ApeCoin Joins Crypto Roster At GCrypto

Republished By Plato

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GCrypto, the cryptocurrency platform integrated within the popular GCash app, has recently expanded its offerings by including ApeCoin (APE). This addition marks an expansion of GCrypto’s portfolio, now boasting a total of 26 cryptocurrencies.

APE Price to PHP

What is ApeCoin?

ApeCoin serves as the governance token for the ApeCoin DAO, with ownership granting membership and voting rights in this decentralized autonomous organization.
Members can actively engage in proposing and deciding on ApeCoin Improvement Proposals (AIPs), which cover a range of topics including Ecosystem Fund allocation, governance policies, partnerships, and other pivotal decisions.

APE’s Market Movements and Historical Listings

On November 17, ApeCoin witnessed a significant token unlock, releasing 15.6 million APE into the market, valued at approximately $21.37 million.

Prior to its availability on GCrypto, APE was listed on notable Filipino cryptocurrency exchanges such as Coins.ph and PDAX in 2022.

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ApeCoin Roles

ApeCoin, as the open-source foundation of the ecosystem, plays crucial roles:

Governance: It empowers holders to steer the course of the APE ecosystem through the ApeCoin DAO.
Unified Spending Medium: As a utility token, ApeCoin simplifies transactions by minimizing reliance on centralized intermediaries.
Exclusive Access: Ownership of ApeCoin provides access to unique areas of its ecosystem, including specialized games, merchandise, events, and services.
Incentivization: ApeCoin also acts as an incentive for external developers, encouraging them to incorporate APE into their platforms.

How to Trade APE on GCrypto:

Access GCrypto through the GCash app.
Ensure your GCrypto wallet is funded, with seamless top-ups available via GCash.
Choose your desired cryptocurrency.
Opt for either buying or selling.
Enter the amount in PHP or cryptocurrency.
Review and confirm the transaction details.

This article is published on BitPinas: ApeCoin Joins Crypto Roster at GCrypto

Disclaimer:

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