In this report, we will be discussing how Crypto Ape works and answer how ApeCoin stands out in the crypto market. Furthermore, I will lead you through the maze to demonstrate the characteristics that make it unique from the plethora of Altcoins available today.
What Is Crypto APE?
First of all, the Ape coin was founded by Yuga Labs, and built on the Ethereum (ETH) blockchain. The creators also founded The Bored Ape Yacht Club, an NFT collection that has been on a super trend in web 3 circles. Furthermore, the NFTs created by the Board Ape Yacht Club have turned into a Billion dollar ecosystem. These NFTs have intern-created value for the Crypto Ape Coin.
The Crypto Ape coin is a digital asset that you can use as a means of payment on different platforms. It is also a primary currency in several web 3.0 games existing on the Metaverse.
The security measures employed in the Apecoin community are some of the best in the crypto world. Thus, I present the basics of the Ape coin, followed by an explanation of the unique features that make it stand out in a sea of cryptocurrency coins.
How Crypto Ape is Unique?
Decentralized Peer-to-Peer Network
Crypto ape coin has no central authority or body controlling it and this makes it decentralized. No one has control over your money. As such, the stakeholders control all governance.
Regular and Fair Distribution
Crypto ape coin is one of the fairest cryptocurrencies which is widely distributed. Approximately, 80% of all transaction fees are distributed among the community of those who are holding the ape coin. The remaining 20% is for developers, investors, team members, and marketing purposes. Small businesses like cafes, retail shops, or ecommerce sites can get set up to accept ApeCoin as a means of payment.
Low Transactions Fee
There are very low fees for crypto ape coin transactions due to the high volume and irregularity of ape transactions. Consequently, Crypto Ape is a very affordable cryptocurrency. The Ape coin transaction fee is low because there are so many users in the market using this currency as means of payment.
Global Acceptance
Crypto Ape coin is one of the most popular Altcoin currencies in the crypto world because it has worldwide usability and acceptance. As such, more and more people are looking to this cryptocurrency as a long-term investment for passive income.
Strict Data Security Policy
The Ape coin boasts a strict data security policy that is designed to protect your personal information such as your name, address, phone number, etc. As a user, you have full control over access to your personal information. However, you have the option to share your info when and if you like. In the case that you lose access to your personal information then no one can access your information.
Advantages of Investing in Crypto Ape.
Most Popular Collectible NFT.
Crypto Ape is a well-known, popular NFT collection. As a result, there are many retail investors, Influences, celebrities, Traders, etc. looking to buy this extremely popular collection. However, as you would guess, there is not just one ape collection in the world of Crypto. Interestingly, it is the first collectible NFT in the history of the crypto world that has many other collections linked to it.
Highest Dividend Paying Coin
Crypto Ape Coin also has some of the highest dividends in the market. Meaning, if you keep your coins you will get paid handsomely simply for holding them. This is a fantastic way for you to generate passive income from your Ape coins forever.
Ethereum Blockchain
Crypto Ape Uses the Ethereum blockchain with a Smart Contract and that makes the Crypto Ape coin secure. Ethereum is both the most widely used and secure blockchain in the world. As a result, Crypto Ape enjoys a significant boast to its utility value.
Low Transaction Fee
Crypto ape has a low transaction fee, making it affordable to the people who use it as a payment system. Hence, users love how easily you can pay your bills or buy any goods with the Crypto Ape Coin.
Quick Withdrawal Process
When you want to withdraw your crypto ape coin, you will be able to do it very quickly. There is minimum to no withdrawal waiting periods.
You will find few to no restrictions when using this cryptocurrency. Crypto ape coin is used almost anywhere in the world by anyone who wants to experience its benefits. There are very few cryptocurrencies that have such a well-rounded array of attractive features. For that reason, the coin is now one of the most powerful Altcoins in the world.
Supports DApps
Apecoin supports custom-made Dapps which you can create. The apps created on the platform can only be used by those who have ApeCoins. Dapps are increasingly popular on the platform. With this in mind, many users have started creating Dapps as a way to generate passive income.
Upcoming ApeCoin Improvements.
The project team is planning to add many new plans to increase its utility and functionality. Ape Coin plans to add a lot of new Dapps and a new trading platform. Their goal is to help make the user experience simpler and easier to use.
You will find Apecoin listed on numerous exchanges. Some of them are:
- Coinbase
- Binance
- Bittrex
Apecoin allows holders to get passive income just by staking the coins. As a holder, you are rewarded with 20% of the profit. In particular, profits are distributed among the Crypto Ape Coin holders. As more people partner with ApeCoin then more dividends will be generated and shared with stakeholders. This is just one of the many reasons that this cryptocurrency is a popular investment for long-term stability.
Many people are staking their ape coins and getting regular payouts from this coin.
How To Buy Crypto Ape.
Several reputable wallets and online exchanges support ApeCoin. However, it is always best to go with a hardware wallet like Ledger Nano S when storing coins you are not actively trading. If you want to buy the apecoin then you would have to visit any exchange that supports it. Additionally, make sure you get a wallet that is supported by the exchange you have chosen. Above all, my recommendation is to use a combination of a Coinbase wallet along with an offline hardware wallet.
Feedback from Exchanges towards Crypto Ape Coin Performance. (Updated December 2022)
- RightBTC: 99.5%+Positive Feedback
- Indodax: 99.4%+Positive Feedback
- CryptoID: 100%+Positive feedback
- Bit-Z: 100%+Positive feedback
- Gatecoin: 99.9% Positive feedback
Conclusion
ApeCoin is currently one of the most popular Altcoins in the world. Further, this popularity is simply going to increase as more people continue to invest in it. At the moment there are many new projects, being held by apecoin. Consequently, apecoin is fast becomeing one of the most powerful cryptocurrencies in the world.
As a big data-driven blockchain solution, ApeCoins are expected to complement human brain power and become a competitive force in today’s global economy.
