseen by the APE Foundation. 1 billion tokens will be minted in total, with 9.75% going to Yuga Labs, 14% to launch contributors, 8% to Yuga's founders, and 15% to current Bored Ape and Mutant Ape NFT holders. 47% will be released to the general public over time, and 6.25% will be donated to the Jane Goodall Legacy Foundation aimed at preserving chimp habitats.

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