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Apecoin (APE) Surges Higher Following the Launch of Apechain: What Does it Means?
Date: Sun, Oct 20, 2024, 10:49 AM GMT
The crypto world was buzzing with excitement recently when Apecoin (APE), the cryptocurrency linked to the Bored Ape Yacht Club (BAYC) and its broader ecosystem, experienced an impressive surge of 65% in the last 24 hours, reaching $1.25.
Source: Coinmarketcap
This spike came hot on the heels of the much-anticipated launch of Apechain, a new blockchain network built on Arbitrum technology. Here's a breakdown of what this means for $APE holders and the broader crypto community.
What is Apechain?
Apechain isn't just another blockchain; it’s a specialized network designed to enhance the utility of Apecoin. Positioned as a Layer 3 solution, Apechain aims to offer faster transactions, lower fees, and a platform for developers to build apps directly integrated into the APE ecosystem.
Source: Apechain
This move is part of a broader strategy to make Apecoin more than just a governance token or a speculative asset, transforming it into a functional part of a thriving digital economy.
The launch also included an official cross-chain bridge, enabling users to move tokens like ETH and APE across multiple chains into Apechain.
Source: Apechain
With the mainnet launch, Apecoin is no longer just an ERC-20 token on the Ethereum network — it now operates on its own blockchain.
The Impact on Apecoin's Price
Following the launch of Apechain, Apecoin’s price rose dramatically. The market cap jumped from $565 million to a current $948 million in a single day. Here’s what fueled the surge:
Increased Utility:With Apechain, APE is now used as the native gas token for transactions, creating continuous demand. This reduces sell pressure and gives APE an essential role within the ecosystem.Boost in Investor Confidence:The Apechain launch wasn’t just a technical upgrade but a milestone event that improved market sentiment. Positive developments like this often attract new investors and signal long-term growth potential.
What Does This Mean for Investors and the Crypto Space?
For APE Holders:The price surge following the Apechain launch presents short-term gains, but the long-term value will depend on how well the network is adopted. If developers build successful applications, the sustained demand for APE could drive further growth.Now users can also bring their tokens to Apechain to start earning native yield on APE, ETH, and various stablecoins. This new yield-earning opportunity adds another layer of utility, incentivizing users to hold and participate actively in the ecosystem.For Crypto Enthusiasts:Apechain highlights the growing trend toward specialized blockchains and Layer 2 or 3 solutions that aim to improve scalability and cut costs. Other projects might follow this model, signaling a future where tokens are valued for their real utility, not just speculative interest.
Conclusion
The launch of Apechain and the subsequent surge in Apecoin’s price reflect a pivotal moment in the evolution of cryptocurrency ecosystems. It’s not just about creating a new token; it’s about building a sustainable, utility-driven environment.
For investors, this moment signals the importance of looking beyond price charts and focusing on real-world applications and community engagement to assess long-term value. As Apechain evolves, it will be fascinating to see how it influences the broader blockchain landscape and whether it sets a new standard for token utility.
Get more updates at: coinsprobe.com
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct thorough research before investing in cryptocurrencies.
#Apecoin #Apechain
The crypto world was buzzing with excitement recently when Apecoin (APE), the cryptocurrency linked to the Bored Ape Yacht Club (BAYC) and its broader ecosystem, experienced an impressive surge of 65% in the last 24 hours, reaching $1.25.
Source: Coinmarketcap
This spike came hot on the heels of the much-anticipated launch of Apechain, a new blockchain network built on Arbitrum technology. Here's a breakdown of what this means for $APE holders and the broader crypto community.
What is Apechain?
Apechain isn't just another blockchain; it’s a specialized network designed to enhance the utility of Apecoin. Positioned as a Layer 3 solution, Apechain aims to offer faster transactions, lower fees, and a platform for developers to build apps directly integrated into the APE ecosystem.
Source: Apechain
This move is part of a broader strategy to make Apecoin more than just a governance token or a speculative asset, transforming it into a functional part of a thriving digital economy.
The launch also included an official cross-chain bridge, enabling users to move tokens like ETH and APE across multiple chains into Apechain.
Source: Apechain
With the mainnet launch, Apecoin is no longer just an ERC-20 token on the Ethereum network — it now operates on its own blockchain.
