A special council on the APE Foundation (the DAO’s “Board”) provides, at the behest of the ApeCoin DAO members, oversight of the Foundation administrators. The purpose of the Board is to administer DAO proposals and serve the vision of the community. It meets on proposals requiring administrative review under ApeCoin DAO rules. The initial Board serves a term of six months, after which DAO members will vote annually on Board members. The total supply of ApeCoin is permanently fixed at 1 billion tokens, all minted at once. The token also exists to incentivize third-party developers to participate in the APE ecosystem by building applications that incorporate ApeCoin.

1. Once the transaction is confirmed, Binance will credit the crypto.
2. While only the “geeks” and “nerds” were initially interested in it, it has since become the go-to place for the new generation across the globe.
3. Popular ones in this category are web-based, mobile, and desktop wallets.
4. Alternatively, investors can create an account by inserting a username, email address, and a strong, unique password.
5. This section provides detailed steps for investors to get started.

ApeCoin Markets

Please include your full name in your bank transfer’s Reference/Remark section. Your bank account name must match the name registered to your Binance account. After https://cryptolisting.org/ transferring your crypto Binance account, hover over the Trade menu at the top menubar and click on Binance Convert, where you can convert your crypto to APE.

Step 4: Securely store your ApeCoin in your personal wallet

Let’s take a look at the requirements to open an account on a crypto exchange. ApeCoin (APE) is a utility and governance token that was created to empower the community surrounding the APE ecosystem, which was built on the back of the Bored Ape Yacht Club (BAYC). Select Apple Pay or Google Pay as the payment method after choosing APE to Buy.

Types of Cryptocurrency Exchanges

Beginners would have no problem moving around its interface to buy and sell cryptocurrencies. Although the broker takes a while to verify users’ identities, traders should complete the verification process in an hour or less. However, while deposits are free on eToro, Binance charges certain fees for fiat deposits on the platform. For instance, if an investor makes a deposit of $100 on eToro using a debit card, they’ll be credited with the full amount. Most customers use Binance for its litany of crypto assets and low trading fees. Binance is the largest cryptocurrency exchange by daily trading volumes.

Newbie traders will love its well-laid-out platform, quick signup process, and ease of executing trades. EToro is a multi-asset brokerage platform and our overall best exchange to buy cryptocurrencies. Although it began as a hotbed for stock and exchange-traded funds (ETFs), its crypto offering is also top-notch. Cryptocurrency experts typically advise investors against leaving funds on a centralized exchange because exchange bankruptcies can lead to a complete loss of assets held with the company. Finally, make sure to transfer your APE tokens from the exchange to your personal, non-custodial crypto wallet that supports ApeCoin. By securing your tokens in your own wallet as opposed to on an exchange, you can avoid losing your assets in case of an exchange bankruptcy or a hack.

In the payment method section, if you just created your Binance account, add the card details you will use to purchase APE. After funding the account with fiat currency, it will be stored as your cash balance on the Binance account. Using the deposited fiat currency, you can now buy crypto using the buy crypto with Cash Balance tool. The above screenshot shows an example of placing a limit order to buy Apecoin using BNB.

As shown above, buy Apecoin immediately with your preferred fiat currency! You will get an estimated price of APE based on the currency of choice, and you enter the desired the illusory nature of momentum profits amount of APE to buy and confirm the order. If the deposited amount exceeds your daily limit, Binance will divide the total payment based on your maximum daily limit.

The smart contract governing the DAO states that there is no more minting capacity; hence the total number of APE tokens is capped at 1 billion. The tokens can’t be burnt to manipulate the price, so the token supply will neither increase nor decrease at any point in the future. Yuga Labs, the company behind Bored Ape Yacht Club, has built a huge community of enthusiasts through events and airdropping new NFTs to its members, etc. Some of the other NFT projects under the umbrella of Yuga Labs are Mutant Apes, CryptoPunks, Bored Ape Kennel Club, Meebits, etc.