# Introduction to ApeCoin (APE)

**Published by:** [rared](https://paragraph.com/@rared/)
**Published on:** 2024-10-14
**URL:** https://paragraph.com/@rared/introduction-to-apecoin-ape

## Content

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 or follow ApeCoin on Twitter. Token Price and Holder Information:Current Price: $0.75Market Cap Ranking: 15224-hour Trading Volume: 93,412,193Number of Holders: 153,642Token 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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