Decomposing the $APE coin drop

The background

  • Mutant Ape Yacht Club (MAYC): 20k NFTs that are considered a separate NFT collection.
  • Bored Ape Kennel Club (BAKC): 10K NFTs that were issued to the owners of BAYC. These NFTs have no utility unless you hold a BAYC or MAYC.

What is $APE coin?

Token issuance & distribution

Motivation for the $APE coin

A return of up to ~1,900x for BAYC and MAYC holders

Raising >$900 million

Governance? Debatable.

Expanding the ecosystem

To close

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