The Impact on Apecoin's Price
Following the launch of Apechain, Apecoin’s price rose dramatically. The market cap jumped from $565 million to a current $948 million in a single day. Here’s what fueled the surge:
Increased Utility:With Apechain, APE is now used as the native gas token for transactions, creating continuous demand. This reduces sell pressure and gives APE an essential role within the ecosystem.Boost in Investor Confidence:The Apechain launch wasn’t just a technical upgrade but a milestone event that improved market sentiment. Positive developments like this often attract new investors and signal long-term growth potential.
What Does This Mean for Investors and the Crypto Space?
For APE Holders:The price surge following the Apechain launch presents short-term gains, but the long-term value will depend on how well the network is adopted. If developers build successful applications, the sustained demand for APE could drive further growth.Now users can also bring their tokens to Apechain to start earning native yield on APE, ETH, and various stablecoins. This new yield-earning opportunity adds another layer of utility, incentivizing users to hold and participate actively in the ecosystem.For Crypto Enthusiasts:Apechain highlights the growing trend toward specialized blockchains and Layer 2 or 3 solutions that aim to improve scalability and cut costs. Other projects might follow this model, signaling a future where tokens are valued for their real utility, not just speculative interest.
Conclusion
The launch of Apechain and the subsequent surge in Apecoin’s price reflect a pivotal moment in the evolution of cryptocurrency ecosystems. It’s not just about creating a new token; it’s about building a sustainable, utility-driven environment.
For investors, this moment signals the importance of looking beyond price charts and focusing on real-world applications and community engagement to assess long-term value. As Apechain evolves, it will be fascinating to see how it influences the broader blockchain landscape and whether it sets a new standard for token utility.
Get more updates at: coinsprobe.com
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct thorough research before investing in cryptocurrencies.
#Apecoin #Apechain
Why Is The ApeCoin Price Up 100% Today?
ApeCoin (APE), a fundamental asset within the Yuga Labs ecosystem, has witnessed a remarkable price surge of over 100% today. This increase in value is attributed to the recent launch of new technological advancements and incentive programs that will enhance user engagement and expand utility across its network.
ApeCoin Price Skyrockets Due to LayerZero Integration
ApeCoin has recently upgraded its smart contract to integrate with Layer Zero’s Omnichain Fungible Token (OFT) standard. This development allows APE to function as a utility and governance token and as the native gas on its blockchain, ApeChain.
More so, the integration ensures that APE can transfer across ApeChain, Ethereum, and Arbitrum. This sets a new standard for token interoperability and functionality.
Moreover, the introduction of a Native Yield mechanism, developed in collaboration with Decent.xyz, is another notable enhancement. It enables ApeCoin holders to automatically earn yields on their tokens without manual intervention.
This feature is the default for all externally owned accounts (EOAs), where yields accrued are added directly to the user’s balance with each new block.
Market Response and Liquidity Boost
The market has responded positively to these updates, with ApeCoin’s trading volume surging over 6,400% to reach $1.84 billion. The positive market response and ApeCoin price surge is reflected in its market cap, which has crossed the $1 billion mark increasing over 100% in 24 hours.
In addition, the liquidity on ApeChain has been boosted by the introduction of bridges that facilitate the migration of APE, ETH, and various stablecoins between networks. This capability has enhanced the fluidity of asset movement, attracting both developers and investors to the ecosystem.
Similarly, ApeChain’s performance since the update has been impressive, with over $25 million in volume traded within the first 12 hours.
#Apecoin #APE #MemeCoinTrending #WhichMemeCoin? #SCRSpotTradingOnBinance $APE $BTC $BNB
ApeCoin (APE), a fundamental asset within the Yuga Labs ecosystem, has witnessed a remarkable price surge of over 100% today. This increase in value is attributed to the recent launch of new technological advancements and incentive programs that will enhance user engagement and expand utility across its network.
ApeCoin Price Skyrockets Due to LayerZero Integration
ApeCoin has recently upgraded its smart contract to integrate with Layer Zero’s Omnichain Fungible Token (OFT) standard. This development allows APE to function as a utility and governance token and as the native gas on its blockchain, ApeChain.
More so, the integration ensures that APE can transfer across ApeChain, Ethereum, and Arbitrum. This sets a new standard for token interoperability and functionality.
