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The release of the token comes mere days after the announcement that Yuga Labs purchased <\/a>an additional two NFT collections; Cryptopunks and Meebits. The token will support ApeCoin DAO, an organization that aims to put control in the hands of the community in regard to the NFT collection.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/apecoin\/status\/1504201557147070465\n<\/div><\/figure>\n","post_title":"ApeCoin Token Plummets 80% Within Its Opening Hours","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ape-token-plummets-80-within-its-opening-hours","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/baycs-yuga-labs-acquires-rights-to-cryptopunks-and-meebits\/\nhttps:\/\/www.thedistributed.co\/blockchain-essentials-daos\/","post_modified":"2023-04-30 21:37:52","post_modified_gmt":"2023-04-30 11:37:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3986","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The owners of a Bored Ape NFT, were airdropped 10,000 APE tokens per NFT. 15% of the total supply was made available this morning with the release of the coin to the public. The remaining supply consists of 47% being sent to the Ape DAO<\/a> treasury, 16% to the parent company Yuga Labs, 14% to contributors of the launch, and the remaining 8% to the founders of BAYC.<\/p>\n\n\n\n

The release of the token comes mere days after the announcement that Yuga Labs purchased <\/a>an additional two NFT collections; Cryptopunks and Meebits. The token will support ApeCoin DAO, an organization that aims to put control in the hands of the community in regard to the NFT collection.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/apecoin\/status\/1504201557147070465\n<\/div><\/figure>\n","post_title":"ApeCoin Token Plummets 80% Within Its Opening Hours","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ape-token-plummets-80-within-its-opening-hours","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/baycs-yuga-labs-acquires-rights-to-cryptopunks-and-meebits\/\nhttps:\/\/www.thedistributed.co\/blockchain-essentials-daos\/","post_modified":"2023-04-30 21:37:52","post_modified_gmt":"2023-04-30 11:37:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3986","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

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ADVERTISEMENT
\n

The coin was released to the public today, within its first few hours it dropped from a high of $39.40 to a low of $6.48 according to CoinMarketCap data<\/a>. The cause of the 80% drop was an airdrop of the token to the holders of a Bored Ape NFT, who were quick to make free money from the coin. Although the coin has since recovered and is now sitting at $12.45.<\/p>\n\n\n\n

The owners of a Bored Ape NFT, were airdropped 10,000 APE tokens per NFT. 15% of the total supply was made available this morning with the release of the coin to the public. The remaining supply consists of 47% being sent to the Ape DAO<\/a> treasury, 16% to the parent company Yuga Labs, 14% to contributors of the launch, and the remaining 8% to the founders of BAYC.<\/p>\n\n\n\n

The release of the token comes mere days after the announcement that Yuga Labs purchased <\/a>an additional two NFT collections; Cryptopunks and Meebits. The token will support ApeCoin DAO, an organization that aims to put control in the hands of the community in regard to the NFT collection.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/apecoin\/status\/1504201557147070465\n<\/div><\/figure>\n","post_title":"ApeCoin Token Plummets 80% Within Its Opening Hours","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ape-token-plummets-80-within-its-opening-hours","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/baycs-yuga-labs-acquires-rights-to-cryptopunks-and-meebits\/\nhttps:\/\/www.thedistributed.co\/blockchain-essentials-daos\/","post_modified":"2023-04-30 21:37:52","post_modified_gmt":"2023-04-30 11:37:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3986","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

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ADVERTISEMENT
\n

The token was first announced <\/a>yesterday through the ApeCoin Twitter account. <\/p>\n\n\n\n

The coin was released to the public today, within its first few hours it dropped from a high of $39.40 to a low of $6.48 according to CoinMarketCap data<\/a>. The cause of the 80% drop was an airdrop of the token to the holders of a Bored Ape NFT, who were quick to make free money from the coin. Although the coin has since recovered and is now sitting at $12.45.<\/p>\n\n\n\n

The owners of a Bored Ape NFT, were airdropped 10,000 APE tokens per NFT. 15% of the total supply was made available this morning with the release of the coin to the public. The remaining supply consists of 47% being sent to the Ape DAO<\/a> treasury, 16% to the parent company Yuga Labs, 14% to contributors of the launch, and the remaining 8% to the founders of BAYC.<\/p>\n\n\n\n

