APE-X Crypto Coin Set to Award a Bored Ape Yacht Club NFT to One Lucky Winner

Cryptocurrencies have become a powerful community-building tool as of late. All the rewards and giveaways have also helped create these communities too as projects give away thousands of dollars at any given point. In recent reports, another new cryptocurrency called APE-X has made another historic offer after announcing that it would be giving away a free Bored Ape Yacht Club NFT.

APE-X is an ape-based meme coin inspired by dog-based meme concepts like Shiba Inu and DOGE coin. APE-X hopes to start a new revolution in the cryptocurrency space by taking the MemeFi (Meme Finance) concept to the next level. Thanks to the booming popularity and functionalities associated with decentralized finance, the crypto world has seen more projects rise to levels unheard of in finance. These projects include DOGE coin and Shiba Inu. The NFT space has also succeeded with more projects like Bored Ape Yacht Club and Mutant Apes. With these two concepts merged into one, APE-X hopes to create the next meme coin based on the degenerate ape genre.

Recently, APE-X has made crypto headlines after announcing a launch campaign that has driven people to its community doors in droves. As a result, the founding team behind the cryptocurrency will be rewarding a Bored Ape Yacht Club NFT to one lucky winner.

The founding team of the project started APE-X out of the belief that decentralized coins will continue to mold the future of finance. “We believe a cultural revolution is currently happening in finance,” shares a company representative. “People want to take their finances into their own hands and have the ability to access instruments with high investment potential. For the longest time, these opportunities were only for institutions and high net worth individuals.” Moreover, the team hopes to make the “MemeFi” category more popular online. “We love DeFi, but we often think it is too suit and tie, so we wanted something that was more fun and spoke to a broader audience,” adds the team.

APE-X offers a variety of DeFi primitives, including reflector rewards and staking/bonding, in a fun and meaningful way surrounding the ape meme. APE-X coin has an initial supply of 10 trillion coins, which is a more exclusive amount of coins than other cryptocurrency offers. Not only that but 5.78 trillion coins have already been burnt to ensure that demand stays hot. While APE-X tokens can be collected, they will get sold for BUSD. Half of the remaining tokens will then get paired with the sold half to add to liquidity and ensure longevity.

APE-X coin appeals to a niche but fast-growing number of aggressive investors who want to enter a potentially valuable coin early on. Cryptocurrencies are becoming increasingly more popular, and those who get in early have the potential to make a lot of money. APE-X is a new project that is still in its early stages, and those who invest now could see significant returns in the future.

They are also hosting a massive giveaway for a Bored Ape Yacht Club (BAYC) NFT to one lucky holder of the APE-X token. Full details are available on their website. The third phase is the part where the community votes for the initiatives to be undertaken in 2022.

To learn more, visit APE-X’s official website.

--

--

--

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

From Bitcoin to EOS, WAB Makes a Difference

Fintechs, Big Tech or Crypto Wallets — who will take Web3 mainstream first?

Introducing the next generation of Financial Ecosystem: KeplerSwap

The Degen’s Ape

Introducing CasaDAO

What is ERC-721?

100 Reasons to Believe in Bitcoin

Difinity Legend - A new cryptocurrency pop game that will design the market of digital assets and…

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Menachem Quintana

Menachem Quintana

More from Medium

How to get started in NFTs

Centaurify, Rocking the Metaverse

NFT: A Better Investment?

The MunchiesNFT Project Launch — Awesome Highlights You Don’t Want To Miss!