APE-X is a new meme cryptocurrency token with the mission statement: “To revolutionize investments.”
For its creators, the APE-X crypto meme has not been done yet in the metaverse. However, capitalizing on the powerful nature of apes highlights their wit and risk-taking, which far outweighs any dog’s capacities to do what they want with no consequences or sense, like for Shiba Inus coin (DOGE). This cryptocurrency will have an open niche within our community as long as we embrace all different types who are willing to embrace new technologies such as APE-X coins.
They are also hosting a massive giveaway for a Bored Ape Yacht Club (BAYC) NFT to one lucky holder of the APE-X token. Full details are available on their website. The third phase is the part where the community votes for the initiatives to be undertaken in 2022. It will also see more partnerships with artists for a new NFT series and more exchange listings.
“We believe that there is a cultural revolution currently happening in finance. This revolution is being fuelled by people who want to take their finances into their own hands and can access financial instruments with high investment potential, which are typically only reserved for institutions and high net worth individuals,” its creators shared. “A subset of these people are what we refer to as apes – those that invest in tokens solely for the reason that they connect with the meme of the token and it offers the potential for high ROI.”
The token community is designed to feature some of the most exciting attributes of the meme coin space. For example, APE-X takes the form of a decentralized autonomous organization (DAO) that brings frictionless yield and maintains auto liquidity generation by maintaining 5% on all transactions. Moreover, in its contract, BUSD (Binance US Dollar) is automatically sold each time it expires or when required; half goes into this self-sustaining pool while the other half gets added during any new purchase.
“We lean into this niche. Our products focus on pushing the boundaries of what can be accomplished with financial primitives – what is the most risk that we can safely get away with for our users to make the best ROI? We also focused on leveraging memes through our marketing materials that relate to high-risk crypto traders. We feel that our products play to this niche very well, and those high-risk crypto traders truly connect with our brand,” the APE-X creators explained.
According to the developers, 4% of all transactions will be automatically distributed to existing holders of APE-X. This means that the more tokens holders own, the bigger their reward becomes. APE-X is currently running its second phase, which involves applying for new exchange listings and developing the APE-X DAO App. It will also see more partnerships with artists for an NFT series and launching merchandise from this store in the coming weeks.
As part of the project’s plan, “we plan to release even more exciting things that have been worked hard at by many people including developers like yourself all over the world who want something better than what was before them.”
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