Moreover, the introduction of a Native Yield mechanism, developed in collaboration with Decent.xyz, is another notable enhancement. It enables ApeCoin holders to automatically earn yields on their tokens without manual intervention.
This feature is the default for all externally owned accounts (EOAs), where yields accrued are added directly to the user’s balance with each new block.
Market Response and Liquidity Boost
The market has responded positively to these updates, with ApeCoin’s trading volume surging over 6,400% to reach $1.84 billion. The positive market response and ApeCoin price surge is reflected in its market cap, which has crossed the $1 billion mark increasing over 100% in 24 hours.
In addition, the liquidity on ApeChain has been boosted by the introduction of bridges that facilitate the migration of APE, ETH, and various stablecoins between networks. This capability has enhanced the fluidity of asset movement, attracting both developers and investors to the ecosystem.
Similarly, ApeChain’s performance since the update has been impressive, with over $25 million in volume traded within the first 12 hours.
#Apecoin #APE #MemeCoinTrending #WhichMemeCoin? #SCRSpotTradingOnBinance $APE $BTC $BNB
APE Bulls Push Higher, But Overbought Signals Hint at Imminent Pullback 📈
$APE has been on a remarkable rally, climbing from $1.022 to $1.244 in just five hours! But as we celebrate this bullish momentum, it's crucial to keep an eye on potential overbought conditions that could signal a pullback.
🔍 Key Insights:
- Support Levels: Watch for potential rebounds at $0.824, $0.779, and $0.763.
- Resistance Levels: The immediate resistance at $1.253 could be a pivotal point for traders.
- Technical Indicators: The EMA analysis shows a bullish trend, but the RSI indicates overbought territory, suggesting a cooling-off period may be needed.
💡 Trading Strategies:
- Long Setup: Consider entering if #APE pulls back to support levels and shows signs of a rebound.
- Short Setup: If the price fails to break above $1.253, a short position could be viable.
Stay informed and trade wisely! #Memecoins #Apecoin
$APE has been on a remarkable rally, climbing from $1.022 to $1.244 in just five hours! But as we celebrate this bullish momentum, it's crucial to keep an eye on potential overbought conditions that could signal a pullback.
🔍 Key Insights:
- Support Levels: Watch for potential rebounds at $0.824, $0.779, and $0.763.
- Resistance Levels: The immediate resistance at $1.253 could be a pivotal point for traders.
- Technical Indicators: The EMA analysis shows a bullish trend, but the RSI indicates overbought territory, suggesting a cooling-off period may be needed.
💡 Trading Strategies:
- Long Setup: Consider entering if #APE pulls back to support levels and shows signs of a rebound.
- Short Setup: If the price fails to break above $1.253, a short position could be viable.
Stay informed and trade wisely! #Memecoins #Apecoin
🚀 ApeCoin’s Surprise Surge: Is This the New Dawn for APE? 🦧
In the past 24 hours, $APE has soared by over 85%, capturing the crypto community's attention. This massive price jump comes on the heels of the ApeChain launch, the new blockchain platform that’s offering unique yield opportunities and reshaping the APE ecosystem. 🎉
🔗 Why is ApeChain Important?
The new ApeChain is driving engagement from traders and developers alike, leading to a significant boost in on-chain activity. As projects and users flock to the chain, APE is gaining momentum, signaling potential for further growth in the ecosystem. 🌐
📈 Is it Sustainable?
While the surge is exciting, caution is advised. A rally of this scale often invites profit-taking, especially from long-term holders. How well ApeCoin’s team manages expectations and continues delivering on promises will be crucial for its future performance.
🌟 Key Takeaway:
The launch of ApeChain is a major milestone, but it’s important to keep an eye on how the market reacts in the coming days. Could this be a temporary spike or the beginning of sustained growth for APE?
#Ape #ApeChain #Apecoin
In the past 24 hours, $APE has soared by over 85%, capturing the crypto community's attention. This massive price jump comes on the heels of the ApeChain launch, the new blockchain platform that’s offering unique yield opportunities and reshaping the APE ecosystem. 🎉
🔗 Why is ApeChain Important?
The new ApeChain is driving engagement from traders and developers alike, leading to a significant boost in on-chain activity. As projects and users flock to the chain, APE is gaining momentum, signaling potential for further growth in the ecosystem. 🌐
📈 Is it Sustainable?
