Token

Standard

ApeCoin

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/apecoin-set-for-major-token-release-stakeholders-share-breakdown">ApeCoin Set for Major Token Release: Stakeholders’ Share Breakdown</a><br></p>
<p style="text-align: justify"> ApeCoin (APE), a prominent player in the <a href="https://en.bitcoinhaber.net/investor-confidence-rises-in-volatile-assets-after-fomc-meeting">cryptocurrency</a> market, is on the verge of releasing a substantial amount of tokens valued at approximately $24.49 million, representing 2.61% of its intended one billion token supply. This move is designed to bolster APE’s market presence and catalyze further growth and user adoption within the expansive crypto ecosystem. </p> 
<h2 id="apecoin-s-token-distribution-detailed">ApeCoin’s Token Distribution Detailed</h2> 
<p style="text-align: justify"> On February 17th, at 03:00 AM Turkish Standard Time, ApeCoin will unlock 15.6 million APE tokens. This distribution will benefit various stakeholders including the ApeCoin Treasury, which will receive 7.34 million tokens, Yuga Labs with 4.17 million tokens, and the founder of Yuga Labs, who is set to receive 2.22 million tokens. These allocations represent 1.23%, 0.70%, and 0.37% of the circulating supply respectively. </p> 
<p style="text-align: justify"> Launch Participants 3 are set to receive 833 thousand APE tokens, while Launch Participants 2 will get 757 thousand tokens, totaling 0.14% and 0.13% of the circulating supply. Additionally, charities are slated to receive a smaller portion of 277 thousand tokens, which equates to 0.05% of the circulating supply. </p> 
<h2 id="market-watch-ape-token-unlock-s-consequences">Market Watch: APE Token Unlock’s Consequences</h2> 
<p style="text-align: justify"> The release of a large number of tokens is a critical event for any altcoin, often viewed as a sign of the project’s dedication to transparency and continuous development. By increasing the available liquidity and broadening the scope of its ecosystem, APE expects to attract additional engagement from both new and existing participants in the market. </p> 
<p style="text-align: justify"> The upcoming unlock has caught the attention of the investment community, with many watching to see how it will influence APE’s market value. Historically, substantial token unlocks can put downward pressure on a coin’s price, especially if market demand doesn’t rise to absorb the new supply.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/apecoin-set-for-major-token-release-stakeholders-share-breakdown">ApeCoin Set for Major Token Release: Stakeholders’ Share Breakdown</a></h5>

ApeCoin Set for Major Token Release: Stakeholders’ Share Breakdown

Table of Contents

BH NEWS

Other articles published on Feb 16, 2024

Kadena SpireKey Integrates with WebAuthn to Provide Seamless Web3 Interactions (16 Feb)

Shift To Crypto: 401K Market Poised To Enter Bitcoin ETFs, Standard Chartered Analyst Says

Why Missing Out on Pushd (PUSHD) Could Be a Bigger Risk Than Sticking with Avalanche (AVAX) or Li...

XRP ETF: Jupiter Backtracks on Bet Over Compliance Woes

BitMEX’s Arthur Hayes leads $14M investment in USDe

Asset manager Jupiter can’t invest in crypto ETFs – Here is why

Join our free newsletter for daily crypto updates!