The evolution of the Ethereum Blockchain has come with various applications and developments ascribed to its functionality.
As the Ethereum blockchain has evolved, various applications have emerged as smart contracts, including Decentralized Finance platforms (DeFi), Decentralized exchanges (DEX), Non-fungible tokens (NFTs), GameFi platforms, among others.
All these have helped to transform the Ethereum ecosystem in a lot of ways. These projects have also increased market capitalization and user acceptance on a global scale.
A popular project built on Ethereum (ETH) that has made a massive impact in the market in recent times is APECoin.
APECoin has a market capitalization of over $10.8 billion, and it is ranked number 44 in the total available coins on Coinmarketcap and ranked number 47 on Coingecko respectively.
What is APECoin (APE)?
ApeCoin is an ERC-20 governance and utility token used within the APE ecosystem to empower a decentralized community by building at the forefront of web3 for its users.
The APECoin was developed with a culture that has found new expressions in web3 through the implementation of decentralized forms of art, gaming, entertainment, and events.
There are massive possibilities for blockchain’s impact, especially on culture, which are so endless that they can’t possibly all be conceived at the moment.
APE is indeed the token that was made to support what’s next. It is built and controlled by the community.
It will specifically serve as a decentralized protocol layer for community-led initiatives that drive culture forward into the metaverse.
Who created APECoin?
The APE Foundation is referred to as the stewards of ApeCoin.
The foundation’s responsibility is not to serve as an overseer, but to serve as the base layer on which the ApeCoin holders who form the decentralized autonomous organization (DAO) can build.
The Foundation is responsible for coordinating the decentralized community-led governance and overtime is designed to become more decentralized intuitively.
The foundation is also responsible for executing the decisions of the ApeCoin DAO, which includes the management of day-to-day administration, project management and evaluation, bookkeeping structures, and other tasks.
The goal of the APE Foundation is to steward the growth and development of the APE ecosystem in a fair and inclusive way.
The APE foundation utilizes the Ecosystem resources, which are controlled by a unique multisig wallet for the payment of its expenses as directed by the ApeCoin DAO.
It also provides an infrastructure for ApeCoin holders to collaborate through open and permissionless governance processes.
What is APE DAO?
Most projects in recent years have seen the need to create a decentralized governance structure to help mitigate the possibility of rug pulls and inconsistencies around products that are expected from the developers.
ApeCoin DAO, therefore, exists as a result of the decentralized governance that is critical to building and managing a globally dispersed community which is therefore critical to the success of the APE ecosystem.
Low & high APE
APECoin (APE) which was listed amongst all the major crypto exchanges on the 17th of March 2022 at $6.21, which coincidentally marks its all-time low and later got to its all-time high on the 18th of March 2022 at $17.17
The live APECoin price as of 7 April 2022 at the time of writing is $11.05 with a 24-hour trading volume of $529 million with a circulating supply of 277,500,000 APE tokens.
The Klever Exchange is now one of the best exchanges to trade APECoin (APE), such that users with a Klever Exchange account would simply log in using all our secured protocols to ensure the safety of the user funds.
Alternatively, if the user is new to the Klever Exchange, they can easily create their own accounts and have access to the Klever trading platform.
The user can simply fund their exchange accounts by transferring crypto (USDT) to the exchange account.
You can take the following steps:
- First deposit USDT to your Klever Exchange account.
You can deposit funds with QR Code or copy the address
- After sending USDT to the address, the funds will be deposited and transactions will be confirmed on the blockchain.
- Once you have USDT in your account, it is possible to trade or exchange it for APE within the Klever Exchange.
APE/USDT Trade Pair in KleverEx
However, the Klever Wallet enables users to purchase APECoin (APE) by using credit & debit cards through our integrated payment gateway partners, Simplex.com, Moonpay, and Mercuryo.
It is our desire at Klever to ensure that trading crypto is made simple and less complicated using the best technology in a secure manner for user safety and experience.