Since Wall Street Bets, Bored Ape and Degenerate Ape non-fungible tokens (NFT) stormed through the cryptocurrency world, people have seen an explosion in ape related memes. But as Ape NFTs continue to increase online, there’s one concept that people haven’t capitalized on—ape cryptocurrencies. That is until now, as a group of crypto enthusiasts and entrepreneurs create what they call the APE-X coin.
The APE-X Token is a concept that hasn’t been done properly yet as a cryptocurrency coin. APE-X hopes to start a new revolution in the cryptocurrency space by taking the infamous ape meme and taking off from the launchpad that is the dog-based meme concept. The crypto community has watched projects like DOGE coin and Shiba Inu skyrocket to stellar heights. In the NFT space, Bored Ape Yacht Club and Mutant Apes have also seen a moonshot-level rise. So taking these two concepts and merging them in one, APE-X hopes to create the next meme coin based on the degenerate ape genre.
The project’s founding team operates out of the belief that decentralized coins will continue to mold the future of finance. “We believe a cultural revolution is currently happening in finance,” shares a company representative. “People want to take their finances into their own hands and have the ability to access instruments with high investment potential. For the longest time, these opportunities were only for institutions and high net worth individuals.”
The APE-X coin currently trades at $0.000000617 per unit and has over $2 million in a market cap already given its 10 trillion supply. Of that limited supply, another 5.78 has already been burnt to ensure that demand stays hot. Once people collect the APE-X token contract, half of it will automatically get sold. The remaining half will then be paired with the sold half to add to the token’s liquidity pool and ensure coin longevity.
The crypto coin has a strong market appeal, given its concept. The ape identity has become synonymous with blockchain success as more projects within the same category flourish in other categories. More specifically, ape NFTs have been all the rave. Non-fungible tokens are another subset of blockchain technology that leverages art and community to give each crypto unit non-fungible value. It wasn’t until APE-X that a serious project crossed the ape concept into the cryptocurrency realm.
The APE-X coin appeals mainly to aggressive investors who want to enter into a potentially valuable coin early on. For the past few years, the early adopters have won big in the cryptocurrency race. However, the major winners have been those who enter young projects while their value is still low and watch it grow exponentially through time. APE-X hopes to provide that opportunity to its community.
As part of its launch campaign, the APE-X coin creators will also be launching a significant giveaway, which puts a Bored Ape Yacht Club NFT at stake. One lucky winner from the coin holding community will receive the NFT, which currently stands at an average floor price of $227,957.43.
Up to 3,800 investors have now invested in the coin, which the founders hope to grow with time continually. Learn more by visiting APE-X’s website.
Opinions expressed by CEO Weekly contributors are their own.