While the surge is exciting, caution is advised. A rally of this scale often invites profit-taking, especially from long-term holders. How well ApeCoin’s team manages expectations and continues delivering on promises will be crucial for its future performance.
🌟 Key Takeaway:
The launch of ApeChain is a major milestone, but it’s important to keep an eye on how the market reacts in the coming days. Could this be a temporary spike or the beginning of sustained growth for APE?
#Ape #ApeChain #Apecoin
ApeCoin DAO Votes Against Introduction Of Two New NFT Collections
The ApeCoin Community has voted against the proposal to introduce two new NFT collections, namely Ape Coin Armory Club and Ape Coin Pet Club. The vote was conducted by the ApeCoin DAO, where the members of the community voted to either accept or reject the proposal.
The proposal suggested the creation of 20,000 NFTs for each of the collections, which were planned to be distributed for free among the crypto community. The estimated cost of the NFTs was calculated to be $168,000.
@azcoinnews
The ApeCoin Armory Club and Ape Coin Pet Club NFT collections were designed to be multi-link, allowing them to be connected to other NFT and metaverse projects such as Otherside, Decentraland, and The Sandbox. The proposal hinted at the possibility of seeing these NFTs in 3D worlds of other metaverse projects.
However, the proposal failed to garner enough support from the community. Out of the total votes cast, 83.99% of the voters rejected the proposal, while only 9.99% were in favor of it. This outcome reflects the diverse opinions within the ApeCoin community on the introduction of new NFT collections.
The images shared in the proposal showcased the NFTs featuring the ape logo on a shield and the pets that would have formed the Ape Coin Pet Club. The proposal also claimed that all of the NFTs from both collections were unique, with some having more rare features than others.
The ApeCoin DAO, the decentralized autonomous organization responsible for managing ApeCoin, is composed of the ApeCoin community members. The DAO is designed to ensure that the community has a say in the decision-making process related to the project’s development and growth.
In conclusion, while the proposal to introduce two new NFT collections has been rejected by the ApeCoin community, the vote demonstrates the importance of community engagement in the decision-making process. It also shows that the ApeCoin DAO is committed to ensuring that the community’s voice is heard and that all decisions are made with their best interests in mind.
#Apecoin #APE #nftcommunity #NFT #azcoinnews
This article was republished from azcoinnews.com
The proposal suggested the creation of 20,000 NFTs for each of the collections, which were planned to be distributed for free among the crypto community. The estimated cost of the NFTs was calculated to be $168,000.
@azcoinnews
The ApeCoin Armory Club and Ape Coin Pet Club NFT collections were designed to be multi-link, allowing them to be connected to other NFT and metaverse projects such as Otherside, Decentraland, and The Sandbox. The proposal hinted at the possibility of seeing these NFTs in 3D worlds of other metaverse projects.
However, the proposal failed to garner enough support from the community. Out of the total votes cast, 83.99% of the voters rejected the proposal, while only 9.99% were in favor of it. This outcome reflects the diverse opinions within the ApeCoin community on the introduction of new NFT collections.
The images shared in the proposal showcased the NFTs featuring the ape logo on a shield and the pets that would have formed the Ape Coin Pet Club. The proposal also claimed that all of the NFTs from both collections were unique, with some having more rare features than others.
The ApeCoin DAO, the decentralized autonomous organization responsible for managing ApeCoin, is composed of the ApeCoin community members. The DAO is designed to ensure that the community has a say in the decision-making process related to the project’s development and growth.
In conclusion, while the proposal to introduce two new NFT collections has been rejected by the ApeCoin community, the vote demonstrates the importance of community engagement in the decision-making process. It also shows that the ApeCoin DAO is committed to ensuring that the community’s voice is heard and that all decisions are made with their best interests in mind.
#Apecoin #APE #nftcommunity #NFT #azcoinnews
This article was republished from azcoinnews.com
APE Flipped WETH As The Most Traded Token Among Top ETH Whales
The well-known crypto whale tracking platform, WhaleStats, took to Twitter this morning to share some new data about the trading habits of some of the largest Ethereum (ETH) whales. According to the post, Apecoin (APE) has flipped WETH as the most traded token among the top 500 ETH whales.
