ApeCoin is the famous NFT project, Bored Ape Yacht Club (BAYC)’s native token. It works as a utility and government token powering the APE ecosystem.

What is ApeCoin? 

  • ApeCoin is the native cryptocurrency of Bored Ape Yacht Club (BAYC), one of the most famous NFT projects. As an ERC-20 token run on Ethereum blockchain, it is secured by Ethereum’s proof-of-work (POW) consensus mechanism. 
  • It is used as a utility and government token within the APE ecosystem managed by the token holders via the decentralized governance framework, ApeCoin DAO.
  • As an open-source protocol layer of the ecosystem, ApeCoin serves several purposes which are Governance, Unification of Spend, Access, Incentivization.
  • ApeCoin is known as the token of culture, gaming, and commerce. The Yuga Labs, the creator of BAYC utilizes ApeCoin to empower a decentralized community at the vanguard of web3 development.

Key Metrics

Token NameApeCoin
Token Type/ProtocolERC-20
Total Token Supply1,000,000,000
Current Circulating Supply See Coinmarketcap
Market CapitalisationSee Coinmarketcap
Token Creation DateMarch 17, 2022
Can it be mined?No

Who is behind ApeCoin?

ApeCoin is supported by the APE foundation. The decentralized project is inspired by Yuga Labs’ Bored Ape Yacht Club project. ApeCoin is co-founded by a team of experienced businessmen and businesswomen in many fields, such as Alexis Ohanian, co-founder of Reddit, and Amy Wu, Head of Ventures & Gaming at FTX.

What is the purpose of ApeCoin?

The ApeCoin Dao was designed to build and fairly maintain the APE ecosystem. Moreover, it provides an infrastructure for ApeCoin holders for open and permissionless collaboration in the governance processes.   


  • ApeCoin holders are allowed to decide the platform’s direction. They have the right to vote on how the ApeCoin Dao ecosystem’s fund should be used starting by voting for the board or the APE foundation’s administrative council.
  • APE foundation board is responsible for the day-to-day administration, bookkeeping, project management, and other tasks that assist the Community.
  • The total supply of ApeCoin will not decrease or increase as it is fixed permanently through the contract interface which means there isn’t minting capability in the system.
  • Third-party developers can use the platform as a tool to participate in the ecosystem by incorporating ApeCoin into services, games, and other projects.
  • Bored Ape Yacht Club (BAYC), ApeCoin creator, is one of the most popular NFTs. Each NFT depicts a cartoon ape, complete with its own color scheme, facial expressions, and attire. Apparently, a great many people have been baffled as to how these NFTs can fetch such high rates.


  • Since ApeCoin is the token of the NFT project, BAYC, the price and demand of the token are fully dependent on the NFT project’s popularity. Even Though BAYC is famous, there are many more NFT projects arising in the NFT space currently which can turn out to be a threat to BAYC at all times. 
  • ApeCoin and BAYC have been facing several airdrop scams through Twitter accounts resulting in the loss of more than 1 million USD for victims.

News and Updates:

  • ApeCoin has been adding more than 1,700 new holders on average per day since its launch on March 17, 2022, surpassing the milestone of 40,000 holders by press time, according to Finbold on March 29.
  • In March 2022, Madonna, the iconic Hollywood singer, joined the metaverse and purchased over 560,000 USD of Bored Ape NFT. 
  • Snoop Dogg and Wiz Khalifa, two popular rappers, have launched their NFT music built around ApeCoin and BAYC resulting in APE price increase by more than 13 percent after the announcement. 

Community & Whitepaper Links:


All investments are speculative and involve substantial risk and uncertainty. Investors should understand the nature of digital assets including the terms of return and the risk of assets. We encourage investors to fully understand the assets and the risk associated with them prior to making any investment.

Read more

We offer investors a variety of opportunities in the digital assets industry. Our innovative platform provides access for anyone seeking investment returns anywhere, anytime. Our ecosystem aims at making finance an everyday enriching activity.


The Monetary Authority of Singapore ("MAS") requires us to provide this risk warning to you as a customer of Zipmex.

Before you pay Zipmex any money or DPT, you must be aware of the following.

  1. Zipmex is not currently licensed by MAS to provide DPT services. This means that you will not be able to recover all the money or DPTs you paid to Zipmex if Zipmex’s business fails.
  2. You should not transact in the DPT if you are not familiar with this DPT. This includes how the DPT is created, and how the DPT you intend to transact is transferred or held by Zipmex.
  3. You should be aware that the value of DPTs may fluctuate greatly. You should buy DPTs only if you are prepared to accept the risk of losing all of the money you put into such tokens.
  4. You should be aware that Zipmex may offer services related to DPTs which are promoted as having a stable value, commonly known as “stablecoin”.
  5. DPT held in your Hosted Wallet is not subject to the Singapore Deposit Insurance Scheme (“SDIC”) or any similar insurance or guaranty scheme of any other jurisdiction. In addition, funds stored in your Fiat Wallet do not benefit from the SDIC or any similar insurance or guaranty scheme of any other jurisdiction.

ZipUp+ products have not been approved by the Monetary Authority of Singapore (“MAS”) under the Payment Services Act 2019 and MAS has not reviewed or approved any features of these product offerings. Please review this link for the full terms and conditions and risk disclosure.