The release of the token comes mere days after the announcement that Yuga Labs purchased <\/a>an additional two NFT collections; Cryptopunks and Meebits. The token will support ApeCoin DAO, an organization that aims to put control in the hands of the community in regard to the NFT collection.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/apecoin\/status\/1504201557147070465\n<\/div><\/figure>\n","post_title":"ApeCoin Token Plummets 80% Within Its Opening Hours","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ape-token-plummets-80-within-its-opening-hours","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/baycs-yuga-labs-acquires-rights-to-cryptopunks-and-meebits\/\nhttps:\/\/www.thedistributed.co\/blockchain-essentials-daos\/","post_modified":"2023-04-30 21:37:52","post_modified_gmt":"2023-04-30 11:37:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3986","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

ApeCoin<\/a>, the token linked to NFT collection Bored Ape Yacht Club<\/a> (BAYC), was down over 80% within the first 2 hours of its public offering.<\/p>\n\n\n\n

The token was first announced <\/a>yesterday through the ApeCoin Twitter account. <\/p>\n\n\n\n

The coin was released to the public today, within its first few hours it dropped from a high of $39.40 to a low of $6.48 according to CoinMarketCap data<\/a>. The cause of the 80% drop was an airdrop of the token to the holders of a Bored Ape NFT, who were quick to make free money from the coin. Although the coin has since recovered and is now sitting at $12.45.<\/p>\n\n\n\n

The owners of a Bored Ape NFT, were airdropped 10,000 APE tokens per NFT. 15% of the total supply was made available this morning with the release of the coin to the public. The remaining supply consists of 47% being sent to the Ape DAO<\/a> treasury, 16% to the parent company Yuga Labs, 14% to contributors of the launch, and the remaining 8% to the founders of BAYC.<\/p>\n\n\n\n

The release of the token comes mere days after the announcement that Yuga Labs purchased <\/a>an additional two NFT collections; Cryptopunks and Meebits. The token will support ApeCoin DAO, an organization that aims to put control in the hands of the community in regard to the NFT collection.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/apecoin\/status\/1504201557147070465\n<\/div><\/figure>\n","post_title":"ApeCoin Token Plummets 80% Within Its Opening Hours","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ape-token-plummets-80-within-its-opening-hours","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/baycs-yuga-labs-acquires-rights-to-cryptopunks-and-meebits\/\nhttps:\/\/www.thedistributed.co\/blockchain-essentials-daos\/","post_modified":"2023-04-30 21:37:52","post_modified_gmt":"2023-04-30 11:37:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3986","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n
\nhttps:\/\/twitter.com\/WatcherGuru\/status\/1521808476627943424\n<\/div>
Watcher Guru replied to Elon Musks comment on the fungibility of his new BAYC profile picture.<\/figcaption><\/figure>\n","post_title":"Elon Musk And BAYC?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"elon-musk-and-bayc","to_ping":"","pinged":"","post_modified":"2022-05-04 22:02:10","post_modified_gmt":"2022-05-04 12:02:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4808","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3986,"post_author":"1","post_date":"2022-03-18 23:32:52","post_date_gmt":"2022-03-18 12:32:52","post_content":"\n

ApeCoin<\/a>, the token linked to NFT collection Bored Ape Yacht Club<\/a> (BAYC), was down over 80% within the first 2 hours of its public offering.<\/p>\n\n\n\n

The token was first announced <\/a>yesterday through the ApeCoin Twitter account. <\/p>\n\n\n\n

The coin was released to the public today, within its first few hours it dropped from a high of $39.40 to a low of $6.48 according to CoinMarketCap data<\/a>. The cause of the 80% drop was an airdrop of the token to the holders of a Bored Ape NFT, who were quick to make free money from the coin. Although the coin has since recovered and is now sitting at $12.45.<\/p>\n\n\n\n

The owners of a Bored Ape NFT, were airdropped 10,000 APE tokens per NFT. 15% of the total supply was made available this morning with the release of the coin to the public. The remaining supply consists of 47% being sent to the Ape DAO<\/a> treasury, 16% to the parent company Yuga Labs, 14% to contributors of the launch, and the remaining 8% to the founders of BAYC.<\/p>\n\n\n\n

