BAYC Will Distribute Cryptocurrencies To NFT Holders

BAYC will distribute cryptocurrencies to NFT holders. APE cryptocurrency will be issued at certain rates.

The Ape Foundation, founded under the leadership of Bored Ape Yacht Club developer Yuga Labs, which has become the largest NFT collection, announced the news regarding cryptocurrencies. The APE cryptocurrency will be distributed to users who own the Yuga Labs NFT collection. At first, 1 billion APE coins will be distributed to Yuga Labs NFT collection holders. 10,000 tokens per NFT will be distributed to BAYC holders, 2 thousand tokens will be distributed to MAYC holders, 11 thousand tokens will be distributed to BAYC and BAKC holders, and around 3,000 tokens will be distributed to MAYC and BAKC holders. This amount is limited to 150 million and is 15 percent of the total amount. Distribution of the said coins will start as of today. 470 million APE coins will be transferred to the DAO pool and they will be released in batches. It is stated that APE cryptocurrency will be listed on important exchanges in a short time. The Yuga Labs startup will receive 150 million locked APE coins, while the Yuga Labs founders will receive 80 million locked coins.