ApeCoin (APE)

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Web3.0 governance token, used in ApeCoin DAO voting mechanism. The ApeCoin DAO members can decide how this intellectual property is used. Whoever holds this coin — controls the ongoing development of the chain, and receives % from the stake size. 

62% of all ApeCoin was allocated to the Ecosystem Fund, which will support community-driven initiatives as voted on by ApeCoin DAO members. Yuga Labs has conveyed all rights and privileges to this NFT and its underlying artwork to the APE Foundation.

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