The release of the token comes mere days after the announcement that Yuga Labs purchased <\/a>an additional two NFT collections; Cryptopunks and Meebits. The token will support ApeCoin DAO, an organization that aims to put control in the hands of the community in regard to the NFT collection.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/apecoin\/status\/1504201557147070465\n<\/div><\/figure>\n","post_title":"ApeCoin Token Plummets 80% Within Its Opening Hours","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ape-token-plummets-80-within-its-opening-hours","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/baycs-yuga-labs-acquires-rights-to-cryptopunks-and-meebits\/\nhttps:\/\/www.thedistributed.co\/blockchain-essentials-daos\/","post_modified":"2023-04-30 21:37:52","post_modified_gmt":"2023-04-30 11:37:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3986","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

BAYCs ApeCoin has in turn had high volatility in the past few days. Rising to a high of $26.81 last Monday, before dropping to a low of $13.93 today. The coin is trading at $15.57 at time of press, according to data<\/a> from CoinMarketCap.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/WatcherGuru\/status\/1521808476627943424\n<\/div>
Watcher Guru replied to Elon Musks comment on the fungibility of his new BAYC profile picture.<\/figcaption><\/figure>\n","post_title":"Elon Musk And BAYC?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"elon-musk-and-bayc","to_ping":"","pinged":"","post_modified":"2022-05-04 22:02:10","post_modified_gmt":"2022-05-04 12:02:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4808","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3986,"post_author":"1","post_date":"2022-03-18 23:32:52","post_date_gmt":"2022-03-18 12:32:52","post_content":"\n

ApeCoin<\/a>, the token linked to NFT collection Bored Ape Yacht Club<\/a> (BAYC), was down over 80% within the first 2 hours of its public offering.<\/p>\n\n\n\n

The token was first announced <\/a>yesterday through the ApeCoin Twitter account. <\/p>\n\n\n\n

The coin was released to the public today, within its first few hours it dropped from a high of $39.40 to a low of $6.48 according to CoinMarketCap data<\/a>. The cause of the 80% drop was an airdrop of the token to the holders of a Bored Ape NFT, who were quick to make free money from the coin. Although the coin has since recovered and is now sitting at $12.45.<\/p>\n\n\n\n

The owners of a Bored Ape NFT, were airdropped 10,000 APE tokens per NFT. 15% of the total supply was made available this morning with the release of the coin to the public. The remaining supply consists of 47% being sent to the Ape DAO<\/a> treasury, 16% to the parent company Yuga Labs, 14% to contributors of the launch, and the remaining 8% to the founders of BAYC.<\/p>\n\n\n\n

The release of the token comes mere days after the announcement that Yuga Labs purchased <\/a>an additional two NFT collections; Cryptopunks and Meebits. The token will support ApeCoin DAO, an organization that aims to put control in the hands of the community in regard to the NFT collection.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/apecoin\/status\/1504201557147070465\n<\/div><\/figure>\n","post_title":"ApeCoin Token Plummets 80% Within Its Opening Hours","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ape-token-plummets-80-within-its-opening-hours","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/baycs-yuga-labs-acquires-rights-to-cryptopunks-and-meebits\/\nhttps:\/\/www.thedistributed.co\/blockchain-essentials-daos\/","post_modified":"2023-04-30 21:37:52","post_modified_gmt":"2023-04-30 11:37:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3986","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Amidst the past week, BAYC and ApeCoin have seen high levels of volatilty. This comes after heavy backlash from the community<\/a> after transaction fees of over<\/a> $180M were incurred on $320M worth of sales. These sales were in relation to the auction of virtual land on BAYCs metaverse project. BAYC owners, Yuga Labs are now seeking to refund the high transaction fees to the community who weren't successful in obtaining virtual land.<\/p>\n\n\n\n

BAYCs ApeCoin has in turn had high volatility in the past few days. Rising to a high of $26.81 last Monday, before dropping to a low of $13.93 today. The coin is trading at $15.57 at time of press, according to data<\/a> from CoinMarketCap.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/WatcherGuru\/status\/1521808476627943424\n<\/div>
Watcher Guru replied to Elon Musks comment on the fungibility of his new BAYC profile picture.<\/figcaption><\/figure>\n","post_title":"Elon Musk And BAYC?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"elon-musk-and-bayc","to_ping":"","pinged":"","post_modified":"2022-05-04 22:02:10","post_modified_gmt":"2022-05-04 12:02:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4808","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3986,"post_author":"1","post_date":"2022-03-18 23:32:52","post_date_gmt":"2022-03-18 12:32:52","post_content":"\n