CoinMarketCap indicates that APE is one of the many cryptocurrencies trading in the red after a very bearish past week. APE is currently trading hands at $4.26 after a 0.47% price decrease over the last day. APE was also able to reach a high of $4.24 and a low of $3.94 over the same time period.
Despite the drop in price, APE was still able to strengthen against Bitcoin (BTC) and Ethereum (ETH) by about 2.35% and 3.13% respectively. APE’s weekly performance has some worth to do in order to recover as the altcoin is in the red by more than 8% over the last week.
APE’s 24-hour trading volume is currently in the green zone and stands at $123,199,011 after a more than 21% increase since yesterday. In terms of market cap, APE stands at $1,533,184,687, which makes it the 38th biggest crypto in terms of market capitalization.
WETH also fell prey to the bearish week as the crypto is now worth about $1,752.46 after a 3.45% price decrease over the last 24 hours. The crypto did, however, reach a high of $1,818.34 over the same time period.
#APE #Apecoin #crypto2023
CoinMarketCap indicates that APE is one of the many cryptocurrencies trading in the red after a very bearish past week. APE is currently trading hands at $4.26 after a 0.47% price decrease over the last day. APE was also able to reach a high of $4.24 and a low of $3.94 over the same time period.
Despite the drop in price, APE was still able to strengthen against Bitcoin (BTC) and Ethereum (ETH) by about 2.35% and 3.13% respectively. APE’s weekly performance has some worth to do in order to recover as the altcoin is in the red by more than 8% over the last week.
APE’s 24-hour trading volume is currently in the green zone and stands at $123,199,011 after a more than 21% increase since yesterday. In terms of market cap, APE stands at $1,533,184,687, which makes it the 38th biggest crypto in terms of market capitalization.
WETH also fell prey to the bearish week as the crypto is now worth about $1,752.46 after a 3.45% price decrease over the last 24 hours. The crypto did, however, reach a high of $1,818.34 over the same time period.
#APE #Apecoin #crypto2023
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Top Cryptocurrency 2023-2024: Invest in the Future!
The cryptocurrency market continues to surprise us with the emergence of new, promising digital assets. If you want to be at the forefront of the financial revolution, here are the top coins to buy on Binance right now:
1. Apecoin ($APE ) is the token of the Bored Ape Yacht Club ecosystem, one of the most popular NFT projects. APE has seen rapid growth, increasing by 400% since listing on Binance.
2. Chiliz ($CHZ ) - cryptocurrency specializing in sports fan tokens. Its ecosystem is actively developing, and the CHZ token has grown by 200% in the last year.
3. Uniswap ($UNI ) is a leading decentralized exchange running on the Ethereum blockchain. Its UNI token remains one of the most promising DeFi assets, rising 150% since listing on Binance.
These cryptocurrencies prove that the market is constantly offering new opportunities for investors. They demonstrate that the future of finance lies in decentralization and innovation.
Don't delay - buy these promising assets today and become part of the crypto revolution!
#Криптовалюти #Apecoin #Chiliz #Uniswap #КриптоІнновації
The cryptocurrency market continues to surprise us with the emergence of new, promising digital assets. If you want to be at the forefront of the financial revolution, here are the top coins to buy on Binance right now:
1. Apecoin ($APE ) is the token of the Bored Ape Yacht Club ecosystem, one of the most popular NFT projects. APE has seen rapid growth, increasing by 400% since listing on Binance.
2. Chiliz ($CHZ ) - cryptocurrency specializing in sports fan tokens. Its ecosystem is actively developing, and the CHZ token has grown by 200% in the last year.
3. Uniswap ($UNI ) is a leading decentralized exchange running on the Ethereum blockchain. Its UNI token remains one of the most promising DeFi assets, rising 150% since listing on Binance.
These cryptocurrencies prove that the market is constantly offering new opportunities for investors. They demonstrate that the future of finance lies in decentralization and innovation.
Don't delay - buy these promising assets today and become part of the crypto revolution!
#Криптовалюти #Apecoin #Chiliz #Uniswap #КриптоІнновації
LIVETrustMeBro
--
Bullish
$APE Open long position now with 15x leverage
Target 1.68 , 1.7 , 1.75
This isn’t financial advice do your own research.
#Write2Earn #BTC #TrendingTopic #futuretrader #ape
Target 1.68 , 1.7 , 1.75
This isn’t financial advice do your own research.
