1. What is AppCoin? ApeCoin is an ERC-20 governance and utility token used within the APE ecosystem to empower and incentivize a decentralized community at the forefront of web3. ApeCoin holders self-govern through the decentralized governance framework that controls the ApeCoin DAO and vote on how to use the ApeCoin DAO Ecosystem Fund. The APE Foundation manages the proposals agreed upon by ApeCoin holders. Who are the founders of ApeCoin? ApeCoin is a decentralized project inspired by Yuga Labs' Bored Ape Yacht Club project. ApeCoin was founded for use within the burgeoning APE ecosystem, which is supported by the APE Foundation. ApeCoin DAO aims to build and maintain the APE ecosystem in a fair and inclusive manner by providing an infrastructure for ApeCoin holders to collaborate through open and permissionless governance processes. A board of directors within the APE Foundation (the "Board") will carry out the decisions of the ApeCoin DAO members. The Council is responsible for day-to-day administration, accounting, project management, and other tasks that ensure the community's ideas have the support they need to become reality. ApeCoin DAO members vote for Board members. 3. What makes ApeCoin unique? ApeCoin is the governance token of the APE ecosystem, allowing token holders to participate in the ApeCoin DAO and offering its participants an open and shared currency that can be used without centralized intermediaries. 62% of all ApeCoins were awarded to the Ecosystem Fund, which will support community-led initiatives as voted by ApeCoin DAO members. ApeCoin also provides access to some otherwise unavailable parts of the ecosystem, such as exclusive games and services. For third-party developers, ApeCoin is a tool to participate in the ecosystem by embedding ApeCoin in services, games, and other projects. The APE Foundation received a 1-in-1 NFT from Yuga Labs, the creators of Bored Ape Yacht Club. Yuga Labs has assigned all rights and privileges to this NFT and its underlying artwork to the APE Foundation. ApeCoin DAO members can decide how to use this intellectual property. 4. How many ApeCoins are in circulation? The total supply of ApeCoin is permanently set at one billion tokens, all minted at once. On launch day, March 17, 2022, 30.25% will be in circulation. This percentage will increase continuously after launch day at regular intervals for a period of 48 months. The amount of ApeCoins in circulation is a dynamic number that will constantly change due to both the aforementioned planning and myriad market factors. How is the ApeCoin network protected? ApeCoin is an ERC-20 token released on the Ethereum blockchain. As a result, it is secured by Ethereum's proof-of-work (POW) consent mechanism. Where can you buy ApeCoin? ApeCoin is available to trade on numerous exchange platforms, including decentralized exchanges like SushiSwap and the best centralized exchanges.