ApeCoin<\/a>, the token linked to NFT collection Bored Ape Yacht Club<\/a> (BAYC), was down over 80% within the first 2 hours of its public offering.<\/p>\n\n\n\n

The token was first announced <\/a>yesterday through the ApeCoin Twitter account. <\/p>\n\n\n\n

The coin was released to the public today, within its first few hours it dropped from a high of $39.40 to a low of $6.48 according to CoinMarketCap data<\/a>. The cause of the 80% drop was an airdrop of the token to the holders of a Bored Ape NFT, who were quick to make free money from the coin. Although the coin has since recovered and is now sitting at $12.45.<\/p>\n\n\n\n

The owners of a Bored Ape NFT, were airdropped 10,000 APE tokens per NFT. 15% of the total supply was made available this morning with the release of the coin to the public. The remaining supply consists of 47% being sent to the Ape DAO<\/a> treasury, 16% to the parent company Yuga Labs, 14% to contributors of the launch, and the remaining 8% to the founders of BAYC.<\/p>\n\n\n\n

The release of the token comes mere days after the announcement that Yuga Labs purchased <\/a>an additional two NFT collections; Cryptopunks and Meebits. The token will support ApeCoin DAO, an organization that aims to put control in the hands of the community in regard to the NFT collection.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/apecoin\/status\/1504201557147070465\n<\/div><\/figure>\n","post_title":"ApeCoin Token Plummets 80% Within Its Opening Hours","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ape-token-plummets-80-within-its-opening-hours","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/baycs-yuga-labs-acquires-rights-to-cryptopunks-and-meebits\/\nhttps:\/\/www.thedistributed.co\/blockchain-essentials-daos\/","post_modified":"2023-04-30 21:37:52","post_modified_gmt":"2023-04-30 11:37:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3986","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The image is taken from Sothebys sale of 101 Bored Ape Yacht Club<\/a> NFTs back last year.<\/p>\n\n\n\n

Amidst the past week, BAYC and ApeCoin have seen high levels of volatilty. This comes after heavy backlash from the community<\/a> after transaction fees of over<\/a> $180M were incurred on $320M worth of sales. These sales were in relation to the auction of virtual land on BAYCs metaverse project. BAYC owners, Yuga Labs are now seeking to refund the high transaction fees to the community who weren't successful in obtaining virtual land.<\/p>\n\n\n\n

BAYCs ApeCoin has in turn had high volatility in the past few days. Rising to a high of $26.81 last Monday, before dropping to a low of $13.93 today. The coin is trading at $15.57 at time of press, according to data<\/a> from CoinMarketCap.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/WatcherGuru\/status\/1521808476627943424\n<\/div>
Watcher Guru replied to Elon Musks comment on the fungibility of his new BAYC profile picture.<\/figcaption><\/figure>\n","post_title":"Elon Musk And BAYC?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"elon-musk-and-bayc","to_ping":"","pinged":"","post_modified":"2022-05-04 22:02:10","post_modified_gmt":"2022-05-04 12:02:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4808","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3986,"post_author":"1","post_date":"2022-03-18 23:32:52","post_date_gmt":"2022-03-18 12:32:52","post_content":"\n

ApeCoin<\/a>, the token linked to NFT collection Bored Ape Yacht Club<\/a> (BAYC), was down over 80% within the first 2 hours of its public offering.<\/p>\n\n\n\n

The token was first announced <\/a>yesterday through the ApeCoin Twitter account. <\/p>\n\n\n\n

The coin was released to the public today, within its first few hours it dropped from a high of $39.40 to a low of $6.48 according to CoinMarketCap data<\/a>. The cause of the 80% drop was an airdrop of the token to the holders of a Bored Ape NFT, who were quick to make free money from the coin. Although the coin has since recovered and is now sitting at $12.45.<\/p>\n\n\n\n

