Tokenomics :
-62%
ECOSYSTEM FUND
BAYC/MAYC NFT holders and treasury/resources
150,000,000 tokens to BAYC/MAYC
All unlocked for claim at launch
470,000,000 tokens to DAO treasury and resources
117,500,000 unlocked at launch, then 7,343,750 unlocked per month for 48 months
-16%*
YUGA LABS + CHARITY
The company behind BAYC and continuing contributor
*6.25% worth of Yuga Labs holdings are being donated to the Jane Goodall Legacy Foundation.
150,000,000 tokens to Yuga Labs
Initial lock-up 12 months, then 4,166,666.67 unlocked per month for 36 months
10,000,000 tokens or equal value donated to the Jane Goodall Legacy Foundation
Initial lock-up 12 months, then 277,777.78 tokens unlocked per month for 36 months
-14%
LAUNCH CONTRIBUTORS
The companies and people that helped make this project a reality
140,000,000 tokens to launch contributors. Lockup schedules vary by contributor but fall into one of the following:
• 10,000,000 tokens upfront, 25,000,000 after 6 months, 25,000,000 after 12 months, and 25,000,000 after 18 months
• Initial lock-up for 12 months, then 757,575.76 unlocked per month for 33 months
• Initial lock-up for 12 months, then 833,333.33 unlocked per month for 36 months
-8%
BAYC FOUNDERS
The ones who put the Ape in ApeCoin, the four founders of Yuga Labs and BAYC
80,000,000 tokens to founders of Yuga Labs
Initial lock-up for 12 months, then 2,222,222.22 unlocked per month for 36 months
Team :
Doxxed
Rewards :
0%
Social :
ApeCoin
Launch date :
17/03/2022
Presale date :
Supply : 1B Tokens
Blockchain : Ethereum
Description :
APECOIN IS FOR THE WEB3 ECONOMY.
Culture has found new expression in web3 through art, gaming, entertainment, and events. The possibilities for blockchain’s impact on culture are so endless that they can’t possibly all be predicted yet. APE is a token made to support what’s next, controlled and built on by the community. It will serve as a decentralized protocol layer for community-led initiatives that drive culture forward into the metaverse.
THE APE FOUNDATION
The APE Foundation is the steward of ApeCoin. It is not an overseer, but the base layer on which ApeCoin holders in the ApeCoin DAO can build.
The Foundation facilitates decentralized and community-led governance and is designed to become more decentralized over time. It is tasked with administering the decisions of the ApeCoin DAO, and is responsible for day-to-day administration, bookkeeping, project management, and other tasks that ensure the DAO community’s ideas have the support they need to become a reality.
The goal of the APE Foundation is to steward the growth and development of the APE ecosystem in a fair and inclusive way. It utilizes the Ecosystem Fund, which is controlled by a multisig wallet, to pay its expenses as directed by the ApeCoin DAO and provides an infrastructure for ApeCoin holders to collaborate through open and permissionless governance processes.
THE DAO
ApeCoin DAO exists because decentralized governance is critical to building and managing a globally dispersed community—and therefore critical to the success of the APE ecosystem.
The APE Improvement Proposal Process (see Governance) will allow ApeCoin DAO members to make decisions regarding Ecosystem Fund allocations, governance rules, projects, partnerships, and beyond. ApeCoin DAO membership is open to all ApeCoin holders.
THE BOARD
A special council on the APE Foundation (the DAO’s “Board”) provides, at the behest of the ApeCoin DAO members, oversight of the Foundation administrators. The purpose of the Board is to administer DAO proposals and serve the vision of the community. It meets on proposals requiring administrative review under ApeCoin DAO rules. The initial Board serves a term of six months, after which DAO members will vote annually on Board members.
APECOIN PROTOCOL
ApeCoin is an ERC-20 governance and utility token used within the APE ecosystem to empower a decentralized community building at the forefront of web3.
As the open-source protocol layer of the ecosystem, ApeCoin serves several purposes:
-Governance :
ApeCoin is the ecosystem’s governance token, allowing ApeCoin holders to participate in ApeCoin DAO.
-Unification of Spend :
ApeCoin is the ecosystem’s utility token, giving all its participants a shared and open currency that can be used without centralized intermediaries.
