# Introduction to ApeCoin (APE)

By [rared](https://paragraph.com/@rared) · 2024-10-14

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ApeCoin is an ERC-20 governance and utility token designed to empower a decentralized community within the APE ecosystem, which is at the forefront of web3 innovation. Here are some key aspects of ApeCoin:

*   **Governance**: ApeCoin acts as the ecosystem's governance token, allowing holders to participate in the ApeCoin DAO, which is a decentralized autonomous organization.
    
*   **Utility**: It serves as a utility token, providing a shared and open currency for all participants in the ecosystem, eliminating the need for centralized intermediaries.
    
*   **Access**: Holding ApeCoin can grant you access to exclusive parts of the ecosystem, such as special games, merchandise, events, and services.
    
*   **Incentivization**: It also serves as a tool for third-party developers to engage with the ecosystem by integrating APE into their services, games, and other projects.
    

As of now, ApeCoin has a market cap of $485,820,201 and ranks 156th in terms of market cap. The fully diluted valuation of ApeCoin stands at $720,112,478.

**Introduction to ApeCoin (APE):**

ApeCoin is an ERC-20 governance and utility token designed to support the APE ecosystem, which is at the forefront of web3 innovation. It serves multiple purposes:

*   **Governance:** APE holders can participate in the ApeCoin DAO, influencing the future of the ecosystem.
    
*   **Unification of Spend:** It acts as a shared currency within the ecosystem, eliminating the need for centralized intermediaries.
    
*   **Access:** APE provides access to exclusive games, merchandise, events, and services within the ecosystem.
    
*   **Incentivization:** Third-party developers can integrate APE into their services, games, and projects, enhancing the ecosystem.
    

**Social Media Links:**

For more information, you can visit the [official website](https://apecoin.com/) or follow ApeCoin on [Twitter](https://twitter.com/apecoin).

**Token Price and Holder Information:**

*   **Current Price:** $0.75
    
*   **Market Cap Ranking:** 152
    
*   **24-hour Trading Volume:** 93,412,193
    
*   **Number of Holders:** 153,642
    

**Token Narrative:**

APE is part of several categories, including the Andreessen Horowitz (a16z) Portfolio, NFT, Gaming (GameFi), and more. These categories have seen various increases over the past week.

**Token Distribution:**

*   **Centralized Exchange:** 13.06%
    
*   **Large Holders:** 57.29%
    
*   **Mid-Level Holders:** 2.23%
    
*   **Project/Smart Contracts:** 21.40%
    

**Market Stats:**

APE is listed on exchanges like LBank, WhiteBIT, and Binance. You can also trade APE on Uniswap, where the current liquidity is 457,392.37.

**Token Unlocking:**

The next unlocking event for APE tokens is scheduled for October 17, 2024, with 15,601,326 APE being unlocked, valued at $11,275,515.14. The last unlocking occurred on September 17, 2024, with a similar amount unlocked, leading to a 3.29% price drop the following day.

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*Originally published on [rared](https://paragraph.com/@rared/introduction-to-apecoin-ape)*