The owners of a Bored Ape NFT, were airdropped 10,000 APE tokens per NFT. 15% of the total supply was made available this morning with the release of the coin to the public. The remaining supply consists of 47% being sent to the Ape DAO<\/a> treasury, 16% to the parent company Yuga Labs, 14% to contributors of the launch, and the remaining 8% to the founders of BAYC.<\/p>\n\n\n\n

The release of the token comes mere days after the announcement that Yuga Labs purchased <\/a>an additional two NFT collections; Cryptopunks and Meebits. The token will support ApeCoin DAO, an organization that aims to put control in the hands of the community in regard to the NFT collection.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/apecoin\/status\/1504201557147070465\n<\/div><\/figure>\n","post_title":"ApeCoin Token Plummets 80% Within Its Opening Hours","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ape-token-plummets-80-within-its-opening-hours","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/baycs-yuga-labs-acquires-rights-to-cryptopunks-and-meebits\/\nhttps:\/\/www.thedistributed.co\/blockchain-essentials-daos\/","post_modified":"2023-04-30 21:37:52","post_modified_gmt":"2023-04-30 11:37:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3986","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Elon Musk recently changed his Twitter profile picture to that of a Bored Ape Yacht Club (BAYC) collage.<\/p>\n\n\n\n

The image is taken from Sothebys sale of 101 Bored Ape Yacht Club<\/a> NFTs back last year.<\/p>\n\n\n\n

Amidst the past week, BAYC and ApeCoin have seen high levels of volatilty. This comes after heavy backlash from the community<\/a> after transaction fees of over<\/a> $180M were incurred on $320M worth of sales. These sales were in relation to the auction of virtual land on BAYCs metaverse project. BAYC owners, Yuga Labs are now seeking to refund the high transaction fees to the community who weren't successful in obtaining virtual land.<\/p>\n\n\n\n

BAYCs ApeCoin has in turn had high volatility in the past few days. Rising to a high of $26.81 last Monday, before dropping to a low of $13.93 today. The coin is trading at $15.57 at time of press, according to data<\/a> from CoinMarketCap.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/WatcherGuru\/status\/1521808476627943424\n<\/div>
Watcher Guru replied to Elon Musks comment on the fungibility of his new BAYC profile picture.<\/figcaption><\/figure>\n","post_title":"Elon Musk And BAYC?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"elon-musk-and-bayc","to_ping":"","pinged":"","post_modified":"2022-05-04 22:02:10","post_modified_gmt":"2022-05-04 12:02:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4808","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3986,"post_author":"1","post_date":"2022-03-18 23:32:52","post_date_gmt":"2022-03-18 12:32:52","post_content":"\n

ApeCoin<\/a>, the token linked to NFT collection Bored Ape Yacht Club<\/a> (BAYC), was down over 80% within the first 2 hours of its public offering.<\/p>\n\n\n\n

The token was first announced <\/a>yesterday through the ApeCoin Twitter account. <\/p>\n\n\n\n

The coin was released to the public today, within its first few hours it dropped from a high of $39.40 to a low of $6.48 according to CoinMarketCap data<\/a>. The cause of the 80% drop was an airdrop of the token to the holders of a Bored Ape NFT, who were quick to make free money from the coin. Although the coin has since recovered and is now sitting at $12.45.<\/p>\n\n\n\n

The owners of a Bored Ape NFT, were airdropped 10,000 APE tokens per NFT. 15% of the total supply was made available this morning with the release of the coin to the public. The remaining supply consists of 47% being sent to the Ape DAO<\/a> treasury, 16% to the parent company Yuga Labs, 14% to contributors of the launch, and the remaining 8% to the founders of BAYC.<\/p>\n\n\n\n

The release of the token comes mere days after the announcement that Yuga Labs purchased <\/a>an additional two NFT collections; Cryptopunks and Meebits. The token will support ApeCoin DAO, an organization that aims to put control in the hands of the community in regard to the NFT collection.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/apecoin\/status\/1504201557147070465\n<\/div><\/figure>\n","post_title":"ApeCoin Token Plummets 80% Within Its Opening Hours","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ape-token-plummets-80-within-its-opening-hours","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/baycs-yuga-labs-acquires-rights-to-cryptopunks-and-meebits\/\nhttps:\/\/www.thedistributed.co\/blockchain-essentials-daos\/","post_modified":"2023-04-30 21:37:52","post_modified_gmt":"2023-04-30 11:37:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3986","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n
\"\"
Horizen Labs apestake.io Update. Source: HorizenLabs\/Twitter<\/a><\/figcaption><\/figure>\n","post_title":"North American Users Geoblocked From ApeCoin Staking Site","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"north-american-users-geoblocked-from-apecoin-staking-site","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 18:13:43","post_modified_gmt":"2023-04-10 08:13:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8587","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4808,"post_author":"1","post_date":"2022-05-04 22:00:58","post_date_gmt":"2022-05-04 12:00:58","post_content":"\n

