How to buy ApeCoin (APE) by BAYC

How to buy ApeCoin (APE) by BAYC

Alysha Jane
Fact Checked
Jul 20, 2022

Summary: The best way to buy ApeCoin (APE) by Yuga Labs is through the FTX trading platform. They offer spot and leverage trading for APE coin with low fees starting at 0.1% per trade.

Table of Contents

Platform Highlights

How to buy ApeCoin (APE) 

ApeCoin (APE) is the official utility token for the Bored Ape Yacht Club (BAYC) NFT collection. It was airdropped to BAYC NFT holders and went live on the 17th of March, quickly gaining a $10 billion valuation.

If you are looking to buy ApeCoin on a secondary exchange, we recommend FTX for the easiest onboarding and lowest fees. You can follow the guide below to get started:

  1. Sign up to FTX Exchange
  2. Deposit stablecoins or fiat (USD, AUD, EUR, GBP + many others)
  3. Find the ‘APE’ coin listed in Spot Markets
  4. Execute your trade
Buy ApeCoin on FTX
Buying ApeCoin with 10x leverage on FTX.

What is ApeCoin by Bored Ape Yacht Club

ApeCoin is an ERC-20 token that was deployed on the Ethereum network that is designed to be the governance token for the Bored Ape Yacht Club community. The ApeCoin tokens will ultimately govern the ApeCoin DAO, which is responsible for managing the success of the Bored Ape ecosystem.

The tokens will enable holders to vote on important proposals to try and drive more value to the community.

What is ApeCoin
ApeCoin DAO website.

ApeCoin Tokenomics

There were 150 Million ApeCoin tokens minted that are claimable by BAYC and MAYC NFT holders. This represents 15% of the total supply of all ApeCoins available on the market (1 Billion). 

There is another 24.2% of ApeCoin’s set aside as an ‘Ecosystem Fund’, which APE token holders can vote on to deploy on various ventures.

ApeCoin Price

With recent listings on Binance and FTX, the price and marketcap of ApeCoin has soared. You can view the live ApeCoin (APE) price in USD below.

Alysha Jane

I am a Finance graduate and market analyst that enjoys researching and writing about digital assets and how they intersect with Macro.

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