#Write2Earn #BTC #TrendingTopic #futuretrader #ape
ApeCoin DAO Community Approves Bangkok Hotel Proposal
The ApeCoin community has given the green light to a proposal for establishing an ape-themed hotel in downtown Bangkok, Thailand. According to the approved plan, 50% of the revenue generated during the first year will be allocated to the ApeCoin treasury to support ongoing project development.
This decision follows a community vote on a proposal requesting 410,100 Ape tokens, equivalent to $3.6 million. The initiative aims to increase the exposure of the Bored Ape Yacht Club (BAYC) intellectual property (IP) and enhance the visibility and utility of ApeCoin.
A Fusion of Art, Hospitality, and Crypto
Known as AIP-444, the proposal received a 78.3% approval vote from the community. The hotel will feature ape-themed rooms named APE, Bored Ape Yacht Club (BAYC), Apechain, Otherwise, and Mocaverse. Upon completion, ApeCoin DAO will receive 50% of the room revenue.
“Our goal is to enhance the BAYC IP exposure, visibility, and utility of ApeCoin and generate actual revenue for ApeCoin DAO,” stated ApeCoin.
The proposed hotel will handle local compliance for the settlement of funds. In addition to the themed rooms, the hotel will offer a variety of activities, including ApeCoin-themed exhibitions, an Ape bar, an Ape swimming pool, and an MBA-themed exhibition area.
“This proposal combines IP application, the hotel industry, the arts, and the cryptocurrency field,” added ApeCoin. These elements are expected to promote ApeCoin, ApeChain, and the various Ape communities.
Exclusive Benefits for ApeCoin Holders
In addition to revenue, ApeCoin holders will enjoy exclusive benefits when using the hotel’s services, which is anticipated to strengthen the ApeCoin ecosystem and provide unique advantages to its community. The hotel will accept ApeCoin as payment for rooms and bar services. Benefits for ApeCoin holders include free access to the MBA exhibition area and complimentary use of the rooftop bar for events.
The hotel will also offer 50 free room nights to Ape holders. The establishment aims to foster community engagement by allowing ApeCoin members to host events every two months, enhancing connections within the community.
According to the proposal, the AIP team will manage event organization and venue setup at no extra cost. This development follows the July 16 launch of the ApeChain testnet by ApeCoin DAO. Earlier this year, the Ape community agreed to launch a layer-2 network on the Arbitrum network.
By integrating art, hospitality, and cryptocurrency, this innovative project aims to increase the prominence and utility of ApeCoin while offering tangible benefits to its holders.
$APE #Apecoin #crypto #cryptohotel
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
This decision follows a community vote on a proposal requesting 410,100 Ape tokens, equivalent to $3.6 million. The initiative aims to increase the exposure of the Bored Ape Yacht Club (BAYC) intellectual property (IP) and enhance the visibility and utility of ApeCoin.
A Fusion of Art, Hospitality, and Crypto
Known as AIP-444, the proposal received a 78.3% approval vote from the community. The hotel will feature ape-themed rooms named APE, Bored Ape Yacht Club (BAYC), Apechain, Otherwise, and Mocaverse. Upon completion, ApeCoin DAO will receive 50% of the room revenue.
“Our goal is to enhance the BAYC IP exposure, visibility, and utility of ApeCoin and generate actual revenue for ApeCoin DAO,” stated ApeCoin.
The proposed hotel will handle local compliance for the settlement of funds. In addition to the themed rooms, the hotel will offer a variety of activities, including ApeCoin-themed exhibitions, an Ape bar, an Ape swimming pool, and an MBA-themed exhibition area.
“This proposal combines IP application, the hotel industry, the arts, and the cryptocurrency field,” added ApeCoin. These elements are expected to promote ApeCoin, ApeChain, and the various Ape communities.
Exclusive Benefits for ApeCoin Holders
In addition to revenue, ApeCoin holders will enjoy exclusive benefits when using the hotel’s services, which is anticipated to strengthen the ApeCoin ecosystem and provide unique advantages to its community. The hotel will accept ApeCoin as payment for rooms and bar services. Benefits for ApeCoin holders include free access to the MBA exhibition area and complimentary use of the rooftop bar for events.
The hotel will also offer 50 free room nights to Ape holders. The establishment aims to foster community engagement by allowing ApeCoin members to host events every two months, enhancing connections within the community.