Elon Musk recently changed his Twitter profile picture to that of a Bored Ape Yacht Club (BAYC) collage.<\/p>\n\n\n\n

The image is taken from Sothebys sale of 101 Bored Ape Yacht Club<\/a> NFTs back last year.<\/p>\n\n\n\n

Amidst the past week, BAYC and ApeCoin have seen high levels of volatilty. This comes after heavy backlash from the community<\/a> after transaction fees of over<\/a> $180M were incurred on $320M worth of sales. These sales were in relation to the auction of virtual land on BAYCs metaverse project. BAYC owners, Yuga Labs are now seeking to refund the high transaction fees to the community who weren't successful in obtaining virtual land.<\/p>\n\n\n\n

BAYCs ApeCoin has in turn had high volatility in the past few days. Rising to a high of $26.81 last Monday, before dropping to a low of $13.93 today. The coin is trading at $15.57 at time of press, according to data<\/a> from CoinMarketCap.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/WatcherGuru\/status\/1521808476627943424\n<\/div>
Watcher Guru replied to Elon Musks comment on the fungibility of his new BAYC profile picture.<\/figcaption><\/figure>\n","post_title":"Elon Musk And BAYC?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"elon-musk-and-bayc","to_ping":"","pinged":"","post_modified":"2022-05-04 22:02:10","post_modified_gmt":"2022-05-04 12:02:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4808","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3986,"post_author":"1","post_date":"2022-03-18 23:32:52","post_date_gmt":"2022-03-18 12:32:52","post_content":"\n

ApeCoin<\/a>, the token linked to NFT collection Bored Ape Yacht Club<\/a> (BAYC), was down over 80% within the first 2 hours of its public offering.<\/p>\n\n\n\n

The token was first announced <\/a>yesterday through the ApeCoin Twitter account. <\/p>\n\n\n\n

The coin was released to the public today, within its first few hours it dropped from a high of $39.40 to a low of $6.48 according to CoinMarketCap data<\/a>. The cause of the 80% drop was an airdrop of the token to the holders of a Bored Ape NFT, who were quick to make free money from the coin. Although the coin has since recovered and is now sitting at $12.45.<\/p>\n\n\n\n

The owners of a Bored Ape NFT, were airdropped 10,000 APE tokens per NFT. 15% of the total supply was made available this morning with the release of the coin to the public. The remaining supply consists of 47% being sent to the Ape DAO<\/a> treasury, 16% to the parent company Yuga Labs, 14% to contributors of the launch, and the remaining 8% to the founders of BAYC.<\/p>\n\n\n\n

The release of the token comes mere days after the announcement that Yuga Labs purchased <\/a>an additional two NFT collections; Cryptopunks and Meebits. The token will support ApeCoin DAO, an organization that aims to put control in the hands of the community in regard to the NFT collection.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/apecoin\/status\/1504201557147070465\n<\/div><\/figure>\n","post_title":"ApeCoin Token Plummets 80% Within Its Opening Hours","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ape-token-plummets-80-within-its-opening-hours","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/baycs-yuga-labs-acquires-rights-to-cryptopunks-and-meebits\/\nhttps:\/\/www.thedistributed.co\/blockchain-essentials-daos\/","post_modified":"2023-04-30 21:37:52","post_modified_gmt":"2023-04-30 11:37:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3986","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

See Related:<\/em><\/strong> BAYC\u2019s Yuga Labs Acquires Rights To CryptoPunks And Meebits<\/a><\/p>\n\n\n\n

