APECOIN Uses, Use cases, Differentiators, and Competitors

APECOIN Uses, Use cases, Differentiators, and Competitors

Apecoin Use Cases: APECOIN is tied to BAYC “the most expensive collection of NFTs”. All details about it. read on

ApeCoin is a Bored Ape Yacht Club-affiliated cryptocurrency based upon the ERC-20 blockchain. Apecoin brings a much-awaited governance aspect to the APE ecosystem. Amongst other things, ApeCoin represents a governance token (in other words, voting rights), giving ApeCoin holders a say in the project’s development and important decisions.

APECOIN serves multi-purpose work on the ecosystem.

  • Coin holders can participate in the governance of the DAO to enable them to access exclusive features of the ecosystem, such as games, events, merchandise, and services.
  • APECOIN is accepted by many merchants as it is a perpetual ERC-20 token.
  • The coin is already in use as an NFT reward, and holders with BAYC receive free APE that they can cash in immediately.

Apecoin Use Cases

  • APECOIN is a utility token that can be used to purchase game products developed by the BAYC community.
  • It works as third-party developers in the ecosystem by integrating APEs into games, projects, and other services.
  • APE is adopted as an incentive for players in Benji Bananas, a play-to-earn mobile game developed by Animoca Brands. Benji Bananas offers a Membership Pass (‘Benji Pass’), an NFT that enables its owners to earn special tokens while playing Benji Bananas and will also allow those tokens to be swapped for Apecoin.


  • BAYC (the most expensive collection of NFTs) is behind APECOIN. Therefore, this coin has a good reputation from others because of the endorsement.
  • A major competitive advantage of Apcoin is its association with Yuga Labs, arguably the most influential presence in the NFT space. As a result, Apecoin benefits from all the social capital associated with Bored Ape Yacht Club and all other projects in the Yuga Labs ecosystem.
  • In addition to NFT rewards, APECOIN allows payment options and other exclusive features within the APE ecosystem.
  • APECOIN has been in the limelight since its appearance. The creators offered many incentives to increase their usefulness.


  • HachiFi: -This cryptocurrency is quite popular in recent times. Which is being built on a much wider ecosystem. Users can benefit from NFT collection and passive revenue.
  • AXIE INFINITY: – This is a popular game inspired by Pokemon. Where players can buy virtual assets and sell them for real money.
  • DECENTRALAND: – Decentraland is a platform powered by blockchain technology that enables the development of augmented reality land where users can buy, sell, or rent land parcels stored as NFTs on the Ethereum (ETH) blockchain.