Backpack lists $APE (ApeCoin)

$APE is the governance token of the APE Foundation, a decentralized community owned organization who are building an infrastructure for ApeCoin cryptocurrency holders. An administrative board oversees decisions of the ApeCoin DAO and is in charge of making sure votes are implemented.

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Yuga Labs, creator of Bored Ape Yacht Club, is a contributor to the ApeCoin ecosystem and is adopting APE as the primary token in their new projects. APE launched in March 2022, the remaining token supply will become unlocked over the next year.

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Backpack will list the APE token on our spot trading markets.

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• Ticker: APE‍
• Circulating Supply: 721,448,863
• Total Supply: 1,000,000,000
• Contract Address: 0x4d224452801aced8b2f0aebe155379bb5d594381

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Trading of APE starts according to the following schedule:

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• Spot trading for APE/USDC opens at 10:00AM UTC on December 5th, 2024

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Trade $APE on Backpack Exchange.

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The total supply of ApeCoin is permanently fixed at 1 billion tokens. No minting capability is exposed through the contract interface, thus the total supply will never increase.

Similarly, the contract interface does not expose any token burning capability, so the total supply will never decrease.

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Risk warning: Trading digital assets involves significant risk and may result in the loss of your invested capital. You should ensure that you fully understand the risks involved and take into consideration your level of experience in investment, and seek independent financial advice if necessary.

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Backpack Exchange

December 5th, 2024

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