Ape holders can now lock their coins and start earning $DAM, which represents ownership of the Digital Art Movement’s top-tier NFT collection featuring hundreds of Bored Apes!
Nine months after the ApeCoin DAO voted to allocate 11 million $Ape to MachiBigBrother’s Digital Art Movement initiative, ApeCoin DAO contributors can get in on the action by locking their coins for a set period to earn $DAM tokens, becoming fractionalized owners of one of the best NFT collections in the Yugaverse, with 153 Bored Apes, 19 Mutant Apes, and other NFTs!
$Dam staking started on Blast and the Ethereum Mainnet on July 1st and 17 stakers have already locked 231,753.91 $Ape or $164,429.40 USD in the contract and are earning $DAM, according to the project’s website.

Everyone who holds $Ape is invited to lock their $Ape anytime between now and the end of $DAM’s five-year staking program.
In total, $Dam token has a total supply of 10 billion coins. Three billion $Dam will be distributed to $Ape holders who lock their coins anytime over the next five years and the remining seven billion $Dam tokens will be placed in the token’s treasury which $Dam holders will control, according to the project.

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