\"\"
Horizen Labs apestake.io Update. Source: HorizenLabs\/Twitter<\/a><\/figcaption><\/figure>\n","post_title":"North American Users Geoblocked From ApeCoin Staking Site","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"north-american-users-geoblocked-from-apecoin-staking-site","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 18:13:43","post_modified_gmt":"2023-04-10 08:13:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8587","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4808,"post_author":"1","post_date":"2022-05-04 22:00:58","post_date_gmt":"2022-05-04 12:00:58","post_content":"\n

Elon Musk recently changed his Twitter profile picture to that of a Bored Ape Yacht Club (BAYC) collage.<\/p>\n\n\n\n

The image is taken from Sothebys sale of 101 Bored Ape Yacht Club<\/a> NFTs back last year.<\/p>\n\n\n\n

Amidst the past week, BAYC and ApeCoin have seen high levels of volatilty. This comes after heavy backlash from the community<\/a> after transaction fees of over<\/a> $180M were incurred on $320M worth of sales. These sales were in relation to the auction of virtual land on BAYCs metaverse project. BAYC owners, Yuga Labs are now seeking to refund the high transaction fees to the community who weren't successful in obtaining virtual land.<\/p>\n\n\n\n

BAYCs ApeCoin has in turn had high volatility in the past few days. Rising to a high of $26.81 last Monday, before dropping to a low of $13.93 today. The coin is trading at $15.57 at time of press, according to data<\/a> from CoinMarketCap.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/WatcherGuru\/status\/1521808476627943424\n<\/div>
Watcher Guru replied to Elon Musks comment on the fungibility of his new BAYC profile picture.<\/figcaption><\/figure>\n","post_title":"Elon Musk And BAYC?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"elon-musk-and-bayc","to_ping":"","pinged":"","post_modified":"2022-05-04 22:02:10","post_modified_gmt":"2022-05-04 12:02:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4808","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3986,"post_author":"1","post_date":"2022-03-18 23:32:52","post_date_gmt":"2022-03-18 12:32:52","post_content":"\n

ApeCoin<\/a>, the token linked to NFT collection Bored Ape Yacht Club<\/a> (BAYC), was down over 80% within the first 2 hours of its public offering.<\/p>\n\n\n\n

The token was first announced <\/a>yesterday through the ApeCoin Twitter account. <\/p>\n\n\n\n

The coin was released to the public today, within its first few hours it dropped from a high of $39.40 to a low of $6.48 according to CoinMarketCap data<\/a>. The cause of the 80% drop was an airdrop of the token to the holders of a Bored Ape NFT, who were quick to make free money from the coin. Although the coin has since recovered and is now sitting at $12.45.<\/p>\n\n\n\n

The owners of a Bored Ape NFT, were airdropped 10,000 APE tokens per NFT. 15% of the total supply was made available this morning with the release of the coin to the public. The remaining supply consists of 47% being sent to the Ape DAO<\/a> treasury, 16% to the parent company Yuga Labs, 14% to contributors of the launch, and the remaining 8% to the founders of BAYC.<\/p>\n\n\n\n

The release of the token comes mere days after the announcement that Yuga Labs purchased <\/a>an additional two NFT collections; Cryptopunks and Meebits. The token will support ApeCoin DAO, an organization that aims to put control in the hands of the community in regard to the NFT collection.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/apecoin\/status\/1504201557147070465\n<\/div><\/figure>\n","post_title":"ApeCoin Token Plummets 80% Within Its Opening Hours","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ape-token-plummets-80-within-its-opening-hours","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/baycs-yuga-labs-acquires-rights-to-cryptopunks-and-meebits\/\nhttps:\/\/www.thedistributed.co\/blockchain-essentials-daos\/","post_modified":"2023-04-30 21:37:52","post_modified_gmt":"2023-04-30 11:37:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3986","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n
  • Yuga Labs, the company behind Bored Ape Yacht Club and ApeCoin, has been under investigation by the Securities and Exchange Commission. Yuga Labs state that they are complying with the SEC which could be the cause of the geoblock for the official site. Although they cannot control what the community does with the open-source contract, which is there to allow users to verify the legitimacy of the contract.<\/li>\n<\/ul>\n\n\n\n

    See Related:<\/em><\/strong> BAYC\u2019s Yuga Labs Acquires Rights To CryptoPunks And Meebits<\/a><\/p>\n\n\n\n

