BREAKING: Bored Ape Yacht Club Release details On ApeCoin. Here's What We Know So Far:

The Bored Ape Yacht Club set Web 3 a blaze Wednesday afternoon as the club officially announced its highly anticipated Ape Coin.

“Here we go,” the BAYC casually wrote as it retweeted its Ape Coin announcement.

“APECOIN IS FOR THE WEB3 ECONOMY, the BAYC wrote on the front page of apecoin.com. “Culture has found new expression in web3 through art, gaming, entertainment, and events. The possibilities for blockchain’s impact on culture are so endless that they can’t possibly all be predicted yet. APE is a token made to support what’s next, controlled and built on by the community. It will serve as a decentralized protocol layer for community-led initiatives that drive culture forward into the metaverse.”

ApeCoin is an ERC-20 governance and utility token, according to the club and will serve several purposes including: Governance, Unification of Spend, Access, and Incentivization.

The total supply of ape coin is fixed at 1 billion tokens. Checkout the token allocation and lock up periods for each group below:

BAYC members will be allocated their tokens via the claim page on apecoin.com starting on March 17th, 2022 at 8:30 A.M. EST. Apes will have 90 days to claim their token post launch. You can find out how many tokens you’ll receive based on what you hold below:

This is a developing story. Stay tuned for more coverage on ApeCoin!