What is ApeCoin (APE)? How Does It Work?

BtcTurk | Global
1 min readApr 28, 2022

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APE is a decentralized project inspired by Yuga Labs’ Bored Ape Yacht Club project. Bored Ape Yacht Club is an NFT collection built on the Ethereum blockchain. The APE project is supported by the APE Foundation.

How Does ApeCoin (APE) Work?

ApeCoin (APE) is a utility token that strengthens the community structure of the APE ecosystem. APE is an ERC-20 based token on the Ethereum blockchain. The ApeCoin cannot be mined, and its total supply is set at 1 billion.

APE serves the governance purposes of the Bored Yacht Club, which means that ApeCoin holders have the right to vote in the DAO. Additionally, they can access exclusive features and services such as products, games, events, etc.

How to Store ApeCoin (APE)?

The decentralized utility token ApeCoin is generated on the Ethereum blockchain. You can manage your APE balances by using desktop, mobile and hardware wallets that support ERC-20 based Ethereum assets.

How to Buy and Sell ApeCoin (APE)?

You can use BtcTurk | PRO website or BtcTurk | PRO mobile application to buy and sell ApeCoin with Turkish Lira and Tether. If you do not have an account on BtcTurk, you can register immediately by visiting our website or mobile application and get ApeCoin (APE) by sending Turkish Lira 24/7 with 7 different contracted banks.

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