ApeCoin (APE) is a utility and governance token of the APE ecosystem, which was created on top of the Bored Ape Yacht Club NFT Collection.

ApeCoin is a cryptocurrency that is associated with the Bored Ape Yacht Club (BAYC) and is used within a metaverse ecosystem created by Yuga Labs. APE, which is an ERC-20 governance and utility token, is the primary currency within the ApeCoin ecosystem.

One of the primary uses of APE is governance. APE holders can participate in the ApeCoin DAO, which is a decentralized governance framework that will vote on proposals to allocate the Ecosystem Fund. The DAO allows APE holders to have a say in the development and direction of the ecosystem.

Another utility of APE is access. APE can be used to gain access to certain parts of the ecosystem, such as exclusive games, merchandise, events, and services. This gives APE holders unique opportunities and benefits within the ecosystem.

Finally, APE is used for incentivization. Third-party developers can integrate APE into their services, games, and other projects as a way to incentivize users to participate in the ApeCoin ecosystem. This helps to drive adoption of the ApeCoin platform and increases its overall utility.

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