-Access :
ApeCoin provides access to certain parts of the ecosystem that are otherwise unavailable, such as exclusive games, merch, events, and services.
-Incentivization :
ApeCoin is a tool for third-party developers to participate in the ecosystem by incorporating APE into services, games, and other projects.
Road map :
(Yuga Labs Website) What happened when?
-April 23, 2021
The Bored Ape Yacht Club launched with a week-long pre-sale.The cost to mint a Bored Ape NFT was .08 ETH, or around $220 in USD at the time. About 500 apes were minted during the pre-sale.
-May 1, 2021
After a very slow week, the remaining Bored Apes (9,500 or so) were minted in one insane night. The collection sold out in the early morning of May 1st 2021. That night, BAYC was the most-used smart contract on the Ethereum network, flipping UniSwap.
Our Discord went from a totally dead place to the most hype place in crypto.
-May 9, 2021
BAYC LoFi Radio went live as a video first then as proper livestream on May 21st. To be totally honest, we were focused on other things in the roadmap and so the YT channel has shit the bed a couple times so that's why there are little views/comments lol.
-May 29, 2021
Our first merch drop sold out in 6 minutes. We packaged all the boxes ourselves…and vowed to get a fulfillment partner in the future.
-June 18, 2021
Bored Ape Kennel Club (BAKC) joined the BAYC family. Each owner of a Bored Ape was able to claim a companion dog NFT from the Bored Ape Kennel Club smart contract. The adoption drive was available for one week, and then closed forever. All proceeds generated from royalty fees in the first 6 weeks went to several animal charities, after which the secondary sale commission was set to zero.
-August 8th 2021
We celebrated the grand opening of the BAYC Riverboat Casino in Decentraland with play-money poker (powered by Decentral Games).
-August 21, 2021
We collaborated with The Hundreds on a merch drop of t-shirts, hoodies, and rugs.
-August 28, 2021
Mutant Ape Yacht Club (MAYC) launched. Each owner of a Bored Ape received a serum that could be used to mutate their Bored Ape into a Mutant Ape with corresponding traits. An additional 10,000 Mutant Ape NFTs were also made available in a public mint.
-September 9th, 2021
Sotheby's "Ape in !" auction of 101 Bored Apes and 101 BAKC Dogs went live. The hammer price of the Bored Ape lot was $24,393,000, with the BAKC lot going for $1,835,000.
-September 13, 2021
We launched an interactive treasure hunt just for BAYC members, who explored the inside and outside the clubhouse and solved puzzles left by a trouble-making monkey named Jimmy. We awarded 10 ETH, a Bored Ape, a BAKC dog, and a special pair of kicks made by RTFKT to the winner.
-September 17th, 2021
Apes, Mutants, and the broader NFT community at large suited up in celebration of Christie's "No Time Like the Present" auction in Hong Kong, which featured four Bored Apes in suits. Bored Ape #1401 sold for 5,000,000 HKD ($640k USD).
-October 31-November 6, 2021
We held the first APE FEST, a week of free members-only events. Members had access to an exclusive Halloween yacht party, art gallery and limited-edition merch pop up, among other perks. They kept the party going Wednesday evening with a celebratory concert at Brooklyn Steel featuring top musical acts and some cameos from well known comedians. Saturday, Ape and Mutant owners enjoyed one last hurrah with a charity dinner hosted at Carbone, one of NYC’s most celebrated restaurants. The auction raised close to $200,000.
-January 21, 2022
We went to battle. Bored Ape and Mutant Ape holders competed in the week-long BAYC x MAYC Mobile Game Competition. The top 1,000 scorers for each NFT collection were eligible for physical prizes, including a toy plushie, an artisan-made bong, a sewer-grate sculpture, a pinball machine, and a converted 2002 Honda Accord.
-Today
Yuga Labs has grown beyond the four founders to 40+ people. Our new CEO Nicole Muniz aka @VStrangeYUGA and CCO @pezYUGA (who were actually with us since almost the beginning) have joined our new COO @SodaOps and together are leading the team to expand the greater Yuga universe.
And we’re just getting started.
See you on the other side.
