Get ApeCoin (APE): How to Use the ERC-20 Token for the APE Ecosystem
ApeCoin (APE) is an ERC-20 token used within the APE ecosystem launched In mid-March of 2022. ApeCoin is the ecosystem’s governance token, allowing ApeCoin holders to participate in ApeCoin DAO.
ApeCoin will also be used to access games, merchandise, events, and services from within the APE ecosystem and other parties willing to accept payments in APE or hold APE as payment themselves.
Buy ApeCoin (APE)
Where to buy ape coin? The easiest way to get your hands on some ApeCoins is by purchasing them from an exchange. In many cases, you’ll need Ethereum first and a cryptocurrency exchange like Coinbase or Binance that supports Ethereum trading before you can purchase any of these other coins.
To do so, follow these steps: Register with an exchange that sells/trades APE. Each has its own registration requirements-some require more information than others, and some allow additional account types, such as anonymous accounts. Transfer funds into your exchange account.
Some exchanges will require two-factor authentication or similar security measures before making a transaction if you don’t already have any balance in your account.
Store Your APE Coin
To store your APE Coin, you’ll want to use an online wallet that supports ERC-20 tokens. MyEtherWallet is a great option because it’s free and open source. You can also use Jaxx, which is another popular web wallet.
Store your public key, not your private key, on these wallets, so you don’t have to worry about hackers stealing your tokens. If you plan on holding onto your APE Coins for a while, consider using a hardware wallet like Trezor or Ledger Nano S.
These wallets keep your coins offline but still give you access to them when needed.
Buy on Exchanges
Apes can be purchased on exchanges that support Ethereum, such as Gemini and Coinbase. In order to purchase Apes, you must first have a compatible digital wallet set up. Exodus is a popular free option.
Once your wallet is set up, visit one of these sites and follow their step-by-step instructions to buy Apes. Make sure you take care not to send money from your main account. Many exchanges will prompt you for an address before initiating a transaction.
Instead of using your real account, create a new address specifically for trading purposes; cryptocurrency transactions are irreversible. Once your transaction has been completed, follow our next steps to complete your setup of ApeCoin DAO.
Buy From a Merchant
The easiest way to get your hands on APE is by purchasing them directly from a merchant in exchange for goods or services. If you’re interested in doing business with an established merchant, ask if they accept APE as payment.
In some cases, you may even earn enough coins from your purchase to use toward something else later. Keep an eye out for upcoming businesses that use APE, or start playing with it today when buying goods and services from merchants who already accept it.
You will have an easier time paying, but you’ll also support businesses dedicated to a decentralized economy and getting rid of cash. Once cash becomes obsolete in favor of digital currencies such as APE, transaction fees and inflation become non-existent because there’s no physical money used at all.
Referral Rewards Program
A referral rewards program is the best way to spread awareness about ApeCoin. By creating a community that rewards users who promote ApeCoin, you’ll be able to significantly increase engagement and drive conversions.
You can create a simple or complex reward system. For example, if someone signs up using your referral link, they might get 10% off their first purchase and 5% off their second one.
If they refer friends to sign up, they could earn additional points towards cash back or discounts. Or, you can choose not to give any financial compensation and focus on more experiential rewards-such as exclusive access or VIP tickets-to make your referral program more enticing.
