ApeCoin (APE), the primary token of the Yuga Labs ecosystem, is an ERC-20 token built on the Ethereum Blockchain. It serves as the governance token for ApeDAO and is utilized as a currency within the metaverse. APE is not your typical animal-themed memecoin; it holds significant value and is accepted by luxury brands in the real world. ApeCoin DAO, a community-led organization, plays a crucial role in supporting developers and contributing to the growth of the ecosystem.
So, what exactly is Apecoin (APE)? ApeCoin is a token that emerged from the vibrant NFT universe and is the core token of the Yuga Labs ecosystem. It was distributed via AirDrop to Bored Ape Yacht Club (BAYC), Mutant Ape Yacht Club (MAYC), and Bored Ape Kennel Club (BAKC) NFT holders, making it the governance token for the entire Ape ecosystem. APE holders have the power to vote on system improvements and the direction of ApeDAO, the governing body of the Yuga Labs universe. Additionally, APE is used as a metaverse currency within the expanding Yuga Labs economy, facilitating transactions in Otherside, the metaverse of the Ape ecosystem.
But ApeCoin’s reach extends beyond the digital realm. It is accepted by renowned luxury brands like Gucci and Tag Heuer, showcasing its integration into mainstream retail. In the Web3 space, APE is utilized in various decentralized applications (dApps) and play-to-earn games such as Animoca Brands’ Benji Bananas. Holding APE tokens also grants access to exclusive events, AirDrops, and community benefits.
Yuga Labs, founded in early 2021, gained widespread acclaim with the success of its Ethereum-based Bored Ape Yacht Club NFTs. These unique hand-drawn apes became highly sought after, with prices soaring and celebrity endorsements amplifying their popularity. The company expanded its NFT empire with Mutant Ape Yacht Club and Bored Ape Kennel Club, solidifying its dominance in the NFT market by acquiring the CryptoPunks collection from Larva Labs. Yuga Labs further ventured into virtual real estate with Otherside, a digital playground for Ape ecosystem members. APE serves as the primary currency in Otherside, envisioning a cohesive digital economy hosting future ApeCoin DAO events and experiences.
ApeCoin DAO, a community-led organization, is a separate entity dedicated to the growth of the Bored Ape NFT world. It manages its treasury and ecosystem fund, providing support to developers in creating valuable products and services for ApeCoin. APE token holders and DAO members actively participate in critical decision-making processes through structured proposals, shaping the token’s future. The Ape Foundation, at the heart of ApeCoin DAO, oversees and executes these decisions. Leading figures in the crypto world, including Reddit Co-Founder Alexis Ohanian and Animoca Brands CEO Yat Siu, guide ApeDAO, ensuring the realization of the Ape ecosystem’s vision.
Now, let’s delve into how to buy Apecoin (APE) with TRY. Binance TR is the ideal cryptocurrency exchange for Turkish investors looking to purchase Apecoin (APE). With Binance TR, you can buy and sell over 100 cryptocurrencies, including APE. Creating an account on Binance TR is a straightforward process. Simply visit trbinance.com and follow the “Create Account” steps. You’ll need to provide basic information such as your email address, phone number, name, date of birth, nationality, and T.C. identity number. Once you’ve entered the required information accurately, you’ll undergo email/sms verification to confirm your details. The next step is identity verification (KYC), a crucial security procedure that must be completed before engaging in cryptocurrency trading.
To verify your account on Binance TR, visit the Binance TR website and click on the “Profile” option. From the drop-down menu, select “Identity Verification and Limits” and click on “Verify.” You’ll need to scan the QR code that appears using your phone’s camera and continue the process on your phone. If you can’t scan the QR code, you can click “Copy URL” to receive the identity verification address via SMS. Follow the instructions on your phone to complete the verification process, which includes selecting the appropriate document type, uploading photos of the document, and taking a selfie.
Once your account is verified, you can deposit Turkish Lira (TL) into your Binance TR account. Binance TR supports deposits from various banks, including Vakıfbank, Ziraat Bankası, İş Bankası, Akbank, Fibabanka, Şekerbank, and Türkiye Finans. You can deposit TL 24/7 and make uninterrupted transactions. Deposits from other banks over 50,000 TL are processed during EFT hours. To deposit money into your Binance TR account, go to trbinance.com, hover over the “Wallet” option, and select “Deposit.” Choose your preferred bank and use the provided account name and IBAN address to make a transfer.
After completing the deposit process, you can proceed to buy APE Coin with TL on Binance TR. Click on the “Buy-Sell” option in the top left menu on the Binance TR website. Type “APE” in the search section to find the APE/TRY trading pair. Enter the desired price and quantity of APE you want to buy, then click the “Buy APE” button to complete the purchase.
Binance TR, established in 2020, is the official platform of Binance specifically designed for cryptocurrency investors in Turkey. Leveraging Binance’s technology, security measures, and liquidity, Binance TR offers both fiat-to-crypto and crypto-to-crypto trading services. Users in Turkey can deposit and withdraw Turkish Lira (TRY) directly through bank channels and trade various cryptocurrencies with TRY trading pairs. Binance TR provides market-leading spot trading liquidity, a powerful matching engine, advanced security protocols, custody solutions, and risk controls.
Please note that the information provided in this article does not constitute investment advice. Cryptocurrencies are highly volatile, and investors should conduct their own research and be aware of the associated risks.