    \"\"
    Horizen Labs apestake.io Update. Source: HorizenLabs\/Twitter<\/a><\/figcaption><\/figure>\n","post_title":"North American Users Geoblocked From ApeCoin Staking Site","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"north-american-users-geoblocked-from-apecoin-staking-site","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 18:13:43","post_modified_gmt":"2023-04-10 08:13:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8587","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4808,"post_author":"1","post_date":"2022-05-04 22:00:58","post_date_gmt":"2022-05-04 12:00:58","post_content":"\n

    Elon Musk recently changed his Twitter profile picture to that of a Bored Ape Yacht Club (BAYC) collage.<\/p>\n\n\n\n

    The image is taken from Sothebys sale of 101 Bored Ape Yacht Club<\/a> NFTs back last year.<\/p>\n\n\n\n

    Amidst the past week, BAYC and ApeCoin have seen high levels of volatilty. This comes after heavy backlash from the community<\/a> after transaction fees of over<\/a> $180M were incurred on $320M worth of sales. These sales were in relation to the auction of virtual land on BAYCs metaverse project. BAYC owners, Yuga Labs are now seeking to refund the high transaction fees to the community who weren't successful in obtaining virtual land.<\/p>\n\n\n\n

    BAYCs ApeCoin has in turn had high volatility in the past few days. Rising to a high of $26.81 last Monday, before dropping to a low of $13.93 today. The coin is trading at $15.57 at time of press, according to data<\/a> from CoinMarketCap.<\/p>\n\n\n\n

    \nhttps:\/\/twitter.com\/WatcherGuru\/status\/1521808476627943424\n<\/div>
    Watcher Guru replied to Elon Musks comment on the fungibility of his new BAYC profile picture.<\/figcaption><\/figure>\n","post_title":"Elon Musk And BAYC?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"elon-musk-and-bayc","to_ping":"","pinged":"","post_modified":"2022-05-04 22:02:10","post_modified_gmt":"2022-05-04 12:02:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4808","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3986,"post_author":"1","post_date":"2022-03-18 23:32:52","post_date_gmt":"2022-03-18 12:32:52","post_content":"\n

    ApeCoin<\/a>, the token linked to NFT collection Bored Ape Yacht Club<\/a> (BAYC), was down over 80% within the first 2 hours of its public offering.<\/p>\n\n\n\n

    The token was first announced <\/a>yesterday through the ApeCoin Twitter account. <\/p>\n\n\n\n

    The coin was released to the public today, within its first few hours it dropped from a high of $39.40 to a low of $6.48 according to CoinMarketCap data<\/a>. The cause of the 80% drop was an airdrop of the token to the holders of a Bored Ape NFT, who were quick to make free money from the coin. Although the coin has since recovered and is now sitting at $12.45.<\/p>\n\n\n\n

    The owners of a Bored Ape NFT, were airdropped 10,000 APE tokens per NFT. 15% of the total supply was made available this morning with the release of the coin to the public. The remaining supply consists of 47% being sent to the Ape DAO<\/a> treasury, 16% to the parent company Yuga Labs, 14% to contributors of the launch, and the remaining 8% to the founders of BAYC.<\/p>\n\n\n\n

    The release of the token comes mere days after the announcement that Yuga Labs purchased <\/a>an additional two NFT collections; Cryptopunks and Meebits. The token will support ApeCoin DAO, an organization that aims to put control in the hands of the community in regard to the NFT collection.<\/p>\n\n\n\n

    \nhttps:\/\/twitter.com\/apecoin\/status\/1504201557147070465\n<\/div><\/figure>\n","post_title":"ApeCoin Token Plummets 80% Within Its Opening Hours","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ape-token-plummets-80-within-its-opening-hours","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/baycs-yuga-labs-acquires-rights-to-cryptopunks-and-meebits\/\nhttps:\/\/www.thedistributed.co\/blockchain-essentials-daos\/","post_modified":"2023-04-30 21:37:52","post_modified_gmt":"2023-04-30 11:37:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3986","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

    Most Read

    Subscribe To Our Newsletter

    By subscribing, you agree with our privacy and terms.

    Follow The Distributed

    Twitter Instagram Youtube LinkedIn Facebook RSS
    ADVERTISEMENT
    \n