What is APE
ApeCoin is the ERC-20 governance and utility token used within the APE Ecosystem, allowing token holders to participate in the ApeCoin DAO, gain access to exclusive ecosystem services, games, events, and items. ApeCoin was first airdropped to Bored Ape Yacht Club (BAYC) NFT holders by parent company Yuga Labs. BAYC is a decentralized Web 3.0 community of token holders and fans of the popular non-fungible token series featuring 10,000 unique Apes minted on the Ethereum blockchain. ApeCoin will initially be used as an in-game token for Yuga Labs adventure mobile game Benji Bananas.