ApeCoin is an ERC-20 governance and utility token used within the APE ecosystem to empower a decentralized community that is developing at the cutting edge of web 3. aThe popular non-fungible token (NFT) project Bored Ape Yacht Club (BAYC), developed by Yuga Labs, will now use ApeCoin as its main token for all new goods and services it launches. These are NFTs that are built on the Ethereum network.  Animoca Brands' Benji Bananas video game will also accept ApeCoin as payment. ApeCoin fulfills a number of functions as the ecosystem's open-source protocol layer. Governance is one purpose. The ecosystem's governance token is called ApeCoin, and holders of that currency can take part in the ApeCoin DAO (decentralized autonomous organization). The unification of spend is another goal of ApeCoin. The ecosystem's utility token, ApeCoin, provides all of its users with a common and open currency that can be used without centralized intermediaries. Another goal of ApeCoin is access. ApeCoin gives users access to specific ecosystem components that are otherwise inaccessible This includes premium games, merchandise, events, and services. Finally, ApeCoin is used as incentivization . Third-party developers can use ApeCoin as a tool to engage with the ecosystem by integrating APE into their services, games, and other projects.

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