Going with APE as the ticker symbol, Bored Ape Yacht Club’s new crypto coin is sure to attract attention. Governed by the APE foundation, a DAO (decentralized autonomous organization), APE will be independent of Bored Ape Yacht Club parent Yuga Labs.
47% of a billion tokens will be made available to the public, eventually. Meanwhile, 15% will be given to current Bored Ape and Mutant Ape NFT holders.
The coin hype has subsided a bit but APE is still likely to garner a ton of attention and perhaps an ensuing price spike, even if it’s ultimate value has doubters.