Bored Ape Yacht Club has launched yesterday a new coin – ApeCoin, “a token for culture, gaming, and commerce”, as the creators explained. This new ApeCoin will be supported and governed by ApeCoinDAO, a newly formed decentralised autonomous organisation, not BAYC or Yuga Labs.

BAYC issued ApeCoin token with a drop for holders of their NFTs, with 15% of the total supply of ApeCoin made available to those who own an original Bored Ape or a Mutant Ape. For a monkey worth $250k at the current exchange rate, they offer $80k somewhere.

The only condition for membership in the ApeCoinDAO is holding ApeCoin. ApeCoinDAO exists to give Ape token holders a vote on fund allocations, governance rules, projects, partnerships, and beyond.


  • Anđelija Anđelić is an Italian language and lit major, and investigative journalist with a special interest in the crypto world and tech innovations. Exploring the ways our world is changing and bringing the freshest info is her passion.

Subscribe to
Crypto Ping Pong Digest

Trash style news. You will definitely like

Yellow background Yellow background
Subscribe and be in touch
Click here