According to the proposal, the AIP team will manage event organization and venue setup at no extra cost. This development follows the July 16 launch of the ApeChain testnet by ApeCoin DAO. Earlier this year, the Ape community agreed to launch a layer-2 network on the Arbitrum network.
By integrating art, hospitality, and cryptocurrency, this innovative project aims to increase the prominence and utility of ApeCoin while offering tangible benefits to its holders.
$APE #Apecoin #crypto #cryptohotel
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
Pump Alart⛽⛽⛽
The second half of March will become the Alt season and Most of alt coins will break its all time high like
Filcoin
Apecoin
Grt
Avalanche
Buy #Ape buying price 2.12
Ape will pump 5.33 in next comming days..
So buy it #Apecoin pump is comming..
Remember its not a dump in market its a retest state so dont panic and dont sell your assets..
Be calm and cool becoz crypto market is a field of calm and cool mind decisions..
Market retest and start bullish again expectedly on monday 2nd half of March will interesting...
Buy #Apecoin becoz 3 major events comming and surely price will pump ape is calm before storm..
Stay Blessed and Profitable
#HotTrends #AltseasonAhead
The second half of March will become the Alt season and Most of alt coins will break its all time high like
Filcoin
Apecoin
Grt
Avalanche
Buy #Ape buying price 2.12
Ape will pump 5.33 in next comming days..
So buy it #Apecoin pump is comming..
Remember its not a dump in market its a retest state so dont panic and dont sell your assets..
Be calm and cool becoz crypto market is a field of calm and cool mind decisions..
Market retest and start bullish again expectedly on monday 2nd half of March will interesting...
Buy #Apecoin becoz 3 major events comming and surely price will pump ape is calm before storm..
Stay Blessed and Profitable
#HotTrends #AltseasonAhead
ApeCoin Community Plans to Launch ApeChain on Arbitrum
The group managing ApeCoin, a decentralized autonomous organization (DAO), has decided to create ApeChain, a gaming-focused platform, on Arbitrum. Arbitrum is a popular Ethereum scaling solution.
Cryptos Headlines Token Airdrop Is Live, Claim 5000 CHT Token Free On CryptosHeadlinesToken.com
ApeChain will operate as a Layer 3 network and will be controlled by Ape holders. Additionally, the Ape token will serve as a means to pay for transaction fees on the platform.
ApeCoin DAO Chooses Arbitrum for ApeChain Infrastructure
Steven Goldfeder, co-founder of Offchain Labs, expressed their commitment to supporting the ApeCoin DAO in realizing its vision for ApeChain by providing the necessary infrastructure.
The announcement led to a 5% surge in APE token value, offering a welcomed break for a token that had been experiencing a consistent downtrend since its launch almost two years ago. Over the past week, APE has seen a 16% increase in value.
Last month, the ApeCoin DAO embarked on a mission to develop its dedicated blockchain, aiming to boost efficiency and lower transaction costs within the APE ecosystem. Gas fees on the Ethereum mainnet had posed adoption challenges for ApeCoin, which operates as an ERC-20 token.
After considering proposals to build ApeChain on various platforms, including Arbitrum, Optimism, and skSync, the DAO settled on AIP-378, a collaborative proposal by Horizen Labs and Offchain Labs.
Cryptos Headlines Token Airdrop Is Live, Claim 5000 CHT Token Free On CryptosHeadlinesToken.com
ApeChain will be developed on Arbitrum Orbit, a platform allowing the creation of customized Layer 3 appchains atop Arbitrum’s One and Nova Layer 2 network. The high throughput capabilities of Orbit chains align with the DAO’s vision of establishing a Web3 gaming platform.
Furthermore, the ApeChain roadmap includes plans to implement APE as an omnichain fungible token (OFT) powered by LayerZero, providing the token with cross-chain functionality.
Controversy Surrounds ApeChain Proposal Outcome
Despite the passing of AIP-379 with slightly over half the votes in favor, many community members expressed dissatisfaction with the result, particularly due to the significant influence of Horizen Labs, the primary author of the winning proposal.
Some community members, like Bunny, sarcastically congratulated Horizen Labs for essentially voting for themselves and securing victory in the Ape Chain proposal.
Others went further, accusing the upper ranks of the DAO of engaging in self-serving actions, raising concerns about potential conflicts of interest.
Horizen Labs’ involvement in developing APE staking had previously drawn criticism for its execution, adding to the discontent surrounding its significant influence in the ApeChain proposal.
Despite the outcome, supporters of the competing A-Team, which received 11% of the votes, remain committed to their plan to develop an Optimism-based solution, potentially leading to the existence of two competing ApeChains in the future.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
#Apecoin #apechain #Arbitrum #Bitcoin #Altcoin
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ApeChain will operate as a Layer 3 network and will be controlled by Ape holders. Additionally, the Ape token will serve as a means to pay for transaction fees on the platform.
ApeCoin DAO Chooses Arbitrum for ApeChain Infrastructure
Steven Goldfeder, co-founder of Offchain Labs, expressed their commitment to supporting the ApeCoin DAO in realizing its vision for ApeChain by providing the necessary infrastructure.
The announcement led to a 5% surge in APE token value, offering a welcomed break for a token that had been experiencing a consistent downtrend since its launch almost two years ago. Over the past week, APE has seen a 16% increase in value.
Last month, the ApeCoin DAO embarked on a mission to develop its dedicated blockchain, aiming to boost efficiency and lower transaction costs within the APE ecosystem. Gas fees on the Ethereum mainnet had posed adoption challenges for ApeCoin, which operates as an ERC-20 token.
After considering proposals to build ApeChain on various platforms, including Arbitrum, Optimism, and skSync, the DAO settled on AIP-378, a collaborative proposal by Horizen Labs and Offchain Labs.
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ApeChain will be developed on Arbitrum Orbit, a platform allowing the creation of customized Layer 3 appchains atop Arbitrum’s One and Nova Layer 2 network. The high throughput capabilities of Orbit chains align with the DAO’s vision of establishing a Web3 gaming platform.
Furthermore, the ApeChain roadmap includes plans to implement APE as an omnichain fungible token (OFT) powered by LayerZero, providing the token with cross-chain functionality.
Controversy Surrounds ApeChain Proposal Outcome
Despite the passing of AIP-379 with slightly over half the votes in favor, many community members expressed dissatisfaction with the result, particularly due to the significant influence of Horizen Labs, the primary author of the winning proposal.
Some community members, like Bunny, sarcastically congratulated Horizen Labs for essentially voting for themselves and securing victory in the Ape Chain proposal.
Others went further, accusing the upper ranks of the DAO of engaging in self-serving actions, raising concerns about potential conflicts of interest.
Horizen Labs’ involvement in developing APE staking had previously drawn criticism for its execution, adding to the discontent surrounding its significant influence in the ApeChain proposal.
Despite the outcome, supporters of the competing A-Team, which received 11% of the votes, remain committed to their plan to develop an Optimism-based solution, potentially leading to the existence of two competing ApeChains in the future.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
#Apecoin #apechain #Arbitrum #Bitcoin #Altcoin
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ApeCoin (APE) Ready for Ascension
I came across #Apecoin while searching for a few remaining projects in recent times when many cryptocurrency projects have achieved significant rises. Although #APE is on the rise, it seems to be lagging behind compared to others. For this reason, it may be among the projects when the money flow can occur. The first target is seen as 1.78 levels. In case of withdrawals, 1.30 levels can be evaluated for buying.
What is Apecoin (APE)? What are its features?
ApeCoin (APE) is a utility token belonging to the ApeCoin community, which owns the #BoredApeYachtClub ( #BAYC ) and Mutant Ape Yacht Club NFT collections. It is based on ERC-20. ApeCoin was launched by Yuga Labs on March 17, 2022. Managed by DAO, ApeCoin is decentralized and backed by the APE Foundation. The APE ecosystem includes the Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) community, two of the most popular NFT collections on the #Ethereum blockchain.
What is Apecoin (APE)? What are its features?
ApeCoin (APE) is a utility token belonging to the ApeCoin community, which owns the #BoredApeYachtClub ( #BAYC ) and Mutant Ape Yacht Club NFT collections. It is based on ERC-20. ApeCoin was launched by Yuga Labs on March 17, 2022. Managed by DAO, ApeCoin is decentralized and backed by the APE Foundation. The APE ecosystem includes the Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) community, two of the most popular NFT collections on the #Ethereum blockchain.
